Shoma Group Breaks Ground on Shoma Bay Luxury Waterfront Residences in North Bay Village

Miami-based developer Shoma Group has broken ground on Shoma Bay in the waterfront community of North Bay Village, Florida. With this groundbreaking, Shoma Group aims to fill a significant gap in the North Bay Village community, which has been virtually untouched from a development standpoint for approximately a decade. Since its launch in September 2022, Shoma Bay has become the benchmark for future residential projects in North Bay Village. Masoud Shojaee, CEO and Chairman of the Board at Shoma Group, recognized the island’s potential as a hidden gem early on, making Shoma Bay the first development to capitalize on North Bay Village’s evolution.

"We are thrilled to commence the construction of Shoma Bay, a project that exemplifies our commitment to delivering exceptional residential experiences," said Masoud Shojaee, CEO and Chairman of the Board at Shoma Group. "This groundbreaking marks the beginning of a new era in North Bay Village, where residents will have the opportunity to embrace a luxurious bay-front lifestyle in one of Miami's most sought-after communities."

Shoma Bay will offer 333 luxury residences, three of which have been combined into larger units. The project’s assortment of meticulously designed floor plans include furnished studios to three-bedroom units, ranging from 344 to 2,700 square feet, and 10 penthouses; Masoud and his wife Stephanie Shojaee, President of Shoma Group, will be residing in one of these penthouses. Pricing of available inventory starts at $750,000 with ISG World as the exclusive sales team for Shoma Bay.

Each residence will be thoughtfully crafted to optimize comfort and functionality, with abundant natural light and elegant finishes curated by renowned designer Adriana Hoyos. By blending classic art-deco elements with a contemporary aesthetic, the building's sophisticated design and thoughtfully crafted amenities will cater to individuals seeking a holistic approach to living, seamlessly integrating work, wellness, and leisure.

Separate from the offerings of the standard residences, Shoma Bay’s penthouses will showcase unique finishes. Penthouse kitchens will feature an exclusive Gaggenau Appliance Collection, including a French Door Panel-Ready Refrigerator and Freezer, a Panel-Ready dishwasher, a Wall Oven, and an Induction Cooktop. The bathrooms will feature an exclusive Armani Bathroom Collection, including a Frameless Rain Shower and a Designer Soaking Tub in select units.

The development will also include a resident lounge and bar, a spa with a hammam, a golf simulator, a two-story state-of-the-art fitness center, a pet spa, a kids club, a theater room, a wine cellar, a cigar lounge, and a Zen Garden with fire pits. The highlight of the development will be the expansive 6,030-square-foot pool deck, offering panoramic views of Biscayne Bay, complete with a pool, cabanas, and a summer kitchen. Residents will also benefit from designated parking, electric vehicle charging stations, a bike room, storage spaces, a grocery delivery room, and other conveniences. Additionally, the project will be anchored by a 35,037-square-foot Publix supermarket and 15,628 square feet of retail space, which includes a rooftop lounge.

"We are incredibly excited to break ground on Shoma Bay and embark on this transformative journey in North Bay Village," said Stephanie Shojaee. "At Shoma Group, we meticulously craft each development with the future residents in mind, ensuring that every detail enhances their comfort and enriches their lifestyle. That's what they will experience firsthand at Shoma Bay. From the serene resident lounge to the state-of-the-art fitness center and the panoramic pool deck overlooking Biscayne Bay, we have curated a collection of exceptional amenities that will elevate the living experience for our residents."

Situated at 1850 John F. Kennedy Causeway, Shoma Bay benefits from a prime location at the intersection of 79th Street Causeway and East Treasure Drive. Residents will enjoy convenient access to major highways and a plethora of world-class dining, retail, and entertainment options South Florida offers. The project’s anticipated completion date is the end of 2026.

