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Nearly 120 Tenants Have Now Moved Into Panorama Tower

Nearly 120 Tenants Have Now Moved Into Panorama Tower

Panorama Tower is filling up with tenants.

Fortune Development Sales, which is handling leasing in the building, says that nearly 120 tenants have now moved in since the building opened last month.

Last week, the leasing office moved into the 85-story building’s grand lobby at 1100 Brickell Bay Drive, according to a spokesperson for the developer.

In total, Panorama includes 821 luxury apartments.

One-bedrooms apartments range from 1,134 to 1,153 square feet, with prices starting from $2,525 per month. Two-bedrooms range from 1,125 to 1,630 square feet, with prices starting from $2,758 month. Three-bedrooms: Range from 2,175 to 2,191 square feet, with prices starting from $6,736 month.

 

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Anonymous
Anonymous

This building isn’t nice enough to justify the prices (finishes and amenities).. I toured a 1 bedroom and unless youre dead set on being above the 50th floor go to any other building in brickell and get a better value. Tibor Hollo is synonymous with mediocrity.

Anonymous
Anonymous

Agreed

Anonymous
Anonymous

Do you whining people see what this person said he did? He toured the place and didn’t like it and decided to look somewhere else. He didn’t moan an groan about the place and said he’ll force himself to like it and try to afford an apartment there anyway.

Anonymous
Anonymous

The layouts are super awkward also

Anonymous
Anonymous

How many Miami families can afford to pay 7K for a THREE BEDROOM. I understand that this is a luxury building and not aimed at the average family and that most of the units are not 3 bedrooms, but its just getting crazy how unrealistic developers and sellers expectations are. The average Miami family is bringing in 4K a month in income. Even if they spend 50% of their income on housing, where in Miami can you get a 3 bedroom that isn’t a shit hole for 2K other than Homestead or far SW? Amazes me.

Anonymous
Anonymous

This building wasn’t built for every Miami family.

If you’re not making enough money you can either find other housing or get a better job. There are plenty of options for your 4k family.

Anonymous
Anonymous

You speak the truth brother/sister. Comments like the one above yours are made by people who are simply jealous of the ones who can afford to live in luxury. By their reasoning there should be no expensive places and EVERYTHING should be affordable GTF out! The reason why rich people move to places that are super expensive is to get away from hounds who bitch about not been able to afford to live there.

¯\_(ツ)_/¯
¯\_(ツ)_/¯

What if this person was gender non binary?!?! HOW DARE U!!!!

Anonymous
Anonymous

Even a 3 bedroom, 1800 sf at 4-4.5k would work for many families downtown/brickell.

Anonymous
Anonymous

I don’t understand the complaint. We see buildings under construction right now in the downtown area that’s geared toward families who are able to pay apartment rents much lower than we see in this tower. Why whine about whats going on with this building?

Anonymous
Anonymous

The one and two bedroom prices are somewhat reasonable for someone making high 5 or low 6 figures. The three bedrooms are on another level with those prices.

Anonymous
Anonymous

So what?.. if you can’t afford it, don’t try to.

Anonymous
Anonymous

The question is WHY, that’s all. Why are the per square foot so much higher for their 3 bd than 2 or 1?

Anonymous
Anonymous

Why?.. because that’s the price they set.

Anonymous
Anonymous

You’re a d*ck.

Anonymous
Anonymous

“Why?” because that is the price someone is willing to pay for it. It is called Supply and Demand.

Anonymous
Anonymous

Highest floors, bayside, so best views. More balcony space too. Cheers.

Gene
Gene

I actually think there is an error in these asking prices. Author: please confirm?

Anonymous
Anonymous

Hi Gene,
There is no error I just called and asked about the prices for their 3 bedroom. It is what it is man. SMH

Anonymous
Anonymous

Here are your options:
1- Tell your commissioner you need the SAPs to say.
Some residents from Coconut Grove, the Upper East Side, and other affluent neighborhoods oppose the rezoning of the areas next to the existing Metrorail stations and Large lots in the urban core. Their excuse: Increase the population density will affect their quality of life by bringing more traffic to their neighborhoods.
In order to get those areas rezoned developers are requested to dedicate a 15 % to the units to working-class special rates and donate millions to affordable housing.
2-Many young couples are moving to the shitholes (as you call it) before they become unaffordable.
3-Do nothing and move to Homestead.

Anonymous
Anonymous

Option one further exasperates NIMBYism if fifteen percent of units are affordable/workforce/whatever housing. Yeah, ideally money should go to an affordable housing fund for building housing for everybody (not just “low-income” seniors as it usually is) in blighted areas to kickstart revitalization while tackling possible gentrification. Of course, past incidents have shown there to be a lot of fraud.

