This is my side-by-side read on two very different branded towers. Waldorf Astoria Residences Miami is a 100-story, 1,049-foot supertall at 300 Biscayne Blvd in Downtown Miami by PMG and Greybrook Realty Partners, with 387 residences plus a 205-key hotel, concept design led by Sieger Suarez Architects with Carlos Ott, targeting Q2 2028, per the joint release from Greybrook, PMG, Mohari Hospitality, S2 Development and Hilton. Cipriani Residences Miami is an 80-story Brickell tower at 1420 S Miami Avenue by Mast Capital, with 397 residences and a ground-floor Cipriani restaurant, designed by Arquitectonica, from $1.8M and guided to Summer 2027, per PROFILEmiami. The choice comes down to three things: a 20-story height gap and the views that come with it, an American hotel brand versus an Italian hospitality brand, and construction stage, because Cipriani topped out in July 2026 and delivers roughly three quarters before Waldorf. For context on the full Miami market, see the building comparison index.
Buyers comparing Miami branded pre-construction often ask me to put Waldorf Astoria Residences Miami next to Cipriani Residences Miami in Brickell. They both start around the same entry price, but almost everything else is different: the neighborhood (Downtown versus Brickell), the developer (PMG plus Greybrook versus Mast Capital), the architect (Sieger Suarez versus Arquitectonica), and the height (100 stories versus 80). Both now target 2028 delivery, so the timeline is no longer the tiebreaker it looked like a year ago. Here is my analysis based on each developer's public specs and the schedules I track from Miami-Dade County permit records as of Q2 2026.
Side-by-Side Comparison
| Category | Waldorf Astoria Residences Miami | Cipriani Residences Brickell |
|---|---|---|
| Neighborhood | Downtown Miami (300 Biscayne Blvd) | Brickell (1420 S Miami Avenue) |
| Delivery | Estimated Q2 2028 | Summer 2027 (topped out July 2026) |
| Developer | PMG with Greybrook, Mohari Hospitality and S2 Development | Mast Capital |
| Architect | Sieger Suarez Architects with Carlos Ott | Arquitectonica |
| Brand | Waldorf Astoria (American hotel) | Cipriani (Italian hospitality) |
| Height | 100 stories / 1,049 ft above sea level (CTBUH: 1,041 ft above ground, 98 floors) | 80 stories, topped out at roughly 950 ft |
| Total Units | 387 residences + 205-key hotel | 397 residences |
| Price From | Launched at $1,000,000 in March 2021; developer-reported 90%+ sold | $1,800,000 (July 2026) |
| Price To | $30,000,000+ (penthouses) | $18,000,000 to $32,000,000 (penthouses) |
| Avg Price/sqft | ~$1,500 | Disclosed per unit; entry near $1,100/sqft |
| Signature | Tallest residential tower south of NYC | Ground-floor Cipriani restaurant |
| Rental Policy | Annual leases, short-term restricted | Annual leases, short-term restricted |
Price Analysis
This is the part most buyers get wrong. Neither of these is the budget option. Cipriani launched at roughly $1.1M in March 2022 and stood at $1,800,000 by its July 2026 top-off, with the Canaletto Collection opening at $4.1M, per PROFILEmiami. Waldorf launched from $1,000,000 in March 2021 and has been developer-reported more than 90 percent sold since June 2024, so there is no meaningful published floor left to quote: what remains is Sky Collection inventory priced unit by unit, which I confirm directly with the sales team. Where they clearly split is up the stack. Waldorf runs roughly $1,500 per square foot on average and pushes its penthouse collection past $30,000,000, because a 100-story tower at the 1,049-foot FAA ceiling has dozens of floors no neighbor can block. Cipriani tops out lower, with penthouses on floors 75 to 80 from $18,000,000 to $32,000,000. You are choosing how much you pay to climb into the rarest air in Downtown Miami, not a budget building versus a luxury one.
Who Should Pick Which
Choose Waldorf Astoria Residences Miami if: you want the record-setting tower. At 100 stories and 1,049 feet above sea level it will be the tallest residential building south of New York City, the views from the upper floors over Biscayne Bay are unobstructed, and the 205-key Waldorf Astoria hotel sits in the same building for service and resale recognition. Delivery is guided to Q2 2028. The trade-off is that you are in Downtown Miami rather than Brickell, you are buying the tower that is still climbing while Cipriani has already topped out, the supertall scale means 387 residences sharing the address, and the building is developer-reported more than 90 percent sold, so your choice of line is narrow.
Choose Cipriani Residences Brickell if: you want a Brickell address and the Italian Cipriani brand, with a ground-floor Cipriani restaurant downstairs and 1508 London interiors. Arquitectonica designed the 80-story tower, and Mast Capital positions it as the more reachable branded entry in the neighborhood. It topped out at roughly 950 feet in July 2026, so the structure is already up, with delivery guided to Summer 2027 and pricing from $1.8M. The trade-off is a shorter tower than Waldorf.
