The James Hotel & Residences: building rendering
Now selling

The James Hotel & Residences

By 40 NE Property, LLC; The James brand licensed from Sonesta International Hotels · Downtown · Delivery 2030

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Sales phase
Now selling
Delivery
2030
Residences
411
Floors
101
Developer
40 NE Property, LLC; The James brand licensed from Sonesta International Hotels
Architect
Idea Architects

Sales status verified Oct 14, 2026Prices, dates and specifications come from the developer and can change.

Overview

The James Hotel & Residences Miami is a 101-story tower in downtown Miami, described as part of the Miami Supertall Quarter. Its 411 residences include fully furnished homes, with city views and design shaped by an international team of architects and interior designers. The building combines residential living with hotel services and hospitality management.

Amenities include resort-style pools, a spa, dining, and a private club. The sport and social club features seven indoor padel courts, wellness and oxygen chambers, yoga and Pilates studios, a fitness center, a speakeasy cocktail bar, and co-working spaces. Select residences have access to a three-story sky lounge and rooftop club with a destination spa, private cabanas, and plunge pools, alongside an open-air rooftop restaurant.

  • 101-story tower in downtown Miami
  • 411 residences, including 317 fully furnished units
  • Unobstructed Miami skyline views
  • World’s first indoor multi-level padel club
  • Three-story sky lounge and rooftop club
  • Opening in 2030
Completion date & construction timeline

Completion estimates come from the developer and move with construction; we update this page as milestones are reported.

Amenities

  • Resort-style pools
  • World-class spa with Snow and Rain Rooms
  • Private cabanas with plunge pools
  • Indoor multi-level padel club with seven courts
  • Wellness and oxygen chambers
  • Yoga and Pilates studio
  • Speakeasy cocktail bar
  • Elite fitness center
  • Onsite nutritionist
  • Premium co-working spaces
  • Three-story sky lounge
  • Rooftop club
  • Rooftop restaurant
  • Acclaimed dining experiences
  • Private club
  • White-glove concierge and hotel services

Location

231 East Flagler Street

The market it delivers into

Condo market in Downtown

Live MLS figures for existing condos in Downtown: what finished buildings around this project ask and sell for, and how much supply there is.

Median asking
$858/sqft
1,036 condos for sale
Median sold, 12 months
$590/sqft
391 sales
Months of supply
31.8
Actives against the 12-month sales pace
Developer pricing
—
No floor plan prints both a price and an area
Market Index

Is Downtown a buyer's or a seller's market?

Five standard market signals in one reading: 0 is a strong buyer's market, 100 a strong seller's.

For buyers

Room to negotiate. Offers below asking are normal, and most listings will still be there next week.

For sellers

Price to the sold comps, not to other asking prices, and be ready to negotiate.

Miami overall: 25 · Buyer's market — 3 points more buyer-friendly than Miami overall

What's behind the reading

  • Months of supply31.8 months
    Favors buyers1036 listings · 391 sales in 12 months · weight 35%

    How long today's listings would take to sell at the past year's sales pace. In Miami condos, under 6 months favors sellers and over 9 favors buyers.

  • Sale-to-list price91.7%
    Favors buyers188 sales · weight 25%

    Median sale price as a share of the original asking price, sales in the last 6 months. Above 97% favors sellers; below 95% means buyers are negotiating.

  • Days on market82 days
    Neutral188 sales · weight 15%

    Median days from listing to sale for homes sold in the last 6 months. Faster sales favor sellers.

  • Listings with a price cut36%
    Favors buyers1036 listings · weight 15%

    Share of homes for sale now asking less than their original price. More cuts mean sellers are chasing buyers.

  • Sales momentum−15% vs last year
    Neutral189 sales · weight 10% · sale-to-list +1.5 pts

    Closings in the last 90 days against the same 90 days a year earlier, plus the change in sale-to-list. Rising sales tilt the market toward sellers.

Resale condos from the MLS (pre-construction towers excluded), all prices. As of Oct 15, 2026 · How the index works

Based in part on information from the Southeast Florida Multiple Listing Service (SEFMLS) or from MIAMI Association of REALTORS® for the period July 3, 2025 through October 15, 2026.

MLS data as of Oct 16, 2026Explore DowntownDowntown market report

Frequently asked questions

When will The James Hotel & Residences be completed?

The James Hotel & Residences has an estimated delivery of 2030. Delivery dates are set by the developer and can shift during construction.

Who is developing The James Hotel & Residences?

The James Hotel & Residences is being developed by 40 NE Property, LLC; The James brand licensed from Sonesta International Hotels.

Where is The James Hotel & Residences located?

The James Hotel & Residences is located in Downtown, Miami.

Interested in The James Hotel & Residences?

Register your interest to receive pricing, availability and floor plans from a licensed agent at our partner brokerage.

Licensed help, at no cost to you

Own Miami is a research platform, not a brokerage. When you register interest, a licensed Florida agent at our partner brokerage shares pricing, floor plans and availability and can guide you from reservation to closing. On new developments the developer pays the sales commission, so that help costs you nothing.

More pre-construction in Downtown

The James Hotel & Residences
Now selling