In a city no stranger to towering structures, Miami is set to erect a record-breaker. Poised to become Florida’s loftiest building, the Waldorf Astoria tower has obtained a construction loan that sets a new benchmark for the state. The whopping $668 million financing deal was secured, marking the highest amount loaned for a construction project in Florida’s history. The announcement comes from a South Florida Business Journal report, which attributes the financing to the investments by a billionaire’s company partnered with a regional bank – known for having a significant commercial real estate portfolio.