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
Blackstone's Jon Gray and 2MiamiCentral (Getty)

Blackstone inks lease at MiamiCentral in downtown Miami

Blackstone inks lease at MiamiCentral in downtown Miami
 Miami Worldcenter Associates developers Art Falcone and Nitin Motwani and RPC’s Dan Kodsi with a rendering of the project (Royal Palm Companies)

Dan Kodsi’s firm pays $34M for site of 50-story tower at Miami Worldcenter

Dan Kodsi’s firm pays $34M for site of 50-story tower at Miami Worldcenter
Photo of the new Aston Martin DBX and the Aston Martin Residences (Aston Martin)

Aston Martin Residences unveils DBX SUV, included with purchase of luxury condo

Aston Martin Residences unveils DBX SUV, included with purchase of luxury condo
Placeholder image

Miami board approves plans for Related, Crescent Heights towers and rejects Melo’s proposal

Miami board approves plans for Related, Crescent Heights towers and rejects Melo’s proposal
Jon Paul Perez and Russell Galbut with renderings of the projects

Related, Crescent Heights and Melo Group seek approval for Miami projects

Related, Crescent Heights and Melo Group seek approval for Miami projects
Blackstone's Jonathan Gray and Stephen Schwarzman (Getty, iStock)

Blackstone to open office in South Florida

Blackstone to open office in South Florida
Jared Galbut, Bodega Taqueria

Menin plans major expansion of Bodega Taqueria

Menin plans major expansion of Bodega Taqueria
249 Northwest 6th Street and Michael Swerdlow (Google Maps, Swerdlow Group)

Developers buy land, score $25M loan for Target-anchored mixed-use project in Overtown

Developers buy land, score $25M loan for Target-anchored mixed-use project in Overtown
arrow_forward_ios

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

Loading...