Journal · In the News
By Josh Stein · Florida license SL3057661 · Updated 15 November 2026
On the record: Raffles Residences Coconut Grove is a planned 35-home condominium at 2545 South Bayshore Drive in Miami’s Coconut Grove, developed by Mast Capital and BH Group with Brandon Haw Architecture leading the architecture. Accor’s 29 October 2026 press release says homes are priced from $4.5 million and calls it the first standalone Raffles residential development. Fortune reports the building has no hotel. As of 14 November 2026, no source I could open gives a completion date.
Key facts
- Name: Raffles Residences Coconut Grove (Accor press release, 29 October 2026).
- Address: 2545 South Bayshore Drive, Coconut Grove, Miami (same release).
- Developers: Mast Capital and BH Group. The legal entity on the developer’s website, read 14 November 2026, is MC-BH Bayshore Park Owner, LLC.
- Architect: Brandon Haw Architecture. Banda Studio and Enea Landscape Architects are also named on the developer’s legal page, which does not say what each does.
- Residences: 35, with “a limited offering of penthouses.” The developer’s site says two to four bedrooms.
- Height: 10 stories, per the Miami Herald (Luisa Yanez, 4 November 2026).
- Price: from $4.5 million, per the Accor release of 29 October 2026 and the developer’s site on 14 November 2026.
- Status: a priority interest list was open on the developer’s site on 14 November 2026. Construction had not started in any source I read.
Where is Raffles Residences Coconut Grove?
The address is 2545 South Bayshore Drive in Coconut Grove, according to Accor’s release. The developer’s own homepage does not print a street address. It says only Coconut Grove. Accor’s release and Fortune (Sydney Lake, 29 October 2026) both describe the homes as waterfront. That is their word, not mine. The developer’s legal page, read 14 November 2026, says “No view is guaranteed,” so I would ask for the view from a specific residence in writing.
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Who is building it?
Accor says the project is “Developed by Mast Capital and BH Group,” and names Raffles Hotels & Resorts, part of Accor, as the brand. The developer’s legal page says the developer uses the Raffles name under a limited, non-exclusive license and that the licensor makes no representations about the units or the project. In plain terms, Raffles is the brand on the building. The developer is the company that sells you the home.
What is it, and how big?
The release describes “an intimate collection of just 35 private residences,” crowned by a limited offering of penthouses. The Miami Herald, in a story dated 4 November 2026 and carried by hotel-online.com, reports a 10-story building with 35 residences. I could not find a floor count from the developer, so I treat 10 stories as one newspaper’s figure until the offering documents confirm it.
What do the residences cost?
From $4.5 million, per the Accor release dated 29 October 2026. The developer’s site shows the same “from” figure on 14 November 2026. A “from” price is the entry point, not a price list. No price per square foot, deposit schedule or penthouse price is published in what I read.
When will it be finished?
Not confirmed. Fortune reported on 29 October 2026 that the developers plan to collect presales and “start construction sometime next year.” Neither the Accor release, the developer’s site nor the Miami Herald story gives a completion year. The developer’s legal page also says all construction is subject to first obtaining the required federal, state and local permits.
What is the status of sales?
The sources do not agree. Accor said on 29 October 2026 that sales were “anticipated to launch this Fall.” Fortune said the same day that sales would launch that Thursday. The Miami Herald said on 4 November 2026 that homes “will go on sale soon.” The developer’s site on 14 November 2026 offers a priority interest list and does not say whether contracts can be signed. I have not seen a sales gallery address, a floor plan set or a price sheet.
What is planned inside?
The developer’s site describes terraces deep enough to live outdoors and interiors in stone and wood. Fortune lists a restaurant, a spa and a fitness center, and says the building has no hotel. Accor says owners receive global VIP recognition and Elite membership in its ALL Accor loyalty program. No amenity floor plan or square footage is published.
Another branded project in Coconut Grove
For another branded new building in Coconut Grove, see Four Seasons Private Residences Coconut Grove, where I keep its facts and sources.
What we still don’t know
Not announced as of 14 November 2026, in the sources I could open:
- A completion date from the developer.
- Residence sizes and floor plans.
- A price list beyond “from $4.5 million,” and the penthouse prices.
- Deposit schedule, monthly fees and rental rules.
- A building permit or city approval number. I did not search the city’s permit file for this note.
- A sales gallery address.
Where to go from here
The project’s facts and sources are on the Raffles Residences Coconut Grove page, and the county record for the site is in the 2545 South Bayshore Drive county record. For the area, see Coconut Grove condos, and for everything in the pipeline see Miami new construction.
FAQ
How many residences are in Raffles Residences Coconut Grove?
35, according to Accor’s 29 October 2026 release, plus a limited offering of penthouses.
How much do the homes cost?
From $4.5 million, per Accor’s release of 29 October 2026 and the developer’s site on 14 November 2026. No full price list is public.
Who is the developer?
Mast Capital and BH Group, through MC-BH Bayshore Park Owner, LLC, per the developer’s site. Accor and Raffles license the brand and are not the developer.
Is there a hotel in the building?
No, according to Fortune (29 October 2026), which says it will have no hotel and no overnight guests. Accor describes it as the first standalone Raffles residential development.
When is completion?
Not confirmed. No source I could open gives a date as of 14 November 2026.
Can I buy now?
The developer’s site offers a priority interest list. Reports differ on when sales open, so ask for the offering documents before you rely on any date.
Josh Stein is a sales associate with LoKation Real Estate. Questions about Coconut Grove new construction? Call or WhatsApp (305) 695-8257.
Sources: Accor press release, 29 October 2026; rafflesresidencescoconutgrove.com and its legal page, read 14 November 2026; Fortune, Sydney Lake, 29 October 2026; Miami Herald, Luisa Yanez, 4 November 2026 (read as carried by hotel-online.com). Accor is not the developer and does not sell the residences; the developer uses the Raffles brand under license (developer’s legal page). Renderings are not shown here. ORAL REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY STATING THE REPRESENTATIONS OF THE DEVELOPER. FOR CORRECT REPRESENTATIONS, MAKE REFERENCE TO THIS BROCHURE AND TO THE DOCUMENTS REQUIRED BY SECTION 718.503, FLORIDA STATUTES, TO BE FURNISHED BY A DEVELOPER TO A BUYER OR LESSEE. Prices, plans and features are the developer’s and subject to change. Josh Stein is not the developer or its agent.
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