Miami is getting yet another 500-foot tower (or pretty close to it) – this time, a luxury apartment high rise.
Luma Miami Worldcenter is now under construction, with foundation work for the 43-story building underway.
The tower’s height is also now fully approved. The Federal Aviation Administration granted approval last week for Luma’s height of 493 feet above ground level, or 503 feet above sea level. A tower crane is also authorized to be installed at 599 feet above sea level, or 586 feet above ground.
Work began shortly after developers Zom Living and The Moinian Group secured $143 million in construction financing.
When completed, Luma will include 434 apartments which the developers say will be the highest-end product in Miami.