Waldorf Astoria Residences Miami Sold the Largest Penthouse in the United States
The Waldorf Astoria Residences Miami’s 5-star luxury penthouse, which will grow to be the largest in the country and sit atop Miami’s first supertall tower, has been sold for an undisclosed sum. The tallest residential building south of Manhattan will be the five-story, 33,000+ square foot “Mansion in the Sky.”
For the future of real estate in Downtown Miami, the transaction represents a fortunate start. The unidentified client was looking for an upscale residence, and together with the development team, they created what will serve as the pinnacle of the buyer’s individual real estate portfolio as well as the Miami skyline.
Upon completion, this unique penthouse suspended 1,050 feet in the air, will occupy the top five floors of the skyscraper and provide unmatched vistas in every direction. The home will be just under 34,000 square feet in size and have 10 bedrooms, 11 and a half bathrooms, and ceiling heights of up to 25 feet.
A wall-street-style trading room, safe room, billiards area, private movie theater, screening room with two 90-inch theater screens, three wine cellars, full-scale bar, wellness center with cutting-edge equipment, massage rooms, infrared sauna, and a 20-car garage to house the owner’s extensive car collection are just a few of the extravagant amenities it will feature.
The sole usage of the tower’s private roof deck belongs to the mega-penthouse. Three cabanas, a huge pool, a swim-up tiki bar, an outdoor gym, and a multi-use court for racquetball, pickleball, and basketball are all located on the roof. Other features are currently being finished for the owner.
According to the Managing Partner of PMG, “This penthouse sale is an indicator of the strength and tenacity of the luxury real estate market in Miami, and just how special Waldorf Astoria is to buyers and brand enthusiasts. We are confident in the continued momentum at Waldorf Astoria Miami, and know the property will completely elevate the standard of luxury living as we know it.”
Construction on the Waldorf Astoria Residences Miami is expected to begin on October 27, 2022, and end in 2026.
In order to highlight Waldorf Astoria’s first foray into the Miami market, PMG, along with partners Greybrook, Mohari Hospitality, S2 Development, and the international hospitality business Hilton, set out to build a landmark beacon for the city of Miami. The goal is to offer an aesthetically spectacular structure with expertly built residences and unmatched amenities to Miami’s famous Biscayne Boulevard for residents and future hotel visitors to enjoy. The Waldorf Astoria Miami anticipates ushering in a new era for this magical city as the tallest residential structure south of New York and the first supertall tower in Florida.
The Waldorf Astoria Miami, which is situated at 300 Biscayne Boulevard, will have nine spiraling, offset glass cubes that are evenly placed and covered in what is sometimes described to as a “glass skin” to set it apart from other East Coast properties. In order to develop an iconic edifice in Downtown Miami that offers 360-degree views of Downtown Miami, Miami Beach, and the Atlantic Ocean, Sieger Suarez Architects and famous architect Carlos Ott collaborated.
Additionally, the developers collaborated with award-winning interior design company BAMO, which takes pride in designing enticing surroundings that flow, function, and inspire individuals to live and dream more completely. Along with guest rooms and suites inside the five-star hotel, the resort will have 360 private houses. Peacock Alley, a specialty restaurant, indoor/outdoor pre-function and event spaces, conference and boardrooms, a resort-style pool deck with private cabanas, a spa, and a fitness facility will all be considered signature areas.
Setting records as Miami’s first “supertall” tower, the structure, will rise 1,049 feet and 100 floors above Biscayne Bay. This will be the tallest residential tower south of New York City.
In attendance were Ryan Shear, managing partner at PMG Development, Mohair Hospitality, Bamo Inc, Greybrook, and architect Carlos Ott.
Along with 205 guest rooms and suites, the Waldorf Astoria Hotel & Residences Miami will have 360 private residences. Nine glass cubes that resemble Jenga will be part of the tower itself.
The building’s design, which was overseen by Sieger Suarez Architects in association with renowned architect Carlos Ott and award-winning interior design firm BAMO, is incredibly distinctive and stands out even among the busy Miami beachfront.
According to the developers, 180-foot-deep foundation piles are now being built by drilling and concrete pouring. According to the developers, 180-foot-deep foundation piles are now being built by drilling and concrete pouring.
Work won’t be slowed down because a building permit to start the vertical work will likely be obtained in a few months, according to the developers.
The tower is expected to be finished in 2026.
If you or anyone you know has an interest in acquiring it, contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at 786-247-6332.
