Swire Properties said yesterday that it plans to build a 2.9-million-sq-ft project in Miami’s financial district.
The Hong Kong-based company had previously said that the development, Brickell CitiCentre, would cost about US$1.05 billion (S$1.3 billion).
It said the project would include three office towers, two residential blocks, 500,000 sq ft of shopping and dining space, as well as a hotel, with construction expected to start in the second quarter.
Swire bought four plots of land for the project in 2008 and last year, and has so far spent US$145.6 million on land and advance preparation of the site.
Although Swire focuses on the core markets of China and Hong Kong, it has a 30-year track record in Miami, where it has been developing on an island called Brickell Key. It has hired Miami-based architects Arquitectonica for the project.
Source : Today – 17 Feb 2012