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 (Florida YIMBY, 27 August 2026). Florida YIMBY calls it Florida’s first supertall and, in June 2024, described it as the tallest residential building south of New York City; the developer’s website says it will be the tallest hotel and residential tower south of Manhattan.

The programme is 387 private condominium residences and 205 hotel guestrooms and suites according to Florida YIMBY (23 June 2024, 25 February 2026 and 27 August 2026). The developer’s own website says 360 branded luxury residences (read 24 September 2026), and Florida Trend (7 August 2026) also reports 360 condos alongside 205 hotel rooms and suites. I have not found a source that says why the counts differ or which is current, so confirm the count in the offering documents you are given.

The design is nine offset glass cubes. Florida YIMBY (23 June 2024 and 27 August 2026) and Florida Trend (7 August 2026) each count nine, and Florida Trend says the first three cubes are the hotel and the top six are the condominium. Florida YIMBY’s 25 February 2026 update instead referred to “the sixth of the tower’s ten stacked cubic volumes”; its 27 August 2026 update, the latest I found, describes eight of nine cubes as structurally legible. I have not found a source that explains the difference.

By the credits reported, the tower is designed by Sieger Suarez Architects in collaboration with Carlos Ott, with interiors by BAMO; the developers are Property Markets Group and Greybrook Realty Partners, with Mohari Hospitality, S2 Development and Hilton; and the general contractor is John Moriarty & Associates (Florida YIMBY, 27 August 2026). The developer’s website disclaimer (read 24 September 2026) says the Residences are not owned, developed or sold by Hilton, and that the Waldorf Astoria name is used under a limited, non-exclusive licence from Hilton that may be terminated or may expire without renewal.

The tower is on Biscayne Boulevard. Florida Trend (7 August 2026) describes the site as a parcel opposite Bayfront Park with an unobstructed view of Biscayne Bay and Miami Beach.

Where construction stands

The concrete superstructure passed the 50th floor in December 2025 (Miami New Times, 12 August 2026) and the 60th floor by 25 February 2026, when Florida YIMBY reported crews averaging approximately one floor every ten days. Florida Trend, in a feature published 7 August 2026, described the highest floor built in May 2026 as the 72nd and said a new storey was poured about once a week. In its statement to Miami New Times (12 August 2026), PMG said the tower was “now surpassing 870 feet”.

Latest report: level 85 of 100. On 27 August 2026 Florida YIMBY reported that the superstructure had reached level 85, citing a post dated 23 August 2026, with concrete work begun on the ninth and final cube and curtain wall installation progressed through the seventh cube. It also reports a new site banner advertising that the tower will top off “this winter”, and about 25 additional levels in roughly six months since its February report. Capform is delivering the concrete scope under general contractor John Moriarty & Associates.

In June 2024 the development secured a $668,000,000 construction loan from Bank OZK and Related Fund Management, which Florida YIMBY (23 June 2024) reported as the largest ever for a residential condominium development in Florida.

PMG told Miami New Times (12 August 2026) that the project is “well over 90% sold”, with remaining inventory limited to Sky Collection residences. PMG’s managing partner told Florida Trend (feature of 7 August 2026) that, as of May 2026, sales were “just shy of a billion” dollars with 26 units remaining, and that buyers on average put down a 40% deposit; Florida Trend reports condo prices from $3.5 million to $50 million. These are developer statements: a sell-through figure describes contracts signed and deposits taken, not closings, and I have not found an independent count.

Which completion date should a buyer believe?

Sources disagree on when the building will be finished. Miami New Times (12 August 2026) traced the completion date through the project’s public statements; I have added the Florida YIMBY, Hilton and Florida Trend statements I read myself.

Miami New Times (12 August 2026) reported that public marketing and development-partner statements from 2021 pointed to completion in 2025 or 2026, and that third-party listing pages show still other dates, including January 2028. Most of the sources I read give 2028 (Q2 2028 in Florida YIMBY’s latest report); two point to 2027. Miami New Times also reported that PMG’s portfolio page lists the building as 93 floors rather than 100.

PMG’s response 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. Miami New Times reported that the statement did not explain the shifting completion dates or why PMG’s portfolio page continues to list 2027. I am setting out both so a buyer can weigh them.

What I can and cannot source. I can source the loan, the progress figures above and PMG’s sell-through statements. I have not found a source that says why the completion date moved. Under Florida’s condominium act (section 718.504, 2026 Florida Statutes, read 24 September 2026) the offering circular must state the estimated latest date of completion or point to the purchase-agreement clause that does, so the date in your own contract is the one to read, along with the outside date, what happens if it passes and what notice the developer owes you. I track delivery slippage across the market on the Miami pre-construction delivery tracker.

What does the county say about the ground under it?

The tower site is on Block 83 of MIAMI NORTH, plat book B-41. As of 24 September 2026 the Miami-Dade County Property Appraiser records four folios there as follows. All four are recorded to PMG Downtown Developers LP, and folio 01-0108-030-1190 carries the county site address 300 BISCAYNE BLVD. All four also carry a deed dated 7 November 2014 at $80,000,000, which matches the $80 million that Florida Trend (7 August 2026) and Miami New Times (12 August 2026) report PMG paying for the site that year.

All four are classified VACANT LAND – COMMERCIAL, with a combined 2026 assessed value of $25,655,100. I have not found a source that says when the appraiser will reclassify them.

