MIAMI | Skyrise Miami | 1,045 FT - Page 7

chris08876 · #**121** Posted **Dec 17, 2014, 6:33 PM**

$9M in public funding approved for SkyRise Miami

Quote:

Funding for SkyRise Miami was approved at Tuesday’s Miami-Dade County commission meeting. The county reportedly approved the $9 million funding plan with little opposition. Miami voters approved SkyRise Miami, a 1,000-foot observation tower in downtown Miami, in August, and county commissioners rejected funding back in November. Commissioner Audrey Edmonson switched her vote from a “no” in November to a “yes” yesterday. “Who am I to turn around and say the voters didn’t know what they were voting for?” she told the Miami Herald. Developer Jeff Berkowitz is still raising most of the $430 million needed.

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December 17, 2014
http://therealdeal.com/miami/blog/20....R0MqhzIw.dpuf

chris08876 · #**122** Posted **Jan 3, 2015, 6:45 PM**

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https://www.facebook.com/SkyRiseMiam...=page_internal

Dale · #**123** Posted **Jan 3, 2015, 7:06 PM**

Is this pretty much a go ? Doesn't he have a ****load of funding to get ?

chris08876 · #**124** Posted **Jan 3, 2015, 7:52 PM**

Quote:

Originally Posted by Dale

Is this pretty much a go ? Doesn't he have a ****load of funding to get ?

They are having funding issues, and it is happening slowly but construction is occurring. EB-5 funding is suppose to generate a substantial amount overtime. Along with the little pockets of cash from the public and the city.

Dale · #**125** Posted **Jan 3, 2015, 8:27 PM**

Quote:

Originally Posted by chris08876

They are having funding issues, and it is happening slowly but construction is occurring. EB-5 funding is suppose to generate a substantial amount overtime. Along with the little pockets of cash from the public and the city.

I guess we'll have to wait 'til construction to stop to know that he's run out of money.

chris08876 · #**126** Posted **Jan 3, 2015, 8:31 PM**

Thats true. They haven't really been transparent about how much money they have raised. Given such a large project, it would be a huge risk, so for it to continue, they must be confident. Over the long term, this will generate a profit, but right now, its looking a little iffy.

Dale · #**127** Posted **Jan 4, 2015, 1:20 AM**

For the record, I don't look down my nose at the design like so many do. I think it's pretty cool.

N830MH · #**128** Posted **Jan 4, 2015, 4:47 AM**

Quote:

Originally Posted by Dale

For the record, I don't look down my nose at the design like so many do. I think it's pretty cool.

Yeah, I can't agree with you. I do trust the funding from city council.

eleven=11 · #**129** Posted **Jan 5, 2015, 4:44 PM**

Quote:

Originally Posted by N830MH

Yeah, I can't agree with you. I do trust the funding from city council.

you disagree on the design?? about the funding I dont understand
I thought the Miami Marlins Statdium & parking was a disaster or was told so.
but now they pay for this? also paying to support the Worldcenter shopping mall.
When are they going to fix I95? last time I drove downtown it was non stop
bad/stopping. The highway was a parking lot.

chris08876 · #**130** Posted **Jan 13, 2015, 1:55 AM**

Scroll to right ------------------------------- >

Credit: http://www.bizjournals.com/southflor...p-miami-s.html

NYguy · #**131** Posted **Jan 13, 2015, 11:09 AM**

Still seems a little shaky on whether or not this ultimately gets built. But whether you like the design or not, there's no doubt that the views from up there would be amazing.

N830MH · #**132** Posted **Jan 13, 2015, 12:56 PM**

Quote:

Originally Posted by eleven=11

you disagree on the design?? about the funding I dont understand
I thought the Miami Marlins Statdium & parking was a disaster or was told so.
but now they pay for this? also paying to support the Worldcenter shopping mall.
When are they going to fix I95? last time I drove downtown it was non stop
bad/stopping. The highway was a parking lot.

No, I didn't disagree with you. I didn't say that. I said that I will agree with the city council. You had respect that. It's their right and not yours.

eleven=11 · #**133** Posted **Jan 14, 2015, 1:27 AM**

is this still a proposal?
started out as a good or bad idea,
then it didnt need tax payer money
then it was maybe to expensive ?
then it got tax payer money
now its under construction .....
very good web site
http://skyrisemiami.com/under-construction/

chris08876 · #**134** Posted **Jan 14, 2015, 1:28 AM**

I like this diagram:

http://skyrisemiami.com/wp-content/u...e-no-other.jpg

chris08876 · #**135** Posted **Feb 6, 2015, 3:25 AM**

Skyrise Miami targets EB-5 investors for funding

Developer Jeffrey Berkowitz heading for China to seek $270M

Quote:

Developer Jeffrey Berkowitz wants to raise $270 million for his SkyRise Miami tower from foreign investors seeking permanent residency in the United States.

In two weeks, Berkowitz will depart for China to seek out financiers for the project, a 1,000-foot high steel and glass structure that Berkowitz has dubbed Miami’s version of the Eiffel Tower. Once completed, SkyRise Miami will be the largest observation tower in the U.S.

“We’re recruiting 540 investors through the EB-5 visa federal immigration program,” Berkowitz told The Real Deal. “So far, we are making good progress.”

[...]

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http://therealdeal.com/miami/blog/20...s-for-funding/