PMG, along with partners Greybrook Realty Partners, Mohari Hospitality, S2 Development and global hospitality company Hilton (NYSE: HLT) have announced that Waldorf Astoria Miami has sold 72% of its residential inventory in 9 months since launching sales. Rising 100 stories and 1,049 feet above Biscayne Bay as the tallest residential and hotel building south of New York City, Waldorf Astoria Miami will become a landmark beacon for the city and an architectural wonder in Florida. The development also marks the debut of one of the world’s most iconic hospitality brands, Waldorf Astoria, in the Miami market.

Buyers at Waldorf Astoria Residences Miami hail from across the globe with 55% of buyers being domestic, specifically from the Northeast, California and South Florida, and 45% of buyers coming from outside of the United States. The top international markets include Mexico, Russia, Colombia and Turkey. The sales and marketing success has been led in-house by PMG Residential, including Aura Aragon, Alejandra Castillo, Karine Carvalho, Daiana Quiceno and Christian Tupper, in collaboration with Fredrik Eklund, Julia Spillman and John Gomes of Douglas Elliman’s Eklund | Gomes Team.

“We could not have reached this incredible sales milestone without the help of our dedicated sales team and our development partners who have worked together to create a truly unique property that will set the standard for luxury living in South Florida,” said Ryan Shear, Managing Partner at PMG. “This achievement is a testament to the strength of Miami’s real estate market and the demand for the next generation of luxury condominium developments in South Florida. Miami is booming and quickly entering a new development cycle, and we are thrilled to be part of the Waldorf Astoria Miami’s legacy, which will forever transform the city’s skyline.”

Located at 300 Biscayne Boulevard, Waldorf Astoria Miami will feature nine spiraling, offset glass cubes that distinguish the property’s architecture from anything else on the East Coast. The tower’s concept design is led by Sieger Suarez Architects, in collaboration with renowned architect Carlos Ott, who worked in tandem to create an iconic structure in Downtown Miami. The developers also partnered with award-winning interior design firm BAMO, which prides itself on creating captivating environments that flow, function and make people feel welcome, at ease and inspired to live and dream more fully.

The property will consist of 360 private residences as well as 205 guestrooms and suites within the five-star hotel. Signature spaces will include Peacock Alley; a specialty restaurant; indoor/outdoor pre-function and function spaces; meetings and boardrooms; a resort-style pool deck with private cabanas; and a spa and fitness center. Waldorf Astoria Hotel & Residences Miami will be managed by Hilton Management Services, offering residents and guests alike a truly refined haven through the brand’s relentless commitment to personalized service and best-in-class experiences.

Waldorf Astoria Hotel & Residences Miami is expected to break ground in Q1 of 2022, with completion slated for 2026.

Images via ArX Solutions/ Waldorf Astoria Miami

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