Upcoming Iconic Landmark of Miami

NORTH MIAMI BEACH, Fla. - March 21, 2014 - PRLog -- The upcoming iconic landmark, SkyRise Miami, will stand on the water’s edge of Bayside Marketplace, a shopping and dining destination for over 23 million annual visitors. SkyRise Miami will be a 1,000 ft. tall observation & entertainment tower. It will become the tallest structure in the tropical city hosting observation decks, restaurants, VIP clubs, SkyPlunge Miami, SkyRise Flying Theater and more.

This project has assembled a world class team to build and operate all the many attractions and amenities it has to offer. The team has decades of experience and has been involved in some of the most notable structures in the world such as the new One World Trade Center in New York City, USA, Doha Tower in Doha Qatar, Guggenheim Museum in Bilbao, Spain, Shanghai Center in Shanghai, China and Moscow City, in Moscow, Russia.

The giant glass and steel tower will resemble a capital “R,” as it slopes back toward the area of the Hard Rock Café . The tower will be built on the land of the Hard Rock's parking lot.

Located minutes from one of the busiest international airports in the world (27 million annual passengers) and next to the Port of Miami, known as the Cruise Capital of the World (4 million annual passengers), SkyRise Miami is expected to become the cornerstone of Downtown Miami’s Bayfront Entertainment Center.

SkyRise will be within walking distance from a variety of other entertainment venues including: the American Airline Arena (820.000 annual visitors) and the home to the world champion Miami Heat; Museum Park, with its two brand new venues, the Science Museum (550,000 projected annual visitors) and the Miami Art Museum (200.000 projected annual visitors); and Bayfront Park with over 500.000 annual visitors.

The grand plan for the tower is to see it include:

-          The “Sky High” Club, perched almost 1,000 feet above the skyline as “one of the most exclusive private clubs in the world,” according to their website,

-          3 observation decks,

-          SkyRise Restaurant and VIP lounge

-          SkyRise Drop, a gigantic bungee jumping attraction

-          SkyRise Flying Theater, a motion-based simulator that explains the thrill of flight, similar to Soaring at Epcot Center in Walt Disney World.

-          SkyPlunge Miami, a ride where guests can experience the thrill of free fall followed by the jolt of extremely rapid deceleration.

The developer, Jeff Berkowitz, plans preparatory work on the site to begin in April, and is planning on a May groundbreaking.  “We are projecting 3.2 million visitors a year. I t’s going to be iconic. It’s going to be the Miami Eiffel tower. We have very significant public support for it,” he said.

SkyRise Miami may end up costing $430 million to build. Mr. Berkowitz is working to get $270 million from people wishing to take part in the immigrant investor program. Mr. Berkowitz is turning to the federal EB-5 visa program to attract millions in foreign investment for more than half the cost of the ambitious venture. The rest of the money is coming from other investors, including a “significant” amount of his own money, as Mr. Berkowitz declared to the Miami Herald.

“From an economic standpoint, the benefits to the community are overwhelming. We expect to become one of Miami-Dade County’s top 20 private employers,” Mr. Berkowitz said.

A study of the potential impact of SkyRise on the area, conducted by The Washington Economic Group Inc., shows an estimated 6,782 jobs are likely to be created during the development of the project. According to the study, “SkyRise Miami’s presence will enhance the state and Miami-Dade County’s global brand as a top entertainment and leisure destination for both domestic and international visitors, creating thousands of jobs in a variety of industries.” Once completed, it is expected to create about 16,000 annual employment positions in Miami-Dade County”.

Barry Johnson, president and CEO of Greater Miami Chamber of Commerce, stated: “Like the Eiffel Tower and the St. Louis Gateway Arch, SkyRise Miami will be a strong, recognizable symbol and another element to solidify Greater Miami’s leadership position among the top global destinations.”

On the same note, Alyce M. Robinson, executive director of the Downtown Development Authority, held the tower is consistent with and aligned with the 2025 Downtown Miami Master Plan which calls for an iconic waterfront element along Biscayne Bay.

Larry Williams, president and CEO of the Beacon Council, also said: “World-class cities are often identified with their iconic architecture. Miami will take its place on the world’s stage with this 1,000-foot-tall skyline and provide great economic opportunities for our community.”

To learn more about Miami’s latest information on residential and commercial Real Estate, contact Amity Realty at 786-220-2512or by email: info@amityrealtyusa.com

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