South Florida is set for a significant transformation as the renowned Mandarin Oriental hotel on Brickell Key prepares for a billion-dollar redevelopment. Scheduled to close by the end of May, this iconic location will pave the way for a new luxury establishment. This change will affect 430 employees who are expected to be laid off during this transition.
The Mandarin Oriental hotel chain, with 41 global locations, began its journey in Hong Kong in 1963. The Miami branch has been a key presence for 25 years but will soon make way for the ambitious One Island Drive project by Swire Properties.
The development will feature an 800-foot tower, housing ‘The Residences at Mandarin Oriental, Miami,’ alongside a new 400-foot-tall hotel offering over 150 guest rooms. Notably, One Island Drive will be the first residential project to emerge on Brickell Key in 15 years. The luxury residences are set to start at $3,500,000, with construction expected to conclude by 2030.
Impact on Daily Life
- The closure of the Mandarin Oriental hotel will lead to job losses for 430 employees, impacting their livelihoods and potentially the local economy.
- Once completed, the new development is likely to attract affluent residents and tourists, potentially boosting local businesses and increasing demand for luxury services.
- Real estate prices in the Brickell Key area may see an upward trend due to the introduction of high-end residences, affecting affordability for current residents.
- Construction activities could lead to temporary congestion and noise, affecting the daily lives of nearby residents and commuters.
- The transformation could enhance Miami’s status as a luxury destination, impacting tourism and the hospitality industry with long-term economic benefits.