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These Five Condo Developments are Coming to Miami
New Developments in Miami | These are the 5 New Condos to Know About.
New Developments coming to Miami. As super brokers, we often receive the latest project information before the rest of the market. Information about these projects is often shared with a handful of brokers before it is blasted and marketed to the wider public. There are currently three projects that have been announced but have not yet launched. We would like to share the first project information with you,
Miami’s New Developments
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| Project | Address | Number of Units | Unit Sizes | Prices |
| Mandarin Oriental, Brickell Key | 500 Brickell Key Dr/ One Island Drive | 220 | 2-5 Bedrooms | Starting from $4.9M Around $2,000 / $2.500per SF |
| Four Seasons Residences Coconut Grove | 2699 S Bayshore Dr | 72 | 2-5 Bedrooms | Starting from $5.9M |
| 8777 Collins Ave, Surfside | 8777 Collins Ave | 57 | 4,000-12,000 SF (Most likely 3 bedroom+) | Starting from $4,000 per SF |
| The Ritz Carlton Residences South Beach | 1669 COLLINS AVENUE | 30 | 1-5 | $3M (Blended average of $4,500 per SF) |
| Waldorf Astoria, Pompano Beach | 1350 S OCEAN BLVD | 92 | 2-5 Bedrooms 2,100 - 3.500 SF | $2,5M or $1,500 per SF |
Mandarin Oriental Residences Brickell Key
Swire Properties recently announced the Mandarin Oriental Residences are coming to Brickell Key. Get ready for a grand launch in late 2023, where two magnificent towers will steal the spotlight. Tower One will soar to an impressive 800 feet, offering 220 residences ranging from 2 to 4 bedrooms. But that’s not all; it will also house two spectacular duplex penthouses spanning a lavish 6,000 square feet. Prices for these luxurious residences will kick off at 3.5 million dollars. Residents will enjoy the 5-star signature service of Mandarin Oriental, but the tower will not offer a hotel component. There will, however, be a second tower that will host the prestigious Mandarin Hotel.
The development’s architectural brilliance is attributed to Kohn Pederson Fox Associates (KPF), renowned for their innovative designs, while Parisian designer Tristan Auer elevates interiors. The outdoor spaces are masterfully crafted by the Thai firm Shma, ensuring a seamless integration with the overall concept.
These residences offer sweeping views of Biscayne Bay and will be connected by an expansive resort-style podium, spanning over 100,000 SF. This extraordinary space will house an array of amenities, including multi-tiered, landscaped infinity swimming pools, private cabanas, executive work lounges, private dining rooms with chef kitchens, world-class restaurants, a signature spa, and state-of-the-art health and wellness facilities. The development is envisioned as a tropical paradise, with lush greenery creating a natural canopy of color and texture, extending the beloved Brickell Key Baywalk. This is by far one of Brickell’s most anticipated new developments.
Pros of this project:
- Waterfront Lot
- The developer has an excellent track record and built all of Brickell Key
- Secluded Island Location, yet close to the action and financial center of Brickell
- Hospitality-branded condos have historically outperformed non-branded condos
- Walkability
The Four Seasons Residences in Coconut Grove
Here’s the scoop from multiple sources: A new Four Seasons-branded condominium is making its way to Coconut Grove. Ugo Colombo, the developer, is teaming up with Fort Partners, led by Nadim Ashi, for a prestigious project bearing the Four Seasons name in the lively Coconut Grove neighborhood in Miami. This development will take shape on the site where the former Offices in the Grove building stood, located at 2699 South Bayshore Drive, which is currently undergoing demolition.
From what we know, Colombo and Fort Partners are working together on this project, but neither of them has officially commented on their partnership with Four Seasons just yet.
Fort Partners, with headquarters in Fort Lauderdale and Miami under Nadim Ashi’s leadership, owns all the Four Seasons properties in South Florida. Their impressive collection includes the Four Seasons Hotel and Residences at The Surf Club in Surfside, the Four Seasons Hotel and Residences in Fort Lauderdale, the Four Seasons Miami Hotel in Brickell, and the Four Seasons Resort in Palm Beach. Notably, a sale at the Four Seasons in Surfside set a record with a price of nearly $5,800 per square foot in Miami-Dade County last year.
