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 2028. 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 construction stage, because Cipriani topped out in July 2026 while Waldorf is still climbing toward its 2028 delivery. 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

CategoryWaldorf Astoria Residences MiamiCipriani Residences Brickell
NeighborhoodDowntown Miami (300 Biscayne Blvd)Brickell (1420 S Miami Avenue)
DeliveryEstimated 2028Estimated 2028 (topped out July 2026)
DeveloperPMG + Greybrook Realty PartnersMast Capital
ArchitectSieger Suarez ArchitectsArquitectonica
BrandWaldorf Astoria (American hotel)Cipriani (Italian hospitality)
Height100 stories / 1,049 ft80 stories
Total Units360 residences + 205-key hotel397 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~$1,500Disclosed per unit; entry near $1,100/sqft
SignatureTallest residential tower south of NYCGround-floor Cipriani restaurant
Rental PolicyAnnual leases, short-term restrictedAnnual 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. Delivery is guided to 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, 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. It topped out at roughly 950 feet in July 2026, so the structure is already up, with delivery estimated 2028. 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 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?

Both target 2028. Cipriani Residences Brickell topped out at roughly 950 feet in July 2026, so its structure is complete and it is now in finishes. Waldorf Astoria Residences Miami passed 60 of its 100 floors in early 2026 and is guided to 2028 as well. Neither has a meaningful timing edge today.

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

Which building delivers first?
Both are guided to 2028, so there is no clear first anymore. Cipriani Residences Brickell topped out at roughly 950 feet in July 2026 and is in finishes. Waldorf Astoria Residences Miami passed 60 of 100 floors in early 2026 and is still climbing. I update both dates from Miami-Dade County permit records, and per Miami Association of Realtors new-development tracking, Miami pre-construction timelines commonly slip 6 to 12 months, so plan for a conservative closing window on either.
How do the two brands and amenity programs differ?
Waldorf pairs the residences with a 205-key Waldorf Astoria hotel in the same building, so the hotel's service platform, dining, and concierge are on-site. Cipriani brings the Italian hospitality brand and a ground-floor Cipriani restaurant, with interiors by 1508 London. The amenity question is really a lifestyle question: an American luxury hotel address versus an Italian dining-and-hospitality address in Brickell. I walk both with clients who are actively comparing.
Which building has better appreciation potential?
Waldorf carries a scarcity story that is hard to copy: at 1,049 feet it will be the tallest residential tower south of New York City, and the unobstructed upper-floor Biscayne Bay views cannot be built out by a neighbor. Cipriani's case is Brickell location plus a brand-name restaurant downstairs in one of the country's strongest luxury rental submarkets. Per Knight Frank's 2026 wealth and luxury research, view orientation and unit line drive Miami resale premiums more than the brand label alone, so the specific floor matters in both.
Can I assign either contract before closing?
Both are pre-construction contracts, so assignment is generally possible subject to a developer fee and buyer qualification review, but the deposit schedules differ: Waldorf spreads 50 percent across five milestones, while Cipriani's structure puts roughly 20 percent before closing within its 50 percent deposit. Confirm the assignment clause and exact milestones in each developer's contract before you sign, since those terms shape how easily you can exit before delivery.

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