David Chipperfield's Design District Tower: 143 Condos and a Fouquet's Hotel

The Miami Design District's first condo tower is a David Chipperfield design at 39 NE 39th Street: 143 residences in a tower connected to a Fouquet's hotel, developed by Miami Design District Associates, Raycliff Capital, Fort Partners and Constellation Hotels Holding. Unveiled in January 2026, its first listings ask more than three times the median price per square foot of resale condos in the surrounding Midtown market.

What is planned on 39th Street

When the project was announced in January 2026, Florida YIMBY and Dezeen both described a 26-story tower on a site of nearly two acres. The March 2026 hotel announcement, carried by Profile Miami and other outlets, describes the residences as a 25-story tower next to a 12-story, 85-key hotel. The two announcements differ by one floor, so the final height should be checked in the condominium documents.

• Residences: 143 condominiums, to be managed by Fouquet's.
• Hotel: Fouquet's Miami, the Barrière group's Paris brand, its second US hotel after New York and the district's first luxury hotel.
• Design: fluted ceramic columns running the full height of the building, continuous terraces, and a brass-toned entrance pavilion matched to the window mullions.
• Sales: Corcoran Sunshine Marketing Group handles sales; the March announcement said sales were expected to launch that month.

What the first listings ask

As of October 13, 2026, Own.Miami counts 7 active MLS listings at Fouquet's Hotel & Residences, with a median asking price of $3,286,000 and a median of $2,120 per square foot. No unit has closed yet, so these are asking prices for a building not yet built, not sales.

How that compares with resale next door

The Design District sits inside Own.Miami's Midtown coverage area. Its resale market is soft: as of October 13, 2026 the Midtown market report counts 161 condos for sale against 89 closings in the last 12 months, 21.7 months of supply, with a median sale of $582 per square foot, down about 10% from the year before.

Two delivered buildings within a third of a mile show the gap a buyer is paying for:

• Quadro, the 12-story boutique building at 3900 Biscayne Boulevard (2019), recorded 7 deed sales from October 2025 to September 2026 at a median of $512,500. Its 27 active listings ask a median of $757 per square foot.
• Hyde Midtown (2018, 410 units) recorded 23 deed sales over the same 12 months at a median of $540,000, with MLS closings at a median of $704 per square foot.

What it means for a buyer

A buyer here is paying for the architect, the hotel brand and services, and the Design District's retail address, not for the neighborhood's resale averages. Those premiums can hold, but they are untested: this is the district's first residential tower, so there is no resale record to check. Anyone weighing a contract should read the condo documents for the hotel's role in the association, the rental rules, and the shared costs of the hotel and residences before signing.