$668 Million Construction Loan Secured for Waldorf Astoria Hotel & Residences
Waldorf Astoria Hotel & Residences, spearheaded by PMG in collaboration with esteemed partners including Greybrook, Mohari Hospitality, S2 Development, and Hilton, has secured a monumental $668 million in construction financing, setting a new record in Florida’s residential condominium development history.
Nestled at 300 Biscayne Boulevard, the Waldorf Astoria Hotel & Residences Miami is not just another skyscraper; it’s a marvel in architectural ingenuity and luxury living. Designed by the renowned Sieger Suarez Architects in collaboration with Carlos Ott, the 1,049-foot tower will stand as the tallest residential building south of New York City. Its distinctive design features nine spiraling, offset glass cubes wrapped in a stunning “glass skin,” ensuring it stands out as an iconic addition to Miami’s ever-evolving skyline.
What sets Waldorf Astoria Hotel & Residences Miami apart is its seamless blend of luxury residences and world-class hospitality. The development will house 387 private residences alongside 205 guestrooms and suites within the luxury hotel segment. Each unit is meticulously crafted with BAMO’s award-winning interior design, offering not only breathtaking views but also unparalleled comfort and sophistication.
Residents and guests will enjoy access to the Waldorf Astoria brand’s renowned Peacock Alley, a specialty restaurant, and indoor/outdoor event spaces for memorable gatherings. A resort-style pool deck with private cabanas, a holistic wellness spa, and state-of-the-art fitness center ensure relaxation and rejuvenation at every turn. Private residential amenities include an exclusive lobby, billiard room, and a kids’ club, offering something for every member of the family.
As the project moves into its vertical construction phase, anticipation builds for the grand unveiling slated for Q2 2028. Managed by Hilton Management Services, Waldorf Astoria Hotel & Residences Miami promises not just a residence, but a refined haven where personalized service and best-in-class experiences define everyday living.
Sales Launch for Domus Brickell Park Miami
We are thrilled to announce the launch of sales for Domus Brickell Park, the latest milestone in luxury condominium development brought to you by North Development—a joint venture between Miami developer Ricardo Dunin’s Oak Capital and Peru’s Edifica. This exciting project marks the second condominium under the Domus brand and showcases the unique FLATS concept (Flexible Apartments for Temporary Stays), designed to revolutionize urban living.
Situated in the heart of Miami’s prestigious Brickell financial corridor, Domus Brickell Park will rise 35 stories high, featuring 579 meticulously designed units. This prime location at 1034 SW 2nd Avenue places residents at the epicenter of vibrant city life, surrounded by major banks, corporate headquarters, trendy restaurants, shopping centers, and recreational venues.
Domus Brickell Park promises an exceptional living experience with an array of world-class amenities:
The Cypress Room: A luxurious 4,000-square-foot gathering space featuring a café, wine bar, and artisanal market with gourmet fare.
High-Touch Services: 24-hour concierge, valet attendants, and a dedicated customer service line.
Wellness and Recreation: A seventh-floor gym with an outdoor terrace, rooftop yoga deck, rooftop bar, pool, sky deck, cabanas with day beds, hot tub, and a lush garden lounge.
Technology and Convenience: The Domus FLATS App for seamless check-ins, room and elevator access, and more.
The FLATS concept, coined by Ricardo Dunin, is garnering praise for its innovative approach to short-term rental-friendly offerings, rooted in high-end hospitality. Domus Management, a bespoke management company created by Dunin, ensures that each property adheres to top-tier brand standards, providing a comprehensive, customer-centric experience.
The design team for Domus Brickell Park includes Studio Mc+G Architecture, known for their work on the iconic Delano South Beach hotel, and Urban Robot Associates, specialists in urban design, interiors, and landscape architecture. The building is a wellness-focused ‘green’ structure featuring ultraviolet (UV) water purification, air filtration systems, and EV charging stations.
Residents of Domus Brickell Park will enjoy unparalleled access to transportation, with the Brickell Metromover station just one block away. This connection links to the Miami Metrorail and the Brightline high-speed train, making travel to Orlando a breeze. The building’s location also offers stunning high-floor views of the cityscape and Biscayne Bay, and proximity to Southside Park, multiple greenspaces, and The Underline—a 10-mile linear park with numerous amenities.
