One Island Drive

One Island Drive is a new island luxury residential and hospitality destination surrounded by natural beauty, sparkling waters, and the majestic vistas of downtown Miami.
SBI Consultants was retained by Swire Properties to provide cost management services to create One Island Drive, a new residential and hospitality destination on the island of Brickell Key in downtown Miami. Set across 5 acres of the last undeveloped waterfront plot, One Island Drive is comprised of two majestic towers surrounded by an abundance of landscaped greenery. The first tower, The Residences at Mandarin Oriental, Miami, rises to over 800 feet and features 220 two-to-four-bedroom private homes and two exclusive duplex penthouses at the top of the building. The second tower, the iconic Mandarin Oriental hotel, stands approximately 400 feet tall and features 151 guest rooms, 61 private residences and 28 hotel residences. Offering panoramic views of Biscayne Bay, the towers are connected by an expansive, resort-style podium with over 100,000 square feet of luxury amenities including infinity pools, cabanas, private dining rooms, restaurants, and health and wellness facilities.
At the outset of this majestic project, SBI met with Swire team members to develop the cost model and estimate format. In preparing these estimates, SBI relied on its own data using actual construction costs and incorporating current market conditions and trends. These estimates are typically used to test the feasibility of an investment and to guide the project’s overall program and design development. Once this was established, SBI worked closely with the Swire project team to develop a well-defined and developed program and scope that was clearly communicated and documented to participants throughout the development process. Throughout the entire design phase, SBI collaborated closely with Swire Properties’ development team to provide cost estimating and benchmark services.
As a result of SBI’s cost management expertise, One Island Drive is on pace to meet Swire’s vision of a tropical Eden that provides visitors and residents with a new paradigm for living, visiting, and entertaining in Miami.