Miami Developer Plans $1 Billion Towers on Last Brickell Key Lot

Swire Properties Inc. is embarking on the final phase of its four-decade-long development of Miami’s Brickell Key. 

The company is spending more than $1 billion to build two towers on the southernmost point of the island. The project, dubbed One Island Drive, will include an 800-foot-tall (244-meter) Mandarin Oriental-branded condo skyscraper with 222 units, including duplex penthouses. A smaller building will have a Mandarin Oriental hotel with 151 rooms, 28 hotel residences and 61 private residences.