About Us
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Founded in 1991, national development firm Property Markets Group (PMG) has a built a portfolio with over 160 projects in over 20 markets during its 32-year history. PMG has distinguished itself over the last decade for its development of new construction condominium developments across the United States.
A selection of current condominium projects include Waldorf Astoria Residences Miami, E11EVEN Hotel & Residences, West Eleventh Residences and The Elser Hotel & Residences in Miami and One Park Sarasota on Florida’s west coast; as well as 111 West 57th Street in New York City.
Our Capabilities
Aquisitions
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Re-Positioning
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Construction Management
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Asset Management
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Sales & Leasing
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History
Click on info to discover
Kevin Maloney
establishes PMGFirst Manhattan
Headquarters
64th & Central Park W
81 Riverside Drive
Capital Improvement
ProgramCitylife Hotel Group
The Habitat
& On The AveHotel 57
Pre-War Residential
ConversionsThe Concession
MEI
PMG Asset Relief
Group
PMG Opens Miami Office
Walker Tower
Stella Tower
Queens Plaza South
Sage Beach
Echo Aventura
Echo Brickell
X Miami
Muse
Society Las Olas
Sage Longboat
Key ResidencesE11EVEN®
Hotel & Residences
Waldorf Astoria Hotel
& Residences MiamiE11EVEN®
Residences Miami Beyond
One Park Sarasota
West Eleventh
Residences Miami
- 1991INFOINFO
Kevin Maloney
establishes PMGKevin Maloney leaves Head of Real Estate position at a savings and loan to start development company. The name Property Markets Group was chosen by surveying his colleagues from a list of industry terms.
- 1991INFOINFO
First Manhattan
HeadquartersThree initial partners establish an office at 42nd st and 2nd Ave, working off card tables with computers networked by wiring built in a neighboring garage.
- 1992INFOINFO
64th & Central Park W
PMG acquires it’s first condominium project from foreclosure and successfully re-positions for sale.
- 1993INFOINFO
81 Riverside Drive
A member of the British rock band Cream dispossessed the residential asset to PMG for renovation and profitable resale.
- 1994
- 1995
- 1996INFOINFO
Capital Improvement
ProgramDuring the late 90s, PMG executed over 25 residential projects leveraging J-51 tax abatement programs for major capital improvements.
- 1997
- 1998
- 1999INFOINFO
Citylife Hotel Group
The Martha Washington SRO is converted to Hotel Thirty Thirty, establishing PMG’s strategy to provide budget-conscious travelers with styling accommodations in historic locations.
- 2000INFOINFO
The Habitat
& On The AveContinuing to reposition outdated Manhattan hotels, The Broadway American Hotel is reconstructed to become On The Ave, and the Allerton Hotel becomes the Habitat.
- 2001INFOINFO
Hotel 57
With over 1,000 hotel units comprised of vitalized hotel residences from the early 1900’s, PMG opens Hotel 57, which remains a top hotel in midtown Manhattan.
- 2002
- 2003INFOINFO
Pre-War Residential
ConversionsA series of residential pre-war condominium conversion projects includes The Belnard, The Kingsley, The Briarcliffe, Herald Towers, 190 Riverside Drive and The Hermitage.
- 2004
- 2005INFOINFO
The Concession
The Concession county club and private residential community in Bradenton, Florida sells out 255 homesites with a Jack Nicklaus Signature Golf Course on the Gulf Coast.
- 2006
- 2007INFOINFO
MEI
PMG’s expansion into Florida continues to the East Coast with an architecturally stunning new construction luxury condominium tower on Miami Beach.
- 2008
- 2009
- 2010INFOINFO
PMG Asset Relief
GroupThe PMG Asset Relief Group affiliated acquires, improves and sells over fifty distressed residential properties in suburban Chicago and South Florida.
- 2011
- 2012INFOINFO
PMG Opens Miami Office
PMG established a permanent presence in the South Florida market under the leadership of Managing Partner, Ryan Shear.
- 2013
- 2014INFOINFO
Walker Tower
Originally designed by famed architect Ralph Walker and completed in 1929, PMG transformed the prestigious 24-story Chelsea building into 47 luxury residences.
- 2015INFOINFO
Stella Tower
As with Walker Tower, PMG kept Ralph Walker’s modernist vision for the facade and Art Deco ornamentation when converting this Hell’s Kitchen masterpiece to impeccable residences.
