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One Miami is a complex of two adjacent skyscrapers in downtown Miami, Florida named One Miami East Tower and One Miami West Tower. It consists of two towers located at the Miami River delta, where the river empties into Biscayne Bay. The East Tower is the taller of the two, at 460 ft (140 m). It contains 44 floors, and was completed in 2005. The West Tower is 449 ft (137 m) tall, and contains 45 floors. It, too, was completed in 2005. The complex was one of the first announced in the recent Miami building boom, but the construction process was slow, as the buildings took over five years to be completed. The complex is located on South Biscayne Boulevard and Southeast 3rd Street. The buildings are 100% residential, consisting of condominiums. However, the entire complex is not 100% residential. A restaurant is featured on the ground floor at the entrance to the towers.

Everyone is well aware of Miami’s downtown building oversupply, but just how bad is it? In the last six years, 22,737 units were built or are now under construction in Miami’s urban core — more than double the number built in the nearly 40 previous years, it’s a large figure, but still less than many predicted. Perhaps no section of Florida has seen more building in recent years than downtown Miami’s urban core. However, with the housing market turning in 2006, the credit crunch of 2007, and inexperienced developers having to cope with rising construction costs & mismanagement, many proposed projects never went beyond the planning stages. With few new projects starting in the past two years, the real scope and size of Miami’s downtown condo craze is starting to come into focus. Although the downtown market still has a vast surplus of condos- it is not 50,000 or 80,000 new units, it’s estimated that 22,000 new units. The bad news is that it is still 22,000 new units