Part of the assemblage sits under a recorded condominium. A fifth Block 83 parcel — lot 16, folio 01-0108-030-1150, classified PARKING LOT — assesses at $0. Its legal description carries an NAU (Now Assessed Under) pointer to folio 01-0108-030-1040 (lots 5 through 7 and 14 through 16, also $0), which points in turn to reference folio 01-4137-076-0001. The county labels that folio X MIAMI CONDO and describes it as lots 5 through 7 and 14 through 16 of Block 83 as described in a declaration recorded at Official Records book 31146, page 1639. Under it the county lists two units, at the site addresses 230 NE 4 ST and 243 NE 3 ST: a residential unit (99.16% of the common elements) assessed at $101,970,000 for 2026, and a retail unit (0.84%) assessed at $2,160,859. The roll does not say how X MIAMI CONDO relates to the Waldorf Astoria tower and I have not found a source that does. A $0 on the roll is a pointer, not a valuation.

What that means in practice: the county shows a single residential unit under that condominium, not 360 or 387 individual residences, so I could not look up an individual residence by folio, and any tax figure you are shown for one is a projection rather than an assessment.

The assemblage’s recorded sale history (county record, 24 September 2026): a 1 April 2004 deed at $16,500,000 and a 5 May 2005 deed at $31,750,000, both flagged qualified and both recorded as deeds including more than one parcel, appear on all five Block 83 folios I pulled; a 1 November 1982 deed at $2,500,000, also qualified and multi-parcel, appears on the lot 16 folio and on folio 01-0108-030-1040. 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. It is a single county classification code covering several situations — a bankruptcy trustee, an executor of an estate, a guardian — and it does not say which one applied. Miami New Times (12 August 2026) reports that PMG acquired the site for $80 million in 2014 through a court-ordered sale following years of receivership litigation, rather than a bankruptcy sale. What the county record itself establishes is the code, the date and the amount.

What I would verify before signing

Pre-construction diligence at this level is short, specific and mostly 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, what happens if it passes, and what notice the developer owes you. Given the range of dates in the table above, this is the single highest-value thing to read.

The deposit schedule and where the money sits. PMG’s managing partner told Florida Trend (7 August 2026) that buyers on average put down a 40% deposit. Confirm your own schedule, and confirm in the contract and offering circular how much of your deposit is held in escrow and how much the developer may use for construction.

What “well over 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. The Real Deal (5 August 2026) describes disputes between unit owners and commercial-space owners at a number of South Florida condo-hotels. Read the declaration’s allocation of common expenses and any 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. The Real Deal reported on 5 August 2026 that affiliates of PMG 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 that PMG completed in 2022 — had sued each other in July and August 2026: the association on 6 July (assessments and the governing documents) and 24 July (breach of contract), and PMG affiliates on 31 July and 2 August. The association alleges that a PMG affiliate breached a November 2025 settlement over parking-garage revenue and operator approval; the PMG affiliate alleges, among other things, that the association is withholding roughly $773,000 in hotel management fees and billing quarterly assessments at the 2025 rate. The association’s board president told The Real Deal that the $773,000 figure reflects collected receivables and that the PMG affiliate owes the association money, and a statement on behalf of the PMG affiliate said it strongly disputes the association’s claims about the parking operator. These are allegations in complaints, not findings. The article does not involve the Waldorf Astoria project; I include it because it is on the public record, concerns the same developer and concerns 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 landmark tower, who is comfortable with a 2028 horizon, and who is buying to hold. Who it suits badly: anyone whose plan needs the keys before 2028, 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, every buyer can see the same completion-date history you can, so I would price the file against that rather than against the original 2025 marketing.

In the research: The W South Beach Closes 20 August. What That Means for the 173 People Who Own Units There

Waldorf Astoria Miami Hotel & Condo Residences Amenities

As described on the developer’s website (read 24 September 2026):

• 100-storey tower in Downtown Miami with views of the downtown skyline, Miami Beach and the Atlantic Ocean
• Third-level residential lobby with the concierge and recreation space
• Peacock Alley, centred on a signature pendulum clock
• Immersive resort pool with outdoor café and private cabanas
• Private bar and wine tasting room, a signature restaurant and an all-day dining brasserie
• Meeting venue with spaces from ballrooms to boardrooms
• Kids club
• Signature spa with a fitness centre, wellness lounges, saunas, steam and treatment rooms
• Residents’ hotel benefits that include house-account signing privileges and preferred access to the spa and other hotel venues
• Interiors by BAMO; kitchens with custom Italkraft cabinetry and a Sub-Zero and Wolf appliance package; Waterworks and Duravit bathroom fixtures; smart-home technology; floor-to-ceiling windows up to 11 feet
• Fully finished one- to four-bedroom residences, plus fully finished and furnished Junior Suites

Florida YIMBY (23 June 2024) lists the private residential amenities as an owners-only lobby and lounge, a hospitality suite, a billiard room, a kids club and an elevated pool deck. The developer’s disclaimers say that improvements and amenities depicted may not exist and that plans and specifications are subject to change without notice.

https://youtu.be/EaZEYERynbs

Waldorf Astoria Miami Hotel & Condo Residences Prices

$3.5 million to $50 million for the condos — Florida Trend, 7 August 2026 (that feature reports 360 condos and 205 hotel rooms and suites). PMG told Miami New Times on 12 August 2026 that the project is well over 90% sold and that remaining inventory is limited to Sky Collection residences priced by residence type, size and elevation. PMG’s managing partner told Florida Trend that 26 units remained as of May 2026 and that buyers on average put down a 40% deposit. The developer’s website says prices, plans and specifications are subject to change without notice.

I have not found a current published price list by unit type or a published deposit schedule. Ask me for what is still available and for the deposit terms in the current contract form.