Dubai-based DAMAC International has officially broken ground on The Delmore, an exclusive ultra-luxury condominium development situated in Miami’s prestigious Billionaire’s Triangle. Designed by the renowned Zaha Hadid Architects, the project promises to redefine high-end living in South Florida and is anticipated to be completed in 2029.
Key Takeaways
- The Delmore will feature 37 residences across 12 floors, with prices starting at $15 million.
- The development boasts unique amenities, including a suspended lap pool and a resident-exclusive restaurant with a Michelin-starred menu.
- This marks DAMAC International’s significant entry into the U.S. real estate market.
Project Details and Design
The Delmore will rise 12 stories at 8777 Collins Ave. in Surfside, Florida, offering prime beachfront access near Indian Creek. The architectural vision by Zaha Hadid Architects ensures a striking presence, while Hirsch Bedner Associates has curated the interior design. The development will comprise a limited number of residences per floor, with a maximum of four condos on each level. Residences will offer expansive living spaces, averaging 7,000 square feet, while the penthouses will start at an impressive 10,000 square feet.
Unparalleled Amenities
Residents of The Delmore will have access to over 55,000 square feet of world-class amenities. These include a state-of-the-art fitness center, jacuzzi and lounge areas, steam room, and sauna. A standout feature is the 20,000-square-foot meditation garden, offering a serene escape. Adding to the exclusivity is a unique 75-foot-long lap pool suspended 125 feet above the ground, providing breathtaking views. Furthermore, a resident-exclusive restaurant is set to feature a Michelin-starred menu, elevating the culinary experience.
Market Entry and Outlook
The Delmore represents DAMAC International’s strategic expansion into the United States market. The firm brings a wealth of experience, with a global portfolio encompassing over 45,000 luxury residences. Despite broader economic challenges impacting the U.S. condo market, the demand for high-quality residences with exceptional amenities and services remains robust. The ultra-luxury segment, particularly in high-demand areas like South Florida, is expected to maintain its resilience, according to industry outlooks.
Douglas Elliman has been appointed as the exclusive broker responsible for sales at The Delmore, with prices for these exclusive residences starting at $15 million.