A groundbreaking ceremony was held last week for the Waldorf Astoria Hotel & Residences Miami, which will become the first ever supertall in the city.
The Waldorf will rise 100 stories and 1,049 feet, making it the first in Miami to reach supertall height and the tallest residential building south of New York City.
The project will include 360 condos, 205 hotel rooms and suites, meeting, ballroom, restaurant, amenity, and other uses.
Condos in the tower are now 87% sold, after sales launched in the spring of 2021. That represents over $1b in sales, the developers said in a press release.
Foundation work has already been underway for some time and will take about 10 months to complete. Opening of the tower is expected in four and a half years.
PMG along with partners Greybrook, Mohari Hospitality, and S2 Development are the developers.
Sieger Suarez Architects in collaboration with Carlos Ott designed the tower.