Construction On Miami's First Supertall Tower 'Waldorf Astoria Hotel & Residences Miami' Progressing At One Floor Per 10 Days

Construction is progressing swiftly at PMG’s Waldorf Astoria Hotel & Residences Miami, an iconic project poised to redefine the Miami skyline as the city’s first supertall tower. This architectural marvel will stand 100 stories tall and reach heights of 1,049 feet, making it the tallest residential building south of New York City. As of now, construction has successfully progressed with the pouring of 19 floors, averaging one floor every ten days. The team has recently commenced work on the pool level, with the amenity level to follow shortly. Additionally, the installation of the glass facade for the first cube of the tower is currently underway.

The construction is managed by John Moriarty & Associates, with PMG leading the development in partnership with Canadian private equity firm Greybrook, global investment company Mohari Hospitality, S2 Development, and the prestigious hospitality firm Hilton, which secured a $668 million construction loan in June 2024.

Situated at 300 Biscayne Boulevard, Waldorf Astoria Hotel & Residences Miami will consist of 387 private residences and 205 luxurious guest rooms, providing breathtaking 360-degree views of Downtown Miami, Miami Beach, and the Atlantic Ocean. The project's innovative design features nine spiraling, offset glass cubes wrapped in a striking "glass skin," setting it apart from any other structure on the East Coast. Conceptualized by Sieger Suarez Architects in collaboration with renowned architect Carlos Ott, this extraordinary tower embodies modern luxury.

The hotel component will occupy the first three cubes, showcasing the iconic Waldorf Astoria brand's signature spaces and private amenities. Guests and residents will enjoy a wide array of features, including the famed Peacock Alley, a specialty restaurant, versatile event spaces, meetings and boardrooms, and a resort-style pool deck with private cabanas. A holistic wellness spa and fitness center will also be available for relaxation and rejuvenation.

Private residential amenities will ensure an elevated living experience, featuring an exclusive owners-only lobby and lounge, a hospitality suite for intimate gatherings, a billiard room, a children's club, and an elevated pool deck. Each residence will be equipped with cutting-edge smart-home technology, providing custom mobile app access to a host of concierge services—from dining reservations and 24/7 room service to spa treatments and dog walking services.

Managed by Hilton Management Services, Waldorf Astoria Residences Miami promises to deliver an unparalleled level of service and refined living experience, making it a true haven for both residents and guests alike.

Images via John Moriarity & Associates & ARX Creative

For more information about Waldorf Astoria Hotel & Residences Miami or to inquire about purchasing a unit please fill out the form below:

Supertall Waldorf Astoria Hotel & Residences Miami Locks Down Largest Construction Loan In Florida History at $668 Million

PMG, along with partners Canadian private equity firm Greybrook, global investment company Mohari Hospitality, S2 Development, and global hospitality company Hilton (NYSE: HLT) have secured $668 million in construction financing for Waldorf Astoria Hotel & Residences Miami. This monumental milestone marks the largest construction loan secured for a residential condominium development in Florida’s history. As the first supertall tower to break ground in Miami, the Waldorf Astoria Hotel & Residences Miami will rise as the tallest residential building south of New York City and signify iconic hospitality brand Waldorf Astoria’s entry in Miami.

Bank OZK and Related Fund Management provided the financing with the transaction brokered by Christopher Peck, Chris Drew, Brian Gaswirth, Jimmy Calvo and Mateo Bolivar of Jones Lang LaSalle (NYSE: JLL). Kramer Levin Naftalis & Frankel LLP and Saul Ewing LLP represented PMG and Greybrook. PMG Residential leads sales with Christian Tupper, Aura Aragon, Daiana Quiceno, Alejandra Castillo and Karine Carvalho as the exclusive team. The property is currently over 90% sold.

“This project’s success cannot be credited to one person or firm, as it was nothing short of a herculean effort by a collective of so many individuals to bring Waldorf Astoria Hotel & Residences Miami to fruition,” said Ryan Shear, Managing Partner at PMG. “Both the magnitude of financing we’ve secured for this project and its incredible buyer response is testament to the quality of product and strength of Miami’s real estate market, which remains one of the strongest markets in the country. We look forward to completing a record-breaking mat foundation pour this week and moving forward in the vertical construction of this iconic addition to Miami’s skyline.”

“PMG’s ability to secure financing for a project as significant and iconic as the Waldorf Astoria Hotel & Residences in today’s atmosphere once again underscores the confidence the capital markets has in our platform at large,” said Dan Kaplan, Managing Partner at PMG. “Recurring collaborations with institutions such as Bank of the Ozarks and Related Fund Management proves PMG’s both consistent and successful track record over the past three decades. We are excited to commence vertical construction and deliver what will ultimately be the defining building in the Miami skyline.”

