Developer talks Miami skyscraper plans

Berkowitz hopes to start SkyRise Miami construction by May

Feb.February 12, 2014 01:30 PM

Developer Jeffrey Berkowitz is starting to release preliminary details of his planned 1,000-foot observation tower in downtown Miami.

The glass and steel tower, called SkyRise Miami, would be the tallest in Florida if Berkowitz completes the project. The developer plans to sublease about two acres from downtown’s Bayside Marketplace and raise money through the federal EB-5 program to cover more than half of the $430 million project cost, Miami Today reported. Berkowitz also plans to contribute a substantial amount of his own money to help fund construction.

Berkowitz plans to present the project to City of Miami commissioners for approval in the near future. He hopes to begin site work in April and hold a groundbreaking ceremony in May.

“I am spending seven days a week working on this,” Berkowitz told Miami Today. “It’s exhilarating getting up in the morning.” [Miami Today]Eric Kalis

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