Starting from the low $500,000’s to $1.5 million, Domus Brickell Park offers studio, one-, and two-bedroom FLATS featuring nine-foot ceilings, private balconies, keyless entry smart lock systems, premium appliances, and in-unit washers and dryers. This competitively priced property is poised to be a standout in the Brickell market.
Domus Brickell Park is slated for completion at the end of 2027, promising to be a landmark of luxury and innovation in Miami.
One Twenty Brickell Residences: A New Residential Tower in Miami
A foundation permit application has been filed for One Twenty Brickell Residences, a 34-story residential tower planned for construction at 120 Southwest 8th Street in Brickell, Miami. Designed by Sieger Suarez Architects with interiors by Cotofana Designs and developed by Property Markets Group (PMG), this new development will feature 240 fully furnished residences, each delivered with its own deeded office suite and over 60,000 square feet of amenities. The foundation permit application was filed with Miami-Dade County on April 30, with no contractor yet named.
One Twenty Brickell Residences will feature a range of studio to three-bedroom apartments, sized from 451 to 1,395 square feet. Each residence will boast fully integrated kitchens with custom countertops and backsplashes, contemporary under-mount sinks, and a high-end appliance package. Additional features include imported and custom kitchen and bathroom cabinetry by Italkraft, WaterWorks bathroom fixtures, glass-enclosed showers, and fully built-out closets in primary bedrooms. The flooring, selected with specifications recommended by Cotofana Designs, includes designer polymer wood and a contemporary lighting package. A built-in top-of-the-line washer and dryer enhance convenience, while PMG’s smart home technology offers efficient, seamless personalization at the touch of a button.
One Twenty Brickell Residences features a unique offering of private office suites, which are deeded individually to condo purchasers. Each office is enclosed with glass panels and equipped with a desk, chair, two guest chairs, a wallpaper accent wall, and complimentary Wi-Fi, providing a functional workspace for residents. Additional office amenities include concierge secretary service, dedicated elevators, a reception area, and a coffee station. For larger meetings, a conference room is available, featuring an eight-person conference table, a 72-inch smart TV with a mounted camera, a conference phone, and Wi-Fi access.
Extensive Amenities for Modern Living
Amenities at One Twenty Brickell Residences encompass over 60,000 square feet, including:
Pickleball court with courtside seating
Children’s club and gym
Sky bar and lounge
Cafe and juice bar
Infinity-edge pool offering sunset views
Dog run
Wellness and fitness center featuring steam rooms, saunas, treatment rooms, and relaxation area with outdoor terraces
Modern fitness studio with the latest equipment
Movement studio and yoga lawn
Additional services available to residents include a building and wellness concierge, comprehensive management of the property, and smart-building technology, all aimed at providing a seamless living experience. The complex is further enhanced by custom art installations, enriching the environment for those who live, work, and play there.
NoMad Residences Wynwood: Securing $141.5 Million in Financing and Pioneering a Unique Residential Experience
Related Group and Tricap have successfully secured $141.5 million in financing for the highly anticipated NoMad Residences Wynwood, a significant development in Miami’s vibrant Wynwood Arts District. The project received a $51.5 million mezzanine loan from Related Fund Management and a $90 million senior construction loan from Kennedy Wilson. Construction commenced in October 2023, shortly after the groundbreaking in September.
“Related Group is proud to partner with Related Fund Management and Kennedy Wilson to drive the development of NoMad Residences Wynwood further,” said Nick Pérez, President of Related’s Condominium Division. “This significant capital infusion is a testament to the strong investor confidence in Miami’s residential market and, more notably, our distinct vision for this hospitality-centric and lifestyle-driven development. We’re excited to bring this unique residential experience to Wynwood, which adeptly blends design, culture, and community in a way that only NoMad can.”
Thomas Whitesell, Head of the Debt Investment Group at Kennedy Wilson, echoed these sentiments: “We are pleased to join with Related Fund Management to provide construction financing to Related Group for this exceptional project. Related Group is arguably the premier residential developer in South Florida and their deep experience, particularly in Wynwood, is one of many reasons we were drawn to this investment.”