For more information about Shoma Bay or to inquire about purchasing a unit please fill out the form below:

Ella Miami Beach Launches New Short-Term Rental Approved Studio Residences

Vietmar, Constellation Group and The Boschetti Group have revealed a new line of 30 studio units at Ella Miami Beach, redefining affordable luxury in the heart of Miami Beach. Priced starting in the $500,000s, these studios provide an accessible entry into the exclusive Miami Beach market, perfect for pied-à-terre seekers and savvy investors seeking passive income.

Meticulously designed to optimize space and functionality, the elegant studio residences, each spanning approximately 340 square feet, feature thoughtfully integrated built-ins, sleek kitchens, ample closet space, and smart storage solutions, ensuring a seamless and meticulously designed living experience. Embracing the outdoors and beautiful Miami Beach weather, each studio also includes a private terrace.

Ella Miami Beach offers a luxurious and convenient lifestyle with a prime location just two blocks from the beach and surrounded by top retail and dining options. The low-density design of only 103 residences ensures a sense of exclusivity and privacy. Unrivaled amenities, including access to a private beach club, coworking space, a resident lounge, and a rooftop deck with a pool, fitness center, and meditation/yoga lawn, provide residents with endless opportunities for relaxation and recreation. Onsite parking and property management make life at Ella Miami Beach seamless and convenient.

With competitive pricing starting in the $500,000s and fully furnished, turnkey studios available, this is the perfect opportunity for those looking for a luxurious beachside retreat. Additionally, the option for short-term rentals, operated by Nomada Residences, allows for the potential for hassle-free passive income.

"We are excited to introduce these studio units, which provide an unrivaled value proposition for those looking to invest in Miami Beach," said Eduardo Otaola, Managing Principal of Constellation Group. "With its prime location, exceptional amenities, and competitive pricing, these studios are set to become a coveted asset for both personal use and investment purposes."

"The launch of these studios aligns perfectly with our mission to deliver high-quality, functional, and aesthetically pleasing living spaces," said Jose Boschetti, Managing Principal of The Boschetti Group. "We are confident that this new offering will exceed the expectations of both residents and investors, offering a unique blend of luxury, convenience, and classis Miami Beach style."

Ella is designed by world-renowned architecture firm, Arquitectonica. "We drew inspiration from Miami Beach's art deco period, integrating modern elements and nautical themes to create a building that is both nostalgic and forward-looking," said Raymond Fort, Vice President and Designer at Arquitectonica. "Our goal was to capture the essence of Miami Beach's historical charm while providing contemporary functionality and elegance."

The award-winning Interiors by Steven G team has provided fully furnished packages for all the units, blending classic art deco elements with modern design to create a stunning and efficient living space. "We wanted to create interiors that evoke the glorious heyday of Miami Beach, combining the rich textures and bold geometry of art deco with the clean lines and practicality of modern design," said Steven G, owner of Interiors by Steven G. "The result is a beautiful, functional, and luxurious experience for residents."

The new studios at Ella are expected to attract significant interest from both domestic and international buyers. The combination of luxury, affordability, and investment potential makes this development a standout choice in the Miami Beach real estate market.

For more information about Ella Miami Beach or to inquire about purchasing a unit please fill out the form below:

BH Group, PEBB Enterprises and Related Group Acquired Mixed-Use Shopping Center Development Site For $48.5 Million In Fort Lauderdale

BH Group, PEBB Enterprises and Related Group have closed the $48.5 million acquisition of a waterfront mixed-use shopping center with fully entitled development rights in Fort Lauderdale. The joint venture plans a transformative mixed-use project with brand-new residences, retail and restaurant space. This strategic acquisition underscores the collaborative vision of the partners to enhance urban living and dining experiences in Fort Lauderdale. Amerant Bank provided acquisition financing. BH, PEBB and Related plan to unveil project details in the coming months which will aim to create a vibrant, multifunctional space that caters to both residential and commercial needs.

