Construction for the Kaseya Center began in 1998 as a replacement for the Miami Arena and was designed by the architecture firms Arquitectonica and 360 Architecture. The arena opened on December 31st, 1999, with a concert by local star Gloria Estefan.
Kaseya Center was known as American Airlines Arena from 1999 to 2021. In March 2021, FTX, a cryptocurrency exchange, acquired the naming rights. However, following their bankruptcy in November 2022, the naming rights deal was terminated. The Miami Heat’s county owned building was then renamed Kaseya Center and on March 30th, 2023, a trademark was filed for the Kaseya Center.