NoMad Residences Wynwood, designed by Arquitectonica with interiors by DesignAgency, will offer 329 units ranging from studios to two-bedroom apartments. Each residence will feature floor-to-ceiling windows, private balconies, and modern kitchens equipped with Bosch appliances and Italian-style cabinetry. The units come fully furnished with packages from DesignAgency and are designed with no rental restrictions, allowing owners the flexibility to rent their homes for any period.
The development will include a variety of public food and beverage venues. Highlights include a rooftop restaurant and bar managed by Leo Robitschek, a James Beard Award winner, and Casa Tua Cucina on the ground floor, offering Italian and Mediterranean cuisine.
Residents will enjoy access to an array of amenities such as a rooftop lounge, pool, fitness facilities, and the NoMad Library and Lounge. The building will also showcase art from the Jorge M. Pérez Collection and feature commissioned works that reflect the Wynwood artistic community.
Sales have been robust, with more than 80% of the residences already sold. Completion of NoMad Residences Wynwood is anticipated for late 2025, promising a dynamic and culturally enriched living experience in one of Miami’s most artistic neighborhoods.
Wynwood Welcomes Major Retail Expansion with Prominent Developers
In a significant move for the Wynwood Art District’s commercial landscape, a trio of influential development firms—Lion Development Group led by Michael Simkins, LNDMRK Development led by Alex Karakhanian, and Tricera Capital led by Ben Mandell—has jointly acquired 32,000 square feet of prime ground-floor retail space at the Society Wynwood complex. The deal, valued at $22.5 million, marks a pivotal development in one of Miami’s most vibrant neighborhoods.
Prior to the closing, Tricera and LNDMRK had already signed four major leases, securing tenants for approximately 50% of the available space. This proactive leasing strategy brought in a diverse mix of businesses, including Starbucks, Nacho Daddy, Chama De Fogo Brazilian Steakhouse, and I Scream Gelato. These brands are not just filling space; they are set to enhance the local flavor and economic vitality of Wynwood.
The property, developed by Property Markets Group (PMG) and Greybrook, is situated at 2431 NW Second Ave., right in the heart of the Wynwood Art District. This location is pivotal, standing directly across from the iconic Wynwood Walls. “Wynwood’s growth over the last decade has been tremendous, and our team is excited to continue to play a role in elevating the community,” said Ben Mandell, CEO of Tricera Capital.
Alex Karakhanian of LNDMRK Development also shared his enthusiasm for the project: “We are excited to partner with Tricera and Lion on this transformative acquisition. The retail is situated in the core of the district, and continues to attract premium tenants that want to be part of this vibrant community.”
The retail portion of Society Wynwood, along with its nearly 300 modern residential units and private parking garage, positions the building as a premier destination within the district. This integration of living, leisure, and work space reflects the ongoing transformation of Wynwood into a dynamic urban neighborhood where culture and commerce meet.
With successful leasing already underway and more announcements expected soon, the new ownership is poised to continue its momentum. The addition of high-profile tenants like Starbucks, which will occupy approximately 2,600 square feet, and the unique dining experiences offered by Nacho Daddy, Chama De Fogo, and I Scream Gelato, Society Wynwood is set to become a key player in the area’s ongoing development.
Miami’s Skyline to Soar with the New Midtown 1 Tower
After years of anticipation, the Midtown 1 tower, a groundbreaking project set to redefine the skyline of Midtown Miami, is advancing towards realization. The project has now been sent for review by Miami’s Urban Development Review Board, with the initial renderings of this architectural marvel released to the public for the first time.
Standing at an impressive height of 596 feet, Midtown 1 is slated to become the tallest tower in Midtown Miami. The tower will rise up to 48 stories, towering over the district and offering breathtaking views of the cityscape. This high-rise is designed to accommodate:
400 residential units: A mix of luxury apartments designed for comfort and style, promising an upscale living experience.
27,658 square feet of retail space: Intended to host a variety of shops and boutiques, this area is expected to transform into a bustling hub for shopping and leisure.
498 parking spaces spread across five levels: Ample parking ensures convenience for residents and visitors alike.
