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Miami Skyscrapers May Have Growth Stunted

by Laura Barker

international-homebuyers-miami-foreign-consumers-housing-market-housing-recoveryDowntown Miami is reaching new heights with the new wave of high-rise developments being built taller than ever. But with the Federal Aviation Administration putting pressure on builders to cut building heights in half, will the skyscrapers be forced to downsize?

Miami is becoming famous for it’s colossal buildings such as the Brickell City Center, a $1.05 billion mixed-use development. Currently under construction, the massive structure boasts more than five million square feet of office, hotel, residential, retail and entertainment space.

Many other skyscrapers threaten to overshadow the Brickell City Center. The 64-story glass skyscraper Brickell Flatiron, set to start construction at the end of 2015, is planned to have 35, 000 square feet of ground-floor restaurant and retail space, along with 548 condos. Another competitor is the $4 billion SoLē Mia, a project in North Miami who’s vast plans include 4,390 high-rise residents and a 150-room hotel.

Although many of these projects have already had their height approved, the Federal Aviation Administration (FAA) may stunt future skyscrapers. In 2014, the FAA unveiled a potential policy to limit the height of buildings near airports. This policy had the potential to limit how tall Miami can build their skyscrapers.

Miami officials are still unsure of how much of an effect this new policy could have on the city, since the policy is not official yet. However, the FAA did recently approve the height of the Brickell City Centre, which, once construction is complete, will be the tallest building in Miami. So, it looks like the sky is the limit for Miami buildings- for now.

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