MIAMI — A partnership locally based firm Mint Developers, hospitality owner-operator Sonesta International Hotels Corp. and property manager AD1 has unveiled plans for an $850 million hotel and residential project in downtown Miami.
The James Hotel & Residences in Downtown Miami will comprise 336 fully furnished, for-sale residences and roughly 200 hotel rooms. At 82 stories, the project will be the tallest skyscraper in Miami upon completion, according to the developers.
Construction is scheduled to begin in the first quarter of 2026 and to be complete by early 2028, with residential sales expected to launch in the second quarter of this year.
Residents and hotel guests will have access to amenities such as a spa, private cabanas with plunge pools, snow and rain rooms and onsite dining. One of the property’s restaurants will include the highest elevation luxury bar in the Americas. The project will also feature a four-story private club where members will have access to the James Hotel.
Financing details were not disclosed, but Daniel Berman, president and CEO of AD1, stated that the first round of funding has been secured and that Sonesta is directly contributing to the financing of the project. Berman also said that the project represents “a testament to our commitment to redefining luxury hospitality and creating unforgettable experiences.”
Sonesta has approximately 1,100 hospitality properties totaling 100,000 guestrooms across 13 brands in eight countries. The Massachusetts-based firm is the eighth largest hotelier in the United States, according to Smith Travel Research.
Mint Developers represents a collaboration between AD1, Big Development and To The Stars. The partnership has developed and/or managed more than 5,000 units since its inception.
— Taylor Williams