First Resident Moves Into Panorama Tower, Florida’s Tallest

Over 1,000 new residents are about to move into Brickell, after Florida’s tallest tower opened to residents yesterday.

Panorama Tower was granted a TCO from city building officials, and the first resident moved in yesterday, according to a social media account operated by the developer.

There are 821 rental apartments in the building.

Rising 85-stories and 868 feet, Panorama is the tallest tower ever built in Florida.

 

 

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Anonymous

Ok so people are complaining about this being a rental. So which do you rather expensive condos rich people only live in twice a year? Or a rental that maybe you can live in without having to be rich that you can live in all year? I don’t understand why the hell are you complaining about!

Anonymous

Actually, more rich people buildings are needed in Brickell to attract wealthy business people who don’t want to live next to 500 (or 800) of their closest friends, or a beach with sea level issues. Brickell doesn’t have a lot of luxury product inventory (fine finishes, great architect/ID, boutique # of units).

That said, the rents at Panorama are as high as some of the rentals at the expensive condos for rich people…

Just saying…

Anonymous

Have you seen Brickell when it floods? We need the rich people to pay the taxes for infrastructure to mitigate flooding, or as some put it, sea level rise. The issue is people in Miami Beach are fighting against it, until another flood comes and this time, costs millions in property damage.

Miami Hurricane

I see your point, but there are a few flaws. By that logic, corporate tax trumps individual lux property tax and brings more hard traffic. Taxable corporate income is then accelerated by a dense downtown workforce as well as commuters. That will also attract federal subsidies for problematic infrastructure.

Also the location still operates as a taxable property, so the delta on tax revenue versus a mega luxury building is negligible.

Tony

I just rented a unit there for my client.. The cheapest unit is 2500/month… My client got a 2/2 on the 66th floor for 4k a month.. Poor people are NOT moving here.. Its built for the well off

Anonymous

Corp tax??
Real estate taxes are the same whethep

Anonymous

Yes. It does so very rarely, and lasts for a few hours.
Once a year or less.

Anonymous

wtf, dude only the rich are going to rent this, just like only the rich were gonna buy a condo. wake up, rich renters rich leasers rich owners whats the difference? youll never afford it

Anonymous

What does “rich” mean?

Anonymous

this is one of the ugliest buildings in Brickell…out of quite a few…should be called The Wall. Turkish, argentineans, and chinese have to come up w much better buildings…

Anonymous

A lot of people say Picasso’s paintings are ugly… but could they really afford one?

Anonymous

The Club at Brickell Bay, Tibor Hollo’s other building in Brickrll, is worse. At least PNorama has glass balconies instead of those nasty aluminum railings.

Anonymous

Did anyone see the finished apartments yet?

Tony

Yes, they’re pretty nice with Bosch Appliances… Not overdone and not too basic either. They made them a really good size too.. Its all ready for the condo conversion sales in a few years…

Anonymous

thx!

Anonymous

Yes. They are good. Not great. Bottom tier Bosch is good, the laminate flooring is horrible. The fixtures are okay. They are renting upper floors at $3.50 per sq ft. There are several building with MUCH higher finishes for less.

Anonymous

thx!

Anonymous

Honored to be the first tenant at this amazing building! Sad to read the negative comments. I busted my ass to get to this level.

Anonymous

SAD!

Anonymous

How many times are they going to point out that it’s the tallest building in Florida? As if that’s a big deal, there is a tower being built that’s 3,000ft yet we haven’t even reached 900ft.

Anonymous

Ya’know, I was going to point out the same thing, but decided not to. I feel like you, BIG DEAL!.. the Okan Tower (if built) will easily pass this building in height.

Anonymous

go back to new york dude

Anonymous

Gee, you’re really sensitive aren’t you?

Anonymous

This building is hideous and it will get trashed in approximately 36 months from the renters. Just look at all the buildings with a lot of rentals in front of Pace Park.

Anonymous

Yeah, I can just imagine what all those section eight renters on welfare are going to do to this building in 36 months.

Shesshh, go back to bed.

Anonymous

You go to bed you spoiled brat

Tony

Renters paying 4k a month arent trashing the building.. They’re also forced to have renters insurance

Anonymous

Wow, look at the middle finger the building’s base gave to the street experience.

Anonymous

Um, yeah man, thanks for that, your observations are truly astonishing.

Anonymous

Well, do you agree or not?

