{"id":1004290352,"date":"2019-01-09T04:41:14","date_gmt":"2019-01-09T12:41:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004290352"},"modified":"2022-12-08T22:48:49","modified_gmt":"2022-12-09T06:48:49","slug":"waldorf-astoria-to-open-1st-miami-location","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/waldorf-astoria-to-open-1st-miami-location\/","title":{"rendered":"Waldorf Astoria to Open 1st Miami Location"},"content":{"rendered":"<p>By Holly Dutton<\/p>\n<div id=\"attachment_1004290484\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Waldorf-Astoria-Miami.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004290484\" data-attachment-id=\"1004290484\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/waldorf-astoria-to-open-1st-miami-location\/waldorf-astoria-miami\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Waldorf-Astoria-Miami.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Waldorf Astoria Miami\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Waldorf Astoria Miami&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Waldorf-Astoria-Miami.jpg?w=800\" class=\"wp-image-1004290484 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Waldorf-Astoria-Miami.jpg\" alt=\"Waldorf Astoria Miami\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Waldorf-Astoria-Miami.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Waldorf-Astoria-Miami.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/01\/Waldorf-Astoria-Miami.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004290484\" class=\"wp-caption-text\">Waldorf Astoria Miami<\/p><\/div>\n<p>A Waldorf Astoria project in Miami has secured a $33 million pre-development loan, provided by BridgeInvest. Property Markets Group will develop the 98-story luxury condo and hotel, which will be branded and operated by Waldorf Astoria.<\/p>\n<p>The non-recourse loan will be used by the developer to finalize approvals, market the property and launch residential sales.<\/p>\n<p>The new Waldorf Astoria will be located at 300 Biscayne Blvd. and is being designed by Sieger Suarez Architects. The 1,049-foot tower will house a 140-key hotel and 400 condo units. When completed, the Carlos Ott-designed tower is expected to include a swimming pool, a gym, office space and a spa. The development will mark the first Waldorf Astoria in Miami.&nbsp;<\/p>\n<p>Property Markets Group acquired the downtown property in 2014 for $80 million. The developer built the rental community X Miami adjacent to the site. &nbsp;<\/p>\n<p>Last September, Waldorf Astoria <a href=\"https:\/\/www.commercialsearch.com\/news\/waldorf-astoria-debuts-in-bangkok\/\">opened Waldorf Astoria Bangkok<\/a>, a 171-key hotel in the heart of Bangkok, marking the company\u2019s first property in Southeast Asia. Just this week, Epelboim Development Group, in conjunction with InterContinental Hotels Group, <a href=\"https:\/\/www.commercialsearch.com\/news\/epelboim-completes-even-hotel-miami-airport\/\">opened its newest hotel project<\/a>, the 190-key EVEN Hotel Miami Airport.<\/p>\n<p><em>Image courtesy of BridgeInvest<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Property Markets Group will develop the 98-story mixed-use project, which is expected to feature a 140-key hotel and 400 condo units.<\/p>\n","protected":false},"author":745,"featured_media":1004290484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21751,1492,21752,21742],"tags":[39498,33399,38326],"class_list":["post-1004290352","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-hotel","category-miami","category-mixed-use","category-latest","tag-bridgeinvest","tag-property-markets-group-inc","tag-waldorf-astoria"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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