The Waldorf Astoria Hotel and Residences Miami has reached its 75th floor, placing the 100-story tower three-quarters of the way to its full 1,049-foot height and on track to become Florida’s first supertall skyscraper when it opens in 2028. Developer Property Markets Group, the Miami-based firm leading the project alongside Greybrook Realty Partners, Mohari Hospitality, S2 Development, and Hilton, has already announced a second supertall tower on the same stretch of Biscayne Boulevard, and the pipeline behind it includes five additional towers that would push Miami past the 984-foot threshold that defines the supertall category. The city that built its identity around Art Deco low-rises and waterfront condominiums is entering a vertical era that will permanently alter what downtown Miami looks like from the water, the causeway, and the air.
Key Takeaways
- The Waldorf Astoria Hotel and Residences Miami has reached its 75th floor as of May 2026, with completion of the 100-story, 1,049-foot tower projected for 2028.
- The tower will be Florida’s first supertall skyscraper (above 984 feet) and the tallest residential building south of Manhattan.
- The project includes 387 private residences and 205 hotel guest rooms; residences are more than 90% sold, with remaining two-bedroom units starting at $3.3 million and the penthouse listed at $50 million.
- PMG has announced a second supertall on Biscayne Boulevard: Delano Residences Miami, a 90-story, 985-foot condominium tower with 421 units and Miami’s first public observation deck, expected to open by 2030.
- The Waldorf Astoria’s construction is backed by a $668 million loan from Bank OZK and Related Fund Management, the largest residential condominium construction loan in Florida history.
- Seven supertall towers are now planned or under construction across Miami, driven by limited land availability, population growth, and international buyer demand that accounts for roughly 52% of recent new-construction condo sales.
A Tower Designed as Nine Stacked Glass Cubes
The Waldorf Astoria rises at 300 Biscayne Boulevard in downtown Miami, occupying a site overlooking Biscayne Bay, the cruise terminals at the Port of Miami, and the Atlantic Ocean beyond. The tower’s design, conceived by Sieger Suarez Architects in collaboration with architect Carlos Ott, structures the building as nine spiraling, offset glass cubes stacked vertically and wrapped in a continuous glass skin. Each cube shifts position relative to the one below it, creating a twisting silhouette that distinguishes the tower from the flat-faced rectangular slabs that dominate Miami’s existing skyline.
Interior design is led by BAMO, and the building will house 387 private residences ranging from one to four bedrooms alongside 205 hotel guest rooms and suites operating under the Waldorf Astoria brand. Residential amenities include an owners-only lobby and lounge, a hospitality suite for private dining, a billiard room, a children’s facility, and a private pool deck. Every residence is equipped with smart-home technology connected to a custom mobile application that links to concierge service, dining reservations, room service, spa bookings, valet, and package delivery.
The structural framework is reinforced concrete, and curtain wall installation has progressed through the lower cubes with glazing panels steadily enclosing successive tiers of the offset volumes. John Moriarty and Associates serves as general contractor. The tower is expected to reach its full height by late 2026, with interior completion and opening projected for early 2028.
More Than 90% Sold With One-Bedrooms Already Gone
Sales velocity has outpaced the construction timeline. PMG reported that residences are more than 90% sold, with one-bedroom units entirely spoken for. Remaining inventory begins at $3.3 million for two-bedroom units, and the penthouse is listed at $50 million. More than half of the project’s residences were sold before the ceremonial groundbreaking in 2022, a pace PMG Managing Partner Ryan Shear described as having “exceeded expectations.”…