Cipriani Residences Miami Reveals The 1931 Collection, Two Crown Jewel Penthouses Listed For $33 Million & $19.8 Million

Cipriani Residences Miami has unveiled The 1931 Collection, an exclusive pair of ultra luxury penthouses inspired by the Venetian landmarks that shaped the Cipriani family’s legacy. Priced at $33 million and $19.8 million, The San Marco and The Torcello crown the 950-foot tower, bringing the brand’s celebrated tradition of Italian hospitality to the highest expression of branded residential living in North America.

Nearly a century after Giuseppe Cipriani opened Harry’s Bar in Venice, The 1931 Collection pays tribute to the places where the family’s story began. Named for the year Harry’s Bar first welcomed guests, The San Marco and The Torcello occupy the tower’s highest floors, drawing on the rituals, elegance and hospitality that have defined the Cipriani name since 1931. Timeless design, meticulous craftsmanship, gracious service and effortless entertaining come together in two singular homes overlooking Biscayne Bay, offering a distinctly residential interpretation of the brand’s enduring legacy.

“Authenticity is what ultimately distinguishes a truly exceptional branded residence,” said Camilo Miguel Jr., Founder and CEO of Mast Capital. “You cannot create it simply by placing a name on a building. With The 1931 Collection, we drew from the values and traditions that have defined Cipriani for nearly a century and considered how they could shape the way a home is designed, experienced and lived in today. The result feels unmistakably Cipriani and distinctly of Miami, while carrying forward a legacy that has endured across generations and creating homes intended to do the same.”

Long before wellness became a checklist of equipment, the Cipriani family measured it differently: by the table, and by how to better serve who was seated at it. Rather than treating wellness as a room to visit, The San Marco and The Torcello are designed around the rituals of gathering, cooking and entertaining long associated with longer, more connected living — a philosophy of wellbeing built on people, not equipment.

“Cipriani has never simply been about a place; it is about what happens within it and what people carry with them long after they leave,” said Giuseppe Cipriani. “Harry’s Bar, Piazza San Marco and Locanda Cipriani have been part of our family’s story for generations, but also of the lives of so many others. With The 1931 Collection, that spirit finds a new expression in Miami, where these residences can become the setting for celebrations, rituals and memories that belong entirely to the families who call them home.”

The San Marco

Named for San Marco, the Venetian “sestiere” or historic district of the Cipriani hospitality legacy, The San Marco is conceived as a private estate in the sky. Spanning three levels and 9,677 square feet of interior and outdoor living, the residence brings together extraordinary scale, timeless design and an uncompromising approach to entertaining, wellness and family life.

A soaring 24-foot Great Room opens to panoramic views of Biscayne Bay, creating a dramatic setting for everyday living and entertaining. Generously proportioned living and dining spaces are complemented by an integrated wet bar and dedicated wine display, while a statement kitchen island finished in lacquered wood and Calacatta marble and a fully equipped chef’s kitchen allow for everything from intimate dinners to larger celebrations.

The rooftop is devoted to outdoor living and personal wellbeing, with an infinity-edge swimming pool, summer kitchen and wraparound entertaining terrace overlooking Biscayne Bay. A private wellness room and in-residence gym set a daily rhythm of movement and recovery, extended outdoors through a dedicated cold plunge, hot tub and meditative massage pavilion — spaces conceived not as a spa to visit, but as a ritual to live within. A private putting green completes the experience.

The Torcello

Inspired by the quiet elegance of the island in the Venetian lagoon that has welcomed generations of guests to Locanda Cipriani, recently renovated, The Torcello offers a more intimate interpretation of The 1931 Collection. Encompassing 6,703 square feet of interior and outdoor living, it is designed for those who value privacy, craftsmanship and a life thoughtfully lived.

Every space is designed to feel equally suited to quiet moments and effortless entertaining. Generously proportioned living and dining spaces are joined by a statement kitchen island finished in lacquered wood and Calacatta marble, a fully equipped chef’s kitchen for private preparation, dedicated wine storage and a private screening room. The Midnight Bar creates another intimate setting within the residence — a room built for the same ritual of gathering after dark that has defined Cipriani hospitality since 1931, conceived for cocktails, conversation and the kind of evening meant to be remembered.

