By Joshua S. Andino
CoStar News
Summary: Miami is experiencing a surge in supertall skyscraper development, with seven towers over 984 feet high under construction, marking a historic first for the city. The Waldorf Astoria Hotel and Residences Miami, at 1,049 feet, is the furthest along, driven by an influx of wealth and companies into South Florida. Despite environmental and geographic challenges, such as limestone terrain, high water tables, and FAA height restrictions, developers are eager to capitalize on the booming real estate market. The concentration of supertall projects within a small area could transform Miami’s skyline, rivaling New York and Chicago in height. However, the complexities of building on unstable ground and preparing for storms make these projects particularly costly and difficult.