Raffles Announces First Standalone Branded Residences With 35-Unit Waterfront Development In Coconut Grove, Miami

Raffles Hotels & Resorts, part of the Accor hospitality group, has announced plans for Raffles Residences Coconut Grove, a 35-unit waterfront condominium development at 2545 South Bayshore Drive in Miami’s Coconut Grove neighborhood. The project is being developed by Mast Capital and BH Group, with architecture by Brandon Haw Architecture. The development will mark the hospitality brand’s first standalone residential property, offering private residences without an accompanying hotel component.

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Developers Secure $220 Million Predevelopment Loan For Oceanfront Condominium Project In Key Biscayne

Terra and Fortune International Group have secured a $220 million predevelopment loan from Blackstone Real Estate Debt Strategies (BREDS) for a planned oceanfront condominium development at 301 Ocean Drive in Key Biscayne, Florida. The project is planned for the 4.25-acre former Silver Sands Beach Resort property, which the developers acquired for $205 million in 2025. Touzet Studio and ODP are designing the development, which will feature tropical-modern architecture, expansive residences, and landscaped outdoor spaces.

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