The Federal Aviation Administration has officially granted height approval for the Miami World Tower, a 53-story residential skyscraper at Nitin Motwani and Arthur Falcone’s Miami Worldcenter mixed-use mega development. Located at 700 Northeast 1st Avenue, the tower is cleared to rise 579-feet above ground, or 590-feet above sea level and deemed to have no substantial adverse effect on the navigable airspace. The project is being developed by Miami World Tower LLC, an affiliate of New York’s Lalezarian Properties, who purchased the site for $43,000,000 in May of 2019.