- 2015INFOINFO
Queens Plaza South
Minutes from Manhattan rises Long Island City’s premier luxury apartment community.
- 2016INFOINFO
Sage Beach
In the first of many collaborations with famed architect Carlos Ott, the boutique Saga Beach residences opens on a pristine stretch of Hollywood Beach (FL) sand.
- 2016INFOINFO
Echo Aventura
The wave-like architecture of Echo Aventura inhabits a modern waterfront Oasis, solidifying PMG’s reputation as South Florida’s premier luxury condominium developer.
- 2017INFOINFO
Echo Brickell
Miami’s most exciting neighborhood gets a timeless architectural gem in Echo Brickell’s soaring curvature.
- 2018INFOINFO
X Miami
PMG makes a grand entry to the co-living market with a winning combination of attainable rents, oversized amenities and resident event programming.
- 2019INFOINFO
Muse
Joining Sage Beach, Echo Brickell and Echo Aventura, the twisting spire of Muse Sunny Isles marries the architectural genius of Carlos Ott with exclusive waterfront luxury.
- 2020INFOINFO
Society Las Olas
The showpiece of the Society Living multifamily portfolio shines over Downtown Fort Lauderdale with stunning finishes, rent-by-bedroom options, convenient technology and industry-topping amenity spaces.
- 2020INFOINFO
Sage Longboat
Key ResidencesPMG launches the 16-unit boutique beachfront condo community with design focused on wellness along 260 feet of pristine white sand.
- 2021INFOINFO
E11EVEN®
Hotel & ResidencesE11even partners with PMG to create a premier hotel and residences in Downtown Miami. The property will feature a spa by Deepak Chopra, day club, sports lounge and several fine dining restaurants.
- 2021INFOINFO
Waldorf Astoria Hotel
& Residences MiamiPMG launches this iconic 100-story tower designed by world renowned architect Carlos Ott. Once complete, Waldorf Astoria Miami will be ht tallest residential tower south of Manhattan and will feature panoramic views of Biscayne Bay.
- 2022INFOINFO
E11EVEN®
Residences Miami BeyondPMG and E11EVEN Partners launch E11EVEN Residences beyond in response to incredibly high demand and record-breaking sales success on E11EVEN Hotel & Residences. In addition to the first tower’s amenities, owners will have access to private facilities including a helipad, culinary concepts by Riviera Dining Group, and a dual-level pool deck with terrace bar & lounge.
- 2022INFOINFO
One Park Sarasota
PMG launches One Park Sarasota within Downtown Sarasota’s Quay waterfront district. One Park offers an idyllic location across a 53-acre park and over 63,000 square feet of resort-style amenities.
- 2023INFOINFO
West Eleventh
Residences MiamiWest Eleventh launches as the first centrally managed luxury condo residences to grant owners the option to host 365 days on Airbnb. The tower will feature a tri-level experiential entertainment venue with a signature supper club and a vibrant amenity level with a resort style pool.
- INFO
Kevin Maloney
establishes PMGKevin Maloney leaves Head of Real Estate position at a savings and loan to start development company. The name Property Markets Group was chosen by surveying his colleagues from a list of industry terms.
- INFO
First Manhattan
HeadquartersThree initial partners establish an office at 42nd st and 2nd Ave, working off card tables with computers networked by wiring built in a neighboring garage.
- INFO
64th & Central Park W
PMG acquires it’s first condominium project from foreclosure and successfully re-positions for sale.
- INFO
81 Riverside Drive
A member of the British rock band Cream dispossessed the residential asset to PMG for renovation and profitable resale.
- INFO
Capital Improvement
ProgramDuring the late 90s, PMG executed over 25 residential projects leveraging J-51 tax abatement programs for major capital improvements.
- INFO
Citylife Hotel Group
The Martha Washington SRO is converted to Hotel Thirty Thirty, establishing PMG’s strategy to provide budget-conscious travelers with styling accommodations in historic locations.
- INFO
The Habitat
& On The AveContinuing to reposition outdated Manhattan hotels, The Broadway American Hotel is reconstructed to become On The Ave, and the Allerton Hotel becomes the Habitat.
- INFO
Hotel 57
With over 1,000 hotel units comprised of vitalized hotel residences from the early 1900’s, PMG opens Hotel 57, which remains a top hotel in midtown Manhattan.
