Swire Properties has once again submitted an application to the Federal Aviation Administration to build the 80-story One Brickell City Centre supertall tower.
According to the March 1 application, One Brickell City Centre is planned to rise 1,040 feet above ground, or 1,049 feet above sea level.
This FAA has approved the project twice before in 2015 and 2018, but the agency’s approval order expires if construction doesn’t get underway within a certain timeframe. The 2018 approval is set to expire in June 2022, even after an extension was granted.
The 1,049-foot height of the tower is the tallest that the FAA has ever approved in Miami, and the maximum that is permitted by aviation authorities in the city. There are other supertall towers planned in Miami at that exact height, including the Waldorf Astoria.
One Brickell City Centre will be located on Brickell Avenue and will have 1,967,000 gross square feet, according to a Swire investor presentation.
In a report to Swire investors last month, One Brickell City Centre is listed as a future development under planning, with a completion date still to be determined. The project has been listed that way in Swire’s earnings reports for years.
Swire acquired the site and announced plans for the supertall in 2013.
In 2018, Swire president Kieran Bowers said designing the project was complicated and the timing for it was not yet right. Miami’s real estate market has strengthened significantly since that time, but Hong Kong-based Swire’s stock price is lower than it was then.
