A $3 billion mixed-use urban smart home development in Miami's Little River District will feature over 5,700 residential units and extensive amenities.
Quiver AI Summary
SKYX Platforms Corp. has announced a significant collaboration on a $3 billion mixed-use smart city development in Miami's Little River District, featuring 63 acres of high- and mid-rise buildings that will include over 5,700 residential units, including affordable housing. The project will incorporate advanced smart home technologies with the deployment of over 500,000 units of SKYX's plug-and-play platform, which enhances safety and efficiency in homes. The development will also feature 350,000 square feet of retail space, extensive green walkways, parks, bike paths, a new $35 million Tri-Rail station, and a commitment to provide free internet for community apartments. Led by prominent developers SG Holdings, the project aims to redefine urban living by integrating innovative technologies that will improve the overall quality of life for residents and the surrounding community.
Potential Positives
- The $3 billion mixed-use smart city development in Miami is a significant collaboration that highlights SKYX's role in a high-profile urban project, potentially increasing the company's visibility and market reach.
- SKYX is set to deploy over 500,000 units of its advanced smart home technologies, indicating a large-scale implementation that may drive revenue growth.
- The project includes a commitment to incorporate affordable apartments and community amenities, showcasing SKYX's involvement in socially responsible urban development.
- All homes in the development will feature SKYX's all-in-one smart home platform technology, enhancing the company’s reputation as a leader in innovative smart home solutions.
Potential Negatives
- The press release heavily emphasizes forward-looking statements, indicating potential risk and uncertainty regarding the company's ability to execute the project as planned and achieve market acceptance for its products and technologies.
- The reliance on third-party manufacturers for financial backing and product deployment raises concerns about the company's independence and control over project outcomes.
- The extensive scope of the project, including numerous technological integrations, may expose the company to operational challenges and the risk of underperformance in the delivery of its smart home technologies.
FAQ
What is the Miami Little River District project about?
The project is a 63-acre mixed-use urban smart home city featuring over 5,700 residential units and extensive green spaces.
How many condos and apartments will be available?
The development will include more than 5,700 condos and apartments, including workforce and affordable housing options.
What smart technologies will SKYX provide for the project?
SKYX will deploy over 500,000 units of its advanced smart home technologies, including AI ecosystems and plug & play products.
Who are the developers behind this project?
The project is led by SG Holdings, a joint venture that includes the Swerdlow Group, SJM Partners, and Alben Duffie.
What amenities will the mixed-use development offer?
Amenities include retail space, parks, bike paths, a Tri-Rail station, fitness centers, and free internet for all community apartments.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SKYX Hedge Fund Activity
We have seen 38 institutional investors add shares of $SKYX stock to their portfolio, and 15 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 478,024 shares (+inf%) to their portfolio in Q1 2025, for an estimated $544,947
- VANGUARD GROUP INC added 232,155 shares (+10.3%) to their portfolio in Q1 2025, for an estimated $264,656
- GOLDMAN SACHS GROUP INC added 231,000 shares (+685.0%) to their portfolio in Q1 2025, for an estimated $263,340
- OMERS ADMINISTRATION CORP added 222,900 shares (+inf%) to their portfolio in Q1 2025, for an estimated $254,105
- JANE STREET GROUP, LLC added 137,193 shares (+258.5%) to their portfolio in Q1 2025, for an estimated $156,400
- CONNECTIVE CAPITAL MANAGEMENT, LLC removed 132,105 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $150,599
- CITADEL ADVISORS LLC removed 131,737 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $150,180
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
The 63-Acre Mix-Use Urban Smart Home City in The Miami Little River District will include High- & Mid-Rise Buildings with over 5,700 Condos and Apartments including Workforce and Affordable Living, 350,000 SQF of Retail, 1.5 Million SQF of Green Walkways, Parks, Bike Paths, Shuttle Lanes, a New $35 Million Tri-Rail Station, and More
SKYX is Expected to Deploy Over 500,000 Units of its Advanced and Smart Home Plug & Play Platform Technologies and Products, including an AI Ecosystem. SKYX has Financial Backing from U.S. and Global Manufacturers to Support its Massive Product Deployment
The $3 Billion Project is Led by Prominent Developers SG Holdings, a Joint Venture between Swerdlow Group, SJM Partners, and Alben Duffie
The Architecture and Design of the Project is Led by World-Renowned Architectural Firm Arquitectonica
The Groundbreaking Smart Home Mixed-Use Major Development Will Redefine Miami’s Urban Landscape
MIAMI, May 21, 2025 (GLOBE NEWSWIRE) -- SKYX Platforms Corp. (NASDAQ: SKYX) (“SKYX” or the “Company”), a highly disruptive smart home platform technology company with over 97 issued and pending patents globally and a growing portfolio of over 60 lighting and home décor websites, with a mission to make homes and buildings become smart, safe, and advanced as the new standard today announced a major collaboration with a $3 billion mixed-use smart city development in the Little River District in the heart of Miami. SKYX has financial backing from U.S. and Global manufacturers to support its massive product deployment.
SKYX is expected to deliver over
500,000
units of its advanced and plug & play smart home technologies. SKYX’s platform technologies make homes and buildings safer, smart, and advanced, while saving significant time and cost.
SKYX’s deployed products will include ceiling outlet receptacles, its all-in-one smart home platform technology, an AI ecosystem, and plug & play products including lighting, ceiling fans, recessed lights, EXIT signs, emergency lighting, downlights, and indoor/outdoor wall lighting among others.