Located at 1515 SE 17th St. in the city’s Harbordale neighborhood, the 7-acre site is entitled for the development of 361 residential units and 12,000 square feet of retail and restaurants. The site is home to an existing 73,000-square-foot shopping center, The Quay, with the popular Boatyard restaurant, a variety of additional eateries and yachting tenants. It also includes a marina and two-story office building. The property will undergo significant improvements to align with the new development vision.

“Opportunities to acquire an infill waterfront site in a high-traffic area near downtown Fort Lauderdale do not come around often,” PEBB Chief Investment Officer Eric Hochman said. “Our partnership is well-positioned to maximize the site’s tremendous potential. This project will bring unique value to the local community, including new job opportunities and enhanced lifestyle amenities.”

Continuum Company Expands North Bay Village Assemblage With Acquisition of Waterfront Property and Marina

Continuum Company  has expanded their North Bay Village assemblage with the acquisition of Shuckers Waterfront Bar & Grill and Best Western On The Bay Inn & Marina in North Bay Village. An acquisition and pre-construction development loan was secured for $67.5 million from  Longline Financial. The property is adjacent to the company’s latest waterfront development in North Bay Village, Continuum Club & Residences, expanding the firms North Bay Village waterfront footprint to 4.5 acres.  The on-site restaurant and hotel will continue to be open and fully operational.

"Securing Shuckers Waterfront Bar & Grill and Best Western On The Bay Inn & Marina demonstrates Continuum's confidence in the promising future of North Bay Village,” said Alexandra Eichner, president of Continuum Florida. "This premier acquisition marks a significant milestone in bringing that vision for North Bay Village’s exciting development to life.” 

“The vision for North Bay Village is exactly the same as the Continuum on South Beach 20 years ago.  We saw a substantially undervalued oceanfront development opportunity and then transformed the neighborhood into one of the most coveted places to live” said Ian Bruce Eichner, Chairman and CEO of Continuum Company. “And this waterfront island address is surrounded by the best of Miami; the Beaches, Bal Harbor Shops, Wynwood, Design District, Culture and Dining, Schools and Country Clubs.”

North Bay Village is primed for re-development following its 2020 rezoning, which is heralding a new era of luxury and elevating the waterfront enclave to  new heights.  Continuum Companies recently launched Continuum Club & Residences, the newest luxury bayfront condominium in Miami's exclusive North Bay Village which is adjacent to the Shuckers Waterfront Bar & Grill property and will rise 32 stories offering 198 residences. Other development projects in the neigborhood include Shoma Bay and Pagani Residences Miami.

ABH Developer Breaks Ground On Two Projects In Wynwood Norte District

On the heels of breaking ground on Casa Wyn and Wyn 05 in Miami’s Wynwood Norte district, ABH Developer Group has broken ground on two more projects in the heart of the district. The first, Wyn Ave, located at 3332 NW 5th Ave., is a six-story mixed-use development featuring 44 apartments and 2,370 square feet of square feet of ground floor retail space. The second, W35 located at 319 NW 35th St., is a five-story mixed-use development featuring 24 apartments and 2,500 square feet of ground floor office space. MG3 serves as the general contractor for both projects. W35 is scheduled to be completed first in Q2 2025 with Wyn Ave following shortly thereafter in Q3 2025.

Designed by Modis, Wyn Ave seamlessly integrates a modern, urban design. The project offers a variety of studio, one- and two-bedroom layouts spanning from 423 to 874 square feet. Apartments include contemporary finishes, state-of-the-art kitchens and washer and dryer. Five retail spaces on the ground level will fuse the streetscape with vitality, among them of which is a prominent tenant to be announced in the near future. The building includes many desirable amenities including a rooftop pool deck, fitness center, garden, co-working spaces and electric car charging stations. With rents starting at $2,400, Wyn Ave is a rare opportunity for those seeking attainable rental options in a prime Miami location.

