PMG and Ennismore Partner for 90-Story Delano Residences Near Miami Waldorf Astoria

Property Markets Group partners with Ennismore to build a 90-story luxury tower next to the Waldorf Astoria, reshaping the Downtown Miami skyline in 2026.

By: AXL Media

Published: Feb 20, 2026, 9:20 AM EST

Source: Information for this report was sourced from Bisnow

A New Supertall Addition to the Miami Skyline

The Miami based developer Property Markets Group has officially revealed plans for a second supertall tower in the heart of Downtown Miami. This latest project will be a 90 story residential building branded under the iconic Delano name. The development is a result of a strategic partnership with the hospitality company Ennismore. Located directly next to the Waldorf Astoria site, this new tower is set to become one of the most prominent features of the city. The announcement signals a high level of confidence in the continued demand for ultra luxury living spaces in the South Florida region.

Strategic Hospitality Partnership and Branding

The deal with Ennismore brings the prestigious Delano brand to the residential sector in a significant way. Known historically for its influence on the South Beach hotel scene, the Delano name will now represent a high end residential experience in a vertical format. This branding strategy aims to capture the interest of global investors and residents who associate the name with exclusive luxury and sophisticated design. For Ennismore, this project serves as a key expansion of its residential portfolio, leveraging the expertise of a developer with a proven track record in constructing massive urban structures.

Transformative Analysis: Defining the Modern Supertall Era

This announcement comes at a time when Miami is undergoing a radical architectural transformation. By building a second tower nearly as high as the Waldorf Astoria, the developer is creating a dense cluster of supertall buildings that will redefine the regional peak. In technical terms, a supertall is defined as a structure exceeding 300 meters in height. These projects represent a shift toward extreme verticality in urban planning, driven by limited land availability and a market that places a premium on unobstructed views of the Atlantic Ocean and Biscayne Bay. This clustering effect often attracts further institutional investment and enhances the prestige of the surrounding district.