Miami is booming... again. The city, whose short history is notorious for its repeated cycles of economic booms and busts, is now on yet another upswing. As recently as 2008, Miami was one of the epicenters of the financial earthquake caused by the bursting of the real-estate bubble, which in turn provoked the still-ongoing global Great Recession. This time around, as Mayor Tomás Regalado claims, the growth is real, based on the actually existing capital of the transnational super-rich, who are attracted to the city by its balmy climate, bustling entertainment and culture industry, and the proximity of Latin America. International developers, such as Argentina’s Alan Faena, are flocking to invest in Miami, in turn recruiting a roster of starchitects for their endeavors. Norman Foster, Nicholas Grimshaw, Zaha Hadid, Herzog & de Meuron, Bjarke Ingels, Rem Koolhaas, Richard Meier, and Enrique Norten are all active in Miami at the moment, cashing in their avant-garde cred by designing ultra-luxury projects.