Anonymous

If I’m experiencing the streets in the area, my mind and eyes are focusing on what’s there to visit, see, and enjoy at ground level, not wondering if some “building” is trying to insult me.

mondocondo

So you’re not wondering when you’re walking on the narrow sidewalk a few feet from a colorless, formless 120′ high concrete podium wall, blocking the light, trapping you close against the busy Brickell Bay Drive traffic? What exactly will your mind and eye be focusing on then? What will you be experiencing? I’d be thinking about the other side of the street. Cheers

Anonymous

Pick a different street with a lot of light.. don’t make life so hard.

Anonymous

Wondering what mondocondo? Yeah, I certainly would be wondering what that hot chick walking towards me would like in my pad with no clothes on. And if the action is better on the other side of the street, then yeah, that’s where I’m headed.

Anonymous

I’d rather walk 50 yards to the east on the Bayfront than on Brickell Bay Dr. Who cares about “the pedestrian experience” except some nutty professor and the zombies who think that commenting on “the pedestrian experience” makes them sound smart.

mondocondo

Absolutely right. That’s because Tibor was able to get the project built with a decade old approval under the prior building code. Miami 21 be damned. Maybe someday the city will start applying its fancy “new urbanism” building code, but in the meantime Tibor gets a pass on all his projects. Cheers.

Anonymous

You sound jealous because you don’t have Tibor Hollo money.

Anonymous

U r the type that always respondes with this phrase.’ You’ are jelous of everyone else…

Anonymous

Hey dude, you can type out “you are” on this site. You don’t have to act like you’re texting to someone and have to be aware of how many characters you’re using.

Magazine

For the life of me, I just don’t understand how this made sense as a rental building. If you took every person living in Brickell and moved them in here, it wouldn’t fill it to occupancy. I question how the upkeep of this building will go as a rental, and the amenities, will likely be stressed to the max. Just look at that pool for 1,000 people.

Anonymous

Whoever you are, you need to really get out of that small town mentality.

Magazine

Right. I mean, I lived in NYC for 15 years and now work 50 feet from this building. I actually like the project. But if I am a developer in Miami, I question whether the market can absorb several hundred additional apartments that will rent in the $2500-$4500 price range. With a rental buidling, you essentially remove the possibility of demand from foreigners. I really don’t care one way or another, I just thought given the prime location, a luxury condo buidling would have been easier to sell that rentals.

Anonymous

I think most rich foreigner would rather buy.. they have cash and don’t have to apply for a mortgage.

Anonymous

Magazine, you do realize that this building includes amenities from a movie theater all the way down to it’s own restaurants, don’t you? Literally, once inside you practically don’t have to leave this building for anything and that justifies the $2500 – $4500 price range.

Anonymous

Nope, not when you can walk a block away to a legit movie theater in BCC.

The ‘music room’ for example at Panorama is just a room, with no instruments, nada. You can just go in there and ‘jam’ – just a PR stunt.

Certainly the gym won’t be better than Equinox, much less LA Fitness in MBV.

Anonymous

Dude, you sound like a person who drives a Mercedes Benz complaining to his friend about his Lexus while riding on the passenger side. Both cars have a stereo radio with CD player, air conditioning and heat, electric seats and windows, and gets you from point A to point B in comfort.

I’m not paying at least $2500 a month in a building that has it’s own theater and fitness room and not use it because there are bigger ones down the street.

Anonymous

The point was one wouldn’t pay a premium because there is a “move theater” in a resi rental building when one can go to a much better theater a block away. In other words the theater amenity example doesn’t justify the higher rent.

Anonymous

People who have the money pay for things you or I wouldn’t dream of spending that amount on because we don’t have it. Don’t knock em, just keep trying to get on their level.

Anonymous

Disagree, just because you ‘have it’ doesn’t mean you will spend it, this is why those who ‘have it’ often ‘have it’ while every receptionist in Miami leases a BMW…

Anonymous

You are clearly not a developer.
Nor a demographer, or that thoughtful.
You wrote, “If you took every person living in Brickell and moved them in here, it wouldn’t fill it to occupancy.”
Really? 34,000 people in Brickell, and they wouldn’t fill an 821 unit rental building?

Anonymous

Educate yourself.

Anonymous

Go back to old articles – most people never believed rentals would work at Panorama and thought the intention of the developer was to convert to condos.

I am sure the views are great, but what do the finishes and floorplans look like? Tibor has classically been known to deliver cheap product i.e. Club at Brickell, Opera Tower…essentially renter/frathouse/roommate cess pools.

Anonymous

It is likely this was brought to market as rentals as the only way TH was able to get a construction loan was to do it this way… time will tell.

mondocondo

Owning the land for basically nothing helps. His rents are aggressive. Who knows what he values the hotel for. Cheers

Anonymous

You don’t understand.