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The $1.05 billion mixed-used development Brickell City Centre is, once again, the talk of the town. A little under two weeks ago, the Federal Aviation Administration (FAA) finally approved the height of One Brickell City Centre, which is to stand as not only the tallest buildings in Miami, but one of the tallest in the entire nation.
The proposal was submitted 20 months ago, and after careful scrutinization, the FAA declared that the 80-story high One Brickell City Centre would not pose a threat to air traffic. Swire Properties’ new tower will rise to a whopping 1,040 feet above ground level, or 1,049 feet above sea level. This behemoth will host a mix of retail space, class A offices, condominiums, and a five star hotel. At ground level, you will be able to enjoy a grand plaza and retail shops, and only in a 1,040-feet-elevator-ride away, you will find yourself in a lounge and restaurant which offers bird-eye views, and which, by the way, will be open to the public.
The approval of the FAA is not only significant to this one project, but also to the entire downtown area, which might start seeing the rise of taller and taller buildings. Previous to this consent, towers in the area had been restricted to 1,010 feet above sea level, which was revised, as stated above, to 1,049 feet. This change will also require revisions in the takeoff and landing procedures at Miami International Airport. Unsurprisingly, there are parties who are not in favor of the new height, mainly airlines, as it could affect the fuel requirements for planes passing through Miami, due to the altered climb gradients and raised minimums for approaching aircrafts. Those who oppose the adjustment will have until August to file an objection.
In other news concerning Brickell City Centre, Debora Overholt, the retail executive for the development, affirmed that retailers are in advanced talks to lease 450,000 of the 500,000 square feet of the project. She also explained that high-end retailers will occupy the first floor, which obviously has the highest rents, while the second floor will be rented by middle-market merchants, and the third floor will include a variety of dining locations. Of the 500,000 square feet of retail space, 180,000 of it are going to Saks Fifth Avenue, where there will be a Cinemax luxury movie theater.
Personally, I am very excited for this development, as I have probably mentioned in previous blogposts. Brickell City Centre will offer pretty much everything Rise and Reach residents might need, and it will be only an elevator ride away. Any shopping, dining, and entertainment you might desire could be directly below you. The project will be opening in about one year’s time, so for all of you who are interested in living here: the clock is ticking. If you want to learn more about Brickell City Centre you can check out our other blog posts or click Contact Us.