Per developers’ commitment to an advanced smart and safe urban community, all homes will be provided with SKYX’s all-in-one smart home platform technology that will include smart and safety features such as WIFI and WIFI repeaters, voice, and app controls, a 911 emergency calling feature, speakers, room to room intercom, emergency light, safety night light, color changing light, smoke and CO detectors, thermostats, among other AI and smart home features. Developers will be providing free internet for all community apartments. The Miami Little River project will be the first of its kind in the State of Florida.
SKYX’s technologies offer long-term recurring revenue opportunities through upgrades, product interchangeability, monitoring services, subscriptions, and platform-wide integrations for future developments.
The groundbreaking 63-acre urban revitalization project will be one of the largest housing and smart home initiatives in Miami’s history and will offer the 2,400 affordable apartments services, technology and amenities usually offered in high-end projects. The project is led by prominent developers SG Holdings, a joint venture comprised of the Swerdlow Group, SJM Partners and Alben Duffie, the team that has just delivered the 1.5 million sq. ft. Sawyer Walk project in Miami’s Overtown area.
The Urban Mixed-Use Smart Home Development will Contain High- & Mid-Rise Buildings and Housing and Will Include:
Over 5,700 residential units, including workforce and affordable housing
350,000 square feet of retail and commercial space including major and national retailers, a major supermarket, big box retail, restaurants, offices, convenience stores, food and beverage options, and more
1.5 million square feet of green walkways, parks, bike paths, and shuttle lanes
A new $35 million Tri-Rail station
250,000+ square feet of publicly accessible green space
Amenities including fitness centers, pools, computer labs, among others
The Groundbreaking Smart Home Mixed-Use Major Development Will Redefine Miami’s Urban Landscape
Michael Swerdlow, Founder and CEO of Swerdlow Group and lead partner in SG Holdings, said,
“Our $3 billion mixed-use development is set to redefine the urban landscape of Miami. To support that vision, we are integrating safe, advanced, and intelligent technologies—like SKYX’s innovative plug-and-play smart home platform—across our buildings and residences. These technologies will deliver meaningful value to our homeowners and the broader community.”
Stephen Garchik, Founder of SJM Partners, and a principal partner in SG Holdings, said,
“Our 63-acre mixed-use development is designed to be a model for the future of smart urban living—safe, connected, and forward-thinking. We are looking forward to incorporating SKYX’s game-changing technologies, which will add significant value to our project, while enhancing safety, functionality, and overall experience of our buildings and homes and for the entire community.”
Rani Kohen, Founder, Inventor and Executive Chairman of SKYX Platforms Corp., said,
“We are proud to collaborate on a Miami urban mixed-use smart city project of this magnitude in the heart of the city. Our advanced plug & play smart platform was designed to support the next generation of urban developments, and we look forward to the opportunity to contribute to a connected, safer, and more efficient living environment.”
Khadija Mustafa, Global AI and Sales Leader at Microsoft and Senior Technology Advisor to SKYX, added:
“This Miami groundbreaking smart city project marks the start of a new era in intelligent living. While phones and cars have leapt ahead, the building socket has been left behind — until now. SKYX is laying the infrastructure to not just connect homes, hotels, and communities, but to unlock a gateway for AI-enabled services that will redefine how we live, work, and connect.”
For SKYX’s Technologies Video Link
CLICK HERE
About SKYX Platforms Corp.
As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 97 U.S. and global patents and patent pending applications. Additionally, the Company owns over 60 lighting and home decor websites for both retail and commercial segments. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at
https://skyplug.com/
or follow us on
LinkedIn
.
Forward-Looking Statements
Certain statements made in this press release are not based on historical facts, but are forward-looking statements. These statements can be identified by the use of forward-looking terminology such as “aim,” “anticipate,” “believe,” “can,” “could,” “continue,” “estimate,” “expect,” “evaluate,” “forecast,” “guidance,” “intend,” “likely,” “may,” “might,” “objective,” “ongoing,” “outlook,” “plan,” “potential,” “predict,” “probable,” “project,” “seek,” “should,” “target” “view,” “will,” or “would,” or the negative thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These statements reflect the Company’s reasonable judgment with respect to future events and are subject to risks, uncertainties and other factors, many of which have outcomes difficult to predict and may be outside our control, that could cause actual results or outcomes to differ materially from those in the forward-looking statements. Such risks and uncertainties include statements relating to the Company’s ability to successfully launch, commercialize, develop additional features and achieve market acceptance of its products and technologies and integrate its products and technologies with third-party platforms or technologies; the Company’s efforts and ability to drive the adoption of its products and technologies as a standard feature, including their use in homes, hotels, offices and cruise ships; the Company’s ability to capture market share; the Company’s estimates of its potential addressable market and demand for its products and technologies; the Company’s ability to raise additional capital to support its operations as needed, which may not be available on acceptable terms or at all; the Company’s ability to continue as a going concern; the Company’s ability to execute on any sales and licensing or other strategic opportunities; the possibility that any of the Company’s products will become National Electrical Code (NEC)-code or otherwise code mandatory in any jurisdiction, or that any of the Company’s current or future products or technologies will be adopted by any state, country, or municipality, within any specific timeframe or at all; risks arising from mergers, acquisitions, joint ventures and other collaborations; the Company’s ability to attract and retain key executives and qualified personnel; guidance provided by management, which may differ from the Company’s actual operating results; the potential impact of unstable market and economic conditions on the Company’s business, financial condition, and stock price; and other risks and uncertainties described in the Company’s filings with the Securities and Exchange Commission, including its periodic reports on Form 10-K and Form 10-Q. There can be no assurance as to any of the foregoing matters. Any forward-looking statement speaks only as of the date of this press release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by U.S. federal securities laws.
Investor Relations Contact:
Jeff Ramson
PCG Advisory
jramson@pcgadvisory.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d058044d-f44f-4d13-b4b9-7fb3bb4fd1b9
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