In the Coconut Grove area, CMC, under Colombo’s leadership, is also working on the luxurious Vita at Grove Isle condominium on the waterfront property at 4 Grove Isle. Prior to this, Colombo successfully completed the Brickell Flatiron condo tower in 2019.
Coconut Grove has seen significant redevelopment over the past decade. Terra, led by David Martin, played a pivotal role in developing the two-tower Grove at Grand Bay condo project in 2017. Terra also teamed up with the Related Group for the nearby three-tower Park Grove development, which completed its final phase in 2020. Currently, Terra’s ongoing project, Mr. C Residences, a two-building condominium project, is under construction.
Pros of this project:
- Although not ON the bay, it is located near the bay and will therefore offer beautiful views
- The Grove is a high-end community, with a lot of demand for luxury condo living.
- For families, it is important to know, that the Grove offers many excellent private schools
- Walkable part of Coconut Grove
- Hospitality-branded condos have historically outperformed non-branded condos
CONTACT ME AT 305.508.0899 or the latest information!!
Damac Properties, led by Hussain Sajwani, has big plans for a prime oceanfront spot at 8777 Collins Avenue. They purchased this 1.8-acre gem nearly a year ago, for $120 million, and now they’re gearing up to create something special on that site, designed by the renowned Zaha Hadid Architects. So, what’s the vision? Picture a stylish 12-story boutique building with 57 unique units. These condos are going to be something else, ranging from a spacious 4,000 square feet to a whopping 15,000 square feet. And let’s not forget about the perks – there’s going to be a stunning 100-foot-long rooftop pool.
Now, what’s really fascinating is that they’ve got not one but two different designs in mind. The first design gives the building a chic, stepped-back look on the south side, almost like a wedding cake, with the building subtly resembling a pair of separate buildings. The second design takes a more straightforward approach without the step-back feature.
Originally, it was planned to be a Cavalli-branded building, but there’s been a little change in the game plan. Damac is now exploring the possibility of collaborating with another luxury brand to make this place even more exceptional. It’s quite a transformation for the area, especially following the tragic collapse of the Champlain Towers South condo building in 2021. But with these new plans, Surfside is set to welcome a stunning addition to its skyline.
Pros of this project:
- Oceanfront Location
- Quiet, less touristic part of the beach, with easy access to dining and shopping hotspots
- Excellent Track record of developers and architects.
The Ritz Carlton Residences, South Beach
A new 17-story residential tower, standing 200 feet tall, will be built facing the ocean behind the Sagamore. It will replace the existing 5-story cabana building and include a new pool deck.
New Developments Near Miami: Waldorf Astoria Pompano Beach
The Related Group, a renowned developer with a history of major projects in Florida, is partnering with Merrimac Ventures to create the first exclusively residential Waldorf Astoria tower in Pompano Beach in collaboration with Hilton. This luxurious 28-story condominium tower will house 92 residences, with each floor featuring four units. Three of these units offer stunning ocean views to the east, while the fourth unit faces west toward the Intracoastal Waterway. The floor plan options range from 2 bedrooms plus a den to 5 bedrooms.
Notably, the project’s architecture is overseen by Nichols, and the landscape design is masterfully crafted by Enzo Enea. Residents of the Waldorf Astoria will enjoy exclusive amenities, including a private resort-style pool, a well-equipped gym, two exceptional restaurants (one of which will be open to the public), and a world-class spa. There will also be 19 marina boat slips available for owners, enhancing the appeal of waterfront living. The Waldorf Astoria in Pompano Beach is expected to be completed in the first quarter of 2027.
Pros of this project:
- Oceanfront Location
- Hospitality-branded condos have historically outperformed non-branded condos
- Pompano Beach is really developing as a luxury destination with condos such as Ritz Carlton and Casamar.
- Its Pompano Beach address provides for sales prices below $2K per SF. An oceanfront condo in Miami will be at least $3,000 per SF.
Why Work with us?