- INFO
Pre-War Residential
ConversionsA series of residential pre-war condominium conversion projects includes The Belnard, The Kingsley, The Briarcliffe, Herald Towers, 190 Riverside Drive and The Hermitage.
- INFO
The Concession
The Concession county club and private residential community in Bradenton, Florida sells out 255 homesites with a Jack Nicklaus Signature Golf Course on the Gulf Coast.
- INFO
MEI
PMG’s expansion into Florida continues to the East Coast with an architecturally stunning new construction luxury condominium tower on Miami Beach.
- INFO
PMG Asset Relief
GroupThe PMG Asset Relief Group affiliated acquires, improves and sells over fifty distressed residential properties in suburban Chicago and South Florida.
- INFO
PMG Opens Miami Office
PMG established a permanent presence in the South Florida market under the leadership of Managing Partner, Ryan Shear.
- INFO
Walker Tower
Originally designed by famed architect Ralph Walker and completed in 1929, PMG transformed the prestigious 24-story Chelsea building into 47 luxury residences.
- INFO
Stella Tower
As with Walker Tower, PMG kept Ralph Walker’s modernist vision for the facade and Art Deco ornamentation when converting this Hell’s Kitchen masterpiece to impeccable residences.
- INFO
Queens Plaza South
Minutes from Manhattan rises Long Island City’s premier luxury apartment community.
- INFO
Sage Beach
In the first of many collaborations with famed architect Carlos Ott, the boutique Saga Beach residences opens on a pristine stretch of Hollywood Beach (FL) sand.
- INFO
Echo Aventura
The wave-like architecture of Echo Aventura inhabits a modern waterfront Oasis, solidifying PMG’s reputation as South Florida’s premier luxury condominium developer.
- INFO
Echo Brickell
Miami’s most exciting neighborhood gets a timeless architectural gem in Echo Brickell’s soaring curvature.
- INFO
X Miami
PMG makes a grand entry to the co-living market with a winning combination of attainable rents, oversized amenities and resident event programming.
- INFO
Muse
Joining Sage Beach, Echo Brickell and Echo Aventura, the twisting spire of Muse Sunny Isles marries the architectural genius of Carlos Ott with exclusive waterfront luxury.
- INFO
Society Las Olas
The showpiece of the Society Living multifamily portfolio shines over Downtown Fort Lauderdale with stunning finishes, rent-by-bedroom options, convenient technology and industry-topping amenity spaces.
- INFO
Sage Longboat
Key ResidencesPMG launches the 16-unit boutique beachfront condo community with design focused on wellness along 260 feet of pristine white sand.
- INFO
E11EVEN®
Hotel & ResidencesE11even partners with PMG to create a premier hotel and residences in Downtown Miami. The property will feature a spa by Deepak Chopra, day club, sports lounge and several fine dining restaurants.
- INFO
Waldorf Astoria Hotel
& Residences MiamiPMG launches this iconic 100-story tower designed by world renowned architect Carlos Ott. Once complete, Waldorf Astoria Miami will be ht tallest residential tower south of Manhattan and will feature panoramic views of Biscayne Bay.
- INFO
E11EVEN®
Residences Miami BeyondPMG and E11EVEN Partners launch E11EVEN Residences beyond in response to incredibly high demand and record-breaking sales success on E11EVEN Hotel & Residences. In addition to the first tower’s amenities, owners will have access to private facilities including a helipad, culinary concepts by Riviera Dining Group, and a dual-level pool deck with terrace bar & lounge.
- INFO
One Park Sarasota
PMG launches One Park Sarasota within Downtown Sarasota’s Quay waterfront district. One Park offers an idyllic location across a 53-acre park and over 63,000 square feet of resort-style amenities.
- INFO
West Eleventh
Residences MiamiWest Eleventh launches as the first centrally managed luxury condo residences to grant owners the option to host 365 days on Airbnb. The tower will feature a tri-level experiential entertainment venue with a signature supper club and a vibrant amenity level with a resort style pool.
Meet a Department
- Executive
- Corporate
- Accounting
- Construction
- Acquisitions
- Capital Markets
- Affordable Housing
- Legal
- Asset Management
- Residential
- Pre-Development & Design
Contact
Field Offices
DENVER
NASHVILLE
ATLANTA
NEW YORK
Waldorf Astoria Residences Miami | Miami, fl