Miami’s two most dynamic development corridors — Brickell and Edgewater — are delivering a series of milestones in June 2026 that signal both the maturity of existing projects and the ambition of what is coming. For international buyers tracking the market from a distance, the current moment offers an unusual combination: delivered inventory to evaluate, early-stage opportunities to consider, and a market context that continues to favor long-term positioning.
Brickell: Viceroy Delivers, Mandarin Oriental Advances
The most significant delivery of the month is Viceroy Brickell, the world’s first residential building with the Viceroy brand. After receiving its Temporary Certificate of Occupancy in May, the 45-story tower designed by Arquitectonica is welcoming its first owners. With 420 residences ranging from 45 to 119 square meters, the building offers studio to two-bedroom layouts with interiors by Meyer Davis Studio, a 3,400-square-meter amenity package, a private marina, and access to the Miami Riverwalk. Owners may rent their residences up to 12 times per year with a minimum 30-day stay.
Also in Brickell, the Mandarin Oriental Brickell Key project has opened its North Tower sales gallery. The development, which will occupy a 2.8-acre site on Brickell Key, is planned as a two-tower complex with 228 residences in the North Tower and additional units in the South Tower. Residences range from two to five bedrooms, with prices starting at $3.9 million. Construction is expected to begin in fall 2026, with delivery anticipated for 2030. The Baccarat Residences Brickell, another branded development in the corridor, continues construction with delivery expected in late 2026.
Edgewater: LILLI Launches, Setting a New Standard for Boutique Living
In Edgewater, the most notable launch is LILLI Miami Edgewater by OKO Group. With 53 floors and only 117 residences, LILLI is a boutique development designed by Adrian Smith + Gordon Gill Architecture, with a wellness-focused amenity package that includes a 12-meter saltwater pool, cold plunge and infrared sauna spa, a dedicated Lifestyle and Wellness Director, and a sunset garden. Units range from 125 to 650 square meters, with prices starting at $1.65 million. Construction is scheduled to begin in the second quarter of 2027, with delivery in 2029.
Also in Edgewater, Pagani Residences North Bay Village has broken ground in June 2026. The Pagani-branded development offers residences in two towers starting at $3.9 million, with construction underway. For buyers who missed the pre-construction pricing window on earlier Edgewater projects, LILLI and Pagani represent the current opportunity set in the neighborhood.
How to Evaluate These Opportunities
For buyers considering these developments, the evaluation framework should go beyond brand recognition. The key questions are: What is the developer’s track record? What is the location’s long-term demand profile? How does the pricing compare to comparable delivered product? And what is the realistic timeline to delivery and occupancy?
Viceroy Brickell is now a delivered product, which means buyers can evaluate the actual building rather than renderings. This is a significant advantage for buyers who want to see what they are purchasing. The rental program also makes it attractive for investors who want income potential while maintaining the option to use the residence personally.
LILLI Edgewater’s boutique positioning — 117 residences in a 53-story tower — creates a density profile that appeals to buyers who want a more exclusive environment than larger developments offer. The wellness focus differentiates it from the broader Edgewater market and targets a specific buyer profile willing to pay a premium for that positioning.
Contact Faccin Investments to explore the most interesting new development opportunities in Brickell, Edgewater, and beyond. Our specialists can help you evaluate projects, compare developer track records, and identify the right option for your investment or lifestyle objectives.
Frequently Asked Questions
What new developments are launching in Brickell in 2026?
Key projects include Viceroy Brickell (delivered), Baccarat Residences (under construction), and Mandarin Oriental Brickell Key (North Tower sales gallery open).
What is LILLI Miami Edgewater?
A boutique 53-story, 117-unit development by OKO Group in Edgewater, with a wellness-focused amenity package and prices starting at $1.65 million. Construction is scheduled to begin in Q2 2027.
Is Edgewater a good area to buy in Miami?
Edgewater has become one of Miami’s most dynamic waterfront neighborhoods, with direct bay access, proximity to Wynwood and Brickell, and a pipeline of high-quality new developments.
When will Mandarin Oriental Brickell Key be delivered?
The North Tower sales gallery is open. Construction is expected to begin in fall 2026, with delivery anticipated for 2030.
