Mar 7, 2024 - News

Luxury car high-rises are the latest Miami development trend

Animated illustration of three cranes lifting numbers making a 305.

Illustration: Brendan Lynch/Axios

Miami's skyline is changing all the time. Just look at this side-by-side comparison of Brickell in 2014 versus 2023.

Why it matters: We are launching a weekly real estate bulletin tracking new construction projects, housing trends and other development headlines in our city.

The latest: Car-branded condos and hotels are the latest fad in Miami's real estate world, with new projects on the way from the likes of Mercedes-Benz and Aston Martin.

  • The latest, from Italian supercar maker Pagani, was announced yesterday for North Bay Village.
  • The world's first Pagani Residences, at 7940 West Drive, is a partnership with Miami-based developer Riviera Horizons.
  • The 28-story condominium project will house just 70 luxury residences, with prices starting at $2.4 million. (Only 400 people in the world own a Pagani car, the company says.)
Rendering of the Pagani Residences
Rendering of the Pagani Residences. Photo: WeAreVisuals/Courtesy of Pagani Residences

Catch up quick: Last week, Mercedes announced plans for a 67-story Brickell condo and hotel project at 191 SW 12th St. in partnership with JDS Development, the Miami Herald reports.

Dezer also broke ground last week on the 749-foot Bentley Residences in Sunny Isles, the Herald reports. It will also feature four car elevators, aka Dezervators, and 216 condo units.

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