Miami’s Next Luxury Landmark: Mandarin Oriental’s Brickell Key Project Tops $1.7 Billion in Presales

What Swire Properties’ new Mandarin Oriental hotel and residences on Brickell Key means for travelers choosing where to stay in Miami

Short Answer

Swire Properties’ redevelopment of Brickell Key — anchored by a new Mandarin Oriental hotel and branded condominium residences — has surpassed $1.7 billion in presales, according to reporting by CoStar. For visitors, this signals that Miami’s ultra-luxury lodging supply is still expanding, and that Brickell Key, a quiet island just off Brickell Avenue, is being positioned as one of the city’s top-tier places to stay. The new hotel is a future opening, not a property you can book today, so travelers planning near-term trips should look at existing Brickell and Downtown Miami hotels while tracking this project for later stays.

What You Need to Know

• The headline number: Presales across the hotel-and-condominium development have exceeded $1.7 billion, per CoStar.
• The developer: Swire Properties, the Hong Kong–based company that developed Brickell Key and Brickell City Centre, and the long-time partner behind Mandarin Oriental, Miami.
• The brand: Mandarin Oriental, a luxury hotel group with a decades-long presence in Miami on Brickell Key.
• What’s being built: A new Mandarin Oriental hotel paired with branded residences on the island — a model now common in Miami, where hotel operators run both guest rooms and private condominium units.
• Timing: This is a long-horizon development. Opening dates for large Miami luxury projects frequently shift; confirm directly with the brand before building travel plans around it.
• Right now: If you want a Brickell Key or Brickell-area stay in the near term, verify the operating status and availability of the existing Mandarin Oriental, Miami and nearby alternatives before booking.

Location and Neighborhood

Brickell Key, Miami, Florida 33131 — a private, man-made island connected to the mainland by a single bridge at the eastern end of Brickell Key Drive, off SE 8th Street.

Brickell Key is unusual for Miami: it is residential, walkable, low-traffic, and ringed by a public baywalk with open views of Biscayne Bay, the Port of Miami, and the Downtown skyline. It sits roughly:

• 5–10 minutes on foot or by car to Brickell City Centre and Mary Brickell Village
• 10–15 minutes to Downtown Miami, the Kaseya Center, and PortMiami cruise terminals
• 20–30 minutes to South Beach, traffic depending
• 15–25 minutes to Miami International Airport (MIA)

The Metromover’s Brickell and Eighth Street stations are within walking distance, giving guests a free connection into Downtown and to the Metrorail.

Dates, Timing and Pricing

• News date: Reported by CoStar (dated October 9, 2026 in the source feed).
• Presale volume: More than $1.7 billion across the hotel and residential components.
• Hotel room rates: Not announced. Luxury Brickell waterfront hotels in Miami typically run higher in the December–April high season and lower in the August–October window.
• Residence pricing: Branded