Tallest Miami Tower Due In 2016
By Scott Blake
All plans are go to raise the bar for Miami’s skyline, veteran Miami developer Tibor Hollo says about his Panorama Tower project on Brickell Avenue.
In the latter years of his long and storied career, Mr. Hollo is dreaming bigger than ever for Miami: Panorama at 1101 Brickell Ave. is planned to be 830 feet tall — which would make it the tallest building in Miami and in Florida.
The 85-floor structure will have 941 rental apartments, 300,000 square feet of office space and 100,000 square feet of ground-level retail, Mr. Hollo said Tuesday in an interview with Miami Today. Overall, he added, the project will encompass about 3 million square feet of floor space.
Mr. Hollo, Panorama’s developer and owner, said his high-rise dream is well on its way to becoming a reality, as some preliminary construction has been completed to set the stage for vertical construction of the tower.
He said the project is scheduled for completion 33 months from now, which would put the opening in January 2016. He said he plans to start marketing the tower to tenants in about 15 months, or in summer 2014.
He said construction of a three-story utility building on the site is complete, and Florida Power & Light Co. is preparing to occupy the building. The building is to be used to provide power for the site. Utilities are being diverted to the site and a street crossing soon will be created, Mr. Hollo added.
Construction at the site, between Brickell Avenue and Brickell Bay Drive, started last year. Eventually, a parking garage there is to be demolished to make room for Panorama.
Mr. Hollo said this is a landmark project for him and the city.
"I’m about thrilled about it and what it does for the city," he said. "It’s an iconic project. It’s global landmark that will catapult the city to a different level."
That level will be about 41 feet above the Four Seasons Hotel & Tower, also on Brickell Avenue, which has Miami’s and Florida’s tallest building for the past 10 years.
But Mr. Hollo isn’t stopping there. His other high-rise dream — One Bayfront Plaza, slated for 100 S Biscayne Blvd. in downtown Miami — is planned to be Miami’s first "super-tall" skyscraper at 1,010 feet. That project has been on the drawing board for years, but Mr. Hollo sounded confident it also will become a reality sometime after Panorama is completed.
Regarding Panorama, Mr. Hollo declined to provide an estimate of the total development cost but said the project is fully funded.
According to online encyclopedia Wikipedia, the five tallest buildings currently in Miami are:
nThe 789-foot Four Seasons Hotel & Tower at 1435 Brickell Ave., completed in 2003.
nThe Southeast Financial Center office tower at 764 feet, completed in 1984 at 200 S Biscayne Blvd. and formerly named Wachovia Financial Center;
nMarquis Residences at 679 feet at 1100 Biscayne Blvd., completed in 2009 and the tallest all-residential building in Miami;
nThe 650-foot 900 Biscayne Blvd. condominium tower, completed in 2008.
nThe Wells Fargo Center office tower, formerly the Met 2 Financial Center, at 647 feet, completed in 2010 at 333 SE Second Ave.
Most of Miami’s high-rises are clustered along Biscayne Boulevard and Brickell Avenue. According to Wikipedia, the city now has 307 buildings defined as high-rises, including 59 that are 400 feet or taller.
The tallest buildings in Miami Beach are The Green Diamond and The Blue Diamond, 559-foot twin condo towers completed in 2000.To read the entire issue of Miami Today online, subscribe to e-MIAMI TODAY, an exact digital replica of the printed edition.