Developer talks Miami skyscraper plans

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
Hyatt CEO Mark Hoplamazian and Gencom Founder and Principal Karim Alibhai with a rendering of the proposed three-tower development at 400 Southeast Second Avenue (James L. Knight Center) (LinkedIn, Gencom, Arquitectonica)
Hyatt, Gencom score Miami commission approval for James L. Knight Center referendum
Hyatt, Gencom score Miami commission approval for James L. Knight Center referendum
Lions Group's Albert Shirian, Fortis Design + Build's Andrew Lenahan and David Polinsky with renderings of the M Tower apartment project (LinkedIn, Fortis Design + Build, Nichols Architects)
Lions, Fortis Design propose 57-story apartment tower in downtown Miami
Lions, Fortis Design propose 57-story apartment tower in downtown Miami
Marc Anthony with One Thousand Museum (Getty, Refin)
Marc Anthony among buyers at Zaha Hadid-designed One Thousand Museum
Marc Anthony among buyers at Zaha Hadid-designed One Thousand Museum
Property Markets Group’s Ryan Shear, Kevin Maloney, Dan Kaplan and Greybrook’s Peter Politis with rendering of The Elser Hotel & Residences (Property Markets Group, Greybrook, Levy PR, iStock)
Here’s what happens to renters after developer converts Miami apartment tower to condos
Here’s what happens to renters after developer converts Miami apartment tower to condos
Plaza 100 building and the Brickell Arch office tower (JLL, Brickell Arch, iStock)
Lease roundup: Ritz Carlton’s yacht service leases in Fort Lauderdale, Hermès at 150 Alhambra
Lease roundup: Ritz Carlton’s yacht service leases in Fort Lauderdale, Hermès at 150 Alhambra
The Comras Company's Michael Comras with 6901 Biscayne Boulevard (Getty, The Comras Company, iStock)
Up in smoke? Comras loses bid to open medical marijuana dispensary
Up in smoke? Comras loses bid to open medical marijuana dispensary
Ricardo Vadia, Jon Paul Perez, and Oscar Rodriguez with District 225
Developers score $76M construction loan for Airbnb-branded condos in downtown Miami
Developers score $76M construction loan for Airbnb-branded condos in downtown Miami
Property Markets Group's Ryan Shear, Kevin Maloney, Dan Kaplan and Greybrook Realty's Peter Politis with rendering of The Elser Hotel & Residences (Property Markets Group, Greybrook Realty Partners, Levy PR, iStock)
Change of plans: Developer switches to condos from rentals at downtown Miami tower
Change of plans: Developer switches to condos from rentals at downtown Miami tower
arrow_forward_ios

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

Loading...