The COVID-19 pandemic has increased demand for hotel rooms in South Florida, with close to 5,000 new rooms opening by 2026. One of the planned hotels is Collins Park Miami, a multi-building venture that will comprise 172,000 square feet.
Miami’s skyline is set to gain its first supertall tower with the development of the 100-story Waldorf Astoria Hotel & Residences, following a recent agreement between the School Board of Miami Dade County and the project’s developers. According to county records, the deal, entered on December 5, 2022, and recorded on March 6, will enable the construction of the 1,049-foot supertall tower at 300 Biscayne Boulevard. The School Board had previously authorized the agreement on October 19, 2022.
Construction is anticipated to start on Vita at Grove Isle by the end of this month. The six-story venture will comprise 65 luxury condos, which will measure around 4,000 square feet each.
Cipriani Residences Miami will be the first ground-up residential tower under the Cipriani brand. Miami Condo Investments reports that the 80-story structure will comprise 397 luxury residences.
555 River House could soon call the 305 home. Our sources report that the general contractor could start on the $200 million venture in August 2023, comprising about 140,000 square feet of new construction.