Also designed by Modis with a modern urban design, W35 offers move-in ready studios, one- and two-bedroom apartments ranging from 477 to 510 square feet. Units include high quality contemporary-style finishes, walk-in closets and washer and dryer. A rooftop terrace with a barbecue area and solarium provides an ideal setting for entertainment and relaxation with outdoor workspaces that deliver a serene environment for productivity. To promote eco-friendly transit, all residents will have access to complimentary on-demand electric scooters, fostering sustainable and convenient exploration of Wynwood, the Design District and Midtown.

"We're thrilled to have reached these milestones and extend our appreciation to the community for their unwavering support," stated Alexis Bogomolni, CEO of ABH Developer Group. "Wyn Ave and W35 are symbols of our dedication to sustainability and the creation of accessible living spaces in the dynamic Wynwood Norte District. Our vision is to help sculp the future of the Wynwood Norte community, enrich lifestyles, and contribute to the area's vibrancy. We’re excited to get these developments off the ground and deliver beautiful projects to the area.”

Valentin Carbonell, COO of ABH Developer Group, added, “These two pivotal projects will help reshape the 5th Avenue corridor in Wynwood Norte. Surrounded by an array of dining options, nightlife and easy access, 5th Avenue is becoming a hub of convenience and culture in our community, and we’re pleased to be part of the neighborhood’s revitalization.”

The Wynwood Norte district is bordered by I-95 to the west and North Miami Avenue to the east, and Northwest 29th Street to the south and I-195 to the north. Given its walkability to many art, cultural and entertainment and dining destinations along with its recent zoning overhaul, the neighborhood is poised for significant development.

ABH has topped off construction on Wyn 05, a mixed-use rental community with 25 modern apartments and approximately 1,000 square feet of retail space, and is under construction on Casa Wyn, a 24-unit condominium, both in Miami’s Wynwood Norte district. ABH Developer Group is the largest property owner in the Wynwood Norte District, having assembled a total of 180,000 square feet since 2021. The firm has 13 projects ranging from 24 to 150 units in various stages of development within the Wynwood Norte boundaries.

MG Developer Partners With Interior Designer Nina Takesh On 'The George' In Coral Gables

MG Developer, a leading real estate development firm headquartered in Coral Gables and Los Angeles based Nina Takesh, founder of the eponymous design firm Nina Takesh Designs, have formalized an agreement for “The George,” an ultra-luxury 13 townhome development poised to be the crown jewel of the master-planned “Biltmore Square” enclave; named after the Founder of Coral Gables, George Merrick. MG Developer acquired the last parcel of land available in Coral Gables’ Biltmore Square area at the end of 2023 and is anticipated to break ground by the 4th quarter of 2024. This townhome collection is set to become a landmark development in Coral Gables and will complete MG’s master-planned community, Biltmore Square.  

Los Angeles-based Interior Designer Nina Takesh will lead the interior design for “The George,” MG Developer’s latest ultra-luxury townhome project in Coral Gables. With a global client base and over one million followers across her social media channels, Nina has designed for celebrity clients such as Jennifer Lopez, Gwen Stefani, and Madonna, to name a few. Nina collaborates with top brands and serves as an ambassador for Jenn Air. Her YouTube channel, Red Elevator, highlights her design expertise and passion, solidifying her reputation as a global design icon.

Takesh’s approach includes personalized consultations to capture clients' visions and preferences, followed by the creation of sophisticated and functional design concepts. Her team will meticulously plan room layouts, select all high-quality finishes, fixtures, and furnishings, and devise comprehensive lighting schemes to enhance the ambiance of each space. Throughout the project, Takesh will collaborate closely with architects and contractors to ensure the seamless execution of her design vision.

Additionally, she will oversee project management to maintain timelines and budgets, adding final styling touches for client approval. To engage the community and showcase the development's progress, Takesh will implement a strategic social media campaign across platforms like Instagram, YouTube, Facebook, Pinterest, and TikTok.

Nina Takesh Designs and MG Developer are committed to delivering superior excellence in The George’s interior design, which will reflect the property’s unique personality and the discerning lifestyle of its Coral Gables residents.

