The Real Deal Miami

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

January 11, 2010 10:49AM

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]