Sylmar-California-based Tutor Perini Building Corp., has been selected as the general contractor and has signed a contract with Florida East Coast Realty, valued at approximately $255 million for construction of the Panorama Tower at 1101 Brickell Avenue in Miami, Florida.
Panorama Tower is a planned condominium skyscraper that was originally approved by the City of Miami and the FAA in 2006 but was put on hold due to the Great Recession. Tibor Hollo, chairman and president of Florida East Coast Realty – the project’s owner – revived his plan in 2012, with significant usage and height adjustments. Moshe Cosicher, the in-house architect at Hollo’s company, is now the project architect, replacing Kobi Karp.
Hollo’s other Miami projects are 2020 Ponce, a Class-A, office condominium in Coral Gables, Bay Parc Plaza, Venetia/The Grand, Biscayne Bay Marriott Hotel and Marina, Plaza Venetia, Flamingo Plaza, Vizcaya Towers, 888 Brickell Avenue and several other major high-rise residential and mixed-use buildings
The 82-story Panorama Tower will feature 821 luxury rental apartments, a 250-room hotel, 80,000 square feet of retail space, 40,000 square feet of office space, and a 13-story 1,500-space parking garage. The entire Panorama Tower development will comprise approximately 2.6 million square feet. The tower will also include a recreation deck with several pools, a fully equipped fitness area, a pool deck restaurant, and two social rooms.
Pre-construction work began in January of this year. Construction is expected to start this month with substantial completion expected in late 2017.