For more information about The George or to inquire about purchasing a unit please fill out the form below:

Oak Row Equities Reveals ODP Architects-Designed 'First & Fifth' Across from MiamiCentral Brightline Station

Oak Row Equities, a vertically integrated private equity and real estate development company with over 4 million square feet of development in South Florida totaling $1.6 billion, has announced the acquisition of 49 NW 5th Street in Downtown Miami as well have introduced a new ODP Architects-designed luxury multifamily tower dubbed ‘First & Fifth’, set to rise 45-stories on the site which is located across from MiamiCentral Station – the hub of all four major train systems in South Florida.

Oak Row Equities purchased the $38.5 million site off-market and structured attractive seller financing supported by in-place income at a time of limited land acquisitions in the market. The location for First & Fifth features a rare perfect transit score of 100. Globally esteemed architecture firm ODP is designing a spectacular tower to pay homage to Miami’s turn-of-the-century Venetian architecture while offering an extensive package of modern amenities for renters. Colliers Executive Managing Director Mika Mattingly and Senior Associate Cecilia Estevez of the South Florida Urban Core Team & Vincent Pastore of Pastore and Associates represented the seller in the transaction.

"First & Fifth exemplifies our thesis that the ability to live, work, and play within a short walk or train ride will become critical to a renter's decision process in South Florida," said Erik Rutter, Managing Partner at Oak Row Equities. "We are proud of our partnership with the City of Miami and the diligence of our team in structuring this deal while navigating historic preservation and zoning requirements."

"This Downtown acquisition is a culmination of conviction, persistence, collaboration, and vision," says David Weitz, Managing Partner at Oak Row Equities. "We couldn't be more excited to continue planning this landmark transit-oriented development. We are eager to present First & Fifth to the capital markets and future tenants."

First & Fifth is a 700,000 gross SF development with 500 luxurious multifamily units featuring top-of-the-line finishes, stunning views, a robust amenity package, and unparalleled transit access. The new structure features statement-making arches that embrace the past and seamlessly blend with the project's historical portion, drawing inspiration from the Doge Palace in Venice. ODP Architecture and Design created bright, airy spaces throughout the building, offering a multitude of uses and open views of the city.

First & Fifth is located catty-corner from the entrance to MiamiCentral Station – the cornerstone of Brightline's $5 billion investment in Florida. MiamiCentral is the connecting point for the Brightline, Metrorail, Tri-Rail, and the Metromover. The site is squarely within Downtown's growth path – steps from MiamiCentral's new office buildings, Miami Dade College’s Wolfson Campus, the federal courthouse, Miami Worldcenter’s restaurant and retail amenities, and the Miami Heat's arena.

Transit-oriented developments are critical to ORE's long-term thesis, evident across its active portfolio. The Oasis, Wynwood Plaza, 2600 Biscayne Boulevard, and 2900 Terrace are all located less than a 5-minute walk from a planned Northeast Corridor rail station, providing connectivity locally throughout Miami and regionally to Fort Lauderdale, Boca, West Palm Beach, and Orlando via the Brightline.

The Horizon Group Breaks Ground on 9900 West in Bay Harbor Islands

The Horizon Group, a prominent real estate developer with a significant portfolio in the New York City area, has commenced construction on 9900 West, a luxury residential project on South Florida’s Bay Harbor Islands. This boutique condominium development blends the allure of single-family home intimacy with the conveniences of elevated island life.

David Marom of The Horizon Group, highlighted the project's enduring appeal: "Our philosophy has always been to deliver projects that will stand the test of time, and we are proud to bring a property of this caliber to South Florida. The attention to detail in every aspect of 9900 West aims to redefine luxury living on Bay Harbor Islands."

Located at 9900 West Bay Harbor Drive along the Indian Creek waterway, 9900 West is a seven-story condominium desgined by award-winning Frankel Benayoun Architects. With only 23 residences, including four penthouses, the boutique building promises exclusivity and privacy.

