Downtown Miami’s 98-Story Waldorf Astoria Gets Pre-Construction Loan

The developers of the proposed $1 billion supertall Waldorf Astoria Hotel & Residences tower in downtown Miami have obtained a pre-construction loan as they prepare to launch sales.

Property Markets Group, Greybrook Realty Partners and S2 Development were granted a $33 million loan, according to CPExecutive. BridgeInvest of Miami is the lender.

The funds will be used to finalize approvals, market the property and launch residential sales.

A sales center is now under construction at 300 Biscayne Boulevard, where the tower is planned to be built.

The Waldorf will rise 98 stories, or 1,041 feet – much taller than Miami’s current tallest, the 868-foot Panorama Tower. It will be the tallest residential tower south of New York.

When completed, there will be 140 hotel rooms, 400 condos and “top culinary destinations.”

Sieger Suarez is the architect, with Carlos Ott the conceptual architect.

 

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Anonymous
2 years ago

Man, I wish I had the $$$ to own a condo there. Oh well, my poor a** will admire it from a distance.

Anonymous
2 years ago

lol why is this comment getting negative reviews? He/She is not wrong

Anonymous
2 years ago

I agree lol the person is just being realistic. I saw a nice Lambo at the beach couple of weeks ago and was like damnnn, nice! Oh well, not gonna happen for me. lol

Anonymous
2 years ago

Looks like Haiti’s attempt to build a highrise.

Anonymous
2 years ago

What does Haïti have to do with it? Nothing. Keep the negativity out of Haiti please! Thanks.

bitg
2 years ago

think positive, a lot can happen between now and when this gets completed. people DO win the lottery, ya kno

Anonymous
2 years ago

I know exactly how you feel, I am by no means poor but not rich either. I have been in Real Estate for many years and have had the pleasure to show amazing condos. I am looking forward to showing in this building. I have a feeling that it will be on par with 1000 Museum. The only thing I can tell you is that the people who can afford places like this never seem as excited as people like you and I would be at the chance of living in such luxury.

Anonymous
2 years ago

It’s unique projects like this that make up world-class skylines…

Anonymous
2 years ago

So i’d say we’ll see this baby complete maybe 2024-2025-ish ?

Anonymous
2 years ago

5-6 years? They are not building the Freedom tower, I’d say by 2022

Anonymous
2 years ago

98 stories?!?! Wow!! I’ve always thought is was 88!! cant wait for it to be done

Anonymous
2 years ago

More and more people living in downtown with no mass transit west of the county or south.

Anonymous
2 years ago

call an Uber

Anonymous
2 years ago

This is not the kind of tower people actually “live” in. Maybe they’ll visit for 2 weeks a year, but otherwise it will likely be an empty tower. Won’t put much pressure on transit.

Anonymous
2 years ago

empty building ? — why would they build this monster if they thought it would be vacant ? you must not be from Miami.

Anonymous
2 years ago

People who will be owning here don’t generally take mass transit buddy. When they “visit” their condo for a temp stay, They usually get picked up by a big black luxury car with the driver dressed in a formal suit.

Anonymous
2 years ago

Downtown has mass transit. Why would people living in Downtown care about mass transit in the west part of the county? Do people in Downtown travel west?

Anonymous
2 years ago

yes they do – go west young man – there is a whole world out-there. – I noticed many people posting here are not from Miami

Anonymous
2 years ago

Go west to MIA perhaps….but what else is there…Doral….? boring…. and I used to work in Doral. when I go west from where I live ( Bal Harbor Islands) is usually to IKE or to Chick Fillet…which I don’t understand why there is only one Chick Fillet in the whole Miami-Dade county?????????

Anonymous
2 years ago

Two if you count the one in Dadeland mall lol

Anonymous
2 years ago

Doral is west – so is Kendall Lakes – The Hampton’s – Lakes of Meadows – Homestead is South West – Cutler Ridge and on and on.

Anonymous
2 years ago

If you can afford to live in this building …you probably owe a pretty top notch car…so ….

