Mint developers and Sonesta International Hotels Corp have joined ties to develop ‘The James Hotel & Residences Downtown Miami’ according to Hotel Investment Today. The property is among the many supertall residences planned in Miami, with an estimated construction cost of $850 million for 82 floors of hotel rooms, residences, and parking spots. Specifically, there will be 336 fully furnished residences with approximately 200 units participating in a hotel leaseback program, amenity space, and restaurants that include the highest bar and restaurant in the Americas. Sales for the development will begin in the second quarter of 2025.
Sonesta Hotels, a corporation that racked over $300 million dollars in revenue in 2024 and owns more than 1,100 locations worldwide, will develop the supertall as a sister property to the ‘James Hotel’ in South Beach.
Mint developer’s Daniel Berman says funding is secured for the first round of funding, with groundbreaking on the first quarter of 2026. Mint developers is a collaboration between Big Development, AD1, and To The Stars. ‘The James Hotel & Residences Downtown Miami’ was originally revealed as ‘Two31 Flagler’ a few months ago by Big Development, encapsulating 83 floors and 369 residences rather than a mixed-use orientation of hotel and residences. The supertall will open in late 2028 once planning and construction finalize.
Idea Architects is the project’s designer, with the property’s location at 231 E Flagler St, Miami.