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South Florida added thousands of new businesses in 2022, putting the region in the top three metropolitan areas nationwide for openings of everything from retailers to law offices.

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Preliminary plans for what will become the Southplace City Center include a 150-key hotel, 60,000 square feet of medical office space, a terraced community amphitheater, golf cart trails, a trolley system, restaurants, retail and approximately 4,400 housing units to be built over a seven-year period.

The 68-story building would have the largest office floor plates of any building in downtown Miami or Brickell.

Construction is expected to begin as soon as city approvals and permits are obtained, with delivery one year later.

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The County has issued an RFP for 17-acre site allowing for up to 23M square feet of real estate.

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One third of the office space has already been pre-leased, the developers said, even before the project was publicly announced.

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The project is slated for 2,351 residential units anbd 540,000 square feet of office space.

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One Brickell City Centre would soar about 1,000 feet high. Currently, the tallest building in both Miami and Florida is Panorama Tower at 868 feet.

Hyatt and Gencom's Three-Tower Development On The Miami River

The supertall tower is planned to rise exactly 1,049 feet – the maximum permitted by Miami’s zoning rules.

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This volatility has led some contractors to order and pre-pay for materials earlier than they usually would, tying more money into projects up front.