The developers of MiamiCentral have completed a land deal that will allow two supertowers to be built.
An affiliate of Florida East Coast Industries just closed on land that lies between MiamiCentral and the Dade County Courthouse that is currently a small park, according to The Real Deal. FECI paid $14 million to the city, and is also helping to build a fire station at 435 Northwest 1st Court by donating $500,000 and deeding over the land.
In 2015, the developer obtained FAA approval to construct multiple towers on the site, up to a height of 991 feet above ground, or 1,000 feet above sea level. The developer obtained an extension from the FAA in August 2017, which lasts until February 2019.
According to platting documents filed with the county, one of the supertowers will have 750 hotel rooms and 50,000 square feet of retail space.
The second supertower will have 800,000 square feet of office space and an additional 50,000 square feet of retail, the platting documents state.