MIAMI (CBSMiami) — Downtown Miami may be home to the tallest building in South Florida soon and it’ s called SkyRise Miami.

The tower is expected to be 1,000 feet tall, also making it the second tallest tower in the United States after the 1,148-foot Stratosphere Tower in Las Vegas.

It will be located right by Bayside Marketplace and the American Airlines Arena.

SkyRise Miami is expected to  include a flying theater, a sky Plunge, a ten seat – 800-foot sky drop and a 600-foot controlled bungee jump. Among other things, it’s expected to house multiple observation decks, a fine dining restaurant, an elegant 500-seat ballroom, meeting and board rooms, and several clubs and lounges.

(Courtesy: SkyRise Miami)

(Courtesy: SkyRise Miami)

The team for the tower includes the design team of Arquitectonica and contractors for the World Trade Center, Coastal Construction and Tishman.

The project would still need to be approved, but it does have support from Miami-Dade Mayor Carlos Gimenez.

According to the group, they are scheduled to break ground in Spring  2014 and finish by 2017. 

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