Miami’s Building Boom

by Bilzin Sumberg

While the rest of the country is slowly pulling itself out of recession, Miami is in the midst of a building boom that not only signifies its strong recovery, but is putting South Florida on par with New York City as a global power center. At the time of the 2008 economic downturn, Miami had the third largest skyline in the U.S.; now that skyline is set to get even bigger.

With a 40% rise in Miami condo rents since 2009 and a current 97% occupancy rate, there are 186 condo buildings planned in South Florida including 25 in downtown Miami.  Though one of those – the Crescent Heights and the Related Group’s 50-story luxury tower – is currently on hold, other proposed and in-progress projects include:

  • 1000 Museum – a luxury high rise residential tower, complete with a spa and helipad, with prices starting at $4.9 million.
  • Met 3 – a 74- story luxury residential sky rise – the tallest south of New York City – with a Whole Foods Market on the first floor.
  • Brickell City Centre - a $1.05 billion mixed-use development and the single largest project currently underway in downtown Miami.  It includes 820 condominiums in two towers; a 625,000 square-foot shopping center; 263 hotel rooms; 89 serviced apartments; a wellness center; 128,580 square feet of Class A offices; and 2,600 parking spaces.

In addition to this increase in residential space are massive commercial projects.  There is nearly one million square feet of warehouse space under construction, with another two million square feet planned.  Notable commercial projects include:

  • Brickell World Plaza – a high tech, high amenity 40- floor office building designed for modern business.
  • Miami World Center a 30-acre retail, hotel and convention center complex that will include a Bloomingdale’s, Macy’s and a giant Marriott hotel, and will be a “pedestrian-friendly city-within-a-city.”
  • Skyrise Miami – a proposed 1,000 foot building with three observation decks, a restaurant, nightclub, SkyHigh Club, ballroom, meeting room and rides.
  • Museum Park – includes both an art museum and science museum and is designed to be an educational, cultural and social hub.
  • The Miami Design District – a luxury fashion and art neighborhood described as a “destination for cutting-edge fashion, art, design and culture.”  includes high-end fashion occupants such as Louis Vuitton, Hermes, Prada, Cartier, Dolce & Gabbana, March Jacobs, Valentino, and others.

Along with all of the residential and commercial development is the growth in Miami’s transportation infrastructure, with the current expansion of the Port of Miami and the creation of the privately-funded All Aboard Florida passenger train. It has been reported that this will be an express intercity passenger rail service with connections to Ft. Lauderdale, West Palm Beach, and Orlando, and will be designed to “provide access to international airports, seaports, and existing and future transit systems, such as SunRail in Orange County, and Metrorail and Metromover in Miami-Dade County.”

Miami’s extensive growth and development will not only add to its skyline, but facilitate its role as an international center of business and trade.  Now, in addition to being famous for its fabulous beaches and as the cruise capital of the world, Miami will be known as one of the top cities in the world for art and culture, shopping and investment.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Bilzin Sumberg | Attorney Advertising

Written by:

Bilzin Sumberg

Bilzin Sumberg on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
Privacy Policy (Updated: October 8, 2015):

JD Supra provides users with access to its legal industry publishing services (the "Service") through its website (the "Website") as well as through other sources. Our policies with regard to data collection and use of personal information of users of the Service, regardless of the manner in which users access the Service, and visitors to the Website are set forth in this statement ("Policy"). By using the Service, you signify your acceptance of this Policy.

Information Collection and Use by JD Supra

JD Supra collects users' names, companies, titles, e-mail address and industry. JD Supra also tracks the pages that users visit, logs IP addresses and aggregates non-personally identifiable user data and browser type. This data is gathered using cookies and other technologies.

The information and data collected is used to authenticate users and to send notifications relating to the Service, including email alerts to which users have subscribed; to manage the Service and Website, to improve the Service and to customize the user's experience. This information is also provided to the authors of the content to give them insight into their readership and help them to improve their content, so that it is most useful for our users.

JD Supra does not sell, rent or otherwise provide your details to third parties, other than to the authors of the content on JD Supra.

If you prefer not to enable cookies, you may change your browser settings to disable cookies; however, please note that rejecting cookies while visiting the Website may result in certain parts of the Website not operating correctly or as efficiently as if cookies were allowed.

Email Choice/Opt-out

Users who opt in to receive emails may choose to no longer receive e-mail updates and newsletters by selecting the "opt-out of future email" option in the email they receive from JD Supra or in their JD Supra account management screen.


JD Supra takes reasonable precautions to insure that user information is kept private. We restrict access to user information to those individuals who reasonably need access to perform their job functions, such as our third party email service, customer service personnel and technical staff. However, please note that no method of transmitting or storing data is completely secure and we cannot guarantee the security of user information. Unauthorized entry or use, hardware or software failure, and other factors may compromise the security of user information at any time.

If you have reason to believe that your interaction with us is no longer secure, you must immediately notify us of the problem by contacting us at In the unlikely event that we believe that the security of your user information in our possession or control may have been compromised, we may seek to notify you of that development and, if so, will endeavor to do so as promptly as practicable under the circumstances.

Sharing and Disclosure of Information JD Supra Collects

Except as otherwise described in this privacy statement, JD Supra will not disclose personal information to any third party unless we believe that disclosure is necessary to: (1) comply with applicable laws; (2) respond to governmental inquiries or requests; (3) comply with valid legal process; (4) protect the rights, privacy, safety or property of JD Supra, users of the Service, Website visitors or the public; (5) permit us to pursue available remedies or limit the damages that we may sustain; and (6) enforce our Terms & Conditions of Use.

In the event there is a change in the corporate structure of JD Supra such as, but not limited to, merger, consolidation, sale, liquidation or transfer of substantial assets, JD Supra may, in its sole discretion, transfer, sell or assign information collected on and through the Service to one or more affiliated or unaffiliated third parties.

Links to Other Websites

This Website and the Service may contain links to other websites. The operator of such other websites may collect information about you, including through cookies or other technologies. If you are using the Service through the Website and link to another site, you will leave the Website and this Policy will not apply to your use of and activity on those other sites. We encourage you to read the legal notices posted on those sites, including their privacy policies. We shall have no responsibility or liability for your visitation to, and the data collection and use practices of, such other sites. This Policy applies solely to the information collected in connection with your use of this Website and does not apply to any practices conducted offline or in connection with any other websites.

Changes in Our Privacy Policy

We reserve the right to change this Policy at any time. Please refer to the date at the top of this page to determine when this Policy was last revised. Any changes to our privacy policy will become effective upon posting of the revised policy on the Website. By continuing to use the Service or Website following such changes, you will be deemed to have agreed to such changes. If you do not agree with the terms of this Policy, as it may be amended from time to time, in whole or part, please do not continue using the Service or the Website.

Contacting JD Supra

If you have any questions about this privacy statement, the practices of this site, your dealings with this Web site, or if you would like to change any of the information you have provided to us, please contact us at:

- hide
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.