We enjoy full super-broker status with most of the new developments. This means we get first access to information and inventory. As super brokers, we enjoy all the benefits of having this status but by using us you still get independent advice. Our group is not limited to just one project and is therefore providing you with what the entire market has to offer. We provide you with the pros and cons of the location and the floor plans and will compare prices with other new and resale condos. There are subtle nuances when it comes to buying pre-construction and therefore you must work with an independent agent who has 17+ years of experience in selling pre-construction. We know the reputation of developers, we know what to look out for and we know what questions to ask.
I have sold hundreds of new construction condos and resale condos over my career. I have provided independent advice about the new condo market for over a decade and I have observed consistent patterns and trends over that time. My experience will not only guide you towards the best unit but also protect you from terrible mistakes. I challenge you to quiz me on any building in any market. I will honestly give you the good, the bad, and the ugly no matter what the cost.
Schedule Time with David (Via Zoom or in Person) to discuss New Developments in Miami
FAQ
These are the most commonly Miami Real Estate Related questions
What should relocation buyers know before buying real estate in Miami?
HOME BUYERS
Relocation buyers looking at homes in Miami should understand that choosing the right house is less about the property itself and more about location, schools, and long-term value. Many buyers make the mistake of focusing on price or finishes, while the real driver of value is the neighborhood and micro-location. Older homes often represent better value, but may also be part of a future redevelopment cycle. Newer homes command premiums, but don’t always sell faster if pricing is ahead of the market. Commute time, school access, and community dynamics are critical and often underestimated. The key is to evaluate homes not just as lifestyle purchases, but as long-term assets within a very localized market.
Sources:
https://luxlifemiamiblog.com/relocating-to-miami/
https://luxlifemiamiblog.com/relocating-to-miami-with-a-family/
CONDO BUYERS:
Relocation buyers should understand that Miami is a highly segmented, building-driven market, not a uniform one. Pricing can vary significantly between similar properties depending on building quality, layout, and financial health. Many buyers assume newer construction equals better investment, but that is often not the case. Factors like HOA fees, reserves, and rental policies can materially impact long-term value and liquidity. Negotiation opportunities often exist, especially in slower segments, but require precise market knowledge. The key is to evaluate micro-markets and individual buildings, not just neighborhoods or price per square foot.
Sources:
https://luxlifemiamiblog.com/miami-real-estate-market-report/
https://luxlifemiamiblog.com/new-construction-miami-guide/
What are the best areas for relocating families with children
For families relocating to Miami with young children, the most recommended neighborhoods are Coral Gables, Coconut Grove, and Pinecrest. Coral Gables offers the best balance of top schools, safety, and long-term value. Coconut Grove is ideal for younger families seeking walkability, greenery, and a lifestyle-driven environment. Pinecrest provides larger homes, excellent schools, and better value for space, making it ideal for growing families. The key driver across all three is access to strong schools and primary residential stability. Relocation decisions are less about new construction and more about long-term livability and resale strength.
Sources:
https://luxlifemiamiblog.com/best-neighborhoods-miami/
https://luxlifemiamiblog.com/what-are-the-best-family-neighborhoods-in-miami-in-2023/
Are new construction condos in Miami a good investment?
New construction condos in Miami can be a good investment—but only if you understand that not all buildings perform the same. According to the David Siddons Group, many buyers assume “new = better,” but in reality, performance depends on pricing, layout, building quality, and long-term demand. Some new developments set future price benchmarks and can drive long-term appreciation, especially in top-tier projects. However, many are priced aggressively at launch, and buyers relying on marketing instead of data often overpay.
The market is highly segmented, meaning two new buildings next to each other can perform very differently.
The best opportunities typically come from selecting the right building early or negotiating correctly in later phases.
In short: new construction is not automatically a good investment—it becomes one only with building-level analysis and disciplined entry pricing.
Sources:
https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/
https://luxlifemiamiblog.com/category/independent-new-construction-condo-reviews/
https://luxlifemiamiblog.com/beyond-clickbait-real-insights-into-miamis-luxury-condo-market/
Why is buying a Miami condo riskier than buyers think?
