Waldorf Astoria Miami

What is actually being built at 300 Biscayne

The Waldorf Astoria Hotel & Residences Miami is a 100-storey, 1,049-foot tower at 300 Biscayne Boulevard in Downtown Miami. It is Florida’s first supertall and, on completion, the tallest residential building south of New York.

The programme is 387 private residences and 205 hotel guestrooms and suites. That matters, because the page I replaced said “400 condo residences” in its body copy while its own facts box said “360/205”. Two different wrong numbers on one page. The 387/205 split is what Florida YIMBY reported in its 25 February 2026 construction update.

The design is nine stacked cubic volumes — and this page said ten until 27 August 2026, so let me show my working rather than quietly change the number.

Florida YIMBY has published both counts. Its 25 February 2026 update describes construction advancing into “the sixth of the tower’s ten stacked cubic volumes”. Its 27 August 2026 update is headlined on the “ninth and final cube” and states that “eight of the tower’s nine offset glass cubes are structurally legible”. The 2024 design coverage said nine. Nine is the count I am publishing: it is what the design reporting said, it is what the most recent reporting says, and unlike February’s figure it is stated as an observation of volumes actually built rather than in passing. When I rewrote this page on 24 August 2026 I read February as a correction to 2024 and wrote “ten”. That was my error, not the sources’.

Credit where the record puts it: the tower is by Sieger Suarez Architects in collaboration with Carlos Ott, with interiors by BAMO. The old copy credited Carlos Ott alone. The developers are Property Markets Group and Greybrook Realty Partners, with Mohari Hospitality, S2 Development and Hilton. The general contractor is John Moriarty & Associates.

One correction that should not need making: Miami Beach is not, as this page previously claimed, “literally just a few steps away”. It is across Biscayne Bay, roughly four miles by road over the MacArthur Causeway. The building is on Biscayne Boulevard — not, as the old copy twice had it, in Biscayne Bay — facing Bayfront Park and the water beyond it. That is a genuinely good position. It does not need to be oversold.

Where construction stands

This is a building you can watch rather than take on trust, which is unusual and useful.

The concrete superstructure passed the 50th floor in December 2025 and the 60th floor by 25 February 2026, with crews averaging approximately one floor every ten days. By August 2026, PMG stated the tower was “now surpassing 870 feet”.

As at 27 August 2026 the superstructure has reached level 85 of 100, with concrete work begun on the ninth and final cube and curtain wall installation progressed through the seventh. Site signage advertises that the tower will top off this winter. That is 25 floors in six months, against 60 floors in the roughly thirty months before it — the pace has held. The concrete scope is carried by Capform under general contractor John Moriarty & Associates.

The money is in place and the number is a record. In June 2024 the development secured a $668,000,000 construction loan from Bank OZK and Related Fund Management — reported as the largest construction loan ever made for a residential condominium development in Florida. The foundation had already been poured in a continuous mat: roughly 1,400 truckloads over 36 hours, more than 13,500 cubic yards.

PMG has said the project is “well over 90% sold”, with remaining availability concentrated in the upper Sky and Penthouse collections. I would read that figure the way you should read any developer sell-through claim: it is a statement about contracts signed and deposits taken, not about closings, and pre-construction contracts do not all close.

Which completion date should a buyer believe?

This is the part of the page that matters most, and it is the part every brochure leaves out.

Miami New Times traced the completion date through the project’s own public statements on 12 August 2026, and the sequence is this:

Buyers who placed deposits from 2021 were told 2025 or 2026. The current guidance is 2028. That is a slip of two to three years, and it is not disputed — it is visible in the developers’ own published material. The same reporting noted PMG’s portfolio page still carried 2027, and described the building as 93 floors rather than 100.

PMG’s response, given to Miami New Times, was that “construction continues to progress as scheduled”, with the tower surpassing 870 feet and the project well over 90% sold. The statement did not address the shifting completion dates or the discrepancy on its own portfolio page. I am setting out both because a buyer is entitled to weigh them.

My honest reading: nothing here suggests a troubled project. The loan is the largest of its kind in the state, the concrete is going up at a consistent and verifiable rate, and the sell-through is real. A supertall taking longer than a mid-rise is ordinary. What is not ordinary is being marketed a 2025 delivery and arriving at 2028 while the developer’s own channels still disagree by a year. The date in your contract is the only date that binds anyone, and it is very unlikely to be the date in any marketing document. If you are holding a deposit here, or about to place one, that is the paragraph to act on. I track delivery slippage across the market on the Miami pre-construction delivery tracker.

What does the county say about the ground under it?

Here is something no brochure will tell you, and it takes about two minutes to confirm yourself.

The tower site sits on Block 83 of MIAMI NORTH, plat book B-41. As of 24 August 2026 the Miami-Dade County Property Appraiser still records those parcels like this:

Florida’s first supertall stands more than sixty storeys tall on ground the tax roll still classifies as vacant commercial land, assessed at $25,655,100. No condominium declaration for this site appears on the roll as of that date, which is why you cannot yet look up your own unit by folio.

