Developer talks Miami skyscraper plans

Berkowitz hopes to start SkyRise Miami construction by May

TRD MIAMI /
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


Related Articles

arrow_forward_ios
Nitin Motwani, Sankesh Abbhi and 1016 Northeast Second Avenue (Google Maps)

Miami Worldcenter developer sells site to Abbhi Capital for $24M

Miami Worldcenter developer sells site to Abbhi Capital for $24M
One Thousand Museum

Chicago investor pays $11M for units at One Thousand Museum

Chicago investor pays $11M for units at One Thousand Museum
Dan Kodsi and Legacy Hotel & Residences

For future pandemics, Miami Worldcenter plans $60M health center

For future pandemics, Miami Worldcenter plans $60M health center
Denis-Christel Sassou Nguesso and 900 Biscayne Boulevard (Credit: Wikipedia and Facebook)

Congo president’s son allegedly used embezzled money to buy Miami condo

Congo president’s son allegedly used embezzled money to buy Miami condo
Jeff Berkowitz, developer of Dadeland Station and Aventura Commons

Berkowitz sues to evict PetSmart from Dadeland Station and Aventura Commons

Berkowitz sues to evict PetSmart from Dadeland Station and Aventura Commons
Rendering of the project and Russell Galbut

Crescent Heights buys out partner on two downtown Miami sites

Crescent Heights buys out partner on two downtown Miami sites
(Credit: iStock)

Luxury condo prices drop in downtown Miami amid lockdown

Luxury condo prices drop in downtown Miami amid lockdown
Harvey Hernandez, Centro Condo

Harvey Hernandez sued over delinquent loan for downtown Miami condo project

Harvey Hernandez sued over delinquent loan for downtown Miami condo project
arrow_forward_ios

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

Loading...