Three or four years ago Bruce Berkowitz, the head of Miami-based Fairholme Capital, an investment fund, undertook the creation of a new contemporary art space much like many of Miami's other privately-owned art museums. The art within would be particularly spectacular though. Located on Biscayne Boulevard in Miami's Edgewater neighborhood, it would house two particularly important, incredible, and gigantic works of art: James Turrell’s Aten Reign and Richard Serra’s Passage of Time, along with many other works in his collection.