Sales For 94-Story Tower Won’t Launch Until There’s A ‘Good Cycle’

A sales center for 300 Biscayne will be ready in two months, but it won’t be activated right away.

Developer PMG is waiting for a “good cycle” to begin sales, principal Ryan Shear told The Real Deal. New condo launches are likely to ramp up in 2019 or 2020, he added.

The 94-story project will include 640 condos and a luxury hotel brand, in a 1,049-foot tower that would be taller than any other building currently in Florida. Carlos Ott is the architect.

Related Group is also waiting to launch two projects. The developer is “looking for signs” on when to start sales at One Brickell (444 Brickell Avenue) and 1400 Biscayne, President Carlos Rosso told the magazine. “Right now it’s not the right time,” he said.