PMG’s Ryan Shear and Dan Kaplan on the complexities, capital constraints and execution finesse behind the city’s next generation of skyscrapers.
South Florida’s skyline is constantly evolving, with developers relentlessly competing to create the most impressive structure. A handful of projects are reshaping downtown Miami’s profile, signaling a phase defined by scale, complexity and increasingly selective capital.
PMG is behind the city’s first supertall skyscraper: Waldorf Astoria Hotel & Residences Miami, a 100-story, 1,049-foot project at 300 Biscayne Blvd. Currently at 70 stories tall, the development is advancing rapidly, with completion scheduled for 2028. The firm has already announced its second supertall tower in the city: Delano Residences Miami, a 90-story tower at 400 Biscayne Blvd. It will mark the hotel brand’s entry into the residential sector.
The activity comes at a time when large construction loans remain difficult to secure, adding complexity to luxury, high-rise development. We spoke to Ryan Shear and Dan Kaplan, managing partners at PMG, about what it takes to build supersized skyscrapers in the current economic environment and why Miami continues to be a hotspot for such large-scale residential projects…