The tower will become one of the tallest in Miami, at 861 feet above ground. It will also be the world’s the first residential high-rise in the world partially powered by the sun with 500 photovoltaic-integrated windows.
There is evidence that electric vehicles and EV charging stations are significantly impacting real estate in terms of property values, spurring higher rental and resale values.
Two towers would be built on the south end of Brickell Key.
Preliminary plans for what will become the Southplace City Center include a 150-key hotel, 60,000 square feet of medical office space, a terraced community amphitheater, golf cart trails, a trolley system, restaurants, retail and approximately 4,400 housing units to be built over a seven-year period.
The labor union has owned the site for more than 45 years and previously operated a 5,130-square-foot building on the parcel.
The 100-story tower is designed to fight 100-MPH winds with a superdeep foundation and anti-sway device.
The Waldorf Astoria Hotel & Residences is the first supertall building to break ground in Miami. It probably won’t be the last. Coming up on its heels are a handful of other proposed skyscrapers that appear to be moving steadily if slowly ahead after years of delays, grandiose announcements and some wishful thinking from developers looking to bust through the fabled 300-meter — nearly 1,000-foot — benchmark.
The County has issued an RFP for 17-acre site allowing for up to 23M square feet of real estate.
The lack of existing inventory that’s short-term rental friendly, and at that price point, prompted PMG and Greybrook to switch gears to condos.
One third of the office space has already been pre-leased, the developers said, even before the project was publicly announced.