Rotating Tower Being Shopped Around

(Crystal Proenza is associate editor of Real Estate Florida.)

MIAMI-Last week, architect David Fisher revealed design plans for a rotating tower here that would be similar to mixed-used projects he has under way in Dubai and Moscow. The $1 billion, 80-story Dynamic Tower in Dubai will include 20 floors of office, 15 floors of luxury hotel rooms, 45 floors of residential apartments and 10 floors of luxury villas, and is set for completion in 2010. The structure will be the world’s first “building in motion,” with the ability to change shape and appearance, according to Fisher’s Italy-based firm, Dynamic Architecture.

Now the creator of Dynamic Tower says he is in talks with both local and international developers who are interested in constructing the same type of building in Miami. However, local experts say such an undertaking is a huge risk in today’s economy.