Foundation work is now underway at SkyRise Miami, which could become Miami’s tallest building.
Developer Jeff Berkowitz notified the Federal Aviation Administration yesterday that work had commenced on Tuesday, May 27. By doing so, Berkowitz retained FAA approval to build up to a height of 1000 feet, beating a June 12 deadline. An agreement between the City of Miami and General Growth Properties, the current lessee of the city-owned property, has yet to be reached.
Last week, Florida TaxWatch called a $2 million state subsidy for public-transportation improvements around SkyRise a budget ‘turkey’ and urged Governer Rick Scott to veto the funding. Florida lawmakers approved a reduced $2 million subsidy, down from an initial request for $10 million. The subsidy will be paid after $400 million of private funding is invested in the project. Ron Book, who lobbied on behalf of SkyRise, was said to have been paid up to $49,999 for his efforts.