Waldorf Astoria Residences Miami

Waldorf Astoria Residences Miami is a 93-floor, 360-unit tower rising at 249 NE 3rd Street in downtown Miami, designed by Carlos Ott with Sieger Suarez, interiors by BAMO. The developer is Property Markets Group (PMG), working with Greybrook Realty Partners, S2 Development, and Mohari Hospitality, the group that holds the Waldorf Astoria brand relationship for this project.

Construction is active and advanced: as of February 2026, roughly 60 of the tower's floors had been poured, moving through the building's stacked cubic massing. A $668 million construction loan from Bank OZK and Related Fund Management is recorded against the project. Completion is targeted for 2027.

Sell-through is unusually strong for a supertall not yet topped off: PMG reports the building over 90% sold, with one-bedroom units entirely spoken for, and more than half of residences sold before the 2022 groundbreaking — a pace the developer has called ahead of expectations.

Pricing runs from $3.3 million to $50 million. Unit sizes are not fully published; the file confirms a top-end residence of 13,119 square feet, with no stated minimum. No price-per-square-foot figure or neighborhood comparable set is published, so pricing here has to be read through sell-through rather than a $/sf table — at 90% sold, the market has been paying what's being asked.

Interiors are by BAMO. Beyond that, finish specifications, floorplan details, and included fixtures are not published in the materials on file — worth requesting directly from sales before comparing units.

The tower's height gives it long sightlines over downtown, the bay, and toward the ocean today, though three large towers proposed or under demolition nearby — discussed below — are a specific, cited consideration for how those views hold over the ownership period.

The amenity set leans on the Waldorf Astoria's hospitality machinery rather than a checklist of standalone facilities: Peacock Alley lounge, a signature restaurant, an all-day dining brasserie, a private bar and wine-tasting room, a hospitality suite for chef's tastings, and meeting space running from boardrooms to ballrooms. Residents get house-account signing privileges and preferred access to hotel venues and the spa, booked through a dedicated app alongside 24/7 room service, house-car and valet access, package delivery, and dog-walking service.

Wellness runs to a fitness center with dedicated wellness lounges, personalized health and fitness programs, and a spa with saunas, steam rooms, and treatment rooms. There's a resort pool with cabanas and an outdoor café, a separate private residential pool, a Kids Club, a billiard room, and an owners-only lobby and lounge on the third level with bay views. Parking ratio, EV charging, private elevators, storage, and any marina offering are not specified in the materials on file.

The address sits in downtown Miami, a location the market treats as a strong baseline. Three large towers are proposed or advancing nearby — Delano Residences (90 stories, north), One Bayfront Plaza (93 stories, south, with demolition underway as of March 2026), and an RFR tower planned up to 104 stories (southwest) — which is a real factor in how the neighborhood's skyline, and this building's views, will look a decade from now.

PMG has operated in Miami since 1991 and has delivered five towers in Miami-Dade, including Echo Aventura, Echo Brickell, Muse, Mei Miami Beach, and The Elser Hotel & Residences downtown. On this project it's paired with institutional partners — Greybrook Realty Partners and S2 Development — plus Mohari Hospitality, which carries the Waldorf Astoria brand relationship. The construction loan, $668 million from Bank OZK and Related Fund Management, is a large, named facility.

The brand itself is the differentiator: Waldorf Astoria brings a global hospitality standard, full-service amenity programming, and house-account privileges that a non-branded tower at this scale wouldn't offer. There is no litigation on file naming this project; matters involving PMG at other buildings are addressed separately on this page's filings panel and factor into the developer score shown below, but they are not matters open against Waldorf Astoria Residences Miami itself.

Deposit schedule and escrow percentage above the Florida-mandated 10% are not published for this project — get the full schedule from sales before signing. HOA dues are also not published; ask for a current estimate given the size of the amenity and hospitality staffing package. Rental and short-term-rental policy is not published either, which matters for anyone weighing this as an income property rather than a residence.

Completion is targeted for 2027, with the building well past halfway on vertical construction and financed by a recorded $668 million loan. No litigation is filed against this specific project.

Momentum (9) and delivery (8.5) are the strongest marks here: a well-financed, actively rising tower at 90% sold before topping out is close to the best signal this rubric recognizes for a supertall still under construction. Value (8) and liquidity (8) follow the same logic — sell-through at this level, under a global brand, is read as the market validating the price rather than resisting it, though the rental policy gap is a real unknown for liquidity. Buyer protection (7.5) reflects a well-capitalized, well-sold project even with deposit escrow terms not yet published.

Location (6) and developer (6) are the two categories doing the pulling-down. Downtown Miami is a strong baseline, but three large towers proposed nearby are a specific, cited threat to long-term view durability, not a generic concern. The developer score reflects PMG's real delivery record — five towers since 1991 — set against litigation tied to other PMG buildings, detailed separately on this page's filings panel; none of it names this project, but it shapes how much benefit of the doubt the sponsor earns.

This suits a buyer who wants a branded, well-financed downtown position and is comfortable holding through a 2027 delivery without locked-in rental terms yet in hand. It suits less well a buyer who needs certainty on view corridors or a fully clean developer litigation picture before committing capital.