Well-being extends naturally from the interiors to the terraces, with a private wellness room and in-residence gym complemented by a dedicated outdoor cold plunge and hot tub, framing recovery and rest as part of the everyday rather than an occasional indulgence. An infinity-edge swimming pool overlooking Biscayne Bay, open-air shower, summer kitchen and wraparound terrace create a private outdoor environment for dining, entertaining and restoration.

Service, Carried Beyond Miami

Throughout The 1931 Collection, hospitality is designed to feel personal rather than programmatic. Residents can enjoy in-residence dining prepared by the Cipriani culinary team, bringing the family’s signature approach to food, service and entertaining directly into the privacy of The San Marco and The Torcello.

As owners within the Cipriani family, residents also carry that hospitality with them beyond Miami, with access to reservations across the family’s global address book, from Harry’s Bar in Venice to Cipriani restaurants, lounges and events in New York, Monte Carlo, Dubai, Hong Kong, Punta del Este and beyond.

Throughout The 1931 Collection, a refined palette of oak herringbone flooring, Calacatta marble, lacquered wood cabinetry and polished chrome detailing brings richness and depth to the interiors. Materials are carried across surfaces and spaces with a sense of continuity, allowing the craftsmanship and natural character of each finish to become an integral part of the residences.

Architecturally conceived by Bernardo Fort-Brescia of Arquitectonica, with bespoke interiors by 1508 London, The 1931 Collection represents the fullest expression of the vision for Cipriani Residences Miami. Generous proportions are balanced by warmth and intimacy, while abundant natural light and a fluid relationship between interior and exterior shape homes of extraordinary scale that remain deeply residential. Together, the architecture and interiors translate the elegance, ease and unmistakable character of Cipriani into a distinct Miami way of living.

As the first ground-up Cipriani branded residential development in North America, Cipriani Residences Miami brings the family’s nearly century-long tradition of hospitality into a new residential expression. Rising 950 feet above Brickell as the tallest residential tower south of Manhattan, the project is now 85 percent sold to buyers from over 30 countries ahead of its Summer 2027 occupancy.

Renderings via Hayes Davidson (unless otherwise noted)

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Cipriani Residences Miami Tops Off Construction, Surpasses 80% Sold Ahead of Summer 2027 Delivery

Cipriani Residences Miami, the Cipriani brand's first ground-up residential development in North America, has officially topped off construction, reaching its full height of approximately 950 feet and marking a major milestone ahead of its anticipated Summer 2027 delivery.

Miami’s skyline has been fast changing with the other tallest completed towers including Aston Martin Residences rising 817’, One Thousand Museum by Zaha Hadid Architects rising 706’, and Paramount Miami Worldcenter rising 700’. Under construction in Brickell is The Residences at 1428 Brickell which will rise 861’; and, in Downtown Miami are The Waldorf Astoria Hotel & Residences Miami, which will be Miami’s first completed supertall with construction closing in on 1,049’, and Okan Tower which will rise 902’.

Now more than 80% sold, the 85-story landmark has attracted buyers from more than 30 countries across the Northeastern United States, the West Coast, Latin America and Europe, reinforcing both the enduring global appeal of the Cipriani brand and Miami's position as one of the world's premier destinations for high-end real estate investment and residency.

With the tower now at full height, construction remains on schedule for Summer 2027 occupancy, making Cipriani Residences Miami one of the only ultra-luxury residential towers in Brickell expected to deliver this coming year.

"For nearly a century, our family, inspired by our Italian heritage and traditions, has welcomed people from around the world with the same philosophy: to create places where elegance, service and hospitality come naturally," said Giuseppe Cipriani. "I am excited to see this spirit continue through Cipriani Residences Miami. It is not simply a residential tower, but a home where people can experience the comfort of simple pleasures, timeless style and effortless living."

The topping off represents more than a construction milestone. It reflects Miami's continued emergence as one of the world's leading destinations for global wealth and long-term investment. Buyers have come from more than 30 countries, with particularly strong demand across the Northeastern United States, the West Coast, Latin America and Europe, as well as established Cipriani markets including London, Milan, Monte Carlo and Mexico. Increasingly, purchasers are choosing Miami as a primary residence rather than a seasonal destination, underscoring the city's evolution into a global financial and cultural capital.

