Swire Properties still hasn’t finalized plans for One Brickell City Centre, which could become the tallest tower in Miami at 1,049 feet.
In an interview with the SFBJ, Swire president Kieran Bowers said the 80-story tower remained in the design phase, because it is a complicated project.
Earlier this month, Bower told the Herald that “the timing is not there yet” for One Brickell City Centre. “We’ve continued to evolve the design for stacked retail and residential. We know there is very little margin of error,” he said.
Bowers told the SFBJ the Tobacco Road property at 650 S. Miami Ave is the most obvious choice for Swire’s next expansion, because it would complete the “missing quadrant,” allowing shoppers to circle across all four corners of the South Miami Avenue intersection.
Both the Tobacco Road site and Associated Photo site will be developed in a joint venture with the owners of those properties.
Once the quadrant is completed, the developer will consider the feasibility of the “retail in the offshoot,” Bowers said.
The “climate ribbon” is unlikely to be expanded to the Tobacco Road site, according to Bowers. Plans show the new retail expansion will be indoor, air conditioned space.
The developer believes there will be demand for the new condos proposed in the coming years, and expects there to be little competition, with few condo towers launching construction in 2020.