The Waldorf Astoria Residences Miami — 100 stories, 360 residences, targeting 2029 delivery, starting at approximately $1M — is expected to reset Downtown Miami's PSF ceiling by establishing the most dramatic residential landmark in Florida's history. Post-delivery comparable sales will likely pull the entire Downtown luxury PSF index upward.
One building is doing the heavy lifting of repositioning Downtown Miami as a luxury address.
At 100 stories and 1,049 feet, Waldorf Astoria Residences Miami will be the tallest building south of New York City on delivery — a landmark story that carries brand equity Downtown has not previously had.
The building's broad pricing structure — from ~$1M for lower floors through $30M+ for penthouses — creates comparable sales across the entire Downtown luxury spectrum, not just at the ultra-high tier. That is what makes the PSF reset likely to lift the whole submarket.