"This milestone represents far more than reaching the top of the tower. It reflects the continued evolution of Miami as one of the world's premier destinations for high-end real estate," said Camilo Miguel Jr., Founder and CEO of Mast Capital. "As we celebrate reaching full height and surpassing 80 percent in sales, we continue to see extraordinary validation from buyers around the world who recognize the exceptional quality of what we have created alongside our partners. Cipriani Residences Miami embodies our vision of delivering a truly world-class residential experience where exceptional design, legendary hospitality and disciplined execution come together to establish a new benchmark for luxury living."

Designed by Arquitectonica with interiors by 1508 London, Cipriani Residences Miami brings nearly a century of Italian hospitality into a collection of 397 residences inspired by the legendary service and understated elegance that have defined the Cipriani family since Harry's Bar first opened in Venice in 1931.

Residents will enjoy more than 50,000 square feet of private amenities, including signature Cipriani dining experiences, a resort-style pool deck, wellness facilities, a holistic spa, private screening room, children's play spaces, business lounges and the exclusive 37th-floor speakeasy overlooking Biscayne Bay.

"Reaching the top of the structure is a significant achievement because it brings buyers one step closer to taking ownership of their homes," said Scott Moss, CEO of Moss Construction. "Constructing one of the tallest residential towers in the country requires extraordinary coordination, engineering expertise and craftsmanship. Every milestone reflects the commitment of hundreds of professionals working together to deliver a building that will define Miami's skyline and set a new benchmark for residential construction. With occupancy beginning next summer, buyers can now see that vision becoming reality."

As the brand's first ground-up residential development in North America, Cipriani Residences Miami represents the evolution of nearly a century of hospitality into a permanent residential offering. Combined with Miami's continued emergence as one of the world's foremost destinations for international business and global wealth, the development has established itself as one of the city's defining residential addresses.

Occupancy is anticipated in Summer 2027. Sales and marketing for the project are exclusively represented by Fortune Development Sales. Residences are priced from $1.8 million, with The Canaletto Collection beginning at $4.1 million.

Renderings via The Boundary

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Cipriani Residences Miami Rises to Become The Tallest Residential Tower South of Manhattan Passing 872 Feet

Cipriani Residences Miami, the first ground-up residential development in the Americas by the iconic Cipriani brand, has reached 872 feet, officially becoming the tallest residential tower south of New York City. As it continues its ascent toward an anticipated height of approximately 950 feet, the tower marks a defining inflection point in Miami’s evolution into one of the most consequential luxury residential markets in the United States. The project is expected to be completed in 2027.

Developed by Mast Capital, the milestone is being achieved as construction advances into the building’s final levels, including the forthcoming Penthouse Collection. In surpassing the 868-foot Panorama Tower, Cipriani Residences Miami establishes a new benchmark for residential height in both Miami and the state of Florida, placing it among a limited group of towers redefining the scale and ambition of vertical living beyond traditional gateway cities. The building has advanced at a notable pace, with construction rising at approximately one residential level every several working days, underscoring both execution and sustained demand.

“This milestone reflects a disciplined commitment to craftsmanship and the conviction that buildings of this scale must offer far more than height,” said Camilo Miguel Jr., Founder and CEO of Mast Capital. “What we are seeing is not only the physical rise of Cipriani Residences Miami, but the continued ascent of Miami itself. As global wealth, leading financial institutions, and major companies establish a permanent presence here, expectations around design, service, and overall quality have fundamentally evolved. Our responsibility has been to respond with a level of precision, rigor, and execution that defines its own standard. The residences at the pinnacle of this tower embody that ambition in its most refined expression.”

Cipriani Residences Miami now stands as one of Brickell’s most vertically ambitious residential towers, introducing a scale and presence more often associated with established markets such as Manhattan. Its prominence within the skyline reflects a broader shift in buyer expectations, where elevation, discretion, and a fully integrated standard of service have become defining elements of contemporary residential living. The project has already achieved significant sales to date, with a globally diversified buyer base spanning the United States, Latin America, and Europe.

