Planned 3,200-foot Watson Island tower would be the world’s tallest

TRD MIAMI /
Jan.January 11, 2010 10:49 AM

Move over Dubai — the 3,200-foot Miapolis tower is getting ready to soar. The ambitious Jungle Island project that would be located on Miami’s Watson Island hasn’t made much progress yet, but the fact that the enterprise is still under discussion has been cited as a reflection of developer Guillermo Socarras’ persistence. Its centerpiece skyscraper, Miapolis, which would surpass the recently opened Burj Khalifa in Dubai as the world’s tallest tower, would garner plenty of attention if it manages to get off the ground. Socarras, who plans to assume Jungle Island’s $39 million loan and debts, will require local and federal approval for the mega-building, including a sign-off from the Federal Aviation Administration. Socarras then wants to strike a deal with the city for a new 99-year master land lease on the 28-acre parcel at a rate of $4 million a year. City officials remain skeptical of his ability to move the project forward. [Miami Herald]


Related Articles

arrow_forward_ios
Prive at Island Estates and BH3’s Charlie Phelan, Greg Freedman and Daniel Lebensohn and Gary Cohen

Privé at Island Estates developer sues Suffolk Construction over defects

Privé at Island Estates developer sues Suffolk Construction over defects
Pierre Brondeau and Palazzo Del Sol

Pesticide exec pays $14M for Palazzo Del Sol condo

Pesticide exec pays $14M for Palazzo Del Sol condo
Howard Lorber and 1525 North View Drive

Howard Lorber buys waterfront Sunset Islands home for $12M

Howard Lorber buys waterfront Sunset Islands home for $12M
2201 Sunset Drive and David Grutman (Credit: Douglas Elliman)

Hospitality mogul David Grutman lists Sunset Islands home

Hospitality mogul David Grutman lists Sunset Islands home
Jim Cohen, Fontainebleau Development’s president of Residential, and Jeffrey Soffer, with SeaGlass Jupiter

Jeffrey Soffer’s Fontainebleau Development launches sales of Jupiter Island luxury condos

Jeffrey Soffer’s Fontainebleau Development launches sales of Jupiter Island luxury condos
2138 Bay Avenue, Miami Beach (Credit: Google Maps)

Toronto financier pays $14M for Sunset Islands home

Toronto financier pays $14M for Sunset Islands home
Map of priciest condo sales and Palazzo Del Sol (Credit: Google Maps and Douglas Elliman)

$12M Fisher Island closing tops weekly condo sales in Miami-Dade

$12M Fisher Island closing tops weekly condo sales in Miami-Dade
Fisher Island (Credit: Fisher Island)

Nation’s richest ZIP code received a $2M PPP loan. Residents voted to reject it

Nation’s richest ZIP code received a $2M PPP loan. Residents voted to reject it
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...