Skyrise will have a financing deal within months, and start foundation work in fall, developer Jeff Berkowitz told the Herald.
The city has agreed to push off the first rent payments one year, from fall of 2018 to 2019. Berkowitz requested the delay citing a lawsuit over a $9 million county subsidy for the project.
It isn’t clear if Berkowitz is still pursuing EB-5 financing.
(rendering: ArX Solutions, US, LLC)