Luxury Real Estate Investing

What Is the Waldorf Astoria Residences Miami's Impact on Downtown?

Q: What Is the Waldorf Astoria Residences Miami's Impact on Downtown?

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.

By Haute Living Real Estate Editorial Team · Published May 25, 2026

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.

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