S2 Development

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

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.

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

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.

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

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.

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Groundbreaking Date Announced For 1,049-Foot Supertall Waldorf Astoria Hotel & Residences In Downtown Miami

Today, national developer Property Markets Group along with Canadian private equity firm Greybrook Realty Partners, global investment company Mohari Hospitality, S2 Development, and global hospitality company Hilton proudly announce the official groundbreaking of Waldorf Astoria Hotel & Residences in Downtown Miami. Located at 300 Biscayne Boulevard, the soaring tower will rise 100 stories and 1,049 feet above Biscayne Bay, marking Miami’s first supertall tower and the tallest residential building south of New York City. This also marks the debut of one of the world’s most iconic hospitality brands, Waldorf Astoria, in the Miami and South Florida market. John Moriarty Associates is the general contractor and is scheduled to break ground on Thursday, October 27, 2022. 

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Foundation Permits Issued For Waldorf Astoria Hotel And Residences At 300 Biscayne Boulevard, Miami’s First Supertall Skyscraper

Foundation permits have been issued for 300 Biscayne Boulevard, the site of the upcoming 100-story Waldorf Astoria Hotel & Residences, the first supertall skyscraper to be developed in Miami. The project’s developers, Property Markets Group, Greybrook Realty Partners, S2 Development and Mohari Hospitality, were officially issued permits to begin foundation work on March 23, 2022, and Keller North America Inc. is listed as contractor. The scope of work involves site and soil improvements on the 43,791-square-foot development site with a price tag of $5,165,000. The permits expire on November 19, 2022, meaning ground breaking is likely to occur in the coming months.

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