Now reaching the level of The Penthouse Collection, the project enters its most rarefied phase. With architecture by Arquitectonica, under the direction of Bernardo Fort-Brescia, Cipriani Residences Miami will feature 397 one- to four-bedroom homes with interiors by 1508 London, reflecting the brand’s signature elegance through a refined palette of warm neutrals and rich wood tones. Positioned at the tower’s highest elevations, The Canaletto Collection, a limited offering of ultra-luxury homes, represents the ultimate expression of the building, where scale, craftsmanship, and Cipriani’s hospitality ethos converge. The most exceptional and final inventory sits at the very top, offering unobstructed views of the city skyline and Biscayne Bay as well as a level of privacy, refinement, and scarcity rarely achieved in the market.

“In conceiving Cipriani Residences Miami, we were inspired by the timeless connection between Venice and the water,” said Bernardo Fort-Brescia, Founding Principal of Arquitectonia. “The sweeping curving glass terraces reflect both the sky and Biscayne Bay, allowing the tower to feel connected to its South Florida setting. And as the tower reaches the skies, it dissolves into a series of terraces that define a unique profile.”

Cipriani Residences Miami offers a hospitality-led lifestyle anchored by more than 50,000 square feet of amenities, including a resident-only restaurant, private dining experiences, a 37th-floor speakeasy, a resort-style pool deck with cabanas, and a comprehensive wellness program. Residents will also benefit from Cipriani’s signature service, including in-home dining and concierge offerings, extending the brand’s legacy into a fully residential setting.

Set within Brickell, the city’s financial core, the tower rises at the center of one of the most dynamic economic transformations in the United States. Over the past several years, Miami has attracted an unprecedented influx of high-net-worth individuals, institutional capital, and global firms, with more than 300 financial companies now operating in the region. This sustained migration has repositioned Brickell as a true international business and lifestyle hub, where demand for primary residences continues to accelerate.

Sales and marketing efforts for the project are handled exclusively by Fortune Development Sales, with Residences starting from $1.8 million and The Canaletto Collection Residences starting from $4.1 million.

Renderings via The Boundary

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PMG and Ennismore Reveal Miami's 2nd Supertall Tower, The First-Ever Delano Branded Residences in Downtown Miami

Ennismore, one of the fastest-growing lifestyle hospitality company, and PMG, a national developer, have launched of the first-ever Delano residences in Downtown Miami and PMG’s second supertall tower in Miami. Ahead of the hotly anticipated reopening of the iconic Delano Miami Beach hotel, this new exclusive branded residential address in Downtown Miami, defined by refinement and enchantment, will honor the brand’s celebrated legacy by offering the world’s most curious, creative, and well-travelled tastemakers a place to call home.

Rising 90 stories in Downtown Miami, the newly built development will offer 421 residences, unobstructed views, and immersive amenities, including the Southeast’s first observation floor with a cantilevered glass deck and the legendary Delano Rose Bar, set high above the Miami skyline. Sales are slated to commence this March, with PMG Residential exclusively representing sales. Residences will begin at $800,000 USD.

Phil Zrihen, Deputy Group CEO of Ennismore, said: “The launch of Delano’s first branded residences marks a defining moment for the brand, extending its legacy of authentic hospitality, cultural relevance and exceptional design into the residential experience. Miami has always been central to Delano’s evolution, and there is no place better suited to translate the brand’s ethos, creative energy and emphasis on human connection into everyday living. With the reopening of Delano Miami Beach this year alongside this landmark development, we are entering a bold new chapter for Delano in the city where it all began.”

“For decades, Delano has been one of the most influential brands in shaping Miami’s identity,” said Ryan Shear, Managing Partner at PMG. “As someone born and raised here, I’ve seen firsthand the cultural impact it created — from its iconic MiMo roots to Philippe Starck’s whimsical design and the high-profile nightlife that helped define Miami on a global stage. Bringing Delano to Biscayne Boulevard is a natural next step for Downtown Miami, strengthening the connection between Miami Beach and the city’s evolving urban core. With PMG’s long-standing commitment to thoughtful development, and in collaboration with Ennismore, we’re proud to carry Delano’s legacy forward through a bold new landmark that will help shape Miami’s next chapter.”

Envisioned by conceptual artist Carlos Ott and architectural firm CUBE 3, the property will stand as an architectural marvel. Interiors are by award-winning design firm Meyer Davis, enveloping residents and guests alike in a refined, contemporary design with Delano’s inimitable look and feel. Each studio, one, two, and three-bedroom residence features custom kitchen cabinetry fabricated by Italian design house Italkraft, fully integrated Sub-Zero and Wolf appliance packages, custom bathroom cabinetry and countertops, Waterworks bathroom fixtures, and fully built-out closets. Contemporary lighting schemes and advanced smart home technologies will further enhance the living experience.

