SKYX Platforms (SKYX) Globenewswire·2025-05-21 13:17Core Viewpoint - SKYX Platforms Corp. has announced a collaboration on a $3 billion mixed-use smart city development in Miami's Little River District, which aims to redefine urban living through advanced smart home technologies and sustainable design [1][10]. Group 1: Project Overview - The development will cover 63 acres and include over 5,700 residential units, with a focus on workforce and affordable housing [7][6]. - It will feature 350,000 square feet of retail space, including major retailers and restaurants, alongside 1.5 million square feet of green walkways, parks, and bike paths [7][6]. - A new $35 million Tri-Rail station will be part of the project, enhancing transportation options for residents [7]. Group 2: Technology Integration - SKYX is expected to deploy over 500,000 units of its advanced plug-and-play smart home technologies, which include an AI ecosystem and various smart home products [2][3]. - The smart home platform will provide features such as Wi-Fi, emergency calling, intercom systems, and safety detectors, ensuring a safe and connected living environment [4][9]. - The integration of these technologies is designed to enhance safety, functionality, and the overall experience for residents [9]. Group 3: Financial and Developmental Aspects - The project is led by SG Holdings, a joint venture that includes prominent developers such as Swerdlow Group and SJM Partners, known for their previous successful projects [1][6]. - SKYX's technologies are expected to create long-term recurring revenue opportunities through upgrades, monitoring services, and subscriptions [5]. - The collaboration marks a significant step towards establishing a model for future smart urban living, emphasizing safety and connectivity [9].