Groundbreaking Announced for Waldorf Astoria Residences Miami
The Waldorf Astoria Residences Miami, which will be the highest residential structure south of New York City, is scheduled to break ground on October 27th, 2022.
The groundbreaking for the 100-story collection of 9 glass boxes in downtown Miami, is the result of an alliance between the New York and Miami-based developer PMG, the Toronto-based private equity firm Greybrook Realty Partners, and the international hospitality giant Hilton.
The 1,049-foot tower will rise at 300 Biscayne Boulevard, which will be located across from Bayfront Park at the northwest intersection of Biscayne Boulevard and Northeast Third Street.
360 individual homes will be included on the site, along with 205 bedrooms and suites in the five-star hotel.
The building will also contain 1,321 square feet of commercial and retail space, as well as parking for up to 694 cars and 350 bicycles.
The third cube, which is located towards the base of the tower, rotates in response to the pool deck, while the second cube, which is placed further to the east, forms an outdoor dining area for an expensive restaurant. The first cube rotates upward at street level to welcome locals and guests while supporting the entire tower.
Peacock Alley, a specialty restaurant, indoor/outdoor pre-function and event spaces, conference and boardrooms, a resort-style pool deck with private cabanas, a spa, and a fitness facility will all be considered signature areas.
Residences will feature the newest smart home technology with access to concierge services through a personalized mobile app. The app will have a comprehensive list of services, including the ability to make reservations for meals, 24-hour room service, spa and fitness services, house cars, access to valet service, package delivery, and dog walking.
Sales for the project began in March 2021 and sold 75% within the first 9 months. Now the project is sold out! The designer for the project is listed as BAMO.
The price of a residence begins at $1 million, and PMG Residential is in charge of sales and marketing.
Hilton Management Services will be in charge of running the Waldorf Astoria Residences Miami.
Demolition has already begun on the existing asphalt as well as field site borings being completed. Deep Soil Mix permit has been issued and work was started in July 2022.
The tower is expected to be finished in 2025.
If you or anyone you know has an interest in acquiring it, contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at 786-247-6332.
The Elser Hotel & Residences Unveiled with Exclusive Party Hosted by PMG and Greybrook
A party celebrating the unveiling of the 49-story luxury condominium tower known as The Elser Hotel & Residences was held on Wednesday, August 3rd, by PMG and Greybrook.
The venue, located in the center of Downtown Miami with unhindered views of Biscayne Bay, offered visitors infinite champagne, a live band, and interactive entertainment. The PMG Residential sales team, comprised of Alejandra Castillo, Christian Tupper, Daiana Quiceno, Aura Aragon, and Karine Carvalho, as well as PMG Managing Partner Ryan Shear, made remarks.
The Elser Hotel and Residences are located in the same lively area and have the same sparkling views of Biscayne Bay that Elser Pier did in the early 1900s. Elser Pier’s prime location in Miami’s thriving downtown area contributed to its status as the city’s top convention and entertainment hub. Tourists and locals alike were drawn to the pier’s variety of venues and waterfront views. The legacy and extraordinary success of Elser Pier altered the future outlook for the corridor and created the foundation for the bustling bayfront metropolis we know today.
The Elser Residences Miami is a development of carefully designed studio, one-, two-, and three-bedroom condos. Elser, located in Miami’s most alluring area, Downtown Miami, will provide a vibrant and rich community fuelled by culture, glitz, and wellness. Find a wealth of amenities for living, working, and playing. Units will be available this summer for move-in.
Facts and Features
49-story tower located in Downtown Miami
Developed by PMG and Greybrook Partners
Designed by internationally renowned architecture firm Sieger Suarez Architects
Approved for short-term rentals
On-site hospitality management
Views of the Miami skyline, unobstructed views of Biscayne Bay and the Atlantic Ocean
Over 19,000 square foot double-height amenity deck overlooking Downtown Miami
and Biscayne Bay
132-Foot Resort Style Pool with private lounge areas
Two-Level Modern Gym & Fitness Studio
Co-working Lab
Valet Parking
Electric Vehicle Charging Stations
Latest Smart Building Technology
Only The Elser Hotel & Residences Miami would have a short-term rental program that was expertly run by a five-star operator among the current inventory in Miami. The structure would be open to unlimited day rentals.
Residences start at $600,000 or the equivalent in bitcoin, according to PMG Residential, the property’s exclusive sales team.
