SkyRise developer Jeff Berkowitz has a Maserati with a license plate reading ‘SkyMia’, he told CNBC.
In an interview with the business network, Berkowitz reiterated his belief that the project will be successful. He said that financing for the $430 million project will be paid back within five years.
Berkowitz also said that the design of the tower appears to resemble a money clip, in his view.
The project is getting $9 million in public funding from Dade County. Berkowitz is also still trying to obtain financing from the state of Florida.
The developer says that he is committing $30 million of his own money to the project, but hopes to raise most of the money through the Eb-5 program, which allows foreign investors to obtain U.S. residency.
Utility relocation work is underway at the project.
CNBC also interviewed architect Charles Corda, an opponent of the project, who says that Berkowitz’s numbers ‘just don’t make sense.’