Developer asks for $100M to create lavish 23,000sqft penthouse on top of tiny ... trends now
The developer of a tiny island in Miami is seeking $100 million to build a lavish 23,000-square-foot penthouse right off the coast of the city's financial district.
The penthouse, with its jaw-dropping price tag, could break the record for the most expensive condo in the area, surpassing a pair of penthouses in Miami Beach that were sold for $60 million in 2015.
Offered by Swire Properties Inc., the penthouse dubbed as 'the crown jewel' can be sold either combined or separated into two smaller units.
The 23,000-square-foot duplex will sit atop one of the two Mandarin Oriental-branded towers, featuring a rooftop infinity pool and a private elevator lobby.
'The center of gravity in Miami has shifted to Brickell. We're already seeing a strong response from domestic US buyers,' Swire President Henry Bott told Bloomberg.
The developer of a tiny island in Miami is seeking $100 million to build a lavish 23,000-square-foot penthouse right off the coast of the city's financial district
Offered by Swire Properties Inc., the penthouse dubbed as 'the crown jewel' can be sold either combined or separated into two smaller units. Pictured: a rendering of the penthouse
An amenity podium will connect the two towers, both featuring panoramic oceanfront views
Swire has spent the past 40 years building the secluded island of Brickell Key, investing more than $1 billion in the two high-end towers.
The development features two towers, including the 66-story South Tower topped by the lavish $1 million penthouse.
Prices for a two-bedroom unit start at $4.9million and the residences feature floor plans up to 4,700 square feet, according to Swire's website.
The smaller, 32-story North Tower boasts private condos and hotel rooms in a brand-new Mandarin Oriental hotel.
Swire plans to demolish the existing Mandarin Oriental hotel, which opened in 2000, to make way for the new structure, which is set to become the brand's new North American flagship property.
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