The architectural genius behind Midtown 1 comes from Arquitectonica, a renowned firm celebrated for their innovative and forward-thinking designs. The project is being developed by Midtown 1 Investments, a collaborative venture led by Terra and Lion Development Group. This partnership brings together extensive experience and a shared vision for transformative urban development.
The Miami Urban Development Review Board is scheduled to conduct a hearing on the proposal on May 15. This session is crucial as it will determine the next steps in the approval process, moving closer to bringing this ambitious project to life.
Midtown 1 represents not just a building, but a beacon of modern living and urban development. As Midtown Miami continues to grow and evolve, Midtown 1 stands poised to become a landmark that encapsulates the vibrancy and dynamism of the city.
Introducing Clear Residences in Downtown Miami
Toronto-based Blutrich Holdings, spearheaded by real estate mogul Gil Blutrich, is set to transform Downtown Miami’s skyline with their latest venture, Clear Residences. This ambitious project proposes a 60-story mixed-use building situated at 130 Southeast 1st Street, a prime location in the heart of the Central Business District.
Clear Residences is designed to be a nearly 690-foot-tall architectural marvel, encompassing approximately 666,432 square feet. The structure is planned by Kobi Karp Architecture & Interior Design, with landscape architecture by KEITH. The project aims to offer 549 residential units alongside 3,622 square feet of ground-floor commercial space. Furthermore, residents will enjoy nearly 40,000 square feet of amenities and a parking garage designed to hold 157 vehicles. The Miami Urban Development Review Board is expected to review the project proposal on May 15.
Currently, the site operates as a surface parking lot, covering about 23,750 square feet or 0.55 acres, bordered by SE 1st Street and SE 2nd Street, with SE 1st Avenue and SE 2nd Avenue flanking its sides.
The design of Clear Residences aims to blend seamlessly with the urban fabric of Downtown Miami while standing out with its modern architectural elements. The building is characterized by sleek, curved corners and a striking glass façade. A unique feature of the design is the building’s rooftop, which includes landscaped terraces that provide a stunning contrast to its linear structure, enhancing the visual appeal and reducing the massiveness of the tower.
The tower’s position within the city allows it to capture breathtaking views from Biscayne Bay towards the west, emphasizing its prominence in the city’s landscape. The architectural renderings reveal a structure that honors the area’s vibrancy while contributing to the skyline’s dynamic evolution.
Several detailed renderings showcase the building’s intricate fenestration and façade, which includes vertical columns wrapped in golden metal, wrap-around frameless glass guardrails, and floor-to-ceiling windows. The bronze aluminum cladding panels add a touch of elegance and modernity to the overall design.
Blutrich Holdings has requested several waivers to facilitate this project, including increased lot coverage and adjustments to building setbacks and frontage access. These requests are aligned with recent amendments to local zoning codes, aiming to accommodate the unique design and structural requirements of Clear Residences.
Clear Residences is poised to be a significant addition to Miami’s downtown area, offering luxury living combined with breathtaking designs and state-of-the-art amenities. As the review date approaches, all eyes will be on how this project will further shape the future of Miami’s urban landscape.
Revving Up Luxury Living: Aston Martin Residences in Downtown Miami
When dreams meet determination, the impossible becomes achievable. Amidst the glittering skyline of downtown Miami, the Aston Martin Residences stand tall as a testament to visionary thinking and unwavering perseverance. Despite initial doubts, this architectural marvel has not only come to fruition but has also exceeded expectations.
Developer G&G Business Developments defied skeptics as they held a triumphant ribbon-cutting ceremony on April 30, coinciding with Miami’s electrifying race week. The event, graced by the presence of Aston Martin executives and esteemed Miami Mayor Francis Suarez, marked the culmination of years of meticulous planning and dedicated effort.
The allure of the Aston Martin Residences lies not only in its striking design but also in its unparalleled exclusivity. Of the 391 luxury condos nestled within its sleek façade, an astounding 99% were snapped up by eager buyers even before the doors swung open. What’s more, over 50 of these new residents are proud owners of Aston Martin automobiles, further cementing their allegiance to the brand’s legacy of luxury and innovation.
Collaboration breeds excellence, and nowhere is this more evident than in the partnership between Aston Martin’s design team and the visionary architect Rodolfo Miani of Bodas Mian Anger. Together, they have crafted a striking sail-shaped glass tower that stands as an ode to sophistication and modernity, redefining the skyline of downtown Miami.