The residences, which range from 1,202 to 3,206 square feet with prices ranging from $1.55 million to $5.5 million, offer seamless indoor-outdoor transitions with floor-to-ceiling windows and glass-encased terraces. Interiors, crafted by Craft Studio, feature European-style kitchens equipped with Miele appliances, Quartz countertops, and wine refrigerators, while primary suites have spacious walk-in closets and spa-inspired bathrooms.

9900 West integrates over 5,000 square feet of tropical gardens and serene water features, courtesy of Geomantic Designs. The rooftop, spanning 9,000 square feet, includes a Finnish overflow saltwater pool and spa, trellis-covered lounge areas, and views of the private ten-slip marina with access to Biscayne Bay and the Atlantic Ocean.

Residents will have access to a suite of personalized services, including an attended lobby and concierge, dockside pick-up and drop-off, a private entertainment suite with dining and catering facilities, a state-of-the-art fitness center and spa, and a custom wellness package. Additional amenities include a children’s playroom, dog grooming room and beach club membership.

“Bay Harbor Islands has always been a remarkable residential enclave naturally offering so many of the key elements that sophisticated residential buyers seek, it’s no surprise that 9900 West has experienced incredible demand as it continues to elevate the residential offerings on the island” said Jay Phillip Parker, CEO of Brokerage, Florida Region and President of Douglas Elliman Development Marketing, Florida.

The project is slated for completion in 2026. The 9900 West sales gallery is currently open at 1111 Kane Concourse, Suite 303, Bay Harbor Islands, managed exclusively by Douglas Elliman Development Marketing.

For more information about 9900 West or to inquire about purchasing a unit please fill out the form below:

The Nora District In West Palm Beach Locks Down $84 Million in Construction Financing

NDT Development, Place Projects and Wheelock Street Capital have secured $84 million in construction financing for Phase I of The Nora District, a dynamic 40-acre hospitality destination in Downtown West Palm Beach. Named after North Railroad Avenue, Nora will be a vibrant pedestrian-friendly district curated with best-in-class food and beverage establishments, boutique fitness and wellness, lifestyle retail and creative office experiences.

Bank OZK provided the financing with the transaction brokered by Steven Klein, Brian Gaswirth and Mateo Bolivar of Jones Lang LaSalle (NYSE: JLL)

Phase I of Nora, which will include over 150,000 SF of adaptive reuse and new development, broke ground in June 2023 and is slated for completion in early 2025. Turn-of-the-century railway warehouses will be reimagined into ground-floor retail celebrating local and national talent with innovative open spaces and art in public places. Phase I will also include over 55,000 SF of second-floor showroom and creative Class-A office space.

“In collaboration with NDT Development, Wheelock Street Capital and local city officials, Place Projects remains bullish on the transformation of the Downtown West Palm Beach area while honoring architectural preservation and exceeding the demands for best-in-class dining, lifestyle and office experiences of the rapidly growing area,” said Joe Furst, Founder and Managing Principal of Place Projects.

Confirmed retailers in Phase I include Loco Taqueria & Oyster Bar, New York City’s H&H Bagels, Van Leeuwen Ice Cream, New York City’s The Garret Group, Juliana’s Pizza, West Palm Beach’s Celis Juice Bar and Café, Del Mar Mediterranean Restaurant as well as Sana Skin Studio, Hamptons-based clothing boutique Mint, The Spot Barbershop and boutique fitness brands Rumble and [solidcore], with more to be announced.

The development’s future phases will include additional retail and office as well as multifamily residential offerings that will complement the existing neighborhood to support the rapidly expanding downtown core and The Nora Hotel, a brand new 201-key boutique hotel developed in partnership with BD Hotels and Sean MacPherson, behind some of New York City’s most iconic hotels like The Bowery, Mercer, Chelsea Hotel and others.

Rendering via ASD Sky

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: