Panorama Tower – 1101 Brickell | 74 Floors | 849 ft | Approved

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The 74-story 1101 Brickell residential tower in Downtown Miami is set to begin construction at the end of 2012.

Florida East Coast Realty President Tibor Hollo made the announcement in an interview with Miami Today News.

“We’re looking forward to the project,” Hollo said. “We should begin construction at the end of the year.”

The project would become Miami’s tallest building, and will cost $500 to $600 million.

17 Comments

  1. sandman

    June 3, 2012 at 7:20 am

  2. bigswinging

    June 5, 2012 at 2:53 pm

    So this will be the new tallest building in Miami.

  3. METROPOLITAN INTENT

    June 5, 2012 at 7:29 pm

    bigswinging, post: 1062, member: 5 wrote: So this will be the new tallest building in Miami.

    Yes :)

  4. langbro

    October 3, 2012 at 1:29 pm

    Hollo’s company has a head start in the race to 80 stories…

    Earlier this year Hollo announced the revival of 1101 Brickell, a proposed 80-story rental tower with a 2,300-space parking garage behind the two-tower office complex Florida East Coast owns.

    Hollo said the company has approvals in place to move forward and has begun utility work on the site.

    “I’m very confident” in the viability of the 1101 Brickell project, Hollo said.

    “The rental market is just extraordinary,” Hollo said. “Many people don’t want to buy; they want to rent. So we’re catering to that market.”

    http://www.dailybusinessreview.com/PubArticleDBR.jsp?id=1202573485535&Bayfront_Brickell_land_up_for_sale

  5. miami1

    October 3, 2012 at 3:53 pm

    So should we change the status of this project from Approved to Under Construction, or it is too premature…:beer:

  6. sandman

    October 3, 2012 at 4:07 pm

    They did already file their Notice of Commencement.

    Thread title has been modified until full construction is underway.

  7. Sean

    October 4, 2012 at 12:10 am

    sandman, post: 1538, member: 1 wrote: Curbed Miami: 1101 Brickell To Be Miami’s Tallest Building
    http://miami.curbed.com/archives/2012/07/18/1101-brickell.php

    BTW Sean, the article was in the print edition only – not online.

    That was back in the day, when I was learning the ropes.
    Ha, well I’m probably still learning the ropes.

  8. Sean

    October 16, 2012 at 3:01 am

    I walked around this site like a week ago and then again the day before yesterday. It looked untouched. All I saw was a parking garage, a wide verdant lawn, some big trees, and a Sukkah somebody had set up for the holiday. The whole thing was vary pretty and could be a nice park if the garage wasn’t there. It’s also a nice spot for a tower…

  9. yellows2k

    November 21, 2012 at 2:36 pm

    Visa investors may fund South’s tallest tower

    Veteran developer Tibor Hollo plans to raise 15% of a $700 million Brickell apartment tower’s cost through an EB5 visa regional center operating from Miami’s City Hall that’s geared to provide US entry for foreign investors.

    http://miamitodaynews.com/news/121122/story1.shtml

  10. yellows2k

    November 26, 2012 at 1:16 am

    The Miami Today article states that according to Tibor Hollo this will be the tallest tower south of the empire state building. The building will be complete in 2015.

  11. Sean

    November 26, 2012 at 1:42 pm

    Panorama Tower? That name is new

  12. sandman

    November 26, 2012 at 2:13 pm

    Sean, post: 2683, member: 42 wrote: Panorama Tower? That name is new

    Yes.

  13. mechanesthesia

    December 2, 2012 at 10:16 am

    South Florida Business Journal wrote:
    [SIZE=28px]Miami adds Tibor Hollo project as part of EB-5 regional center application[/SIZE]

    As part of its quest to become designated as an EB-5 regional center, the city of Miami has added [COLOR=#1d5db1]Tibor Hollo’s Panorama Tower as a signature project on its federal application.[/COLOR]
    The city is seeking federal approval to offer foreign investors an additional option within the increasingly popular federal Immigrant Investor Program, more commonly known as an EB-5 visa.
    As an EB-5 regional center, the city would attract more investment and jobs, while investors would benefit from not having to run the business or project themselves. The program is popular with property owners and developers because it provides alternative financing for real estate development that is not available or would be too expensive in the current marketplace.
    The city considers the proposed 83-story Panorama Tower project at 1101 Brickell Ave. a good project because it has existing permits and some financing, said [COLOR=#1d5db1]Mikki Canton, a consultant to the city. ” Investors are attracted to projects that are in some way already financed,” she added.[/COLOR]
    “Every time that we meet with people, everybody is really really interested in a piece of the pie, so the future is really good in terms of people doing projects in the city of Miami and actually applying,” Miami Mayor [COLOR=#1d5db1]Tomás Regalado said.[/COLOR]
    If Miami’s application to become a government-owned EB-5 regional center is successful, it would be considered a geographic area designated by the U.S. Citizenship and Immigration Services for investment.
    The city expects to have its application with its own business plan, the business plan for the Panorama Tower project, and an economic study of the Panorama project submitted to USCIS by the end of December, said Canton, who is also managing director for the city’s Community and Economic Development Department.
    The approval process could take about six months.
    The Community and Economic Development Department will consider projects proposed within city limits and, if approved, allow an investor to use the city’s EB-5 designation.
    The EB-5 program begins a road to citizenship for foreign investors, who can receive a green card by creating 10 U.S. jobs.
    Currently, investors must apply for an EB-5 visa as an individual creating a new company or project through either a $1 million investment anywhere or a minimum $500,000 investment in a targeted-employment area. If the investor meets all requirements after two years, he or she can apply for U.S. citizenship in an additional five years.
    But questions remain about how quickly Hollo would pursue Panorama because the fate of other projects planned for nearby sites is still unclear.
    As recently as October, Hollo talked about developing a site in downtown Miami, to the north of Panorama, into one of the tallest buildings in the south.
    The proposed building at 100 S. Biscayne Blvd. would be called One Bayfront Plaza and would rise to just over 1,000 feet. If developed as it is envisioned today, One Bayfront Plaza would have 4.2 million square feet of space that would include 700 luxury residences; 200,000 square feet of retail; 650,000 square feet of offices; a four-star, 500-room hotel; a five-star, 120-room hotel; and 130,000 square feet of exhibit and banquet space. To accommodate all that, there will be 2,100 parking spaces on 12 floors.
    The project is very ambitious in its scale and questions remain about whether there is market demand for it. However, Hollo has said that One Bayfront Plaza is not on the front burner because leases at the existing commercial building on the site do not expire until the end of 2014.
    As a result, there is no urgency to build One Bayfront Plaza, said [COLOR=#1d5db1]Brian Gale of Taylor & Mathis, who is leasing the existing office complex at Hollo’s 1101 Brickell Avenue.[/COLOR]
    The timing of Panorama’s development is important because Hollo has another Brickell area property in play.
    He’s trying to sell the 2.5-acre, waterfront parcel at 1201 Brickell Bay Drive where he planned the Villa Magna condominium. The Villa Magna plan included 787 condominium units, 1,500 parking spaces as well as waterfront restaurants and retail, according to CBRE, which is marketing the site.
    But it’s also possible that if Hollo doesn’t get the price he wants, he would pull the property off the market, and develop it himself or market it again for sale at a later time.

    http://www.bizjournals.com/southflorida/news/2012/11/30/miami-adds-tibor-hollo-project-as-part.html?page=all

  14. langbro

    December 19, 2012 at 1:18 pm

    El Nuevo Herald article:

    85- Story Panorama Tower has secured financing and will begin construction next summer. The tower will be included in the EB-5 program as a favor to Regalado.

    http://www.elnuevoherald.com/2012/12/18/1366641/miami-planea-atraer-inversiones.html

    A pile of dirt on the site

  15. langbro

    April 17, 2013 at 3:50 pm

    Hollo: Panorama Tower site work continues, tower will open in 33 months (or January 2016)

    http://www.miamitodaynews.com/news/130418/story5.shtml

  16. erick

    September 12, 2013 at 8:59 am

    any updates?

    • tammy

      March 12, 2014 at 2:41 pm

      demolition of the parking garage on the east side has begun and should be completed approximately 8 weeks

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