Step into the realm of luxury living, where every amenity is crafted to indulge and inspire. Spread across levels 52 through 55, residents are treated to a plethora of indulgences. From an exquisite art gallery to state-of-the-art movie theaters, a golf simulator to a bustling business center, every need and desire finds fulfillment within these walls. For families, a dedicated kids’ playroom ensures that little ones are equally catered to, while a full-service spa, beauty salon, and barber shop beckon residents to unwind and rejuvenate in style.
Ascend to level 55, where the true epitome of luxury awaits. The pool deck, with its inviting jacuzzis and private cabanas, offers a sanctuary amidst the bustling city below. Here, residents can bask in the warm embrace of the Miami sun or mingle in the opulent surroundings of the chef’s kitchen, ballroom, and private dining areas, all while enjoying panoramic views of the city skyline and the azure waters beyond.
In the heart of downtown Miami, where innovation meets elegance, the Aston Martin Residences stand not just as a symbol of luxury living but as a testament to the power of ambition and ingenuity. As residents settle into their new abodes, they do so knowing that they are not just homeowners but custodians of a legacy—a legacy built on the belief that with passion and perseverance, even the loftiest dreams can become reality.
ChatGPT Transforming Miami Beach: The Proposed 5-Story Office Building at 1100 5th Street
Miami Beach is poised for an exciting transformation with the proposal of a new 5-story commercial office building at 1100 5th Street, in the vibrant South of Fifth neighborhood. Designed by the renowned Eduardo Souta de Moura and Zyscovich Architects, and developed by Sumaida + Khurana in collaboration with property owners Roslyn and Norton Nesis and Robert and Miriam Weiss of Weiss Properties, this project promises to be a landmark addition to the area.
The planned building stands approximately 80 feet tall and encompasses a total construction area of about 101,424 square feet. The design incorporates a Floor Area Ratio (F.A.R.) of 65,274 square feet, which includes 43,797 square feet dedicated to office space. It also features 7,142 square feet of both indoor and outdoor amenities and 7,204 square feet allocated for a ground floor restaurant. Moreover, the design plans to provide 105 parking spaces to accommodate both tenants and visitors.
Situated on an “L” shaped parcel that stretches over approximately 0.75 acres, the site currently hosts two commercial structures. One is a former Pier One retail store, and the other a Burger King restaurant, both of which will be replaced by the new development. This location, at the intersection of Fifth Street, Alton Road, and Lenox Avenue, extending to 4th Street, is pivotal for enhancing the connectivity and aesthetic of the neighborhood.
The ground floor of the new building will house the main office lobby, a restaurant, and essential back-of-house facilities, along with a publicly accessible open court/patio. To align with the city’s resiliency policies aimed at reducing traffic, the project will also include a Mobility Hub, featuring long-term bicycle racks, lockers, a repair workshop, and showers for commuting cyclists.
The second level is designed for parking, including ADA-compliant spaces and VIP self-parking for office tenants. The upper floors, from the third to the fifth, will accommodate additional office spaces, promoting a modern, light-filled workspace with extensive balconies and glazing.
One of the project’s striking features is its architectural design, which transitions smoothly from the bustling commercial environment of Fifth Street to the quieter residential zones to the south and east. The building steps down in mass and height towards the south, integrating decorative columns that taper with each ascending floor, thus providing a harmonious transition to adjacent areas.
The development seeks a waiver to modify the sidewalk elevation along Fifth Street to better integrate with the existing landscaped areas and pedestrian pathways. Additionally, two variances are requested. One is for the design of an open court space, which, although larger than required, needs adjustment due to its integration with bus and pedestrian traffic. The second variance seeks a slight increase in the maximum building height to enhance the structure’s resilience to sea level rise.
The Miami Beach Design Review Board is set to review this application on June 6th. If approved, this project will not only provide much-needed office space but also boost local amenities and improve urban connectivity, making it a significant enhancement to the South of Fifth neighborhood. This development represents a thoughtful blend of modern design with practical functionality, aiming to set new standards for commercial office buildings in Miami Beach.
