Andy Gloor is the CEO of developer Sterling Bay, which is working with Citadel on the potential supertower.
Gloor told the website that his company was moving “as fast as we can,” on the project.
However, “there’s a lot to do” since “it will be a significant sized building,” so an estimated completion date for the tower was not yet known by Gloor.
When asked whether it will be connected to the nearby 1221 Brickell office building (also reportedly purchased by Citadel, Gloor said the new tower “stands on its own.”
The Miami market is continuing to see strong demand for top office space. Sterling Bay’s recently built 545 Wyn office building in Wynwood is expected to reach fully leased at the end of the first or second quarter, Gloor said.