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 360 residences plus a 205-key hotel, designed by Sieger Suarez Architects, targeting Q1 2027. 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, targeting 2028. Both start near $1.1 million, so the choice is not really about a price split. It is about three things: a 20-story height gap and the views that come with it, an American hotel brand versus an Italian hospitality brand, and a roughly one-year delivery difference. 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), the height (100 stories versus 80), and the delivery year (Q1 2027 versus 2028). 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 Q1 2027 | Estimated 2028 (top-off 2027) |
| Developer | PMG + Greybrook Realty Partners | Mast Capital |
| Architect | Sieger Suarez Architects | Arquitectonica |
| Brand | Waldorf Astoria (American hotel) | Cipriani (Italian hospitality) |
| Height | 100 stories / 1,049 ft | 80 stories |
| Total Units | 360 residences + 205-key hotel | 397 residences |
| Price From | $1,100,000 | $1,100,000 |
| 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. These two towers start at almost the same number, around $1,100,000 for an entry residence, so there is no clean cheaper-versus-pricier story here. Where they 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, 1,049-foot tower 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, and Mast Capital prices it as the more accessible branded option in Brickell. So you are not choosing a budget building versus a luxury one. You are choosing how much you pay to climb into the rarest air in Downtown Miami.
Who Should Pick Which
Choose Waldorf Astoria Residences Miami if: you want the record-setting tower. At 100 stories and 1,049 feet 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. It also delivers about a year sooner, with a Q1 2027 target. The trade-off is that you are in Downtown Miami rather than Brickell, and the supertall scale means 360 residences sharing the address.
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. The trade-off is a later delivery, estimated 2028 with top-off projected in 2027, and 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 2028 to 2029 market at this caliber of building. Because both start near the same $1.1 million entry, the yield difference comes down to the specific unit line and floor, not a 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?
Both start near $1,100,000, so the entry point is similar. The difference shows up 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?
Waldorf Astoria Residences Miami targets Q1 2027. Cipriani Residences Brickell targets 2028, with top-off projected for 2027. Waldorf is the earlier delivery by roughly a year.
Which is taller, and does it matter?
Waldorf is 100 stories and 1,049 feet, set to be the tallest residential tower south of New York City. Cipriani is 80 stories. 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 and Greybrook Realty Partners with a 205-key hotel in the building and architecture by Sieger Suarez. 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. Since both start near $1.1 million, yield comes down to the specific floor and unit line. I run custom ROI projections for clients considering either.
Frequently Asked Questions
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