Baccarat Residences Miami has blown past the 40th floor, carving a much sharper profile into the Brickell riverfront skyline as crews drive the planned 75-story tower higher. The reinforced concrete frame and emerging curtain wall now read as a fresh vertical layer where the Miami River meets Biscayne Bay.
Recent aerial shots by photographer Oscar Nunez show formwork and decking reaching the 40th floor while parts of the 39th-floor slab were still being poured, with two tower cranes looming over the site, as reported by Florida YIMBY. The photos also capture the tower’s rippling floor plate geometry starting to stand out from the river, with completed glazing and balcony railings a few levels below the active work decks. In the current skyline, Baccarat is already reading taller than neighboring Viceroy Brickell.
Design team and brand partners
The project is being developed by Related Group in partnership with GTIS Partners and is slated to be managed by SH Hotels & Resorts, according to a developer announcement via PR Newswire. Arquitectonica leads the tower architecture, with John Moriarty & Associates as general contractor. Meyer Davis Studio is handling interiors, while Enzo Enea is directing the landscape design.
Homes, amenities and the riverfront
Project materials and the sales brochure describe a luxury lineup of roughly 360 residences, combining tower homes with riverfront flats and a compact penthouse collection, and highlight more than 75,000 square feet of amenities that include a private marina and a planned 10,000-square-foot waterfront restaurant, per the Baccarat Residences Miami site. Main tower residences are expected to begin above the podium on the 15th floor, while the penthouse collection will crown the upper levels. Amenity spaces are billed to range from a La Mer spa and fitness facilities to multiple pools and riverfront gardens.
Financing and sales
Developers secured a $328 million construction financing package in March 2024, a deal that helped keep the build moving, according to a Berkadia release. Public reporting has also noted that the building was largely presold, with earlier coverage putting sales above 95 percent, a metric lenders cited when underwriting the loan in coverage by The Real Deal and in market releases.
Timeline and what to watch
With structural work now at the 40th floor, roughly 35 stories remain before the tower reaches its planned apex, and reporting from Florida YIMBY suggests a potential topping out later in 2026. Developers and lenders are still targeting an overall completion window in early 2028, so the next visible milestones to watch include a quickening pace of curtain wall installation, additional climbs of the tower cranes, and early activity on the riverfront marina, per Florida YIMBY.
As Baccarat’s glass facade and balcony lines continue to fill in, the tower is positioning itself as one of Brickell’s most conspicuous luxury plays, a visible marker of how the neighborhood’s riverfront is being remade, project by project, into a high-end corridor of statement towers and branded residences.