Anonymous
2 years ago

IF you can afford a condo in this tower you are NOT taking public transit..

Anonymous
2 years ago

When I first saw the rendering for it I wasn’t thrilled but now I love it..same can’t be same for the Skyrise. Hated it then and still do.

Anonymous
2 years ago

Game changer

Anonymous
2 years ago

They can make restaurants/condos/hotel rooms with glass floors on edge of the boxes. Doesn’t even have to be the entire floor. Maybe certain places…. think of the possibilities lol

Miami Realist
2 years ago

Majority of people who work in downtown don’t live there, most of them live west, a big percent of all County and State employee reside in the west side of Miami the suburbs. It would be great if transit system created more west route so the majority of the work force can commute with out using their vehicle and we will have less traffic congestion in downtown. The building has a unique look I hope it get’s built, but its true what one anonymous comment it won’t be fully occupied. Most of the Owners will be from out of town or foreigner, so it will be occupied by tenant’s about maybe 80 percent if rents don’t increase so much in 5 years from now…

Anonymous
2 years ago

The prob with taking mass transit to the suburbs is u transform the subs to urban centers..like Dadeland and (in the process) Doral. And even a place like Dadeland, people still use their cars.. we need to keep the density in the city core (the actual City Of Miami, particularly the east end) and stop new home development in the west..that might not improve traffic but it will prevent it from getting worse. Mass transit doesn’t get ride of traffic rather it just allows for politicians to approve more development. Mass transit is used by work force, tourists, and those few urban dwellers that love the “lifestyle”. Middle class suburban dwellers will not use public transit unless you tax them out of their cars like they tried to do in France…

LoganSq
2 years ago

Can’t help noticed the bunch of dumb millennials posting here. You can tell some don’t even live or have ever been to Miami

Anonymous
2 years ago

who’s website do we have to go to for some better renderings of this?

Anonymous
2 years ago

Why does it cost 33 million to approve anything?

Anonymous
2 years ago

Views of Skyrise and not much else.

Anonymous
2 years ago

Thats why Skyrise is a bad idea

Anonymous
2 years ago

Also, next to a crappy Holiday Inn, which hopefully won’t exist for much longer.

Rant on how I really feel lol
2 years ago

Curious, those of you that like skyrise…why?? Don’t give me the excuse that every city needs an “iconic structure” (Eiffel tower, etc.) A. Many cities are iconic without one via their skyline alone is good..B. We have the freedom tower, and that new bridge. Also not many cities have the skyline reflect on the bay like we do. Skyrise will distrupt that view, cover the skyline(it’s in front of everything), and is COSTING tax payers..you all complain about public transit but are ok with this waste that will make DEVELOPERS money?? Downvote this if you must but please offer me your reasons..I’m genuinely curious.

And if you insist on wasting money on something useless for the sake of “iconic”, it doesn’t have to be soo tall.. with nothing but the bay in front of it, it could have been iconic at any hight(statue of liberty).

The skyrise is like the space needle..FYI years later most residents there still hate it.

I felt the same about Marlins Park. We didn’t need to bring down a historic landmark to help out a developer…it also looks out of place in Little Havana…in short idk why y’all like supporting the ideas these crooks come up with..

Gables
2 years ago

This won’t happen. It will end up being built as a boring rectangle and all of the attractive design features will cut to save money.

Anonymous
2 years ago

True story!

Moon Over Miami
2 years ago

Sorry….. but I’m not too thrilled about the initial rendering ….. however, if Miami likes tacky …..this unit will fit right in. Why not more skyscrapers with non- cookiecutter roofs.? Miami can do better. We can profit from iconic buildings that don’t capitalize from maxed out square footage/height . Great property ….yet at the same time…… it wouldn’t be so bad to add to our skyline a diverse icon, as in other cosmopolitan cities of the world. For example, a well proportioned tall and classy Freedom Tower…. the one that is just a few blocks away. As reflection of place our in this wonderfull metropolis.
Just food for thought

Miami
2 years ago

Why’s that?