Mohari Hospitality investment, the Waldorf Astoria Hotel and Residences, breaks ground in Miami

Mohari Hospitality investment, the Waldorf Astoria Hotel and Residences, breaks ground in Miami

The Waldorf Astoria Hotel & Residences Miami, a flagship Mohari Hospitality investment, has officially broken ground. This marks a significant milestone for the project, of which Mohari is a strategic partner and investor alongside national developer PMG, Canada-based private equity firm Greybrook, S2 Development and global hospitality company Hilton.

Located at 300 Biscayne Boulevard in Downtown Miami, Waldorf Astoria Miami will feature nine spiralling, offset glass cubes,rising 1,049 feet above Biscayne Bay. Designed by Sieger Suarez Architects, in collaboration with renowned conceptual artist Carlos Ott, the building will offer panoramic views of Downtown Miami, Miami Beach and the Atlantic Ocean and will be the tallest residential building south of New York City.

Across 100 stories, the tower will consist of 360 private residences, in addition to 205 guestrooms and suites, as well as retail and culinary destinations within the luxury hotel. The structure will transform Miami’s skyline, a city which is fast-becoming one of the top global hospitality destinations and increasingly synonymous with luxury.

J. Allen Smith, Managing Partner of Mohari Hospitality, commented: “The groundbreaking of the Waldorf Astoria Miami is an exciting milestone for Mohari Hospitality and all of the partners involved in the creation of this iconic building. Once developed, it will become the focal point of one of the most exciting and rapidly evolving cities in the world and will push the boundaries of architecture, design, luxury living and hospitality. We look forward to seeing the Waldorf Astoria Miami start to take shape in the months ahead.”

After coming to market in the spring of 2021, Waldorf Astoria Residences Miami has already reached 87% sold, with over 50% domestic buyers, followed by significant activity from Latin American markets including Mexico and Colombia, with additional international markets including Russia and Turkey. Construction is expected to finish in 2027.