Mandarin Oriental Miami Redevelopment Project Generates $1.2 Billion in Sales, Over Half of Units Sold
🏠 In early April, Miami's Mandarin Oriental hotel on Brickell Key was demolished for redevelopment into a two-tower project with 228 residences and a 121-room hotel, set to complete in 2030. The South Tower's units have generated $1.2 billion in sales. Similarly, Dallas' Hôtel St. Germain will be replaced by a $250 million mixed-use tower. Driven by demand, developers are increasingly combining hotels with branded residences to ensure early returns.
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