Rental Policy and Investment Profile
Both towers are built for annual leases, not daily Airbnb. The Waldorf Astoria brand restricts short-term rentals by building management, and Cipriani's condo rules are expected to require annual leases with a 6 to 12 month minimum term, so confirm the exact covenants in the Declaration of Condominium before you sign. On the income side, Waldorf draws Downtown Miami's young-professional renter pool, which the building's own projection ties to walkability and proximity to Brickell's financial district. Cipriani sits directly in Brickell, which has among the strongest 1 and 2-bedroom luxury rental demand in the country, with annual leases in the $5,500 to $9,000 per month range a reasonable assumption for the 2027 to 2029 market at this caliber of building. Because Waldorf's remaining inventory is priced unit by unit rather than off a published floor, the yield difference comes down to the specific unit line and floor rather than a headline price gap between the two buildings.
My Recommendation
There is no universal winner here. I help clients decide based on their specific use case: primary residence, second home, or investment. If you have narrowed your search to these two, let me pull the actual available units in each and run a unit-level comparison on exact floor, view, and layout.
"When buyers can't decide between these two, I ask one question first: do you want the tallest residential address south of New York, or do you want a Brickell front door with Cipriani downstairs? That answer settles it faster than any spreadsheet."Gerardo Gonzalez, Licensed Real Estate Agent at Compass
"Waldorf and Cipriani are not the same product at two prices. One is a 100-story supertall with a hotel in the lobby; the other is an 80-story Brickell tower with an Italian restaurant on the ground floor. Pick the lifestyle, then we pick the floor."
Ready for unit-level numbers? Use the full comparison tool or reach out for specific floor availability and pricing.
Comparing the Brickell branded towers head to head? See how Cipriani Residences Brickell compares to St. Regis Residences Brickell on price per square foot, HOA, and delivery timeline.
Frequently Asked Questions
Which is more expensive, Waldorf Astoria Residences Miami or Cipriani Residences Brickell?
Cipriani starts at $1,800,000 as of its July 2026 top-off, per PROFILEmiami. Waldorf launched from $1,000,000 in March 2021 and is developer-reported more than 90 percent sold, so its entry today is set by the Sky Collection inventory that is left rather than by the launch number. The difference is clearer at the top: Waldorf averages around $1,500 per square foot and its penthouse collection runs past $30,000,000, while Cipriani's penthouses on floors 75 to 80 range from $18,000,000 to $32,000,000. Waldorf reaches higher because it is a 100-story supertall.
Which delivers sooner?
Cipriani delivers first. It topped out at roughly 950 feet in July 2026, its structure is complete and it is now in finishes, with Summer 2027 occupancy guided, per PROFILEmiami. Waldorf Astoria Residences Miami passed 60 of its 100 floors in early 2026 and is guided to Q2 2028, roughly three quarters later.
Which is taller, and does it matter?
Waldorf is 100 stories and 1,049 feet above sea level, the FAA ceiling for this airspace, set to be the tallest residential tower south of New York City. CTBUH measures the same tower at 1,041 feet above ground across 98 floors. Cipriani is 80 stories and topped out at roughly 950 feet. The 20-floor gap matters for views: Waldorf's upper residences have unobstructed sightlines over Biscayne Bay that no neighbor can block.
Do either allow short-term rentals?
Neither is built for daily Airbnb. Waldorf restricts short-term rentals under the brand's management, and Cipriani's rules are expected to require annual leases with a 6 to 12 month minimum. Confirm the exact covenants in each Declaration of Condominium before purchase.
What is the difference in brand and developer?
Waldorf is an American hotel brand, developed by PMG with Greybrook, Mohari Hospitality and S2 Development, with 387 residences above a 205-key hotel and concept design led by Sieger Suarez Architects in collaboration with Carlos Ott. Cipriani is an Italian hospitality brand, developed by Mast Capital with a ground-floor Cipriani restaurant and architecture by Arquitectonica. Two different lifestyles, not two price tiers.
Which is a better investment?
It depends on your goal. Waldorf sits in Downtown Miami near Brickell's financial district and carries the supertall record and hotel platform for resale recognition. Cipriani sits directly in Brickell, which has among the strongest 1 and 2-bedroom luxury rental demand in the country. Cipriani starts at $1.8M today while Waldorf's remaining Sky Collection inventory is priced per unit, so yield comes down to the specific floor and unit line. I run custom ROI projections for clients considering either.
Frequently Asked Questions
Ready to Work with Gerardo?
Book a 30-minute call. I walk you through specific buildings, units, and numbers relevant to your situation. No pitch, just analysis.
Book a ConsultationPrefer to talk? Call me at (305) 964-8614 or WhatsApp.