Planned Waldorf Astoria hotel and residences decrease

From left to right: Ryan Shear, Kevin Maloney and Dan Kaplan of Property MG (Property MG, LoopNet)

The Waldorf Astoria Hotel and Residences planned for downtown Miami will still be one of the tallest buildings in South Florida, but it gets a bit smaller.

The latest design tweaks, which were unanimously approved by the Miami Urban Development Review Board on Wednesday, include reductions in height, mass and housing units, according to a letter from the lawyer Javier Avino.

Property Markets Group, led by Kevin Maloney, Ryan Shear and Dan Kaplan, is now proposing to build a tower at 300 South Biscayne Boulevard that is 1,036 feet high, or 93 stories, a shortening of 24 feet and eight inches in height. previously approved. of 1,060 feet and eight inches.

That could make it shorter than the tower that could replace the First Miami Presbyterian Church at 609 Brickell Avenue, which holds the development rights for a 1,049-foot-tall building, according to published reports.

Previously, the 100-story Waldorf Astoria in Miami was supposed to be the tallest skyscraper south of Manhattan.

The new design scheme also reduces the number of residential units that could be built. According to the initially proposed plans, PMG could build 1,575 units. Today, PMG is looking to build 461 residential units and 205 hotel rooms.

The tower will now measure only 1.5 million square feet. According to the initially approved plans, PMG could have built a skyscraper of just under 2 million square feet.

The building was designed as a stack of nine staggered glass cubes, by architect Carlos Ott, with reference architect Sieger Suarez. Hilton Management Services will operate the property. The hotel will be on the top three “cubes” of the building, and the condos will be on top of them.

PMG is developing the project with Greybrook Realty Partners and Hilton.

PMG Downtown Developers LLC paid $ 80 million, or about $ 900 per square foot, for the 2-acre site in November 2014, according to records.
The design changes come seven months after PMG announced the launch of sales for the Waldorf Astoria project, which will feature a Peacock Alley lounge, a resort-style pool with cabanas, and a fitness center.

Waldorf Astoria Miami Condo, Hotel Tower launches sales (therealdeal.com)


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