Two $50 million penthouses, zero floors: Welcome to luxury Miami

Six months after demolishing the Mandarin Oriental Hotel on Brickell Key, its successor is making waves in the real estate market.

Once home to beloved restaurants Mo Bar + Lounge and La Mar, the property was leveled to make way for a two-tower complex that will house the brand’s flagship North American hotel and hundreds of luxury residences.

Local real estate advisors say the Residences at Mandarin Oriental are marketed to ultra-wealthy, upper-level managers from New York and California who are following their companies to South Florida. That includes companies like Palantir and Citadel…

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