Waldorf Astoria Miami: From a 2025 Target to Q2 2028

The Waldorf Astoria Residences at 300 Biscayne Boulevard are now scheduled for completion in the second quarter of 2028. When condo sales launched in 2021, the target was 2025. As of August 23, 2026, the superstructure had reached level 85 of 100, with the ninth and final glass "cube" underway and topping out expected this winter, Haute Residence reported, citing Florida YIMBY. That is a three-year slip from the launch date, and contract buyers should plan around it.

How the completion date moved

• June 2021: Condo sales launched for a $970 million project with 360 residences and a 2025 completion target, REBusiness reported.
• June 2024: The developers closed a $668 million construction loan from Bank OZK and Related Fund Management with completion slated for the second quarter of 2028, according to Commercial Observer and Bisnow. Both described it as a Florida record.
• December 2025 to February 2026: The concrete structure passed the 50th and then the 60th floor, Florida YIMBY reported.
• August 2026: Level 85 reached, still on the Q2 2028 target.

The building

Waldorf Astoria Residences will rise about 1,049 feet over 100 stories, making it Florida's first supertall, a building above 300 meters. It holds 387 private residences above a 205-room Waldorf Astoria hotel. The developers are Property Markets Group (PMG), Greybrook Realty Partners, Mohari Hospitality and S2 Development, with Hilton. John Moriarty & Associates is the general contractor.

What the resale market shows

The building is not finished, but 18 of its units were listed on the MLS on September 26, 2026, asking a median of $8.98 million, or $2,790 per square foot. None has closed in the county records yet, since no unit can close before delivery.

Those asking prices are far above anything that has actually sold nearby. PMG's The Elser, a few blocks north and finished in 2023, sold 24 units in the past year at a median of $1,106 per square foot. Its listings ask $1,438. Across Downtown, the median sale was $587 per square foot, with about 30 months of supply. Our Market Index reads 24, a buyer's market.

PMG has a Developer Score of 57 (B), based on five of the nine buildings we credit to the brand.

Why it matters to contract buyers

Read the outside date in your contract. Pre-construction contracts usually set an outside completion date, and a marketing target is not binding. A project that has already slipped three years can still finish within its contractual window.

Carrying costs start at closing, not at signing. A later delivery date pushes back the last deposit and the closing. It also means more time with your money tied up in a unit that earns nothing.

Assignment and resale. Listing a contract or a new unit next to 17 other listings at about $2,800 per square foot is a test of the market. The first recorded closings in 2028 will show what buyers actually pay.