That is normal rather than sinister — a condominium’s declaration is typically recorded close to completion, and the appraiser reassesses after that. But it is worth knowing what it means in practice: until the declaration is recorded and the units are assessed individually, there is no county record of your apartment as a legal parcel, and the tax figure you are being shown in any projection is an estimate, not an assessment.

One neighbouring folio makes the point about reading the roll carefully. A fifth Block 83 parcel — lot 16, folio 01-0108-030-1150, classified PARKING LOT — assesses at $0. That zero is not a valuation. Its legal description carries a NAU (Now Assessed Under) pointer into another folio, which in turn points into a separate recorded condominium declaration covering lots 5 through 7 and 14 through 16. The value moved; it did not vanish. A $0 on the roll is almost always a pointer, not an answer — and reading it as an answer is how people publish confident nonsense about Miami land.

The assemblage’s recorded sale history runs deeper than the tower does. The same parcels carry a 1 November 1982 deed at $2,500,000, a 1 April 2004 deed at $16,500,000 and a 5 May 2005 deed at $31,750,000, all three flagged qualified and all three recorded as deeds including more than one parcel. Then, on 7 November 2014, a deed at $80,000,000.

That 2014 deed carries the county classification “Trustees in bankruptcy, executors or guardians” and is flagged unqualified. I want to be precise about what that does and does not establish. It is a single county classification code covering several unrelated situations — a bankruptcy trustee, an executor of an estate, a guardian. It does not say which one applied here, and it is not a finding that anything was sold out of bankruptcy. What the record establishes is the code, the date and the amount. Anyone telling you more than that from this line alone is inventing it.

What I would verify before signing

Pre-construction diligence at this level is short, specific and almost entirely about documents rather than renderings.

The delivery date in your own contract. Not the marketing date, not the date on any page including this one. Find the outside date, find what happens if it passes, and find what notice the developer owes you. Given the 2025-to-2028 history above, this is the single highest-value thing to read.

The deposit schedule and where the money sits. The originally published structure was staged — 10% at contract, 10% thirty days later, 10% at groundbreaking, 10% a year after groundbreaking, balance at closing. Confirm your own schedule, and confirm which portions are held in escrow versus released to the developer for construction. Under Florida’s condominium act those are different pots of money with different protections, and the difference only becomes interesting in the situation nobody plans for.

What “more than 90% sold” is measuring. Ask whether that is reservations, executed contracts or closings, and ask for it in writing. It is a reasonable question and the answer tells you something either way.

The hotel-residential relationship. This is a Waldorf Astoria hotel and a condominium sharing one tower, and the documents that split shared costs between them are worth reading before you buy rather than after. Miami has live litigation right now over exactly this structure in other buildings — who pays for shared facilities, who votes on them, and what an association can do when it disagrees. Read the declaration’s allocation of common expenses and the shared-facilities agreement, and ask specifically how hotel-side costs can reach residential owners.

A note on the developer, stated as record rather than as a view. In July and August 2026, PMG affiliates and the condominium association at a different PMG building — the Elser Hotel & Residences at 398 NE 5th Street, a 49-storey, 646-unit condo-hotel completed in 2022 — filed four lawsuits against each other. The association sued on 6 July and 24 July 2026; PMG affiliates sued on 31 July and 2 August 2026. The disputes concern parking-garage operations, roughly $773,000 of hotel management fees, quarterly assessments and a storage lease. None of this involves the Waldorf Astoria project, nothing has been adjudicated, and both sides are litigating. I include it because it is on the public record, it is the same developer, and it concerns precisely the hotel-versus-association cost structure a buyer here should be reading about.

Who this building suits. A buyer who wants a branded, serviced residence in a genuinely landmark tower, who is comfortable with a 2028 horizon, and who is buying to hold. The address, the branding and the scarcity of a supertall in this market are real. Who it suits badly: anyone whose plan needs the keys in 2026, anyone underwriting a resale before completion, and anyone who has not read the shared-facilities documents. And if you are already holding a contract here and considering an assignment, understand that you are selling into a market where every buyer can now see the same delivery history you can — price the file with that in mind rather than against the original 2025 story.

Waldorf Astoria Miami Hotel & Condo Residences Amenities

https://youtu.be/EaZEYERynbs

Waldorf Astoria Miami Hotel & Condo Residences Prices

Originally published price guide (developer materials, superseded — confirm current availability and pricing directly)

– Studios – SOLD OUT
– One Bedroom – SOLD OUT
– Two Bedrooms from $2,800,000
– Three Bedrooms from $4,400,000
– Four Bedrooms from $5,000,000

PAYMENT PLAN
– 10% Deposit at Contract
– 10% Deposit 30 days after contract
– 10% Deposit at Groundbreaking
– 10% Deposit One Year After Groundbreaking
– Balance at Closing. Note: the closing quarter originally published with this schedule has passed. Confirm the current delivery window and the closing trigger in your own contract — see the delivery-date section above.