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

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
Anonymous

It’s good to be rich.

Anonymous
Anonymous

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
Anonymous

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

Anonymous
Anonymous

Time to yellow vest up!

Anonymous
Anonymous

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

Anonymous
Anonymous

wtf did i just read

Dan The Man
Dan The Man

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

Anonymous
Anonymous

Seems a bit boxy.

😉

Anonymous
Anonymous

LOL, I see what you did there.

Anonymous
Anonymous

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

Anonymous
Anonymous

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

Anonymous
Anonymous

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

Anonymous
Anonymous

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
Anonymous

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
Anonymous

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
Anonymous

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

Anonymous
Anonymous

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
Anonymous

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
Anonymous

“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
Anonymous

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
Anonymous

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
Anonymous

This dude totally thinks the earth is flat.

Anonymous
Anonymous

This dude never heard of planes falling out the sky.

Anonymous
Anonymous

Why do pilots suck so much ?

Anonymous
Anonymous

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
Anonymous

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
Danny

What anon said ^

Anonymous
Anonymous

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

Anonymous
Anonymous

When is the holiday inn next to it coming down ?

Anonymous
Anonymous

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
Anonymous

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
Anonymous

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
Anonymous

Holiday inn should be replaced

Polo
Polo

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
Anonymous

Sexy

Anonymous
Anonymous

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

Anonymous
Anonymous

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

Anonymous
Anonymous

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
Anonymous

Lmao !!!