Waldorf Astoria Miami's Finish Date Has Moved Three Times Since 2021

The Waldorf Astoria Hotel & Residences Miami, PMG’s 100-story tower at 300 Biscayne Boulevard, has told the market four different finish dates since it was first marketed, and each revision has pushed the date later, not sooner.

Why it matters

A single slipped date on a condo tower is routine. A repeated pattern of slippage on Florida’s soon-to-be-tallest building is a different signal, and it is the one a GC, lender or sponsor underwriting the next Miami supertall has to price in. Early brokerage marketing in 2021 pointed to a summer 2025 handover. By January 2022, development partner Greybrook had already pushed that to 2026. When Bank OZK and Related Fund Management closed a $668 million construction loan in June 2024, described as the largest ever secured for a Florida condo development, the release attached to that financing put completion at “Q2 2028.” As of July, Hilton is telling the public the downtown property opens in 2028. Four dates, three revisions, and the trend line only moves one direction. For anyone bidding schedule guarantees or lending against a completion date on a comparable vertical build, that is the data point worth underwriting to, not the marketing copy.

The numbers

The tower’s concrete superstructure passed the 50th floor in December 2025 and the 60th floor in February 2026, according to Miami New Times, putting the structure past 870 feet of a planned 1,049 feet at 100 stories. Crews have been pouring roughly one floor every ten days. The project carries a $426 million phased vertical permit and is more than 90 percent sold, per PMG. None of that pace data changes the fact that the stated finish line has moved from 2025 to 2026 to 2028 over five years.

What’s next

At roughly one floor every ten days, the remaining 40-plus floors alone run well past a year of vertical work before finishes, systems and hotel buildout even start. Anyone tracking Miami supertall timelines for underwriting or bid purposes should treat 2028 as the current PMG-and-Hilton line, not a hard date, given the project’s own history of moving it.