Since last September, financier and art collector Bruce Berkowitz, the founder of an equity fund named after the last street where he lived (Fairholme Capital Management), has been negotiating the construction of a building to host his art collection—which includes two installations: "Aten Reign," by James Turrell and "Passage of Time," by Richard Serra—as well as his offices and his personal foundation. The City of Miami (Department of Planning and Zoning) has trimmed the proposal for the building, located on Biscayne Boulevard and 26th Street, on more than one occasion, due to existing restrictions for construction in the area. According to a report written by Jane Wooldridge for the Miami Herald*, the City has observed the proposal, among other reasons, because "The plan doesn't include enough doors — necessary for ground-floor retail in a commercial building, but in this case prohibited by the sheer size of the Serra sculpture, not to mention a security issue for works by Jean-Michel Basquiat, Richard Prince and other blue-chip artists slated to hang inside". *(
http://www.miamiherald.com/entertainment/visual-arts/article27516817.html#storylink=cpy) Berkowitz and his team, including architects, lawyers, and the project's manager, have met twice with City officials, and are ready to make all necessary modifications to the design, provided they receive appropriate guidance. For many collectors and influential Miami figures, this generous project by a private citizen is intended to contribute to the city's cultural life. They hope that an agreement can be reached, because such a unique opportunity should not be missed.