Miami Developer Seeks $100 Million for Penthouse on Tiny Island
- Swire is building Mandarin Oriental condos on Brickell Key
- Rich newcomers have pushed up prices for high-end real estate
Swire Properties Inc. is seeking $100 million for the penthouse atop a 66-story tower on Brickell Key island, as developers compete over who will smash the record for most expensive condo in Miami.
The company is marketing the penthouse, which can be split into two smaller units, as the “crown jewel” of a four-decade-long project to develop Brickell Key, a man-made island that sits right off the coast of Miami’s financial district, said Swire President Henry Bott.