Tallest Residential Tower in Miami at 100 Stories – Waldorf Astoria Residences Miami has Officially Launched Sales

Waldorf Astoria Residences Miami has officially launched their sales center on March 23rd, 2021. Located at 300 Biscayne Boulevard, Waldorf Astoria is planned to be the tallest residential tower in Miami at 100 stories and will be the tallest tower south of Manhattan.

This tower will feature 360 condo, 205 hotel rooms, and suites. Amenities include a Peacock Alley Lounge, a restaurant, indoor and outdoor event area, resort-style pool with cabanas, spa and fitness center.

Architects include Carlos Ott and Sieger Suarez, whom have created a nine offset glass cube design for the tower. The hotel is announced to be within the first 3 cubes of the tower and the rest will include the condominiums.

Developer Information:

• Developers: PMG – Property Markets Group & Greybrook Realty Partners
• Interior design firm: BAMO – www.bamo.com
• Architect: Carlos Ott (conceptual artist) with Sieger Suarez

Tower Distribution:

• 3rd Level –  Condominium lobby
• 5th level – Hotel Signature Restaurant and Peacock Alley
• Level 7 to 16 – Hotel guest rooms and suites
• Level 17 – Hotel function spaces, main ballroom, junior ballrooms and multi-purpose function space 
• Level 19 – Hotel lounge bar, meeting and boardrooms 
• Level 21 – Hotel pool deck with café and signature F&B 
• Level 23 and 24 – Spa and fitness
• Level 26 to 31 – Hotel guest rooms and suites
• Level 31 to 32 – Private residential amenity level; pool deck
• Level 34 to 85 – Residential condominium
• Level 86 to the top – Penthouse level

Pricing:

• Junior Suite Residences $650,000
• 1 Bedroom Residences $1,000,000
• 2 Bedroom Residences $1,700,000
• 3 Bedroom residences $3,100,000
• 4 Bedroom Residences $4,900,000

Payment Plan:

• 10% deposit at contract
• 10% deposit in 6 months
• 10% deposit groundbreaking
• 10% deposit one year after the groundbreaking
• 60% deposit at closing
• HOA – $0.80 per square feet
• Rental terms – minimum 3 months only twice a year

Building Overview:

• 100 Stories
• 360 private residences
• Studios, 1, 2, 3, and 4-bedrooms
• Penthouse Collection

Building Features:

• The 100-story tower located in Downtown Miami across from Biscayne Bay
• Conceptually designed by world-renowned architect Carlos Ott in collaboration with Sieger Suarez Architects
• 360 branded luxury residences
• 205 hotel guestrooms and suites
• Interiors created by BAMO design firm
• Peacock Alley
• True Waldorf Service and concierge
• Unobstructed views of city and downtown skyline, Miami Beach and Atlantic Ocean
• Waldorf Astoria immersive resort-style pool with outdoor café and private cabanas
• Private Bar/ Wine Tasting Room
• Signature Restaurant
• All-Day Dining Brasserie
• Pre-function and function spaces
• Meeting and boardrooms
• Waldorf Astoria Kids Clubs
• 24 hour Valet services

Sales have started and the construction completion date is set for 2025. If you or someone you know has any interest in purchasing a unit at Waldorf Astoria Residences, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332 for more information.

Are Casinos Coming to Miami?

Jeffrey Soffer, billionaire and son of real estate developer Donald Soffer, is pushing lawmakers to update Florida gambling laws. According to Miami’s Local 10 News, Miami Beach commissioners have hired lawyers to stop Soffer from building a casino under the Fontainebleau brand.

Miami Beach Mayor Gelber’s mission is to ‘discourage late-night entertainment in the city,’ and Soffer’s plan to build a casino goes against this.

According to Mayor Gelber, “What they are going to want to do apparently is take casino licenses, take gaming licenses, gambling licenses that exist right now in parimutuels — slot machines, card games, and things like that — and allow them to become portable.”

Also reported to be involved in the endeavor includes former President Donald Trump, who wants to open a casino at his current resort, Doral.

The Miami Herald has reported that Governor Ron DeSantis, has met with parimutuel owners to discuss casino openings and guidelines.

