Waldorf Astoria Residences Faces Shifting Completion Timelines

Shifting Timelines for the Waldorf Astoria

Potential buyers of the Waldorf Astoria Residences should note that the project has been associated with several different completion dates across various official and marketing platforms. These inconsistencies may impact move-in timelines and financing plans for owners in the Downtown area.

Located at 300 Biscayne Boulevard, the tower is expected to be Florida's tallest building at 1,049 feet above sea level. While early marketing in 2021 estimated a completion date around summer 2025, a development partner stated in early 2022 that the project was slated for 2026. More recently, a June 2024 financing release from Bank OZK and Related Fund Management stated the tower was slated for completion in Q2 2028.

Construction Progress and Financing

The project involves significant capital and scale. The construction is being performed under a phased vertical permit valued at $426 million. The $668 million construction loan for the Waldorf Astoria Residences is the largest ever secured for a residential condominium development in Florida.

Construction milestones have been recorded as the tower progressed. The concrete superstructure passed the 50th floor in December 2025 and the 60th floor in February 2026. The tower has surpassed a height of 870 feet, and a representative for PMG stated the tower is over 90% sold.

Local Inventory and Context

For those evaluating the Downtown market, the Waldorf Astoria Residences sits near several other high-profile developments. Currently, Aston Martin Residences has 57 active listings, while Epic Residences has 24 active listings. Other nearby options include One Miami West with 11 active listings and One Miami East with 9 active listings. Met 1 currently has 18 active listings.

As of August 2026, the Downtown area has 559 active condo listings, with a median asking price of $820,000 ($920/sq ft).