Waldorf Astoria Is Coming To Downtown MiamiSeptember 28, 2018
Property Markets Group (PMG) has finally announced what is in store for 300 Biscayne, a lot on which they have been quietly planning “something amazing” for over a year. It was released today that Miami is getting a Waldorf Astoria!
At 1,049 feet, it will surpass Panorama Tower as the tallest building in Miami and will become the tallest building South of Manhattan. Even New York’s iconic Chrysler Building stands 1,046 feet in the skyline, so this is really something significant. The tower is designed by Miami’s Sieger Suarez Architects, who are also responsible for the designs of South of Fifth’s Apogee, Murano Grande, Marea as well as Muse in Sunny Isles and Privé in Aventura among others. All of these buildings are stars in our skyline and with the stacked cube design of the new Waldorf Astoria, it is sure to be in good company.
While prices have not yet been released, we do know that PMG is planning a 140-key hotel and 400 condos that will break ground next year. The condos will have bay views overlooking the Port of Miami across the street from Bayfront Park and the building is walking distance to the American Airlines Arena, the Perez Art Museum and the Frost Science Museum. The sunset views will overlook Downtown Miami’s historic district including the 1928-built courthouse that housed Al Capone during his 1930 trial along with the beautiful DuPont Building that was built in 1939.
PMG is also responsible for developing ECHO Brickell, another star in the skyline as well as Muse in Sunny Isles, ECHO Aventura, and 111 W 57th Street in New York’s “Billionaire’s Row.” They are operating as co-developers with Greybrook Realty Partners from Toronto and S2 Development from Miami.
“We are thrilled to bring the rich history and heritage of this hotel brand to Miami,” said PMG’s principal Ryan Shear via press release. “The city continues to thrive as a top global destination with increasing arts, culture, tourism, fashion and luxury brands. The partnership is a major milestone for Miami’s real estate and hospitality industries.”
If you would like to be among the first to receive floor plans and purchase opportunities, please reach out to us and we will make sure you receive the information you need. This is a very exciting day for Miami!