“This property is conceived as a vertical resort, layered laterally, where each ascent introduces a new environment,” said Will Meyer, Co-Founder, Meyer Davis. “Filtered light, sculptural circulation, and layered landscapes blur interior and exterior, creating a cocoon of energy and calmness that unfolds intuitively, inviting guests to move seamlessly through atmosphere, texture, and experience.”

In alignment with Delano’s legacy of crafting highly immersive, personalized experiences for guests, the residences will offer an engaging array of bespoke spaces exclusive to homeowners. A first for the region, situated 850 feet above Miami, the observation floor will feature a cantilevered glass deck and provide remarkable views of Downtown Miami and the Atlantic Ocean, showcasing the city like never before.

An elevated food and beverage offering will also create a lasting impression through its inclusion of Cafe Delano, an all-day signature restaurant, an iconic sky restaurant, and the Rose Bar. The Rose Bar is an intimate and glamorous space reimagined from the original Delano Miami Beach and is set to bring a cinematic and unmistakably Delano nightlife experience. Lastly, select residences will come with a deeded, glass-encased, fully furnished office suite, secure locking access, and complimentary Wi-Fi to deliver a comfortable, turnkey workspace.

Beyond these venues, residents can enjoy the Delano Members' Club, with world-class cultural programming, alongside a resort-style pool deck featuring a wraparound pool, lounge areas, and a bar, or the Sky Pool, which is 800 feet above Miami’s skyline and offers breathtaking views. In addition to a state-of-the-art fitness center, offering top-of-the-line equipment and a movement studio, the Delano residence offers a comprehensive wellness experience through The Source by Delano. Designed for the curious and culturally attuned, The Source by Delano blends intuitive spa rituals with bold social activations, giving guests and members a wellness journey that is radiant, revitalizing, and rooted in connection. It includes treatment rooms, a sauna, cold plunge, steam rooms, and private lockers.

The property is supported by Accor One Living, an industry-leading platform that offers a 360º approach to the development, design, and operation of mixed-use projects and branded residential communities. Through the Accor Ownership Benefits Program, residential owners will have access to signature benefits that elevate their daily lives, including global VIP recognition and Elite memberships in the ALL Accor loyalty and rewards program, with access to preferred rates at more than 45 brands and over 5,700 Accor and Ennismore hotels and resorts worldwide.

Core services will also be available to all owners as part of the community’s services, welcoming all to enjoy Delano’s comfort and convenience, including 24-hour doormen and reception, valet parking, 24-hour security, access-controlled entry points, and an expansive mail room with package storage. Through the Owner Concierge Service, residents will be able to enjoy “on demand” benefits including in-residence housekeeping, dry cleaning and laundry, pet services, and a “While You Are Away” maintenance package.

The sales gallery is located at 400 Biscayne Boulevard, Miami, FL and will open in March for tours.

Renderings via ARX Creative

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Nearly 1,000' (300m) Suptertall Cipriani Residences Miami Reaches Halfway Milestone In Brickell, Now Standing 44 Stories

Cipriani Residences Miami, the first-ever ground-up residential building by the world-renowned Cipriani brand in the Americas, has surpassed a major construction milestone underscoring not only its rapid vertical ascent but also its emergence as Miami’s definitive premier tower. With construction, overseen by Moss & Associates, now surpassing its halfway point and standing at 44 stories, the 80-story tower has completed its 37th floor, which will be home to an exclusive resident-only Cipriani speakeasy.

Reaching this milestone illustrates the building’s strong focus on a curated, experiential lifestyle, and places the project on track to become the tallest building in Brickell. Upon completion in 2028, Cipriani Residences Miami will rise close to an astounding 1,000 feet, ushering in a new era of supertall residential towers in the neighborhood.

“This is a pivotal moment that represents far more than the halfway mark toward the building’s crown,” said Camilo Miguel, Jr., CEO and Founder of Mast Capital. “With the completion of the 37th floor, we are celebrating our work redefining luxury living through record-setting vertical scale and lifestyle-driven design. We are also proving that our ambition is matched by our commitment to a swift delivery, as construction moves perfectly on schedule.”

At the heart of Cipriani’s 50,000-square-foot amenity collection lies a hidden gem: the speakeasy — an intimate, cinematic retreat that sets the tone for a lifestyle steeped in sophistication. Envisioned as a discreet social club in the sky, this resident-only lounge will serve signature Cipriani cocktails and refined light bites in an atmosphere of sophistication and connection. Here, culinary artistry merges effortlessly with spaces dedicated to wellness, leisure, and entertainment. Beyond the speakeasy, residents gain privileged access to a private Cipriani restaurant, 24/7 in-home dining, a resort-style pool deck, luxury spa with treatment rooms and sauna, pickleball court, golf simulator, screening room, and more—all conceived to create a fully immersive residential lifestyle. Every detail has been meticulously conceived to envelop residents in a world where elegance, comfort, and Cipriani’s legendary heritage converge.

The tower is climbing one level every three working days, one of the fastest vertical construction paces in Miami’s history. Behind this momentum is a next-generation, self-climbing slip form system, an advanced hydraulic technology that allows the building’s core to ascend continuously without crane dependency. This method maximizes efficiency and precision, enabling the tower to achieve supertall status safely and at speed.

In a district where land is scarce and values are soaring, Mast Capital’s decision to build upward reflects both necessity and ambition, transforming verticality into a new symbol of the city’s economic and cultural rise.

“In a neighborhood defined by skyrocketing land values and finite development opportunities, we chose to look upward and embrace verticality as both a necessity and an opportunity,” continued Camilo Miguel, Jr. “The result is a soaring architectural landmark that is a symbol of Miami’s global ascent as a leading hub for wealth, culture, and innovation.”

As Cipriani Residences Miami races skyward, its dual narrative—engineering excellence and experiential luxury—positions it not just as a building, but as a new status symbol for Miami. By marrying record-setting vertical scale with Cipriani’s legendary service, Mast Capital is delivering a project that will forever mark Miami’s ascent on the global stage.

Cipriani Residences Miami features 397 one- to four-bedroom residences with interiors designed by 1508 London to be aesthetically genuine to the renowned hospitality brand’s distinguished style. The top 18 floors feature The Canaletto Collection, a limited assemblage of six penthouses and 74 ultra-luxury homes. The Canaletto Collection offers priority access to amenities like the private speakeasy, exclusive global concierge services by BHB, and for purchase custom furniture and accessory packages crafted by 1508 London in two distinct styles.

Sales and marketing efforts for the project are handled exclusively by Fortune Development Sales, with Residences starting from $1.7 million and The Canaletto Collection Residences starting from $4.1 million.

Renderings via The Boundary

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FAA Approves Citadel's Foster+ Partners-Designed Brickell Supertall Tower At 1,049'

Citadel’s new Foster + Partners-designed supertall tower at 1201 Brickell Bay Drive has received FAA approval at 1,049’, the maximum height permitted in Miami. The proposed project will be a mixed-use development featuring 1.4+ million square feet of office space, a 212-room rooftop hotel, fine dining restaurants, a health spa, fitness club, and more. The tower will rise 58-stories of floors with the hotel lobby at the top 58th floor and a landscaped pavilion atop the tower on the 62nd floor. In January 2025 PROFILEmiami reported that Ken Griffin brought in New York-based Related Companies to develop co-develop the tower.

Designed by Foster + Partners, the 1.7+ million square foot supertall tower will serve as the headquarters for Griffin's Citadel and Citadel Securities. Construction of the $1 billion-plus development is expected to begin in late 2025, with plans for subsequent phases that include additional office space, residential units, and parking facilities across the street.

Renderings via Citadel

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

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Related Companies To Co-Develop Citadel's Waterfront Foster + Partners-Designed 1201 Brickell Bay Drive Supertall

Billionaire hedge fund manager Ken Griffin will be partnering with the New York-based Related Companies to develop co-develop Citadel’s new supertall tower at 1201 Brickell Bay Drive. The project, with a proposed height of 1,032 feet and 54 stories, will be a mixed-use development featuring 1.3 million square feet of office space, a 212-room rooftop hotel, fine dining restaurants, a health spa, fitness club, and more.

