Highest-Priced Miami Pre-Construction Condos: Baccarat Residences Brickell

Baccarat is the French crystal house founded in 1764, and the brand already has a hotel and residences on West 53rd Street in Manhattan, which Florida YIMBY describes as this project's sister development. Baccarat Residences Brickell is the brand's Miami project: a 75-story condominium tower at the mouth of the Miami River, marketed at 444 Brickell Avenue and permitted at 99 SE 5th Street. Related Group and GTIS Partners are developing it, and SH Hotels & Resorts will manage the property.

The tower is under construction. Florida YIMBY reported in March 2026 that the structure had passed the 40th floor, with topping out expected later in 2026 and overall completion in early 2028. As of October 2026 we found no reliable report of a topping out, certificate of occupancy or closings.

This profile is part of our highest-priced Miami pre-construction condo series.

The Quick Take

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Where the Project Stands (October 2026)

Unit counts differ slightly between sources. The 2024 loan coverage described 355 units including 8 penthouses, while Florida YIMBY's 2026 report lists 360 residences. Ask the sales team for the current condominium count.

Why It Sits Near the Top of the Brickell Market

Three reasons Baccarat is in the trophy conversation despite its higher unit count:

1. Brand positioning. Baccarat already operates a hotel and residences in Manhattan, so the brand is a known quantity for branded-residence buyers.
2. Riverfront product mix. Alongside the tower, Baccarat adds 28 riverfront flats and duplexes along the Miami River and its waterfront promenade, a lower-density product within the same project.
3. Development and operating team. Related Group has delivered many Miami condo towers, and financing and presales were in place by 2024. SH Hotels & Resorts, the Starwood Capital-affiliated operator behind 1 Hotels and Treehouse Hotels, will manage the building.

Pricing and Availability

We have not found current developer pricing or a deposit schedule from the developer or reliable press, so we don't publish a price range here. The bigger issue is supply. With the project reported more than 95% presold in 2024, little developer inventory may be left.

If you're shopping today:

• Ask the sales team which residences, if any, remain with the developer and what the contract deposit schedule is.
• Ask whether contract assignments (resales of pre-construction contracts before closing) are allowed and on what terms.
• Price the 28 riverfront flats and duplexes as a separate product line. They are a lower-density product that may appeal to a different buyer than the tower.

What Makes the Product Different

Concrete differentiators versus typical Brickell pre-construction:

• Three product types in one project: tower, a penthouse tier on the upper three levels and 28 riverfront flats/duplexes
• Direct Miami River frontage with a waterfront promenade
• Shifting floor plates that give the facade a rippling profile, with mostly floor-to-ceiling glass and continuous balconies
• Meyer Davis interiors and Enzo Enea landscape design along the river

Reported amenities total more than 75,000 square feet:

• Social lounges
• Fitness center
• La Mer spa facilities
• River-view pool deck
• Private marina with a residents' yacht
• 10,000-square-foot waterfront restaurant

Buyer Fit

Baccarat is a fit for:

• Buyers cross-shopping branded Brickell residences against Cipriani Residences Miami, 1428 Brickell and 619 Brickell (Nobu Residences)
• International buyers who value a recognizable brand at resale
• Owners specifically targeting the riverfront flat/duplex product rather than a tower unit
• Boat owners drawn to a river location with a private marina

It's probably not the right fit for:

• Buyers who want oceanfront. Baccarat is riverfront and skyline product
• Buyers who want a very small, members'-club-style building (Casa Cipriani and Six Fisher Island fit that need)
• Investors counting on short-term-rental income before the rental policy is confirmed in the condominium documents

How It Compares to Other Brickell Pre-Construction

To see the operator's residential service in a finished building, look at 1 Hotel & Homes, the residences at 1 Hotel South Beach, which SH Hotels & Resorts also operates. Baccarat's differences are its Brickell location, new construction and the riverfront product line.

The Risk Side

Specific to Baccarat:

• Schedule. Completion is expected in early 2028, but no topping out had been reported by reliable press as of October 2026. Schedules can slip during finishing work and the certificate of occupancy process.
• Limited inventory. With most units presold, the choice of lines and floors from the developer may be narrow.
• HOA carrying cost. Monthly fees for a 75-story tower with branded management, a marina and a large amenity program haven't been published. Get the proposed budget before you sign.
• Resale liquidity by component. Tower, penthouse and riverfront residences will trade differently.
• Brickell carrying-cost trends. Check current insurance, tax and assessment trends for new Brickell condos.

Bottom Line

Baccarat Residences Brickell brings an established team to a branded residential project under construction in Miami: Related Group and GTIS Partners as developers, SH Hotels & Resorts management, Arquitectonica architecture, Meyer Davis interiors and Enzo Enea landscape, with three product types on the Miami River. The tower passed 40 floors in March 2026 and is expected to be completed in early 2028.

The main questions for a buyer now are what inventory is left, on what terms and at what carrying cost.

More From the Highest-Priced Pre-Construction Series

• Six Fisher Island: private-island residences
• Ritz-Carlton Residences South Beach
• Shore Club Private Collection: Auberge + Robert A.M. Stern
• Casa Cipriani Mid-Beach: members'-club residences
• Rivage Bal Harbour: SOM-designed oceanfront condos
• Waldorf Astoria Residences Miami: 100-story supertall
• The Perigon Miami Beach: OMA-designed Mid-Beach oceanfront
• 888 Brickell by Dolce & Gabbana: fashion-branded supertall
• Mandarin Oriental Residences Miami: KPF-designed Brickell Key