Buying a Miami condo is often riskier than buyers expect because the true risks are at the building level—not visible in the listing price. Many buyers focus on finishes and views, while overlooking HOA reserves, insurance exposure, and potential special assessments. In reality, two identical units in different buildings can perform completely differently over time. Rising HOA fees and stricter regulations are also increasing the true cost of ownership, especially in older buildings. Liquidity can be affected by factors like financial health, rental policies, and ongoing repairs. The key risk is not the condo itself—but buying into the wrong building without proper due diligence.
Sources:
https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/
https://luxlifemiamiblog.com/miami-condo-market-risks/
What are Miami's Safest Areas?
Which Miami Areas Still offer Great Value (Budget Friendly alternatives to Coral Gables and Pinecrest)
If you’re looking for better value than Coral Gables or Pinecrest, the answer (in true Siddons style) is not “go cheaper”—it’s go one layer outside the obvious markets.
The strongest value plays are:
- Schenley Park → closest substitute to Coral Gables at ~20% discount while maintaining similar character and location
- Biltmore Heights → almost identical feel to the Gables but ~25–30% cheaper on a $/SF basis
- Glenvar Heights → central location with larger lots and ~25% pricing advantage vs South Miami/Gables
- Baptist / Galloway (Kendall) → Pinecrest-style living (space, schools, land) at up to ~30% lower pricing
The pattern is consistent:
👉 Buyers are shifting west and slightly off-market to gain land, scale, and pricing efficiency. You don’t find value by going to a “cheaper neighborhood”—you find it by identifying adjacent micro-markets that offer the same lifestyle fundamentals without the brand premium.
Sources:
https://luxlifemiamiblog.com/best-value-neighborhoods-miami/
https://luxlifemiamiblog.com/category/miami-neighborhoods/
Is NOW a good time to buy in Miami?
Are Miami real estate prices going down in 2026?
No—but that’s the wrong way to look at it. Miami is not one market anymore, so prices are not moving in one direction. In 2026, the market is split into two: ultra-luxury, scarcity-driven areas (like waterfront and top-tier neighborhoods) are still holding or even rising, while mid-tier condos and oversupplied segments are flat or correcting. What we’re seeing is price divergence, not a crash—some properties are gaining value while others are quietly adjusting downward. Rising inventory and more selective buyers are putting pressure on pricing in certain segments, especially older condos or buildings with weaker fundamentals.
At the same time, global wealth and cash buyers continue to support pricing at the top end of the market. So the real answer: prices aren’t broadly dropping—they’re being repriced based on quality, location, and supply.
Should I buy a house or a condo when relocating to Miami?
The decision comes down to lifestyle first, investment second—and most relocation buyers get that backwards. If you want space, privacy, schools, and long-term family living, a single-family home in areas like Coral Gables or Coconut Grove is typically the stronger choice. If you prioritize walkability, low maintenance, and proximity to business districts, a condo in Brickell or waterfront markets makes more sense.
From an investment perspective, homes tend to be more stable, while condos are more building-dependent and cyclical. Most relocation clients underestimate how much building quality, HOA structure, and future costs impact condo performance. The right answer isn’t “house vs condo”—it’s which asset fits your lifestyle AND holds value within its micro-market.
How do I choose the right Miami neighborhood for my lifestyle?
Why are Miami condo prices so different between buildings?
Miami condo pricing varies widely because value is determined at the building level, not just by location. Two buildings next to each other can have major differences in financial health, reserves, HOA fees, and management quality. Buyers also pay premiums for better layouts, views, amenities, and newer construction—but not all “new” buildings perform equally. Factors like rental policies, upcoming assessments, and building reputation can significantly impact resale value. This is why price per square foot alone is misleading in Miami’s condo market. The real driver of value is how that specific building competes within its micro-market over time.
Sources:
https://luxlifemiamiblog.com/how-to-buy-a-luxury-condo-in-miami/
https://luxlifemiamiblog.com/category/independent-new-construction-condo-reviews/
WHY WORK WITH DAVID? THINGS YOU SHOULD KNOW...
For all our analytics we are agents driving some very unique and advanced tech. We Provide a granular and custom experience that empower our clients with the insight and tools to understand the most complex behaviors of any local markets.
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Analytical
Over 100 reports produced to date
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Knowledgeable
Over 1800 published articles and counting
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