Designed by Foster + Partners, the 1.7 million square foot supertall tower will serve as the headquarters for Griffin's Citadel and Citadel Securities. Construction of the $1 billion-plus development is expected to begin in the third quarter of 2025, with plans for subsequent phases that include additional office space, residential units, and parking facilities across the street.

After announcing that both Citadel and Citadel securities will move to Miami from Chicago, Citadel was revealed as the buyer of 1201 Brickell Bay Drive after Tibor Hollo’s Florida East Coast Realty sold the 2.5 acre supertall development lot in a $363 million mega-deal in April 2022. Also in April 2022, Griffin acquired the adjacent 1250 Brickell Bay Drive and 1260 Brickell Bay Drive for $20 million, the lots total roughly 6,655 SF. The lots are adjacent to 1221 Brickell Avenue, which an entity tied to Citadel acquired in June 2022 for $286.5 million. The assemblage of properties spanning from 1221 Brickell Avenue to 1250-1260 Brickell Bay Drive is across the street from 1201 Brickell Bay Drive. The price equated to $145 million per acre, $3,340 PSF dirt value.

Ken Griffin’s net-worth is estimated to be about $31 billion and he has been one of the largest luxury property buyers in the world over the past several years. Also in Miami, Griffin has spent years and $170 million acquiring a Star Island assemblage. He made a splash when he acquired 8 Star Island Drive, a teardown built in 1993 on 1.8-acres, for $75 million. The sale set record for single-family home sales in Miami-Dade County at the time, a record Griffin is no stranger breaking. Griffin has also acquired the adjacent 10 Star Island for $25 million and 11 and 12 Star Island Drive in an off-market deal for roughly $37 million and 13 Star Island for $32.5 million. The acquisitions total $170 million. Griffin also set a record when he was revealed as the buyer in the mega-transaction for the four-acre waterfront Adrienne Arsht compound for a staggering $106,875,000.

Renderings via Foster + Partners

Ken Griffin's Citadel Reveals Plans For 1201 Brickell Bay Drive Supertall

Billionaire hedge fund manager Ken Griffin is making waves in Miami's Brickell neighborhood with plans for a new supertall tower at 1201 Brickell Bay Drive. The project, with a proposed height of 1,032 feet and 54 stories, will be a mixed-use development featuring 1.3 million square feet of office space, a 212-room rooftop hotel, fine dining restaurants, a health spa, fitness club, and more.

Designed by Foster + Partners, the 1.7 million square foot supertall tower will serve as the headquarters for Griffin's Citadel and Citadel Securities. Construction of the $1 billion-plus development is expected to begin in the third quarter of 2025, with plans for subsequent phases that include additional office space, residential units, and parking facilities across the street.

After announcing that both Citadel and Citadel securities will move to Miami from Chicago, Citadel was revealed as the buyer of 1201 Brickell Bay Drive after Tibor Hollo’s Florida East Coast Realty sold the 2.5 acre supertall development lot in a $363 million mega-deal in April 2022. Also in April 2022, Griffin acquired the adjacent 1250 Brickell Bay Drive and 1260 Brickell Bay Drive for $20 million, the lots total roughly 6,655 SF. The lots are adjacent to 1221 Brickell Avenue, which an entity tied to Citadel acquired in June 2022 for $286.5 million. The assemblage of properties spanning from 1221 Brickell Avenue to 1250-1260 Brickell Bay Drive is across the street from 1201 Brickell Bay Drive. The price equated to $145 million per acre, $3,340 PSF dirt value.

Ken Griffin’s net-worth is estimated to be about $31 billion and he has been one of the largest luxury property buyers in the world over the past several years. Also in Miami, Griffin has spent years and $170 million acquiring a Star Island assemblage. He made a splash when he acquired 8 Star Island Drive, a teardown built in 1993 on 1.8-acres, for $75 million. The sale set record for single-family home sales in Miami-Dade County at the time, a record Griffin is no stranger breaking. Griffin has also acquired the adjacent 10 Star Island for $25 million and 11 and 12 Star Island Drive in an off-market deal for roughly $37 million and 13 Star Island for $32.5 million. The acquisitions total $170 million. Griffin also set a record when he was revealed as the buyer in the mega-transaction for the four-acre waterfront Adrienne Arsht compound for a staggering $106,875,000.

Renderings via Foster + Partners

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.

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