Miami’s 100-story Waldorf Astoria tower is enjoying strong sales and will soon begin sitework.
According to a social media post from developer PMG, groundwork is now expected to begin the fourth quarter of 2021.
The tower is “selling out fast,” the developer added, in a post that recapped third quarter achievements.
The Waldorf Astoria is set to become Miami’s tallest tower ever at 1,049 feet.
In May, the developer said that there had already been “hundreds of millions” worth of units sold. The building has a full sellout value of $1 billion
In September, a broker said that the condo project might be one of Miami’s fastest selling ever.
Records show that a demolition permit for the site is now moving through the approval process, after being submitted in June. The BG Group is listed as the contractor.
There does not yet appear to be a construction permit pending.
PMG has previously said they expected to break ground in the first quarter of 2022.