The developer of downtown Miami’s 100-story Waldorf Astoria supertall tower has signed a utilities agreement.
Under the November 3 agreement, Miami-Dade’s Water and Sewer Department agreed to supply service to the Waldorf.
The connection fee is estimated at $742,967.10. There is also a Biscayne Basin Sanitary Sewer Special Connection Charge estimated at $450,669.60.
Kevin Maloney signed the agreement on behalf of PMG Downtown Developers LP.
The Waldorf Astoria is set to become the first ever tower in Miami taller than 1,000 feet (it will top off at 1,049 feet).
According to a representative of the developer, the Waldorf Astoria is planned to include:
- 205 hotel rooms
- 360 residential units
A groundbreaking ceremony took place earlier this month, and construction is now underway.
