This Week in Real Estate: Tallest building in Florida to begin construction, One West Palm moves forward and more

by Zachary Wright

The tallest building in Florida is reportedly ready to begin construction in Biscayne Bay. More of a vertical theme park than residential or office tower, construction is expected to begin in early 2019, according to Building Design + Construction.

The Berkowitz Development Group first introduced the plans to build SkyRise Miami nearly four years ago.  The 1,000 ft. tower, the tallest tower in Florida, will be constructed next to Bayside Marketplace. The scheduled completion date is 2023.

Berkowitz Development Group said SkyRise will have a wide range of fun attractions like a base-jumping station, a zero-gravity tunnel and a transparent slide — all of which are at the top of the 1,000-ft tower. Some additional entertainment features include fine dining, a luxury bar, ballroom space for weddings and special events, a meeting and conference center and a kid’s play center. SkyRise will also reportedly have a small entertainment cruise in Biscayne Bay.

In other real estate news:

  • Billionaire Jeff Greene reportedly reversed the decision to cancel building One West Palm, a mixed-use two-tower development, but instead will be moving forward with the project. Greene told the Real Deal in September he decided against building One West Palm after New York-based Related Companies unveiled plans to build a 25-story, 275,000 square foot. office building called One Flagler. However, Greene told Palm Beach Post that he paid for building permits and had general contractor Kast Construction put fencing around the development site. Dave DeMay, senior vice president of Kast, said the 30-story towers will take about two-and-a-half years to complete.
  • Florida Realtors and the Panamanian Association of Estate Brokers and Promotors (ACOBIR) signed a Memorandum of Understanding for 2018. The agreement was signed at the NAR Realtors Conference and Trade Expo in Boston. As part of the agreement, ACOBIR and Florida Realtors will promote international collaboration and opportunities.
  • Canadian developer Great Gulf announced their plans for a 25-story luxury condo tower in West Palm Beach. La Clara, an 83-unit development, will officially launch in early 2019, according to Chris Leavitt, the director of sales for Douglas Elliman. Great Gulf contracted Hariri Pontarini Architects to design La Clara, which will take approximately two years to complete. Prices range from $2 million to $5 million, excluding penthouses, for 1,500 to more than 4,000 square foot condos. Some amenities include a yoga and fitness center, outdoor garden, lounge, theater and wine tasting and storage areas.
  • Real estate developer Ian Bruce Eichner listed his Miami Beach penthouse in the South of Fifth neighborhood. The luxury penthouse sits atop one of the towers known as Continuum South beach. The unit comes with a private terrace of 6,000 square feet, including a full-sized pool and outdoor kitchen. Inside, the unit boasts 13,000 square feet with seven-beds, eight-baths and a separate guest apartment on the lower floor. Listing price is $48 million.
  • Palm Beach broker Suzanne Frisbie has recently joined Premier Estate Properties after 14 years with the Corcoran Group. Frisbie, along with her team of Frances Frisbie, Katie Frisbie Crowell, Alison Wren and Richard Frisbie, joined Premier’s Palm Beach office. Frisbie and her team is not the first Corcoran members to join. Premier hired Jim McCann and his team from Corcoran in January when the office opened. 

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