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.

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Crescent Heights would double the size of its assemblage with the acquisition of the school board’s 1.1-acre lot.

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The project would have three 57-story towers connected by a podium at the base, comprised of 2,195 residential units, 540,000 square feet of offices, 49,999 square feet of retail and 2,457 parking spaces.

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If selected, construction would begin in 2023 and take 59 months to complete.