Raffles Plans First Standalone Branded Residences in Coconut Grove

Raffles Hotels & Resorts, part of the Accor group, has announced Raffles Residences Coconut Grove, a 35-unit waterfront condominium at 2545 South Bayshore Drive in Miami's Coconut Grove neighborhood. Mast Capital and BH Group are developing the project, with Brandon Haw Architecture leading design.

The building will offer two- to four-and-a-half-bedroom residences, including a selection of penthouses, along Biscayne Bay. Prices start at $4.5 million, and sales are anticipated to launch in fall 2026. The brand's previous North American project, Raffles Boston, combined hotel and residential uses, while this Coconut Grove development will operate exclusively as a privately owned residential building.

Residents will receive Raffles services, including Butler Service, and Accor One Living will support development and operations. Owners will also gain access to the Accor Ownership Benefits Program. The article does not disclose a construction start date or completion timeline.

For developers and lenders, the project signals growing demand for branded, service-driven condominiums on scarce waterfront sites, though the schedule for construction remains unconfirmed.