{"id":161990,"date":"2026-02-20T01:16:34","date_gmt":"2026-02-20T01:16:34","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/161990\/"},"modified":"2026-02-20T01:16:34","modified_gmt":"2026-02-20T01:16:34","slug":"pmg-to-build-another-supertall-next-to-waldorf-astoria","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/161990\/","title":{"rendered":"PMG To Build Another Supertall Next To Waldorf Astoria"},"content":{"rendered":"

Property Markets Group<\/a>\u00a0is building what will one day soon be Florida’s tallest tower in Downtown Miami. On Thursday, it announced plans to build a neighboring tower nearly as high.<\/p>\n

\"Placeholder\"\/<\/p>\n

\n Courtesy of ARX Creative\n <\/p>\n

\n The Delano Residences Miami\n <\/p>\n

Miami-based PMG has struck a\u00a0deal with hospitality company Ennismore<\/a>\u00a0to develop a 90-story\u00a0Delano-branded condo tower, the companies announced Thursday.\u00a0<\/p>\n

The 421-unit building is planned to reach 985 feet at its apex and rise a three-minute walk away from PMG’s\u00a01,096-foot-tall\u00a0Waldorf Astoria Hotel<\/a>\u00a0& Residences Miami, which\u00a0started construction\u00a0in 2022 and is expected to reach its full height by the end of this year.<\/p>\n

“I thought I knew how to build a high-rise because I’ve done enough of them in my career, and then we championed the Waldorf, and it was an entirely new education,” PMG Managing Partner\u00a0Ryan Shear<\/a>\u00a0told Bisnow\u00a0on Thursday. “Because of that, you get that knowledge and that wisdom, and it’s so important approaching a second supertall.”<\/p>\n

Sales are expected to launch in March for the units in the building, which are being offered at a far lower price point than the Waldorf Astoria. Residences will start at $800K and range from studios as small as 410 SF\u00a0to three-bedroom units.\u00a0Some residences will come with a deeded, glass-encased, fully furnished office suite.<\/p>\n

The project is set to rise at 400 Biscayne Blvd., the site of a sales gallery for the Waldorf Astoria, which will include 387 condos and 205 luxury hotel rooms. That project\u00a0landed a $668M construction loan\u00a0from Bank OZK and Related Fund Management in 2024, which was Florida\u2019s largest construction loan at the time<\/a>.<\/p>\n

More than 90% of the units have been sold at the 100-story supertall at 300 Biscayne Blvd., with delivery expected\u00a0in the beginning of 2028.\u00a0One of five penthouses in the building was listed for $50M<\/a>.<\/p>\n

Every aspect of developing\u00a0a supertall\u00a0is different, Shear said. PMG also co-developed the world’s skinniest tower<\/a>, 111 W. 57th St. in Manhattan, which reaches 1,428 feet and overlooks Central Park.<\/p>\n

While a lot of the challenges stem from the height and the mechanics and permits of building a supertall, the selling, financing and delivering process is a new and challenging process, too, Shear said.<\/p>\n

“We feel incredibly equipped to say, ‘OK, this is right next door [to the Waldorf Astoria]. We bought it, we financed it, we did it. We know exactly what to do,'” he said.<\/p>\n

The\u00a0Delano tower\u00a0is being designed by architectural firm Cube 3 and conceptual artist Carlos Ott, who also designed the stacked-cube look of the Waldorf Astoria. The Delano will have a markedly different look, resembling a torpedo pointed to the sky.<\/p>\n

It will also have Southeast Florida\u2019s first observation floor, with a glass deck 850 feet above the city, as well as a Delano Members Club with a pool deck and wraparound pool. The developer\u00a0is also planning an all-day signature restaurant, a Delano-branded bar and a sky restaurant on the building’s upper floors.<\/p>\n

London-based hospitality company Ennismore owns the Delano brand after teaming up with Cain International in 2024<\/a> to renovate the Delano Miami Beach and chart a global expansion for the iconic South Beach brand.<\/p>\n

There are now Delano hotels in Dubai and Paris, and Ennismore and Cain have plans for seven more.<\/p>\n

Cain\u00a0and Ennismore’s planned\u00a0updates to the 171-room hotel and its restaurants, bungalow and fourth-floor pool\u00a0were supposed to\u00a0be done last year but\u00a0are now slated for\u00a0reopening in March<\/a>.<\/p>\n

“The launch of Delano\u2019s first branded residences marks a defining moment for the brand, extending its legacy of authentic hospitality, cultural relevance and exceptional design into the residential experience,” Ennismore Deputy Group CEO Phil Zrihen said in a statement. “Miami has always been central to Delano\u2019s evolution, and there is no place better suited to translate the brand\u2019s ethos, creative energy and emphasis on human connection into everyday living.”<\/p>\n","protected":false},"excerpt":{"rendered":"Property Markets Group\u00a0is building what will one day soon be Florida’s tallest tower in Downtown Miami. On Thursday,…\n","protected":false},"author":2,"featured_media":161991,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[9999,225,227,226,77532,77533,77534],"class_list":["post-161990","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hialeah","tag-ennismore","tag-hialeah","tag-hialeah-headlines","tag-hialeah-news","tag-property-markets-group","tag-the-delano","tag-waldorf-astoria-hotel-residences"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/161990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=161990"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/161990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/161991"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=161990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=161990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=161990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}