It looks like Jeff
Berkowitz will be getting some help bankrolling his $470 million SkyRise Miami
development.
A hospitality group
owned by a partnership between the New York Yankees and Dallas Cowboys
announced Monday that it’s signed an investment and management agreement
for Berkowitz’s
project.
New Jersey-based Legends Hospitality Group said in the release that it will be responsible for
“overall development and operation of the SkyRise experience.” That means the
company will head up food and beverage operations, sales and marketing, all
guest interactions and day-to-day management.
Besides its
well-heeled owners, the company is also known as the owner and and operator of
the One
World Observatory at the top of
New York’s One World Trade Center.
The announcement
didn’t discuss terms of the investment agreement, but it did come with a new opening
date: 2020. SkyRise was originally slated to open in 2018 when it was first
going through the approval process.
Berkowitz’s planned
1,000-foot bayfront observation tower and entertainment venue has been mired in
controversy, most notably because of its chief opponents: billionaire Norman
Braman and county mayor candidate Raquel Regalado.
The two filed suit against both the developer and Miami-Dade County over a $9
million public funding agreement for SkyRise in 2014, and the fight reached a
head this year when Berkowitzsaid
he’d given up on pursuing any grants. A Florida
Supreme Court ruling in September had put to rest
other legal challenges from community activists seeking to stop the
development. —Sean Stewart-Muniz
Original Content The
Real Deal
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