At a glance
Where it stands
Under construction · 2027
12.2% sold
Price from
$756K
UnconfirmedResidences
821
about 12 per floorFloors
67
SHoP ArchitectsResidence size
461–2,103
sq ftThe money
- Per sq ft
- not published
- HOA
- $2/ft²/mo
- Deposit escrow
- not published
- Construction loan
- $86M
Lender: Maxim Capital Group; the reported $86 million loan was later transferred to CWRE SSF Flamingo Capital, LP, a Cottonwood affiliate.
A 67-Story Mercedes-Benz Address Rising in Brickell
Mercedes-Benz Places pairs a global automotive brand with a 67-story, 821-unit tower designed by SHoP Architects on a prime Brickell site. Pricing sits at the low end of the neighborhood band and construction is underway for a 2027 completion, but only 12.2% of units are sold and the project's own construction lender has moved to foreclose.
01The building
JDS Development Group is building Mercedes-Benz Places Miami at 1133 SW 2nd Avenue in Brickell — a 67-floor, 821-unit tower designed by SHoP Architects, with interiors by Woods Bagot. It carries the Mercedes-Benz Places name, the automaker's branded-residence platform, licensed to real estate rather than built by the brand itself.
Construction is underway, with completion targeted for 2027. Sales are early: just 12.2% of the 821 units are reported sold to date, a modest figure for a tower this far along in its marketing cycle.
The site sits on an interior Brickell parcel rather than directly on the water. Two nearby proposed towers — Millux Place at 9 floors and Season One at 21 floors — are both far shorter than this building's 67 floors, and are described only as partial view impacts rather than real threats to its sightlines.
02The residences
Units range from 461 to 2,103 square feet, priced from $755,900 to $3,260,775. No price-per-square-foot figure is published directly, but the range implies roughly $1,550–$1,640 per square foot — the low end of Brickell's cited $1,500–$2,600 band, reasonable entry pricing for a branded, SHoP-designed tower, though the low sell-through means the market hasn't yet confirmed that price with volume.
Interiors are by Woods Bagot, and residence terraces run five feet deep — real outdoor space rather than a token balcony. Beyond that, finish packages, included appliances, and the specific floor-plan mix aren't detailed in what's published; ask sales directly for unit-by-unit specification.
03Amenities and the life here
The amenity list leans hard into the automotive theme: a custom Mercedes-Benz race-car simulator, Mercedes-Benz house cars, padel courts, a basketball court, a rooftop pool exclusive to residents, and sun and garden pools with towel and food-and-beverage service. Wellness runs deep — hot, dry and infrared saunas, an onsen ritual circuit, a Himalayan salt room, an aromatherapy room, a steam room. Dining and social space includes two signature restaurants, the Silver Arrow Lounge, a cocktail bar, a chef's kitchen with private dining, a screening room and a recording studio — closer to a private-club stack than a standard condo amenity floor.
Family and outdoor life get real space too: a children's playground, a dog run, a water feature, a kids' room, co-working space and a library, and an outdoor kitchen and dining area, plus a direct connection to the reimagined Southside Park (close to two acres) and the UnderLine. Parking runs through a double-helix garage design with EV charging and ride-share access. Brickell around it continues to add density and public realm investment along the UnderLine corridor.
04Developer and brand
JDS Development Group, founded in 2002 and based in Miami, is a credentialed builder: Walker Tower and 111 West 57th Street in Manhattan are both delivered, and Monad Terrace in Miami Beach, completed in 2020, is JDS's one Miami-Dade condo TCO on record. That gives the firm genuine local delivery experience, not just a design portfolio.
The Mercedes-Benz brand partnership sits alongside SHoP Architects on design and Woods Bagot on interiors. Construction financing for this project began as an $86 million loan from Maxim Capital Group; that loan has since been transferred to CWRE SSF Flamingo Capital, LP, a Cottonwood affiliate. What that transfer has led to — and what it means for buyers — is addressed in The deal, below.
