DAMAC’s Delmore Moves Toward Vertical Construction as Major Foundation Milestone Wraps in Surfside

Key Points

• Deep- and trench-soil mixing (DSM/TSM) is complete, paving the way for foundation and vertical construction at The Delmore in Surfside. 

• DAMAC International is developing this ultra-luxury, 12-story condo at 8777 Collins Avenue, designed by Zaha Hadid Architects. 

• The project will offer 37 huge residences (average ~7,000 sq ft), with prices starting at US$15 million, aiming for completion in 2029. 

The Delmore—an ultra-luxury, 12-story condominium in Surfside, Florida—is advancing to a critical phase. With soil-mixing work now complete, the development is ready to move into excavation, piling, and eventually vertical construction.

Financial Deal / Deal Structure

• DAMAC International is the developer behind the project.

• To date, DAMAC has invested more than US$25 million on-site for the preliminary work. 

• The land (8777 Collins Avenue) was purchased in a prior court-ordered auction for US$120 million. 

• Pricing for units begins at US$15 million, with average broker-reported pricing around US$33–40 million per unit, depending on size. 

Project Overview

• Location: 8777 Collins Avenue, Surfside, Florida, in the so-called “Billionaire’s Triangle” (Surfside, Bal Harbour, Indian Creek).

• Architecture: Designed by Zaha Hadid Architects; ODP Architects is architect of record. 

• Residences: 37 units total, full- and half-floor, averaging ~7,000+ sq ft. Penthouses start at ~10,000 sq ft. 

• Interior & Landscape: Interiors by Hirsch Bedner Associates (HBA); landscape by CLAD Landscape Architecture & Design. 

• Amenities (55,000+ sq ft):

  • Rooftop deck with ocean views

  • 75-foot suspended acrylic (glass) pool between building wings 

  • 75-foot indoor lap pool

  • Residents-only restaurant with a Michelin-curated menu 

  • Meditation garden, wellness/spa, and security program. 

• Waterfront: 200 feet of direct ocean frontage; views of Atlantic Ocean, Biscayne Bay, and Miami skyline. 

• Timeline:

  • DSM/TSM complete as of November 2025. 

  • Master building permit submission expected end of 2025.

  • Vertical construction to begin in late 2026. 

  • Projected completion: 2029.

Sale Status / Market Position

• Sales Gallery: A 4,500-sq-ft sales gallery has opened at 301 71st Street, Miami Beach.

• Broker: Douglas Elliman is the exclusive sales agent. 

• Units Available: 37 ultra-luxury residences. 

• Target Buyers: Ultra-high-net-worth individuals, global buyers, likely part of DAMAC’s strategy to attract a global elite. 

Takeaways for Landlords / Investors

• Ultra-Luxury Demand Remains Strong: The Delmore is targeting a very niche segment—global UHNW buyers looking for design-forward, high-amenity beachfront living. This indicates continued confidence in the ultra-luxury condo market in South Florida.

• Scarcity of High-End Stock: With only 37 units and very large footprints, this is limited-supply, boutique inventory. That rarity could support strong appreciation or hold value over time.

• Well-Engineered Foundation: The completion of advanced soil mixing (DSM/TSM) suggests that foundational risk has been significantly mitigated, especially important for oceanfront investors.

• Long-Term Horizon: Given the projected delivery in 2029, this is not a short-term play. Investors should be prepared for a multi-year timeline on capital deployment.

• Prestige Branding: Working with Zaha Hadid Architects and a top interior design firm (HBA) boosts the prestige and potential brand value of the building, which may help resale or rental demand among ultra-premium buyers.

• Permit Risk Reduced: With master building permit submission on the horizon, risk related to approvals is lowering, which is a positive sign for project viability.

Vertical Construction to Commence

The Delmore in Surfside is taking a major leap forward: after months of deep and trench soil mixing, it’s now structurally ready for excavation and vertical construction. For DAMAC, this marks a bold and high-stakes entry into ultra-luxury U.S. real estate. For investors, the project represents a rare chance to tap into ultra-high-end beachfront real estate with limited supply, high design pedigree, and strong foundational engineering. While this is a long-term play, the scale, exclusivity, and ambition of the development could make it a standout in Miami’s luxury condo landscape.