As part of he legislation, Genting’s Resort World Miami as well as the Seminole Tribe would be included and would greatly benefit from the legalization.

If this legislation passes, gambling licenses would be allowed to transfer into areas that currently do not allow it and local governments could not enforce any laws prohibiting it. The legislation is currently being drafted and will be released to the public within the next few weeks.

Waldorf Astoria Hotel and Residences Coming to Downtown Miami

Property Markets Group, a large real estate development company in New York City and Miami, has cemented a deal to bring Miami its first Waldorf Astoria. The Waldorf Astoria Hotel and Residences Miami will be located in Downtown Miami at 300 Biscayne Boulevard, in a 1,049-foot skyscraper that Property Markets Group is planning to develop in the coming years.

Totaling 800,000 square feet, The Waldorf Astoria Hotel and Residences Miami will be a mixed-use development with 400 condo residences; a 140-key, 5-star hotel operated by Waldorf Astoria; and ground-floor retail. At 1,049 feet, the development would be Miami’s first supertall skyscraper. Currently, Miami’s tallest tower, Panorama Tower, stands at just 868 feet. Designed by Sieger Suarez Architects, the tower’s design resembles nine staggered, large glass cubes.

Property Markets Group is co-developing the project with Greybrook Realty Partners and S2 Development. Sales are expected to begin towards the end of 2019 with sell-out projected to top $1 billion.

Vizcayne Condominium Associations Awarded Settlement for Construction Defects

It appears that there is a light at the end of the tunnel for Vizcayne condominiums. According to Law.com, this past May, Vizcayne North Tower Association and Vizcayne Master Association were awarded $3,069,251 and $646,699, respectively. In November 2016, the aggrieved parties, citing a laundry list of construction defects, had filed a 184-page complaint against various construction companies. Over a year and a half after the initial filing date, and shortly before going to trial, the settlements were reached.

With the worst now behind Vizcayne, it will be interesting to see how quickly real estate prices improve for condos in the two towers. The litigation had been a big black cloud over the development, making it near-impossible to secure financing for condos there. With the cloud now lifted, lenders will likely be more open to providing financing for qualified buyers.

Okan Tower Promo Video Released Ahead of U.S. Sales Launch

Ahead of its U.S. launch date, Turkish developer Okan Group has released a promo video for its upcoming mixed-purpose development called Okan Tower. The video is in Turkish but it includes a number of never-before-seen renderings of the 70-story tower. For additional information about this exciting project, read our previous blog post about the sales launch for Okan Tower.

Turkish Developer Okan Group Launches Okan Tower in Downtown Miami

Turkish developer and leading enterprise Okan Group announced yesterday the official sales launch of its first U.S. development – Okan Tower. The distinctive architecture planned for the 70-story mixed-purpose property is meant to emulate the silhouette of a blossoming tulip (Turkey’s national flower). Located in Downtown Miami at 555 North Miami Avenue, this innovative addition to the Miami skyline will feature a 294-key hotel by Hilton Hotels & Resorts, 64,000 square feet of ‘Class A’ office space, 236 condo-hotel units starting on the 36^th floor, 149 condominium residences starting on the 51st floor, plus four duplex penthouses.

Okan Group Chairman and billionaire, Bekir Okan, credits the city of Miami’s vibrant energy and international fusion for his choice in the project’s location. “It is with great pleasure that we unveil Okan Tower as we embark on a journey to present a bold real estate product in one of the world’s leading destinations,” he added.  “In selecting our projects throughout the world, we always seek to establish an impact that will make history.  Not only in its design but through its level of experiential elements, Okan Tower will have a transformative effect on the metropolis that will forever change Miami’s skyline”.

The architecture firm behind the tower’s bold design in tribute to Turkish culture is Behar Font & Partners. Okan Tower’s studio, one-, and two-bedroom condo-hotel units will be delivered turnkey furnished, ranging in size from 447 to 1,245 square feet, while its condo-residence offerings will include one- to three-bedroom units plus a den, ranging from 698 to over 2,071 square feet; and 4 duplex-style penthouses ranging from 1,873 to more than 2,142 square feet. Okan Tower will also offer world-class amenities, including high-speed elevators with separate access for various mixed-use components, a sky pool with panoramic views from the 70^th floor, outdoor lounge, Hammam spa, state-of-the-art health and fitness center, kids’ playroom, chef and gastro kitchen, movie theater, wine cellar and cigar room, as well as a rooftop restaurant located on the 67^th floor.

