Raffles picks Coconut Grove for its first homes without a hotel: 35 private residences
· Announced October 29, 2026
Raffles, the luxury hotel brand owned by Accor and famous for its 1887 hotel in Singapore, has picked Coconut Grove for its first residences anywhere without a hotel attached: 35 private homes on South Bayshore Drive.
Real estate × Hospitality
A hotel brand, but no hotel
Most branded residences sit inside or next to a hotel. Here, there will be no hotel and no overnight guests: the building is planned entirely for owners, with a restaurant, a spa, a fitness center and a rooftop pool deck.
The developers are Mast Capital, a Miami real estate investment and development firm, and BH Group, a Miami developer. The building is designed by architect Brandon Haw, and sales launched on October 29.
This is an announcement, not a building under construction: construction is expected to start next year, and no completion date has been given.
Why it’s good, in plain words: a world-famous hotel brand choosing Coconut Grove for a first-of-its-kind project puts the neighborhood on the global luxury map. For the area, it means a new high-end building with services usually found only in hotels, and more international attention on one of Miami’s greenest waterfront neighborhoods.
- Project
- Raffles Residences Coconut Grove
- Address
- 2545 South Bayshore Drive, Coconut Grove
- Homes
- 35 private residences, homes only, no hotel
- Developers
- Mast Capital and BH Group
- Architect
- Brandon Haw Architecture
- Status
- Announced; construction expected to start next year
- Pricing
- To be confirmed
What it means for Miami · Our view
Branded residences keep spreading in Miami, and this one is unusual: the brand without the hotel. Follow it from sales to groundbreaking.
Still to be confirmed
Permits, financing, groundbreaking and completion dates.
Sources
- Accor press release, October 2026
- Fortune, October 29, 2026
- Hotel Business, October 29, 2026
Want to know more?
Ask Cathy Mai Phung, founder and editor-in-chief of Miami Reimagined.