Photo Credit: Courtesy of ArX Solutions

To be located at 300 Biscayne Boulevard, the tower will rise to be 100 stories and 1,049 feet, overlooking Biscayne Bay and becoming the tallest residential building south of New York City. The South Florida project and its residences will enjoy unobstructed water and classic Miami views. It is the first offering by Waldorf Astoria in Miami, a large indicator of the Magic City's continuing ascension among the world's top lifestyle cities.

"Miami has become a true global city, drawing in a high concentration of international buyers and travelers, as well as those domestically predominantly from the Northeast, Midwest, and California," said Ryan Shear, Managing Partner of PMG. "Waldorf Astoria's rich history and heritage combined with Miami's flare has evoked an overwhelmingly enthusiastic response from a new generation of luxury consumers, as well as generational Waldorf brand loyalists around the world."

Photo Credit: Courtesy of ArX Solutions

A total of 360 residences, with an additional 205 guestrooms and suites in the five-star hotel, will be housed in the building. Some of the main spaces will include the 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. The residences start at $1 million. Sales and marketing are led by the in-house team of PMG Residential, including Aura Aragon, Alejandra Castillo, Karine Carvalho, Daiana Quiceno, and Christian Tupper. They are also joined by Fredrik Eklund, Julia Spillman, and John Gomes of Douglas Elliman's Eklund | Gomes Team.

"We are incredibly excited to partner with PMG to bring the first Waldorf Astoria to Miami, one of the most dynamic and cosmopolitan destinations that draws discerning travelers from around the globe," added Dino Michael, senior vice president and global head of Waldorf Astoria Hotels & Resorts. "Waldorf Astoria Hotel & Residences Miami will not only transform the city skyline, but usher in a new level of service to the Miami market, creating unforgettable experiences for every resident and guest.

Photo Credit: Courtesy of ArX Solutions

Concept designer Carlos Ott, now in his fifth collaboration with PMG, designed the building to have nine spiraling offset glass cubes that will have a clear and lasting impact on Downtown Miami's famed boulevard. Ott worked with Sieger Suarez to create what is to become one of the most highly-awaited projects in the history of South Florida. California-based interior design firm BAMO was brought in by the developers to complete Waldorf Astoria Residences Miami's stellar team.

Ott said, "The unique nature of this project largely comes from not only creating an iconic building, but a distinguished sculpture that would permanently alter Miami's skyline with height and design never seen before."

Photo Credit: Courtesy of ArX Solutions

The residences will have smart-home technology with custom mobile app access to Waldorf Astoria's concierge service.

"It has been an absolute pleasure working with PMG, Hilton, and the entire project team of very talented professionals to design this truly remarkable building in which every detail has been carefully considered and meticulously designed," said Peter Politis, CEO of Greybrook Realty Partners. "We are very excited for the reveal of this iconic building that is a symbol of Miami's growing prominence on the world stage and is sure to attract discerning buyers seeking a luxury lifestyle experience that is in a league of its own."

Photo Credit: Courtesy of ArX Solutions

Added Kevin Maloney, managing partner of PMG, "Waldorf Astoria is one of the only five-star hotel brands worldwide, and we're honored to expand this timeless portfolio to Miami. We feel confident with our renowned partners on board, Waldorf Astoria Residences Miami is poised to lead the new development cycle and deliver a completely one-of-a-kind, priceless experience to South Florida."

Waldorf Astoria Hotel & Residences will be managed by Hilton Management Services, offering residents.

Photo Credit: Courtesy of ArX Solutions

The post Sales Of Waldorf Astoria Residences Miami Begin appeared first on Haute Residence by Haute Living.

Sign up for the upcoming Haute Residence webinar:

Wednesday, May 27th at 2 PM EST / 11 AM PST

Craig Hogan, Vice President of Coldwell Banker Global Luxury, moderates a talk with top Coldwell Banker agents from around the world of luxury real estate market: Vanda Demeure (Paris, France), Jade Mills (Beverly Hills, CA), Ricardo Rodriguez (Boston, MA), and Wendy Walker (Scottsdale, AZ). REGISTER.

Avra Jain, Ryan Shear

Highlight quotes:

Avra Jain: "For my friends that have stripped malls, we will see big changes in retail. It is accelerating even more than it already was... Hospitality got crushed. (That industry) is under a lot of stress, expecting an 18-20 month recovery. Conferences have been canceled, so those hotels are in a vulnerable situation... Investors and family funds are moving to Miami, putting more equity here and less on the capital markets... On the office side, we already have high net worth individuals already relocating to Miami, bringing satellite offices and even moving their offices... As long as there are unique opportunities, we will do it. We don't just buy and do deals just to do deals... Our local lenders are great. When the PPP was made available, they reached out to us and we were approved and received the money to pass onto our employees. We are lucky we have a lot of good lenders here. A lot of what people need is a little help now to get past this. Tenants will remember the landlords that did the right thing... The reset is an opportunity to introduce more technology."

Ryan Shear: "Other than New York, we are vertical in Phoenix and Florida, and fortunately the jobs have not stopped. We work with the cities to make concerted efforts to keep workers safe... There is more work to be done today. We are putting an emphasis on planning... The silver lining of a down market is construction costs. You're going to be able to buy a better job. I think office and multi-family will be in a good spot in 6-9 months. It will be less expensive to build... In our New York office, there have been many requests to move to the Florida office. In real estate, New York is in the worst place it has been in my career... In New York, buildings are already built and not having sales. It is exposed for not having sales requirements. Urban cores are getting hit the hardest... We are not seeing sellers willing to take a 20% decrease in price... There should be a finality to this. There are lessons to be learned. How to navigate through this situation; keep people motivated, and not let the business suffer. I try to figure it out as I go along."

To watch more webinars by Haute Residence on the latest in the real estate industry with top leaders, developers, brokers and agents around the US and the world, visit dev.hauteresidence.com.

The post Watch: Real Estate Development Webinar, With Industry Leaders Avra Jain And Ryan Shear appeared first on Haute Residence by Haute Living.