There’s no doubt that this project will cater to the taste of the foreign buyers so highly accounted for in the past several years of Miami’s residential real estate sales. A 3,000 square-foot sales gallery for the tower already opened in Istanbul, Turkey on May 2^nd, complete with a full model residence. The U.S. sales gallery will open on May 10^th.  Promising sophistication and convenience, Okan Tower’s location is close in proximity to business, entertainment, culture, and the arts – with Perez Art Museum, Phillip and Patricia Frost Museum of Science, American Airlines, the upcoming Miami Worldcenter, and the Brightline Train all within blocks.

Privately funded, the project is already slated to break ground this fall. Pricing for units at Okan Tower starts from $318,500.

The Miami DDA Launches Free Outdoor Movie Nights in Various Downtown Miami Locations

Tonight, the Miami DDA is launching Season One of DWNTOWN Movie Nights – a free outdoor cinematic experience for moviegoers that will continue every other Friday night through April 6th, each at a different Downtown Miami location.

Tonight’s movie, Moana, will play behind the American Airlines Arena on Parcel B. On-site, there will be several food options available from local food trucks as well as a premium bar serving happy hour cocktails. Happy hour will begin at 5pm with showtime at 7pm. There will also be prize giveaway at each screening event.

Below is a list of the scheduled screenings and locations. Movies and showtimes are subject to change, so be sure to check the Miami DDA website periodically for the most up-to-date information.

Property Markets Group Unveils X Miami Murals by Sammy Slabbinck

Earlier today, Property Markets Group unveiled on their Instagram account the final artwork that will be mounted on the garage of their soon-to-be-completed rental project called X Miami. X Miami, formerly known as Vice Miami, will be located at 234 NE 3rd St in Downtown Miami. The tower will have 464 micro units ranging in size from 500 square feet, for a junior one-bedroom apartment, to 1,400 square feet for a 3 bedroom unit.

The monolithic murals will be prominently displayed on the east, south, and west sides of the garage. Eventually, once PMG’s 300 Biscayne is built, the mural on the east side of the garage (facing Biscayne Boulevard) will be blocked. PMG commissioned Belgian artist Sammy Slabbinck to create the murals. Slabbinck is known for his surreal compositions.

Here’s how the X Miami garage will look when the @sammyslabbinck works are mounted, forming a new fixture on the Downtown cityscape.

A post shared by @ propertymarketsgroup on Jan 16, 2018 at 1:21pm PST

Brightline is Bringing Premium Hospitality to South Florida’s Passenger Rail Service

Beginning this Saturday, Brightline will take passenger train travel to a whole new level with introductory service running between Fort Lauderdale and West Palm Beach. For a one-way ticket aboard their 66-seat Smart Coach, fares will start at $10. For an extra $5, you can hop aboard their Select Coach, which is basically their equivalent of a first-class cabin. Kids up to the age of 12 will receive a 50% discount while senior citizens and veterans will get a 10% discount. The introductory service will include ten daily round trips throughout the week and nine on the weekends, each with travel times averaging between 30 to 35 minutes. Trains will depart between 6am and 11pm, with schedules varying between weekdays and weekends.

Once full service begins, there will be 16 daily round trips. As of now, the train will only travel to and from Fort Lauderdale and West Palm Beach. In the coming months, once construction on Miami Central Station is completed, service will extend to and from Miami with stops in Fort Lauderdale and West Palm Beach. Miami Central Station is located in Downtown Miami, right off NW 1st Ave and between NW 3rd St and NW 8th St.

Phase two construction, which will extend the route all the way to Orlando, is expected to begin in the first quarter of this year with completion projected for 2021. Great news for Miami, Fort Lauderdale, West Palm Beach, and Orlando, as it connects Central and South Florida in a much needed way!