05The deal
Deposits run 20% at contract, 10% at 180 days, 10% at the residence (structural) milestone, 10% at top-off, and the 50% balance at closing — a front-loaded schedule well above Flor
Written from the verified ledger above. Where a figure is not published, this report says so rather than estimating. How this works
Seven categories, each scored from the sources shown on this page. How we score.
Mercedes-Benz Places pairs a strong brand and prime Brickell address with real financing distress: the $86M construction loan, now held by a Cottonwood affiliate, is the subject of an open foreclosure action alleging an $80.4M default, and a separate investor suit seeks to remove JDS's Michael Stern from project control. Only 12.2% of units are sold. Pricing looks reasonable against the neighborhood band, but delivery and buyer protection both hinge on how the lender dispute and investor litigation resolve.
Only 12.2% of the 821 units are reported sold, and the $86M construction loan — originally from Maxim Capital, later transferred to a Cottonwood affiliate — is now the subject of a foreclosure action alleging an $80.4M unpaid balance past the January 2025 maturity. Brand pedigree (Mercedes-Benz, SHoP Architects) exists but the rubric caps lender-trouble situations at ≤4 regardless of brand strength.
Construction is underway with a recorded $86M loan, but that loan is now the subject of an open foreclosure action (lender alleges $80.4M owed past the January 2025 maturity), and a contractor (Capital Glass) has filed a separate construction-related claim against the project entity — open project-scope litigation caps this category by rule. This is materially worse than 'under construction with undisputed financing.'
JDS has one Miami-Dade condo TCO on file (Monad Terrace, 2020) plus delivered NYC towers (Walker Tower, 111 West 57th), which supports genuine build capability. But JDS is cited for a $240M mezzanine-loan default on Brooklyn Tower (2024), and is now named in an investor suit (GV Development/Vacchi) alleging fraudulent inducement and seeking Michael Stern's removal from this project, plus the open Cottonwood foreclosure tied to the same principal entity. That pattern of capital-structure disputes pulls an otherwise-credentialed sponsor down from the 8-9 tier.
1133 SW 2nd Avenue sits in Brickell, a prime neighborhood by the rubric's own baseline. No direct water frontage is cited, so this is an interior prime site rather than a 9-10 waterfront parcel. Nearby proposed towers (Millux Place at 9 floors, Season One at 21 floors) are both far lower than this 67-floor building and are described only as 'partial' view impact, not a cited specific threat to the tower's own views.
Listed prices ($755,900–$3,260,775) against the stated unit-size range (461–2,103 sqft) imply roughly $1,550–$1,640 per square foot, which sits at the low end of the cited Brickell band of $1,500–$2,600 — reasonable pricing for a branded tower with SHoP architecture. But at only 12.2% sold, the market has not yet validated that price with volume, so this isn't a >70%-sold confirmation case.
Brickell has a deep resale and rental market, and the Mercedes-Benz brand carries recognition that should support demand. The 821-unit count is large for the neighborhood and could add resale competition within the building itself once delivered. Rental/short-term policy is unpublished, which is a flag, not a deduction.
The deposit schedule (20% at contract, rising to 50% at closing) exceeds Florida's statutory 10% escrow floor, but the escrow treatment of the excess is unpublished (flag, no deduction on its own). What does drive the score down is that the project's own construction lender has filed to foreclose alleging an $80.4M default, and a separate investor suit alleges fraudulent inducement over invested funds — both point to real uncertainty about what happens to buyer money if the project stalls before closing.
- 20%At contractAt contract
- 10%Second deposit180 days from signed contract
- 10%Residence levelAt residence level
- 10%Top-offAt top-off
- 50%Closing balanceAt closing
Florida escrows only the first 10% of a deposit by statute. Escrow terms above that are not published for this project, so the remainder may be spent on construction and is only as protected as the developer's balance sheet.
