The developer of the famed 1,049-foot Waldorf Astoria-branded condo tower in Miami is now proposing a 1,000-foot Delano skyscraper downtown. Property Markets Group (PMG) is a renowned Miami-based firm that has various projects on Miami’s skyline. One of these is the super-slender building at 111 W 57th St on Manhattan’s Billionaires’ Row. The firm plans to break ground on the 985-foot tower in downtown next year.

Furthermore, they will partner with Delano, a hotel brand that includes a historic art deco hotel in Miami Beach. The firm also has footprints in Paris and Dubai. “In Miami, there are a lot of planned supertall towers, but it’s a heavy lift to get them out of the ground,” said Ryan Shear, PMG’s managing partner. “We’re about to find out if building another one was a smart decision or not.” Miami is undergoing a boom in new skyscrapers.

However, many of the tallest projects are still years off completion. Developers also see the need to build vertically as the city, squeezed in between the Atlantic Ocean and Everglades, runs out of land. Various hotel and residential projects across Florida are advancing such as the Four Seasons hotel development in Jacksonville. 

Scope on the Miami 1,000-foot Delano Skyscraper Downtown

Other than the proposed Miami 1,000-foot Delano skyscraper downtown, other projects are also in the planning phases of construction. Projects like Citadel’s office headquarters and the Dolce and Gabbana-branded condos haven’t officially broken ground yet. Conversely, Turkish developer Bekir Okan has been working on a proposed 900-foot tower since 2017. PMG’s own Waldorf Astoria project, which will be the city’s tallest building, is still under construction with about 90% of the units already sold.

Currently, Miami’s tallest building is the mixed-use Panorama Tower, standing at 868 feet tall. With the market for luxury condos in Miami saturated, PMG is marketing their Delano Residences project to a different demographic. The Delano’s 421 units will start at US$800,000 and are as small as 410 sq ft (38.1 sq m).

By comparison, some of the Waldorf Astoria’s more spacious condos that haven’t yet been sold start at US$4.9 million. The tower will include an observation deck and a swimming pool at the 800-ft mark, as well as a “sky restaurant”. Residents who are also members of the Delano Members’ Club will be able to use the facilities at Miami Beach location.

Project Factsheet:

• Project Name: Delano Residences Supertall Tower (proposed)
• Project Type: Mixed-use supertall residential and hospitality skyscraper
• Location: Downtown Miami, Florida, USA
• Proposed Height: 985–1,000 feet
• Developer: Property Markets Group (PMG)
• Hospitality Partner / Brand: Delano
• Related Landmark Project: Waldorf Astoria branded condo tower (1,049 ft) currently under construction in Miami
• Managing Partner (Developer): Ryan Shear
• Project Status: Proposed; groundbreaking targeted for next year (subject to approvals)
• Key Features:
  • Approx. 421 residential units
  • Unit prices starting around $800,000
  • Smallest units approx. 410 sq ft (38.1 sq m)
  • Observation deck near 800 ft level
  • Sky restaurant and elevated swimming pool
  • Access to Delano Members’ Club amenities in Miami Beach
• Market Positioning:
  • Targeted at a broader luxury demographic than ultra-premium condo towers
  • Positioned within Miami’s ongoing supertall skyscraper development cycle
• Competitive / Related Developments:
  • Citadel headquarters (planned)
  • Dolce & Gabbana-branded condo tower (planned)
  • Other proposed ~900 ft towers in Miami pipeline
• Context:
  • Miami facing land constraints between the Atlantic Ocean and Everglades, encouraging vertical development
  • Existing tallest building in the city: Panorama Tower (868 ft)
• Significance:
  • Adds to Miami’s emerging cluster of supertall residential towers
  • Expands PMG’s global luxury real estate portfolio spanning the U.S., Paris, and Dubai