Contrary to the name, the development is not in the traditional downtown Miami city centre, but in the more recently redeveloped financial district of Brickell.

It was revived in 2012 with enough acreage to qualify for Special Area Plan (SAP) zoning with construction beginning by year's end.

[2] The mixed-use development includes a Saks Fifth Avenue department store, luxury shops, restaurants, hotel, office towers and condominiums.

[4] In February 2013, Swire Properties and the owners of Bal Harbour Shops announced that they had come to an agreement to co-develop the retail portion of the development.

[7][8][9] The Eighth Street Metromover station reopened in late 2015, though the third floor connection to the retail component remained locked until December 2016.

[citation needed] Two additional lots were purchased by Swire in 2011, the Brickell Tennis Club and the Eastern National Bank building making the entire development site over 9 acres (36,422 m2).

This permitted the project to receive Special Area Plan (SAP) zoning which according to Miami law allows developers to work more closely with the city on "integration of public improvements and infrastructure" [11] Under the Special Area Plan, Swire was able to renovate and integrate the Eighth Street Metromover Station into the development.

[17]On July 15, 2013, it was announced that Swire Properties had purchased an adjacent site at 700 Brickell Avenue in Miami, formerly the regional headquarters of Northern Trust Bank.

[18] In September 2013, Swire announced the plans for the site, which include the previously purchased Eastern National Bank building.

Similarly to the first three towers, it would be a little over 500 feet (150 m) with just under 50 floors, as well as over 700 additional parking spaces than the several as part of the current underground garage.