New York developer Property Markets Group and Toronto asset manager Greybrook Realty Partners have begun selling apartments in what will be the tallest building in Florida.
The 100-storey, 320m-high Waldorf Astoria Hotel and Residences, to be built on Biscayne Boulevard in downtown Miami, will be the state’s first "supertall" building, meaning it exceeds 300m in height.
The tower has been designed by Uruguayan architect Carlos Ott, who is based in Canada and is known for projects such as the Bastille Opera House in Paris. His design splits the tower into cubes, each of which is slightly offset from the one below, creating an impression ofÂ precarious balance.
No start date or timeline has yet been announced for the tower, but when complete it will offer 75,000 sq m of hotel rooms and condos, along with the usual amenities.
A conceptual rendering of the tower by ArX Solutions
The first three cubes will be taken up by the 205 hotel rooms, while the remaining six will accommodate 360 residences, all with interiors from San Francisco-based Bamo Interior Design.
Peter Politis, chief executive of Greybrook, commented: "The partnership with Hilton to bring this exceptional hospitality brand to the Miami market raises the bar and will provide future residents and guests of Waldorf Astoria Hotel & Residences Miami with an unparalleled first-class experience."
Units will start from $1m for a studio apartment.
Top image: Property Markets Group’s rendering of the tower shows how it will fit into the Miami cityscape