The Federal Aviation Administration has issued approval for a development at the former Miami Arena site.
The determination was made on March 19.
According to a letter sent to developer WG 700 North Miami LLC, a proposed maximum height of 685 feet above ground, or 700 feet above sea level would not be a hazard to air navigation.
Tower cranes rising up to 794 feet above sea level were approved for the site in December.
In 2021, Witkoff and Monroe Capital announced they had acquired the property for $94 million.
A preliminary filing with Miami-Dade planners in January 2022 showed there will be three towers, rising up to 57 stories.
According to that filing, the project is planned to have:
- 2,351 residential units
- 540,000 square feet of office space
- ground floor retail, including a possible supermarket
- 2,457 parking spaces
Renderings have not yet been released.
An old rendering of a convention hotel planed on the site, which is now being replaced with a new design: