PMG Celebrates Loan Closure and Foundation Pour for Waldorf Astoria Hotel & Residences in Miami

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Christian Tupper, Aura Aragon, Karine Carvalho, Alejandra Castillo, Ryan Shear, Sergio Pintos, Veronica Gorson, Andrea Arinez, and Edward Trelles

Photo Credit: Alex Escorcia/PKSproducciones

Last month, Property Markets Group (PMG) hosted an event to celebrate a record-breaking milestone. PMG, developer of Waldorf Astoria Hotel & Residences in Miami, secured a $668M loan from Bank OKZ and Related Fund Management to fund the construction of the property, as well as the completion of the project’s historic foundation pour.

The Waldorf Astoria Residences Miami is located at 300 Biscayne Boulevard and will rise 100 stories and 1,049 feet above Biscayne Bay. The building will be the first supertall tower in Miami, as well as the tallest residential building south of New York City. The tower itself will consist of 387 residences and offer 360-degree views of the Downtown Miami skyline, Miami Beach and the Atlantic Ocean. This property also marks the Miami market debut for Waldorf Astoria, known to be one of the most iconic hospitality brands, and is set to become a renowned structure in Downtown Miami.

Vanessa Grisalez, Gaston Lauge, and Claudia Pinto

Photo Credit: Alex Escorcia/PKSproducciones

The celebratory event was held at the Waldorf Astoria sales gallery where guests were able to enjoy a variety of delicious hors d'oeuvres and explore models of future residences, all while celebrating the project’s latest feats and first-hand witnessing “History In The Making”.

The building has been conceptually designed by Carlos Ott, a Uruguayan-Canadian architect with over forty years of experience in the design of architectural projects, as well as Sieger Suarez, a Miami-based architectural firm, and is revolved around inspirations from 20th century sculptor Alberto Giacometti.

Juliana Tobon, Michael Lipsky, Juan Carlos Tobon

Photo Credit: Alex Escorcia/PKSproducciones

As construction on the tower picks up, the Waldorf Astoria Residences aims to have these high-concept designs intersect with the utmost in convenience, technology and beauty down to the most minute details, creating an overall living space designed for upward energy flow and refined with tailored details.

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