Pool and wellness
Dining and social
Outdoor and family
© OpenStreetMap · CARTO
Mercedes-Benz Places MiamiBlocksPartialNo impact
Height of each mark reflects storeys. Distance from centre reflects proximity.
Verbatim, as published. We quote; we do not paraphrase, score or summarise sentiment.
An unmatched selection of wellness amenities at Mercedes-Benz Places in Miami engage the senses and speak to every interest.
Multi-level common spaces spanning over 130,000 square feet bring together the residents and community.
We are fully committed to the long-term success of the project and we remain focused on completing it to the highest standard of excellence.
We're delighted to be launching the second tower at Mercedes-Benz Places in Miami – the international demand and sales to date have been extremely positive. It is a privilege to work with Mercedes‑Benz to create a brand new, design-led community for the future, underpinned by sustainable building methods. Mercedes-Benz Places in Miami is set to change the skyline of Brickell and create an entirely new neighborhood in one of the world's most exciting real-estate markets.
The architecture of Mercedes-Benz Places in Miami reflects the timeless tradition of our Design Philosophy of Sensual Purity and infuses iconic potential into luxury living.
With construction of Mercedes-Benz Places in Miami well underway, we are laying the foundation for one of the most ambitious and innovative residential projects in Florida. Together with our partner, JDS Development Group, we will showcase outstanding architecture, which is undeniably Mercedes-Benz and deliver a community experience that is second to none.
It is a privilege to work with Mercedes-Benz and move beyond a traditional residential building to create a new community for the future. Underpinned by sustainable building methods and design, Mercedes–Benz Places in Miami will create a legacy not just for Brickell, but Florida as a whole.
Our branded real-estate venture in Miami embodies the strategy behind Mercedes-Benz Places. We want to develop exclusive residences with our partner that are undeniably Mercedes-Benz and create a new mode of urban living with vibrant communities. Ultimately, we want to create places to come home to, in a location worth living in.
Legal and financial signals
Concerning this project 3
3 open matters. These count toward the delivery-risk score.
| Type | Case | Filed | Parties | Reported allegation | Status |
|---|---|---|---|---|---|
| Civil case | record | — | Capital Glass of Miami Corp. v. 191 SW 12 Owner LLC. | Capital Glass, identified as a contractor, sued to enforce a construction-related claim against 191 SW 12 Owner LLC, identified as the owner. | Complaint filed in the Circuit Court of the Eleventh Judicial Circuit in Miami-Dade County; no further disposition was stated in the available record. |
| Civil case | record | — | 191 SW 12 Owner LLC v. CW Investment Advisers LLC, CWRE SSF Flamingo Capital LP, Cottonwood Management LLC, and related Cottonwood entities. | 191 SW 12 Owner LLC alleged that Cottonwood violated a nondisclosure agreement and used confidential project information while negotiating and communicating with the original lender; the complaint was characterized as a fraudulent-inducement dispute. | Filed in Miami-Dade County Circuit Court; no further disposition was stated in the available record. |
| Civil case | record | Jun 1, 2026 | GV Development Group LLC, an entity controlled by Gianluca Vacchi, v. Michael Stern and 12 entities he manages. | Vacchi alleged fraudulent inducement and alleged that Stern used new investments for other projects and his own pocket. Vacchi reported investing $30 million in Mercedes-Benz Places Miami and sought removal of Stern from control of the project and repayment of a $42.5 million investment. | Reported as filed in Miami-Dade County Circuit Court; the available report did not state a final disposition. |
Concerning JDS Development Group, elsewhere 1
These matters involve the developer or an affiliate at other properties, not Mercedes-Benz Places Miami. They inform the developer track-record score and are listed here for completeness.
- Civil case Other property
CWRE SSF Flamingo Capital, LP v. 191 SW 12 Owner LLC et al.; CWRE SSF Flamingo Capital, LP was the plaintiff and 191 SW 12 Owner LLC the named defendant.. The lender alleged that the developer defaulted by failing to repay the loan by the January 15, 2025 maturity date and owed approximately $80.4 million in principal, interest, and fees. Reported as open in the available case record; the reported action was a foreclosure lawsuit. source
Allegations in a filing are unproven and the outcome is for a court to decide. Entries are drawn from public records and reputable reporting; they are not a judgement on any project, developer or party.
