Brickell will soon become the second densest neighborhood in the United States, according to Swire Properties.

“By the time all of the residential projects being built in Brickell are finished, which will be in the next two or three years, Brickell will be the densest residential neighborhood in the U.S. after Manhattan,” Swire CEO Guy Bradley told investors at conference last week.

“Ten years ago nobody would have thought that possible. It’s absolutely staggering.”

Swire remains highly bullish on Miami, and particularly Brickell, which the company sees as becoming the center of the area. The company is now looking at additional development opportunities around Brickell.

The developer has already invested about $1 billion in the first phase of Brickell City Centre, Bradley said, and believes that there has already been another $1 billion invested in surrounding real estate projects.

The second phase of Brickell City Centre, currently in permitting, will more than double the scale of the project “as of when we decide to kick that off.” It will be contained in a single 80-story tower, which Bradley said required special FAA approval.