Pricing At 98-Story Waldorf Astoria Hotel & Residences Revealed For The First Time (Updated)

Downtown Miami’s 98-story Waldorf Astoria Hotel & Residences will soon launch sales, and a hint at pricing has been revealed for the first time.

Total sellout of the project is estimated at $1 billion. Spread over 400 condos and 140 hotel units, it works out to under $2 million for an average unit.

The information was provided by BridgeInvest founder Alex Horn (BridgeInvest just provided a $33 million pre-construction loan to the developers).

By comparison, the average luxury condo in Miami Beach sells for $4 million.

Waldorf is meticulously designing every detail of the project, Horn said.

The Waldorf Astoria will also become the tallest ever built in Miami, at 98 stories and 1,049 feet above sea level. It would become 20 percent taller than Miami’s current tallest, the 868-foot Panorama Tower.

Update: A Globest article linked to earlier misquoted Horn on pricing, according to a representative.

The total project size is 800,000 square feet of saleable space, which works out to be slightly below 1,500 square feet per unit over 540 units.

 

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Anonymous
1 year ago

It’s good to be rich.

Anonymous
1 year ago

the time has come to dialectically analyze the material conditions of this post on this alleged real estate blog, which is in actuality a corrupt tool of the masters used to spread false consciousness amongst would-be class traitors preening to join the vapid ranks of the petite-bourgeois – anonymous blog posters of the world, unite!

Anonymous
1 year ago

oooo oooo (my hand raised)I wanna be one of the “petite-bourgeois!”

Anonymous
1 year ago

Time to yellow vest up!

Anonymous
1 year ago

Ha people are willing voting for more taxes so that wouldn’t happen here.

Anonymous
1 year ago

wtf did i just read

Dan The Man
1 year ago

I am loving the unique design of the building compared to anything else in Miami. ?

Anonymous
1 year ago

Seems a bit boxy.

?

Anonymous
1 year ago

LOL, I see what you did there.

Anonymous
1 year ago

Why stop at 98 make it an even 100 stories. That would be great.

Anonymous
1 year ago

Make it 1100ft… heck, fifty one more feet is barely noticeable.

Anonymous
1 year ago

FAA max is 1,049′. They would notice as it’s in MIA’s flight path.

Anonymous
1 year ago

Dude please, you’re not telling me something I don’t know. The problem is, the FAA set an arbitrary number to what they view as a flight hazard. Truth is, anything that goes up in the air is a threat to what’s on the ground, not the other way around. Planes taking off from MIA must climb much, much higher than 1100ft before they get anywhere near downtown.

Anonymous
1 year ago

Dude please, look up One Engine Inoperative. There’s a cap on building heights because of the minimum height required in case an engine blows out upon take off.

Anonymous
1 year ago

Dude please, that one engine inoperative scenario is speculative crap. No one knows what a malfunctioning plane is going to hit on the ground. Heck, we have planes flying over dense urban areas.

Anonymous
1 year ago

Dude please, it’s called hazard mitigation and liability reduction.

Anonymous
1 year ago

Dude, please, it’s always plausible that a plane could fall out of the sky and crash somewhere in an urban area and kill people. The height of a building will not prevent that from occurring.

Anonymous
1 year ago

Back to OEI, no, you don’t know what on the GROUND it’ll hit, but you have a good idea what can be hit given height and trajectory; you know, basic physics. But I guess you believe the earth is flat and any sensible regulation to save economic and human capital are communist. If you can’t see how restricting building heights in the flight path of the nation’s 14th busiest airport isn’t necessary, then I’m wasting my breath. By your logic, it’s always plausible a vehicle could run off the road so there’s no point in having sidewalks because they won’t prevent pedestrians from getting hit.

Anonymous
1 year ago

“you don’t know what on the GROUND it’ll hit, but you have a good idea what can be hit given height and trajectory; you know, basic physics.”

Wtf?

Dude, you’re arguing with yourself. All these accusations you’re throwing around sounds like elementary emotional thinking.

Anonymous
1 year ago

You know at over 1,000 feet in the air, if an object is there (stemming from the ground), it will be hit. That’s what I meant. I referred to ground as sea level, but if you consider physical development that started at ground/sea level and going over 1,000’ up to be an extension of the ground itself, then sure, you got me. Sorry I forgot to spell it out for your subpar reading comprehension. It’s asinine to say a regulation is arbitrary. I don’t see how making a generalized statement about likelihoods invalidating science-based regulations makes assuming you believe the earth is flat to be emotional. You clearly have no engineering, flying, legal, or government experience.

Anonymous
1 year ago

Well, you got me, the last plane that crashed in the Everglades was clearly due to buildings in Miami being built at heights of over 1000ft. Especially since planes take off from MIA airport, an airport that’s in very close proximity to the Everglades, pointed eastward and comes in to land pointed westward. Maybe if the FAA had hired you with your exceptional intelligence when it comes to “engineering, flying, legal and government expertise,” that plane going down in the Everglades wouldn’t have happened. I mean, especially with your understanding in the difference that 1049ft and 1100ft can be to a plane with one malfunctioning engine.

Gee, you’re so smart.. I bet your life is perfect.

Anonymous
1 year ago

This dude totally thinks the earth is flat.

Anonymous
1 year ago

This dude never heard of planes falling out the sky.

Anonymous
1 year ago

Why do pilots suck so much ?

Anonymous
1 year ago

When is the holiday inn next to it coming down ?

Anonymous
1 year ago

That will come down just in time for all these rich people to have a view of the newest building built 20 feet away from them. Good luck!

Anonymous
1 year ago

Respect to that Holiday Inn which has survived the test of time from the developing world around it of – demolish the old and build the new – in downtown Miami. Any longer or just a few more years and it can probably qualify as a historical building and be left alone. That would amuse me lol.

Anonymous
1 year ago

I would have rather seen it go instead of the Everglades Hotel. If anything, NIMBYism over a taller building would get it designated, like what the Upper East Side did because they didn’t want to see taller, good buildings replacing some seedy 1940s and 50s motels around the last boom.

Anonymous
1 year ago

Holiday inn should be replaced

Anonymous
1 year ago

I wasn’t a fan of the design at first but it has grown on me and now I love it… And i will repeat, sucks that Skyrise will block views of the bay from it but whatever, you people like useless tax funded useless projects.

Anonymous
1 year ago

Skyrise is several hundred feet away from it and isn’t a particularly large enough structure (in width) that it would affect this view that much. Unless of course, you don’t like the Skyrise design, then it makes the view worse – but doesn’t really block anything.

Danny
1 year ago

What anon said ^

Anonymous
1 year ago

Skyrise is literally exactly where the sun is in the last picture so clearly

Polo
1 year ago

Good looking tower,specially looking up from the sidewalk. On another note, Panorama Tower is only 832 FT AGL, a radio antenna takes it to 868 FT AGL. However, the radio antenna is not part of the structure (spire) and it doesn’t count.

Anonymous
1 year ago

Sexy

CeeStyle
11 months ago

I’m very confused. Wasn’t the Waldorf Astoria supposed to be at the location that is now going to be the Aston Martin residences? What’s the story with that?

Anonymous
1 year ago

Decent pricing.. let’s hope that they build lots of 3 bedroom condos for young families.

Anonymous
1 year ago

$2 million for 3-bedroom paid by a young family, ok yeah. LOL

Anonymous
1 year ago

Don’t worry. Another 3 years an no one will remember 07 and family’s with a household gross income of $50K/year will get approved for $2MM mortgages.

Anonymous
1 year ago

Lmao !!!