Waldorf Astoria Hosts its Official Sales Gallery Grand Opening

Waldorf Astoria Miami Rendering
Waldorf Astoria Residences Miami

The long awaited sales gallery launch for Waldorf Astoria Residences Miami has officially arrived and we couldn’t be more excited! Last night Waldorf Astoria hosted their official sales gallery grand opening located at 400 Biscayne Blvd across the street from Waldorf Astoria’s official pre-construction tower site.

PMG developers Ryan Shear and Kevin Maloney were in attendance as well as Miami Mayor Francis Suarez and Waldorf Astoria Hotel & Residences architects Carlos Ott and Charles Sieger (of Sieger-Suarez Architects). Mayor Suarez stated, “we are so proud of this iconic project that is going to help redefine who we are as a city.”

PMG Developers, Miami Mayor and Miami-Dade Mayor

Waldorf Astoria Residences Miami will rise 100 stories at 1,049 feet tall making it the “highest skyscraper south of Manhattan.” It will also be the first Waldorf Astoria development in South Florida. Featuring 360 condos, 205 hotel rooms and suites, this incredible tower will truly be one of a kind. Tower amenities include a Peacock Alley lounge, signature restaurant, resort-style pool with cabanas, spa and fitness center.

Designed by Carlos Ott and architecture by Sieger Suarez, the design will feature 9 glass cubes offset from the next. This design will truly be the first of its kind in South Florida.

Waldorf Astoria Miami Rendering

PMG developers, led by Ryan Shear, Kevin Maloney, and Dan Kaplan are the brains of the project and have stated that they have been working on the development project since 2014 and originally announced the launch in 2018.

Property Markets Group, Greybrook, and Hilton are also partnering on the project. The hotel portion of the Warldorf will be the first 3 cubes and Hilton will be managing that portion of the tower.

Waldorf Astoria Residences Miami Model

The residential units will begin at $656,000 and will increase depending on the location in the building as well as the size

STUDIOS

CUBE 4 – above level 40
From 516 sq ft. to 653 sq ft / Starting at $656,000

ONE BEDROOM

CUBE 5 – above level 50
From 873 sq ft. to 950 sq ft / Starting at $997,500

TWO BEDROOMS

CUBE 5 – above level 50
From 1491 sq ft. to 1951 sq ft / Starting at $1,701,000

THREE BEDROOMS

CUBE 5 – above level 50
2659 sq ft. / Starting at $4,111,000

FOUR BEDROOMS

CUBE 6 – above level 60
3,256 sq ft / Starting at $4,987,000

Sales for Waldorf Astoria launched in March 2021 with an estimated ground breaking in Q4 of 2021. The completion date is currently set for 2025. If you or someone you know have interest in purchasing one of the units at Waldorf Astoria Residences Miami, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Arch Investors and Infinity Developers are Teaming Up for a 20 Story Project in Edgewater

Edgewater Neighborhood in Miami
View of the Edgewater Neighborhood

New York-based Arch Cos. Investors and Miami-based Infinity Collective developers have previously worked on a 19-story Edgewater project located at 2500 Biscayne Blvd. Within the past few years, they have started the process of working on a residential project directly across the street at 2501 Biscayne Blvd.

The developers purchased the 1.5 acre sited in 2017 for a combined $32.18 million. The financial terms are unknown but they have jointly taken ownership of the property. This site was the previous home for the Latin Café 2000 Biscayne restaurant.

Plans haven’t been officially released to the public but 2501 Biscayne will rise 20 stories featuring 250 apartments, and some exclusive commercial space on the main floor of the tower. The name of the project is TBD.

According to the managing partner of Arch Cos., Jeffrey Simpson, “We believe in the long-term potential of 2501 Biscayne for our partnership, as well as in the continued growth of Edgewater as employers increasingly seek out space in Miami.”

View of the Edgewater Neighborhood Skyline

Arch Cos. is a New York-based real estate and financial investment firm that currently services 9 states. They currently have $630 million in their real estate portfolio and have assisted with more than 3,000 multi-family units.

Infinity Collective, located in Miami has been in business since 2002 and are currently working on projects 2500 Biscayne Blvd and Esme Hotel in Miami Beach.