Hitachi, the company designing the elevator, says the elevator will be able to reach speeds of 45 mph and bus people from the first floor to the 93rd in 43 seconds.
The elevator also automatically adjusts air pressure to alleviate the effects of such rapid ascent. The cars will also be set on special wheels so the elevator will remain unaffected if the building is hit by high winds.
The 530 meter (1,740 feet), 111 storey building is expected to be finished in 2016.
Swim Week Miami Beach 2014 [PHOTOS]