SkyRise Miami is on its way to becoming a reality in Downtown Miami. The highly-anticipated, $430 Million, 1,000-foot observation tower was unanimously approved by the city commission in June and was approved by voters in August of this year. Although the developer of SkyRise Miami, Jeff Berkowitz, originally planned for the $430 Million, mega project to be built with only private funding, Berkowitz recently sought out public funding.
In November, Miami commissioners rejected $9 Million in county funding for the project because they did not want to use public money for a private development, even though Miami-Dade Mayor, Carlos Gimenez, described this mega project as a “game changer” for the Miami economy, according to the Real Deal.
Despite this minor setback, the $9 million public funding plan was approved by the Miami commissioners with little resistance at the Miami-Dade County commissioners’ meeting on Tuesday, December 16, 2014, according to the Real Deal. Berkowitz is still in the process of raising the rest of the private funding for SkyRise Miami, but we are hopeful this remarkable landmark will sooner than later become a reality in Downtown Miami.
Click Here more information on SkyRise Miami including descriptions of its unique amenities.