Miami Stands Out Nationally with a Staggering 44 High-Rises and 15,066 New Units Under Construction
Miami is undergoing a historic boom in high rise construction. In a list compiled by Floridian Development’s independent analysis (subject to minor errors), Miami has 44 high-rises under construction. These high-rises will add 15,066 multifamily units, office SF, and other uses to the market. This data only pertains to city boundaries and doesn’t include high-rises from Sunny Isles, Miami Beach, and the rest of South Florida as others lists notably have done. Note: Construction is when piles are driven into the ground and foundation work begins. Demolition or site clearing is not counted as construction. Under Construction High-rises (More than 12 floors) in Miami’s City Boundaries: Out of the 44 high-rises under construction in Miami, 40 are primarily residential and account for 15,066 units. Three of the high-rises are mostly office-use while one is dedicated to medical research and care. High-rises in Miami are reaching new heights. Waldorf Astoria Miami is at the forefront. Towering 1,041 FT, it will be Miami’s tallest residential tower in decades. It’s also the tallest tower under construction outside of NYC (in the U.S.) and Miami’s first supertall. Other notable towers on the list are Okan Tower and The Cipriani Residences, both of which will exceed 900 FT. Miami’s development pipeline exhibits significant variation in unit counts. The towers with the highest number of units include Mercedes-Benz Places, Namdar’s First Phase, and Miami River. Mercedes-Benz Places will provide 1,010 market-rate units. Miami’s high-rise construction consists of both market-rate and affordable/workforce housing, though the majority of the projects are geared towards market-rate units. Miami’s high-rise development is particularly notable on a national scale, largely due to the city’s emphasis on taller buildings. While comprehensive lists for each city detailing developments with 12 or more floors may be limited, CTBUH’s data tables provide valuable insights. For instance, Miami currently has 17 towers under construction that exceed 492 feet (150 meters, or approximately 45 floors), surpassing New York City’s 13. It’s important to note that NYC is the only city with more high-rises under construction at lower heights than Miami. Despite this, Miami’s focus on taller structures makes its development impressive and competitive, second only to New York City’s sheer scale of construction. Miami’s allure to domestic migrants makes the city appealing both for business and development. Even so, many critics highlight the city’s inefficiencies to deliver adequate traffic improvements or transit improvements amidst the growth in development. Likewise, Miami City Commissioners recently reinstated parking minimums, forcing more cars on the road.