PMG & Miami Parking Authority Announce New Green Initiative for Downtown Miami
Miami-based developer PMG proudly announces a collaboration with the Miami Parking Authority (MPA) to create a new green community initiative in Downtown Miami. The two blocks of green space, located steps away from PMG’s recently launched Waldorf Astoria Residences Miami, will function as a transition from the city hardscape to a lush oasis that will exude nature, warmth and beauty, as well as encourage walkability. PMG and MPA have collaborated with international landscape architecture company Enea to curate the space design.
“The new Green Initiative is part of PMG’s continued commitment to the city of Miami. We’re creating an inviting sanctuary in the center of this dynamic, energetic downtown,” said Ryan Shear, Managing Partner of PMG and developer of Waldorf Astoria Residences Miami. “The environment will be reflective of the welcoming experience we hope to instill throughout Waldorf Astoria Residences Miami and the surrounding neighborhood.”
Sponsored by PMG, the green space will beautify the centerline of Biscayne Boulevard, where a series of interconnected MPA parking lots currently sit along 3rd and 5th Streets. Aimed at enhancing the well-being of the Downtown community, the green installation will integrate parking with native trees and shrubs, inviting benches, decorative lighting and pavers. The design plans also include an elegant teahouse with beverages, pastries and other prepared food.
“This project is a quality-of-life enrichment expected to foster a sense of place for the enjoyment of the community,” said Alex Argudin, Chief Executive Officer of the Miami Parking Authority. “We are pleased to collaborate with a world-class design team to create a green-space intervention that will foster social interaction and a healthier lifestyle.”
This announcement follows the commencement of sales of the highly anticipated Waldorf Astoria Residences Miami, which is the brand’s debut in the Miami market. Developed by PMG, Toronto-based private equity firm Greybrook Realty Partners and S2 Development, the hotel and residential tower will rise 1,049 feet as the tallest U.S. residential and hotel tower south of New York City. The property will consist of 360 private residences as well as 205 guestrooms and suites within the five-star hotel and an array of signature spaces and culinary establishments. Waldorf Astoria Residences Miami will be located at 300 Biscayne Boulevard.
Founded in 1991 by Kevin Maloney and led by Managing Partners Ryan Shear and Dan Kaplan, PMG is a national real estate development firm with offices in Miami and Manhattan, specializing in exceptional new construction, commercial and residential projects. PMG has led the acquisition, financing, development, construction, and marketing for more than 85 residential buildings and over 150 real estate partnerships. Their energetic team is relentlessly dedicated to making thoughtful contributions to skylines and streetscapes.
During its nearly 30-year history, PMG has developed projects across all asset types and distinguished itself by focusing on premier luxury residential properties. Known for meticulous design and construction, notable completed PMG projects include Walker Tower, Stella Tower, The Belnord, The Briarcliffe, The Kingsley, Mei Miami Beach, 10 Sullivan, Queens Plaza South, Echo Aventura, Echo Brickell, X Miami, Muse Sunny Isles and Society Las Olas. Currently, PMG is in various stages of developing over 5 million square feet of residential properties, including 111 Leroy Street, 111 W 57th Street, Society Orlando, Waldorf Astoria Hotel & Residences in Downtown Miami, E11EVEN Hotel & Residences and numerous others nationwide.
About Miami Parking Authority
Recognized as a premier parking organization and a leader in technology integration and innovation, the Miami Parking Authority has taken a leap forward in the past decade to support micro-mobility options; pilot in- and above-ground sensors; and foster measures that help drive economic development in the city of Miami.
Officially known as the Department of Off-Street Parking of the City of Miami, the MPA was created in 1955 by a Special Act of the Florida State Legislature and incorporated into the City of Miami's Charter in 1968. For more information, visit www.miamiparking.com.
About Waldorf Astoria Hotels & Resorts
Waldorf Astoria Hotels & Resorts is a portfolio of more than 30 iconic properties that creates a unique sense of place with a relentless commitment to personal service and culinary expertise in landmark locations around the world. Unified by their inspirational environments and True Waldorf Service, Waldorf Astoria hotels deliver graceful service from the moment a guest books through checkout. In addition to the brand’s renowned hotel offerings, Waldorf Astoria boasts a best-in-class residential portfolio, including 17 properties either open or in development, that provide the comfort of a private home combined with the unsurpassed amenities and legendary service of Waldorf Astoria. Waldorf Astoria is a part of Hilton, a leading global hospitality company. Experience Waldorf Astoria by booking at www.waldorfastoria.com or through the Hilton Honors mobile app. Learn about the brand by visiting newsroom.hilton.com/waldorfastoria, and follow Waldorf Astoria on Twitter, Instagram, and Facebook.