After starting preliminary construction to beat a June 12 deadline that would enable SkyRise Miami to build to 990 feet, Miami Commissioners approved a deal that would allow the structure to be built. 

However, there will be an August 26 referendum that give the people the right to vote on the project.

SkyRise developer Jeff Berkowitz will pay the city of Miami $1 million in rent for use of the space and parking. 

SkyRise Miami is expected to be completed in 2017.