Sources 20 17 verified
Every published figure on this page, with where it came from and when it was retrieved. Figures we could not confirm from a first-party or public source are marked unconfirmed and are excluded from the score.
| Field | Value | Source | Retrieved | Confidence |
|---|---|---|---|---|
| architect | "SHoP Architects" | jdsdevelopment.com Developer | Aug 30, 2026 | Verified |
| completion estimate | "2027" | jdsdevelopment.com Developer | Aug 30, 2026 | Verified |
| construction lender | "Maxim Capital Group; the reported $86 million loan was later transferred to CWRE SSF Flamingo Capital, LP, a Cottonwood affiliate." | bisnow.com Press | Aug 30, 2026 | Verified |
| construction loan usd | 86000000 | bisnow.com Press | Aug 30, 2026 | Verified |
| deposit schedule | [{"stage":"At contract","pct":20,"when":"At contract"},{"stage":"Second deposit","pct":10,"when":"180 days from signed contract"},{"stage":"Residence level","pct":10,"when":"At residence level"},{"stage":"Top-off","pct":10,"when":"At top-off"},{"stage":"Closing balance","pct":50,"when":"At closing"}] | dropbox.com News | Aug 30, 2026 | Verified |
| developer | "JDS Development Group" | jdsdevelopment.com Developer | Aug 30, 2026 | Verified |
| floors | 67 | jdsdevelopment.com Developer | Aug 30, 2026 | Verified |
| hoa per sqft month usd | 1.53 | miamipre.com News | Aug 30, 2026 | Verified |
| interior designer | "Woods Bagot" | jdsdevelopment.com Developer | Aug 30, 2026 | Verified |
| official name | "Mercedes-Benz Places Miami" | jdsdevelopment.com Developer | Aug 30, 2026 | Verified |
| pct sold | 12.2 | media.mbusa.com News | Aug 30, 2026 | Verified |
| price from usd | 755900 | miamiresidential.com Aggregator | Aug 30, 2026 | Unconfirmed |
| price per sqft avg usd | 343 | miamiresidential.com Aggregator | Aug 30, 2026 | Unconfirmed |
| price to usd | 3260775 | miamiresidential.com Aggregator | Aug 30, 2026 | Unconfirmed |
| status | "under_construction" | jdsdevelopment.com Developer | Aug 30, 2026 | Verified |
| street address | "1133 SW 2nd Avenue, Miami, FL" | jdsdevelopment.com Developer | Aug 30, 2026 | Verified |
| summary | "The published schedule requires 20% at contract, three additional 10% installments tied to time and construction milestones, and the remaining 50% at closing. The project’s named developer is 191 SW 12 Owner LLC; the project website identifies Crown Star Holdings Ltd. and 191 SW 12 Owner LLC as license parties and identifies JDS Development Group as the development group, while the offering material states that JDS is not the project developer. The reported acquisition and construction financing was an $86 million loan from Maxim Capital Group, later transferred to CWRE SSF Flamingo Capital, an affiliate of Cottonwood Group. Publicly reported or filed disputes include the lender’s foreclosure action, 191 SW 12 Owner LLC’s action alleging fraudulent inducement against Cottonwood-related entities, a construction-enforcement action by Capital Glass, and Gianluca Vacchi’s investment-fraud action involving Mercedes-Benz Places and other projects." | dropbox.com News | Aug 30, 2026 | Verified |
| total units | 821 | jdsdevelopment.com Developer | Aug 30, 2026 | Verified |
| unit sqft from | 461 | miami.mercedesbenzplaces.com Developer | Aug 30, 2026 | Verified |
| unit sqft to | 2103 | miami.mercedesbenzplaces.com Developer | Aug 30, 2026 | Verified |