Sales for Waldorf Astoria Miami Hotel and Residences Reaches 84% Sold
Developers for the Waldorf Astoria Miami Hotel and Residences have just announced that sales have officially reached 84% prior to breaking ground on the construction site. This is of no surprise considering most the demand for new construction condos in Miami.
Sales were launched in March 2021, and they claim that the market has been so robust that 75 percent of the inventory has been sold in the first nine months.
The 100-story tower assembled to look like staggered glass boxes in downtown Miami is the result of a collaboration between PMG, Greybrook Realty Partners, and Hilton. Rising 1,048 feet tall, Waldorf Astoria Hotel and Residences Miami will be the tallest Miami tower and Miami’s first supertall skyscraper.
This luxury project will include 360 condo residences, 205-key hotel rooms operated by Waldorf Astoria.
Towe Amenities:
Private bar/wine tasting room
Signature restaurant
Meeting and boardrooms
All-day dining brasserie
Waldorf Astoria Kids Club
Peacock Alley
True Waldorf service and concierge
24-hour valet parking
Waldorf Astoria immersive resort-style pool with outdoor cafe and private cabanas
24-hour doormen and lobby desk attendants
Live-in resident manager and 24-hour security
24-hour concierge services as well as access to dedicated on-site professionals
Signature spa
A leading-edge fitness center with private training studios
Owners Lounge with high ceilings, billiard and entertainment room, and adjacent catering kitchen
Private residential pool deck with whirlpools and lounging areas
Frontdoor package and service delivery via signature Concierge Closet
Exclusive Waldorf Astoria Miami access and benefits, including preferred spa and restaurant rates and access to a la carte hotel services
Residence Features:
The latest “smart building” technology with a custom Waldorf Astoria Residences app linking residents to 24-hour concierge services and building amenities
10-foot-high ceilings with floor-to-ceiling windows sporting stunning views of the city, Biscayne Bay, Miami Beach, and the Atlantic Ocean
All residential interiors designed by award-winning interior design firm BAMO
A contemporary lighting package including recessed lighting, dimmers, and lighting control
Includes integrated audio, video, and lighting systems
Fully built-out closets in all residences curated by BAMO
Flooring selections included with specifications recommended by BAMO
Built-in top-of-the-line in-unit washer and dryer
Valet parking included
Pre-wired for high-speed communications and data connection
Sub-Zero and Wolf appliance package with wine storage and integrated paneled microwave, dishwasher, built-in convection oven, and refrigerator/freezer
Kitchens featuring custom Italian cabinetry curated by BAMO
Dornbracht and Duravit bathroom fixtures and accessories
Master bathrooms with rainfall showers and custom Italian vanities
The building was designed by Carlos Ott and Sieger Suarez Architects. The design will resemble nine large, staggered/stacked glass cubes. The interiors of Waldorf Astoria Residences Miami were designed by BAMO.
According to the developers, the ground-breaking is expected to be this summer. Residences start at $1 million and the tower is expected to be complete in 2025.
49-Story Tower- Society Biscayne Tops off Construction in Downtown Miami
Credit: society_living
As of yesterday, PMG announced on their Instagram page that Society Biscayne has officially topped off construction. Located at 400 Biscayne Blvd, the 49-story multi-use tower started construction earlier this year with a construction loan of $162 million taken out in September 2020.
Developed by PMG and Greybrook Realty Partners, this project will feature 51,000 square feet of commercial offices, 704 rental apartments, and 17,801 square feet for a church. The First United Methodist Church originally sold the property to PMG in a deal to have a new facility built out for them upon completion of current construction. There will also be an additional 1,000+ square feet of retail space on the ground floor.
Sieger Suarez Architects is responsible for the design of Society Biscayne. The renderings for the 571-foot tower show the classic PMG style with floor-to-ceiling glass windows on every floor. The design for the first 10 floors appears to be dedicated to amenities, with a massive piece of art intricately positioned on the exterior walls facing Biscayne Bay, with a diamond-like design on the opposite side.
The units will feature studio to 3 bedroom floor plans with 534 to 1,382 square feet of living space. Each unit will feature an expansive balcony with views of the Miami skyline, downtown Miami, and/or Biscayne Bay.
Development Amenities:
Modern gym and fitness studio
Expansive pool deck
Coworking lab
Lobby restaurant and bar
Daily community events
This project is expected to be completed by the end of 2021 with an opening date of January 2022.
