Waldorf Astoria Hotel and Residences Coming to Downtown Miami
September 29, 2018 by Lucas Lechuga
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-used 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.