Waldorf Astoria Hotel & Residences Miami will complete a record-breaking foundation pour this week led by the development’s general contractor John Moriarty & Associates alongside CAPFORM. Over the course of 36 uninterrupted hours, a continuous rotation of 1,400 trucks will deliver over 13,500 cubic yards of concrete to the development site. This pour commences vertical construction of the property which is slated for completion in Q2 2028.

“Reaching this important milestone is a testament to the effort and dedication put forward by our respective development organizations,” said Peter Politis, CEO, Greybrook Realty Partners. “This achievement underscores our commitment to delivering this landmark project and as the project advances into the vertical construction phase, we look forward to bringing this impressive structure to life.”

“We are delighted to finance another project for a quality sponsor like PMG. The premier nature of this mixed-use development, strong unit pre-sales, substantial equity investment, low leverage and sole senior secured position are all consistent with our lending strategy,” said Brannon Hamblen, Bank OZK President. “Miami continues to be an attractive market given its strong economic fundamentals, and is now the largest market for our Real Estate Specialties Group, surpassing New York, as of this year’s first quarter.”

Located at 300 Biscayne Boulevard, the architecturally awe-inspiring Waldorf Astoria Hotel & Residences Miami will feature nine spiraling, offset glass cubes designed to be evenly stacked and wrapped in what can be referred to as a “glass skin,” distinguishing the property’s architecture from anything else on the East Coast. With concept design led by Sieger Suarez Architects, in collaboration with renowned architect Carlos Ott, the 1,049 foot tower will consist of 387 private residences in addition to 205 guestrooms and suites within the luxury hotel, which will be in the first three cubes of the tower along with the hotel’s signature spaces and private amenities. The developers also partnered with award-winning interior design firm BAMO, which prides itself on creating captivating environments that flow, function and make people feel welcome, at ease and inspired to live and dream more fully.

Hotel guests and residents will have access to the Waldorf Astoria brand’s world-famous Peacock Alley; a specialty restaurant; indoor/outdoor pre-function and function event spaces; meetings and boardrooms; a resort-style pool deck with private cabanas; and a holistic wellness spa and fitness center. Private residential amenities will include an owners-only lobby and lounge; hospitality suite for chef’s tastings and intimate soirees; billiard room; kid’s club; and elevated pool deck. Each residence will include the latest smart-home technology with custom mobile app access to concierge services. The app will feature a full menu of available offerings, including dining reservations, 24/7 room service, spa, and fitness treatments, house car reservations, access to valet service, package delivery, and dog walking services. Waldorf Astoria Residences Miami will be managed by Hilton Management Services, providing residents and guests alike a truly refined haven through the brand’s relentless commitment to personalized service and best-in-class experiences.

For more information about Waldorf Astoria Hotel & Residences Miami or to inquire about purchasing a unit please fill out the form below:

Okan Tower Reveals Luxurious First Look At Upcoming Hilton Miami Bayfront Hotel

Okan Tower, the new mixed-use megaplex set to become one of the tallest towers on Downtown Miami’s skyline at 902', has revealed a first look at the luxurious renderings of its Hilton Miami Bayfront Hotel. Showcasing the awe-inspiring lobby entrance, reception area, and lobby bar, the sophisticated design created by interior designer Adil Tunca, is highlighted with sweeping, breathtaking views of vibrant Downtown Miami and Biscayne Bay.

Situated on the 13th – 30th floors of the soaring 70-story tower, the 316-key Hilton Miami Bayfront Hotel will offer endless amenity and entertainment areas exclusive to hotel guests spread across three dedicated amenity levels including a pool, fitness center, spa, and versatile meeting rooms with spacious ballroom space. Seamlessly blending elegance and modernity, the sleek Hilton Miami Bayfront Hotel will deliver an unparalleled guest experience for residents, visitors, and business travelers in Downtown Miami.

“We’re very pleased to partner with Hilton Hotels, renowned for their excellence in hospitality, as we bring to life a new destination that combines premium accommodations, unmatched views, and exceptional service,” said international property magnate and developer of Okan Tower, Bekir Okan, Chairman of Okan Group. “These new renderings highlight the remarkable design that awaits guests.”

Located at the crossroads of culture, entertainment, art, fine dining, Miami's waterfront and most celebrated cultural and entertainment institutions at 555 North Miami Avenue, the mixed-use tower will also feature 163 Sky Residences with exclusive owners-only amenities, 236 Short-Term Rental Residences powered by Hilton Hotels & Resorts, and 64,000 square feet of ‘Class A’ office space.