Greybrook Realty Partners

New Tower Crane Permits Submitted to FAA for Waldorf Astoria Hotel & Residences Supertall Site in Miami

8:00 am on November 10, 2024 By Oscar Nunez

Permits for additional tower crane heights have been filed with the Federal Aviation Administration (FAA) for the Waldorf Astoria Hotel & Residences in Downtown Miami. Located at 300 Biscayne Boulevard (alternatively addressed as 249 Northeast 3rd Street), the 100-story tower has two active Maxim cranes installed on-site, initially requested to rise to 1,255 feet above ground level (1,266 feet above sea level) but approved at heights of 955 feet above ground (966 feet above sea level). The latest permits, submitted on October 25, 2024, seek approval to extend these cranes to 1,214 and 1,225 feet (or 1,238 and 1,249 feet above sea level), allowing the construction team to continue building upwards to the tower’s final planned height of 1,049 feet.

Developers Secure $178 Million Refinancing for Society Wynwood in Miami

8:00 am on August 26, 2024 By Oscar Nunez

National development firm Property Markets Group (PMG), in collaboration with Canadian-based private equity firm Greybrook Realty Partners (Greybrook), has secured $178 million in refinancing for Society Wynwood, a 10-story mixed-use building designed by MKDA at 176 Northwest 25th Street in Miami’s Wynwood Arts District. Eastdil Secured arranged the financing, provided by funds managed by Ares Management and Monarch Alternative Capital. Randy Barcelo from Stearns Weaver Miller represented PMG. Since welcoming its first residents in March, Society Wynwood has experienced rapid leasing velocity.

Waldorf Astoria Hotel & Residences Secures Record-Breaking Construction Loan and Reaches Major Milestone in Downtown Miami

8:00 am on June 23, 2024 By Oscar Nunez

The Waldorf Astoria Hotel & Residences, a nearly 100-story luxury tower set to rise at 300 Biscayne Boulevard in Downtown Miami, has secured a historic $668 million construction loan, the largest ever for a residential condominium development in Florida. The project, developed by PMG, Greybrook, Mohari Hospitality, S2 Development, and Hilton, achieved this financing milestone with Bank OZK and Related Fund Management providing the funds.

Miami’s Building Department Issues Phased Vertical Permit For 100-Story Supertall ‘Waldorf Astoria Hotel & Residences’

8:00 am on January 28, 2024 By Oscar Nunez

The Miami Building Department has issued a phased vertical construction permit for the Waldorf Astoria Hotel and Residences, a 100-story supertall mixed-use skyscraper under construction at 300 Biscayne Boulevard in downtown Miami. Designed by Sieger Suarez Architects in collaboration with renowned architect Carlos Ott and developed by Property Markets Group in partnership with Greybrook Realty Partners, Mohari Hospitality, S2 Development, and Hilton, the soaring tower, designed in the form of nine stacked offset glass cubes, will be the first to achieve supertall status in Miami and the state of Florida. The phased permit, approved on January 10, outlines the specifics of the new construction valued at $426 million, making a significant step forward for the project since its groundbreaking in late 2022.

Tower Crane Permits Filed For Waldorf Astoria Hotel & Residences Supertall In Downtown Miami

8:00 am on June 6, 2023 By Oscar Nunez

Tower crane permits have been filed for 300 Biscayne Boulevard, marking a significant step forward in the construction of Miami’s 100-story Waldorf Astoria Hotel & Residences. This supertall tower, designed by Sieger Suarez Architects in collaboration with Carlos Ott, is being developed by a consortium of high-profile partners. These include national developer Property Markets Group, Canadian private equity firm Greybrook Realty Partners, global investment company Mohari Hospitality, S2 Development, and global hospitality company Hilton, with John Moriarty Associates as the general contractor.

Construction Nears Fully Topping Out On Society Wynwood At 2431 Northwest 2nd Avenue In Wynwood, Miami

8:00 am on November 26, 2022 By Oscar Nunez

Construction is near fully topping out 0n Society Wynwood, a 10-story mixed-use development at 2431 Northwest 2nd Avenue in the heart of Miami’s Wynwood Arts District. Designed by MKDA and developed by a joint venture partnership between national developer Property Markets Group and Canada-based private equity firm Greybrook Realty Partners, the 680,873-square-foot structure will have 318 residential units, over 50,000 square feet of retail/restaurant space, and over 200 parking spaces. John Moriarty & Associates is the project’s general contractor, located between Northwest 24th and 25th Streets.

The 49-Story Elser Hotel And Residences Officially Opens At 398 NE 5th Street In Downtown Miami

8:00 am on November 19, 2022 By Oscar Nunez

On November 17, local dignitaries and hospitality professionals gathered at 398 Northeast 5th Street in Downtown Miami to celebrate the official grand opening of The Elser Hotel & Residences with a ribbon-cutting ceremony. Highgate officiated the event, the hotel’s management company, alongside national developer PMG, Canadian real estate private equity firm Greybrook, the Miami Beach Chamber of Commerce, and Government Liaison Tomas Alcala.

Developers Sign Utility Deal With Miami-Dade County For 100-Story Waldorf Astoria Supertall In Downtown Miami

7:30 am on November 10, 2022 By Oscar Nunez

A utility agreement has been signed for the Waldorf Astoria Hotel & Residences, a 100-story supertall mixed-use skyscraper that just recently broke ground at 300 Biscayne Boulevard in Downtown Miami. Designed by Sieger Suarez Architects in collaboration with Carlos Ott and developed by Property Markets Group and Greybrook Realty Partners, the 1,049-foot-tall structure will be the first to reach supertall heights in Florida. It will become the tallest residential building south of New York City and contain a mix of residential, hotel, and retail spaces.

PMG And Greybrook Officially Launch The Elser Hotel & Residences In Downtown Miami

7:30 am on August 10, 2022 By Oscar Nunez

Property Markets Group (PMG) and Greybrook Realty Partners recently hosted an unveiling event to celebrate the launch of The Elser Hotel & Residences, a 49-story new construction luxury condominium tower at 398 Northeast 5th Street. Set in the heart of Downtown Miami with unobstructed views of Biscayne Bay, guests enjoyed a live band, experiential performances and endless champagne. Remarks were given by Ryan Shear, Managing Partner of PMG, and the PMG Residential sales team, Alejandra Castillo, Christian Tupper, Daiana Quiceno, Aura Aragon and Karine Carvalho. Designed by Sieger Suarez Architects with interior architecture and design by Cotofana Designs, The Elser Hotel & Residences will deliver the only new, fully furnished and move-in-ready residences to Downtown Miami this summer. The property will allow owners to enter a short-term rental program with daily rental options through The Elser Hotel & Residences Owners Program, managed by industry-leading management company Highgate.

PMG And Greybrook Shift 49-Story Downtown Miami Project To Condos And Short-Term Rentals, Launched As The Elser Hotel & Residences

8:00 am on July 9, 2022 By Oscar Nunez

National investment and development firm Property Markets Group and Toronto-based real estate private equity firm Greybrook have changed the programming for a newly completed 49-story project once known as Society Biscayne on the southwest corner of Biscayne Boulevard and Northeast 5th Street. The developers rebranded and launched the 571-foot-tall tower as The Elser Hotel & Residences and the property is now addressed as 398 Northeast 5th Street. The newly completed tower offers 646 fully furnished residences, over 19,000 square feet of curated amenities and 5,000 square feet of prime retail space. PMG Residential is the exclusive sales team for the property, with residences priced from the $600,000’s or the equivalent cryptocurrency exchange rate.

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