100-Story Waldorf Astoria ‘60% Sold In Five Months,’ Demolition Permit Issued

Miami’s supertall Waldorf Astoria Hotel & Residences tower is seeing strong sales, according to real estate broker Frederik Eklund.

A demolition permit has also just been issued for the project site.

In a post uploaded to social media last week, Eklund posted a video of a model of the Waldorf, along with a caption that read “60% sold in 5 months.”

Eklund is a part of the Waldorf Astoria’s sales team, according to Ocean Drive. He also is a reality TV star.

City records show that a demolition permit was issued for the property on November 30.

There’s also a separate permit for site and soil improvements by foundation contractor Keller North America. That permit was applied for in October and is still in review.

The 100-story Waldorf tower is set to become the tallest tower ever built in Miami at 1,049 feet above sea level.

 

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Melo is sigma and chad
1 month ago

The age of the 1000 footers in Miami has arrive. Hopefully Melo breaks this record.

Anonymous
1 month ago

I’d rather be in Champlain Towers South than a supertall built by Melo.

Anonymous
1 month ago

Melo construction is all cheap

Anonymous
1 month ago

Hopefully this is just the beginning and more supertalls will come up downtown

Anonymous
1 month ago

Excellent. Excited for work to begin.

Anonymous
1 month ago

There is controversy about the shape of this tower. Some love it, others not so much (and I’m in the second group). But it will be a big highlight on the city’s skyline and that’s important, because enough of the same.

Anonymous
1 month ago

Great news!

Anonymous
1 month ago

Eklund, it still isn’t too late to straighten up this tower for a more sleeker look.

DJL Cyber
1 month ago

The completion of this project will encourage more supertall skyscrapers to be built in Miami.

Anonymous
1 month ago

A lot of folks have a jones for boxes stacked on top of one another.

Anonymous
1 month ago

You mean “boner.”

Anonymous
1 month ago

Recession, what Recession, wha a joke!!!

Anonymous
1 month ago

Is it jut me, or has the design changed?

Anonymous
1 month ago

Looks the same.

Anonymous
1 month ago

Totally changed from last posted rendering.

Anonymous
1 month ago

It’s the perspective.

Anonymous
1 month ago

The model looks so much better than the renderings they released IMO

Anonymous
1 month ago

Wasn’t it sold out a month or two ago?

Anonymous
1 month ago

Sold and reserved are distinctions with a difference.
Even people in the industry sometimes conflate them.

Very rarely, if ever, are unit titles transferred from developer to buyer prior to Temporary Certificate of Occupancy.

In this case, there were investors from 2015 who made equity investments convertible to physical condos. Sooooo maybe, you could say those units were “sold” before TCO.

But usually, they get Reserved with a sizable deposit and a signed Purchase Contract.
You can’t really buy apartment 5201 when it doesn’t exist yet, so you buy a contract to purchase apartment 5201. After the Reservation, the buyer signs a Purchase and Sale Agreement, and then after the rescission period, the deposit becomes Non-Refundable. In my opinion, this is the point where a developer can honestly say that the apartment is SOLD.

Steve
1 month ago

I don’t get it which is taller the Waldorf Astoria residential Hotel or 1 Biscayne Boulevard they both claimed to have 1040 stories but one says one will be the tallest south of New York can anyone explain because to me they’re both the same height

Anonymous
1 month ago

First, somebody need to explain to you how and when to use comas and periods