The Waldorf Astoria Hotel & Residences Miami was designed to be the skyline’s exclamation point: 100 stories of offset glass cubes rising at 300 Biscayne Boulevard, 1,049 feet above sea level, and expected to become Florida’s tallest building. Early brokerage marketing in 2021 estimated completion around summer 2025. In January 2022, the official development partner, Greybrook, said the project was slated for completion in 2026. By June 2024, the development team was targeting the second quarter of 2028.
The later date was disclosed publicly, although it was not presented as an announcement that the schedule had slipped. It appeared inside a financing release celebrating a $668 million construction loan from Bank OZK and Related Fund Management. The release said the financing was the largest construction loan secured for a residential condominium development in Florida history and stated that the tower was “slated for completion in Q2 2028.”
Two years later, the project’s online record still has not caught up cleanly. In July, Hilton said the downtown Waldorf Astoria is slated to open in 2028. The development team’s financing announcement says the same. Yet PMG’s current corporate portfolio page lists the project’s completion year as 2027 and describes it as a 93-floor building, while PMG’s broader website and current project marketing describe a 100-story tower…