Updated
Updated · The New York Times · Aug 21
Mikael Hamaoui Delivers First Pagani Residences in Miami as Car Brands Push Into Condo Market
Updated
Updated · The New York Times · Aug 21

Mikael Hamaoui Delivers First Pagani Residences in Miami as Car Brands Push Into Condo Market

2 articles · Updated · The New York Times · Aug 21

Summary

  • Mikael Hamaoui, founder of Riviera Horizons, is delivering the world’s first Pagani Residences in Miami, extending the Italian supercar brand into luxury housing.
  • Horacio Pagani’s design input reached down to the doorknobs, with the project replacing standard latches with a magnetic door system to shape the first tactile experience for buyers.
  • That detail-first approach reflects why luxury carmakers such as Porsche, Bentley and Aston Martin have moved into Miami condos—using residences to translate brand identity into everyday living.
  • Miami has become a showcase for these branded towers, where developers bet carmakers’ cachet can help distinguish high-end projects in a crowded luxury market.

Insights

Why are ultra-wealthy buyers paying a massive 30% premium to live inside a supercar-branded condo in Miami?
Will the extravagant design details of automotive-branded towers hold their real estate value, or are they just a fleeting luxury gimmick?