Construction on the 3rd floor.
Glass will begin to arrive this month.
Over 93% sold.
2 Bedroom Residences from $3.3M / 3 Bedroom Residences from $4.5M / 4 Bedroom Residences from $7.4M
100-story tower located in Downtown Miami across from Biscayne Bay
Conceptually designed by world renowned architect Carlos Ott in collaboration with Sieger Suarez Architects
387 branded luxury residences
Sectioned in 9 glass cubes
First 3 cubes contain hotel rooms, suites and amenities
Cubes 4-8 residential units
Cube 9 penthouse units
Private & Semi private elevators
Incredible 360 degree views to City, Bay and Ocean
Estimate $1.19 cents per square foot for monthly condo maintenance fee
Not a Condo-Hotel. No Hotel rental program available
Rental period allowed: 6 months minimum
Interiors created by BAMO design firm
Peacock Alley
True Waldorf Service and concierge
Unobstructed views of city and downtown skyline, Miami Beach and Atlantic Ocean
Waldorf Astoria immersive resort-style pool with outdoor café and private cabanas
Private Bar/ Wine Tasting Room
Signature Restaurant
All-Day Dining Brasserie
Pre-function and function spaces
Meeting and boardrooms
24-hour valet parking
400 N Biscayne Boulevard, Miami FL 33132
Request a private presentation and learn all the features and benefits of this amazing building
Vice President of Sales
Property Markets Group
IN-HOUSE REPRESENTATIVE
Realtors & Buyers Welcomed
786-351-3342
400 North Biscayne Blvd, Miami FL 33132
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, 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 Sami Mouaket, Director of U.S. Investments & Development at Greybrook. “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.
In Commercial, Development, Development News, Finance & Banking, Hospitality, Hotels, Luxury Real Estate, Luxury, News, News & Features, Residential, DowntownTags News & Features, News, Waldorf Astoria, Waldorf Astoria Miami, Waldorf Astoria Hotel & Residences, Development, Development News, Commercial, Residential, Luxury Real Estate, Hotels, Hospitality, Luxury, Downtown, Downtown Miami, Supertall, PMG, Greybrook, Greybrook Realty Partners, Mohari Hospitality, S2 Development, Hilton, Bank OZK, Banking, Finance & Banking, Finance, Construction Loan, Related Fund Management, Featured
Construction Update Q1 2024
PROPERTY MARKETS GROUP Founded in 1991 by Kevin Maloney, Property Markets Group(“PMG”) has direct hands-on experience in the acquisition, renovation, financing, operation, and marketing of commercial and residential real estate. A development firm of national scope, PMGhas over 150 real estate transactions including over 80 residential buildings in Manhattan during its 25-year history. PMG has distinguished itself over the last decade for its development of new construction condominium developments in New York City, Miami, and Chicago.
With more than 40 years of unparalleled design and architectural experience, Carlos Ott has been hailed as one of the best conceptual minds of his generation. A recipient of a Fulbright scholarship and a winner of numerous competitions as well as architectural prizes, Ott is a prodigy. Globally recognized, his signature designs can be found throughout France, Germany, China, Singapore, Dubai and more.
BAMO based in San Francisco. Selected for this project for their sophisticated approach to High-end hospitality projects and experience. Spanning 20 countries on 5 continents, it’s residential and hospitality portfolios includes luxury houses, condominiums, hotels, resorts, restaurants, spas, and the occasional superyacht. Each BAMO project is purposely planned, each design is distinctive. Having style is their hallmark. Responding to the context of the property, they are able to design with integrity and at a level that resonates with people from all corners of the world. The firm, their team and their projects have been honored with numerous awards, including Gold Key Designer of the Year and the induction of the founders into the illustrious Platinum Circle.
Extraordinary places. A singular experience.
In exceptional destinations around the globe, their properties reflect the culture and history of their extraordinary
locations, as well as fresh, modern expressions of from the brand's
rich legacy. They provide guests the exceptional
environment and the personalized attention of true White Glove service that creates a singular experience.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.