Tibor Hollo and Family Celebrate Grand Opening Of 'Tibor and Sheila Hollo Park" in Brickell

Tibor and Sheila Hollo have celebrated the opening of the coveted 35,500 square foot park that so many urban Miamians have grown to love and enjoy with their families. Located at 1814 Brickell Avenue, the heavily landscaped park includes enhanced playground equipment, shade structures, beautiful views, decorative fencing, modern lighting, meditation benches, and a dog park. The park also features a memorial created from one of the last remaining steel beams unearthed from the ruins of the World Trade Center.

A ceremony took place on Monday, May 1st at 11 a.m., including the Hollo family, friends, and team members. Dignitaries from the City of Miami and Miami-Dade County officially honored Tibor and Sheila Hollo as another example of the vast amount of time and resources that they have invested in the redevelopment of the Brickell corridor. Representative Carlos Gimenez recognized Mr. and Mrs. Hollo with a key to the city and a proclamation, stating that May 1st is now “Tibor and Sheila Hollo Day” in Brickell.

“We love the vibrant Brickell area and the hustle-bustle of its live-work-play environment, but there is always room for a restful, quiet greenspace for the public to enjoy,” said Sheila Hollo, philanthropist, community leader, mother, and grandmother.

In 2014, the Tibor and Sheila Hollo Charitable Foundation donated the funds necessary to acquire the land and pay for park improvements. Former City of Miami Commissioner Marc Sarnoff pushed to get the park redesigned and constructed for the Brickell community at the time.

The Hollo family, founders of Florida East Coast Realty (FECR), were early visionaries of the redevelopment of Brickell, Downtown Miami, and the Omni District. Founded over 60 years ago by Tibor Hollo, Florida East Coast Realty (FECR) has built more than 60 million square feet of construction, consisting of landmark residential and commercial high-rises, single-family homes, government buildings, marinas, high-end retail centers, warehouse complexes, and telecommunications centers. The company has developed, owned, and managed a wide array of properties, with sustained growth in multiple real estate sectors. With new ideas and ambitious projects on the drawing board, the Hollo family and the entire FECR team are eager and ready to continue innovating, pushing boundaries, and reshaping the Miami skyline for many years to come.

Florida East Coast Realty Sells Brickell Waterfront Development Site For Record $363 Million In Mega-Deal

Florida East Coast Realty has sold a 2.5 acre prime waterfront development site in Miami’s Brickell Financial District in a mega-deal for a record $363 million. The transaction breaks the previous record set when the former 14-acre Miami Herald site in Downtown Miami sold for $236 million to Genting Group. The buyer, an entity managed by the Chicago-based Randall Davis, paid roughly $145 million per acre, $3,340 PSF dirt value, for the site which is located at 1201 Brickell Bay Drive. Florida East Coast Realty, which is led by Tibor Hollo and family, acquired the site in 2000 for $15.5 million and revealed plans for a 1,049-foot, 660 unit supertall tower designed by Pritzker Prize-winning architect Norman Foster of Foster + Partners.

Florida East Coast Realty On Track To Begin Construction On KPF-Designed Supertall One Bayfront Plaza In Early 2019

Miami is set to get its first supertall in the fast emerging Downtown neighborhood, as Tibor Hollo's Florida East Coast Realty is gearing up to begin construction on the 1,049', 92-story, Kohn Pedersen Fox (KPF)-designed One Bayfront Plaza in 2019. Demolition of an existing office building on the current site is scheduled for the first half of 2019. The tower will reportedly be grandfathered into old Miami zoning codes, allowing Florida East Coast Realty to avoid the 30,000 SF floorplate limit under Miami 21 and build at 36,000 SF floorplates, making the office space more attractive compared to other offerings on the market. The 1,049' design by KPF maximized the height approved by the FAA. One Bayfront Plaza will feature 902 apartments, 200 hotel rooms, 532,000 SF of Class A Office Space, 103,959 SF of retail, pedestrian bridge to the metromover and 1,055 parking spaces. The residences and hotel will feature a sky recreation deck which will have 2 pools, one being for residents and one for hotel guests. There will also be another amenity deck on the 40th floor. One Bayfront Plaza is expected to be delivered in mid to late 2022. 

Construction Update: Panorama Tower Passes Four Seasons Miami, Becomes Tallest Building in Florida

Panorama Tower from Tibor Hollo's Florida East Coast Realty has passed The Four Seasons Miami as the tallest building in both Miami and in the state of Florida. Construction has passed the 85th floor. Top-off will be around 843 feet, 868 with the antenna. The Four Seasons Miami is 789 feet. Construction costs for Panorama Tower are expected to be around $800 million and it will have a total gross floor area around 2,600,000. The building includes 821 residential apartment units, a 208-room Hyatt Centric hotel, resort style pool deck, a pet daycare, wine room, private dining room, three movie theaters, electric car-charging stations, 50,000 square feet of high-end retail space, and 100,000 square feet of office/ medical space. Panorama Tower was designed by Moshe Cosicher and the interior design concept is by Zyscovich Architects.  

Tibor Hollo to Break Ground on 92-Story One Bayfront Plaza in January 2019

Tibor Hollo's Florida East Coast Realty expects to break ground on the 1,049 foot, 92-story One Bayfront Plaza in January 2019 with completion is expected at some point in mid to late 2022. The 1,049 foot design by architectual firm Kohn Pedersen Fox will maximize the height approved by the FAA. One Bayfront Plaza will feature 902 apartments, 200 hotel rooms, 532,000 SF of Class A Office Space, 103,959 SF of retail, pedestrian bridge to the metromover and 1,055 parking spaces. The residences and hotel will feature a sky recreation deck which will have 2 pools, one being for residents and one for hotel guests. There will also be another amenity deck on the 40th floor. Check out our coverage of One Bayfront Plaza's New Renderings, new plan submission, and application to the FAA to increase height.

One Bayfront Plaza Plans Submitted by Tibor Hollo

Plans for One Bayfront Plaza have been submitted for review for the 92-story, 1049-foot tower. Tibor Hollo had filed in September to raise the permitted height to 1,044-feet from the original approved 1,005-feet. The updated plans show the tower will feature 902 apartments, 200 hotel rooms, 532,000 SF of Class A Office Space, 103,959 SF of lower level retail, a pedestrian bridge to the Metromover, and 1,055 parking spaces. One Bayfront Plaza will be designed by architect Kohn Pedersen Fox. Demolition of existing buildings could begin in 2019 and construction could be completed by 2023.