https://www.thenextmiami.com/100-sto...r-now-72-sold/
100-Story Waldorf Astoria Announces It Will Break Ground This Quarter, Now 72% Sold
The 100-story Waldorf Astoria tower planned in downtown Miami has reached 72% sold and will break ground this quarter, its developers announced today.
It will become Florid’a first ever supertall, with a height of 1,049 feet above Biscayne Bay.
It took just 9 months to reach the 72% sold milestone.
“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,” said Ryan Shear, Managing Partner at developer PMG.
The Waldorf’s developers say that 55% of buyers are 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 tower will include 360 condos, and 205 five-star hotel keys. There will also be amenity, restaurant, and ballroom space.
Groundbreaking for the supertall Waldorf tower is scheduled for Q1 of 2022, with completion in 2026.