- Posted May 19, 2014 by
This iReport is part of an assignment:
Miami Condo Developers Are Reaching for the Sky
The real estate in Miami has been stabilizing during the past several years, but now it’s starting to take off again. Just look at the race that some Miami developers are in for who can build the tallest skyscraper in Miami.
First there was developer Jeffrey Berkowitz, who’s gained approval to break ground on an observation tower that will be over 1,000 feet tall.
Joining the race for tallest building is Swire Properties, with a proposal for a 1,049-foot-tall condo tower.
Who Will Get Approval
Developers will need to get the approval of the FAA to climb that high in the sky and that of the City of Miami. Tibor Hollo of Florida East Coast Realty has the go-ahead to start construction on a 1,010-foot-tall building downtown, on Biscayne Avenue. Hollo has been quoted saying that he doubts that Swire will get approval from the FAA for their building because it is directly on Brickell Boulevard, though this may just be wishful thinking from Mr. Hollo. Swire’s representatives have stated that they are confident that they’ll get approval for the building. However, they have modestly maintained that they aren’t aiming at the title of tallest skyscraper. As it sits directly on Brickell Avenue, the building is slated to be a statement building, a gateway into the Brickell City Centre complex.
The Future of Residential Real Estate is in the Clouds
Unwilling to sit by and cross his fingers for the competition to fail, Hollo is busy on another construction project in Brickell, as well. It seems that heaven-climbing skyscrapers are the future of Downtown Miami. Though Hollo’s Brickell project is not as tall as his Biscayne Boulevard Building, it will still reach just shy of 850 feet.
For more information on the race to the skies, READ MORE at the Sunny Isles Miami Real Estate Blog.