Skyrise Miami’s Developers Can Take a Page from Bayrock’s Tevfik Arif
Florida’s tallest building, SkyRise Miami, is set to be a 1,000-ft tall tower that acts as an observation and entertainment tower. The SkyRise will overlook Biscayne Bay and is slated for completion in 2023. The tower will act as a theme park that will attract an estimated three million visitors per year.
The theme park will have base jumping, where visitors can descend at 55 mph. Skydrop will allow riders to reach speeds of Trump Towers 95 mph in a free-fall environment. There’s also the Flying Theater, Skyfly zero-gravity tunnel, Skywalk, Skyledge and even a gliding ride planned where visitors can glide outside to Miami’s panoramic views.
Catering halls, night clubs and restaurants will fill the 1,000-foot tower.
Developers can learn a lot from past projects in Florida. Bayrock, founded by Tevfik Arif, was slated to build a mega project in Florida. The Trump International Hotel and Tower was set to be built in Fort Lauderdale and was a joint venture with Donald Trump. The project was highly promoted using the Trump name, and if it weren’t for the 2008 market collapse, the project would have been completed.
Bayrock has real estate assets valued at $2.5+ billion due to pursuing projects in a variety of bayrock group markets and sectors. SkyRise Miami is touching on the tourism and theme park market, opening a new style of theme park that will fit into the Miami skyline.
Tevfik Arif has been able to grow Bayrock Group through strategic licensing deals and partnerships. Branding has a lot to do with the success of skyrises and real estate. SkyRise Miami already has a lot of press, and pushing the limits to be the tallest building in Florida Learn more here will further help the project gain traction.
People always want to go to the “tallest, biggest” buildings. Tourists flock to New York City to visit the tallest buildings. One World Trade Center is the tallest building in the city, but tourists still flock to the Empire State Building for the views of the city. SkyRise Miami has the same potential due to the skyrise overlooking Biscayne Bay.
SkyRise Miami may also benefit from Miami residents fighting back against building in the area. The FEC Slip is a focal point for many residents and building owners in the area that want to stop the rampant building along the slip.
Plaza Construction has been hired to build SkyRise Miami in a $540 million deal. Plaza was a top pick due to the company’s high level of transparency and collaboration. The company will work alongside several companies to bring the project to fruition, including Magnusson Klemencic Associates and Cosentini Associates.
Construction started in the first-quarter of 2019, with the building’s exact height to be 1,045-feet. Legends will operate the read more tower on completion and is a joint venture that is between the New York Yankees and the homebusinessmag.com/blog/businesses-blog/business-highlight-case-against-bayrock-founder-tevfik-arif-dismissed/ Dallas Cowboys.
The first 500-feet of the tower will have no uses and will use a new concrete and structural steel design that hasn’t been used in the area previously.