The construction timeline for the twin 60-story Faena Residences towers in Miami has been disclosed, as reported by the Miami Herald. Construction is expected to commence in late 2025, with a projected completion time of approximately three years. The Faena Residences Miami project is estimated to be valued at $700 million.
The developers benefit from having initiated the approval and permitting process well before the project was formally announced. The towers will feature a design by the late architect Rafael Viñoly, marking one of his final works. A total of 440 condominium units are planned for the development.