Anonymous
Anonymous

There’s plenty of affordable options in the central Miami area. “Miami families” you speak of just don’t want to live in West Little River or Gladeview.

Anonymous
Anonymous

This doesn’t make sense. LOL

Anonymous
Anonymous

How so? Sorry but people don’t have a right to live where they want if they can’t afford what the market dictates. LOL.

Anonymous
Anonymous

Yet more belly aching from people who want more than what they can afford. Let me see if I can put it in terms you will understand…. How many people can afford a Ferrari? I understand it is a luxury car and it is aimed for rich people but it is just crazy that car makers are so unrealistic that they would build such a thing and expect people to lease it! The average person is brining 4k a month, the lease alone would take 50% of their income….
Do you get how ridiculous this argument gets? Panorama is not for everyone neither are Ferraris. No one is forcing anyone to rent or lease anything. We all have free will, based on our pocket books of course.

Anonymous
Anonymous

Yet again another comment on how if you cant afford it you dont deserve it. I understand that viewpoint completely. What the original poster is saying is that if you dont have housing that is accessible economically for the people of Miami it will and already has begun to take tolls on the economy and quality of life. This comment is not aimed at Panorama but at the fact that most construction going on in Miami now is viewed from an investment standpoint and not a living standpoint. Most people in our fair city cannot afford it, and this is not good in the long run.

Anonymous
Anonymous

“Most people in our fair city cannot afford it, and this is not good in the long run”… So according to your reasoning every person in our fair city should be able to afford living by the water in a luxury building such as Panorama or others like it? Give me a break, there is plenty of housing that is more affordable just down the street. Apartments down by Coral Way, Little Havana, etc, etc, are readily available depending on your income. And just FYI you cannot buy at Panorama for investment, it is a rental luxury building that in about one or two years will be fully occupied by people who can afford it.

Anonymous
Anonymous

In case you didn’t know, developers build buildings for a profit.
Lower North Miami and North Miami Beach are still affordable and very centrally located. Soon the Trirail will connect those areas with Downtown.

Anonymous
Anonymous

How much profit ???!! Reasonable or hefty ?

Anonymous
Anonymous

who cares how much profit?who are you to say what returns a person can make while they take significant financial risk? Its a free market. If you want to cap profits then how about you cap your own income.I think you make too much.

Anonymous
Anonymous

No long ago Many many many people in Mami considered Wynwood, Little Haiti, Midtown, Downtown, etc. shit holes. A piece of advice, instead of waiting for others to solve your problems. Invest in a two bedroom house in those of shit holes places, Liberty City, Allapatah, ety, in a year or two, you will build enough equity to sell it and move to a nice 500 SF studio in a no longer-shithole area.
When I moved

Anonymous
Anonymous

when I moved to Little Haiti, all my friends started to call me ghetto George, and Guess what !!!

Anonymous
Anonymous

You never got enough equity to lose the ghetto George tag?

Anonymous
Anonymous

Apparently, $250000 in 6 years is not enough to get rid of the damn tag.

Anonymous
Anonymous

Aria on the Bay.. brand new building in front of Margaret Pace Park has a lot of units hitting the rental market.. 1,900 for 1/1.

Magazine
Magazine

I just don’t see how they fill several hundred more units, especially with the mediocre reviews that are surfacing. Yes, people will pay these prices for a superior product, but I am not sure this is a superior product. There is a lot of competition for renters – and at this price point, you are competing against some very nice, new buildings such as Brickell Heights, City Center, Bond, 1010, etc.

If the neighborhood can somehow activate the waterfront on Brickell bay drive from the Ambassador Club to south of Jade, this is a very attractive product. Now – not sure of its true competitive advantage vs. other buildings I mentioned.

Anonymous
Anonymous

The Four Ambassadors are the getto of Brickell

Gene
Gene

Why? Because it may be more affordable? Did you mean slum because a ghetto usually means a neighborhood of similar demographic type. Ive never seen a bag of trash come out of a window there. Now, that would be a slum.

Anonymous
Anonymous

It’s a slum because people put towels and other items to dry on the windows and it’s a getto because it’s like a Brazilian-Colombian neighborhood of people that have dogs but don’t pick up after they poop!!😐

Anonymous
Anonymous

Well said, I show there to renters all the time. It attracts people who want to live in Brickell but really cannot afford it. Maybe 1 out of 5 people will take it but I have never had someone who stayed longer than a year. The complaints are many, from having plumbing problems to water coming in through the windows when it rains, to being able to hear what your neighbor is doing next door. It will be a great day when a developer demolishes them and puts something beautiful in its place, the location is too good to leave it the way it is.

Anonymous
Anonymous

“The Four Ambassadors are the ghetto of Brickell” LOL OMG THATS PETTY

Polo
Polo

This tower look like the monolith in the “2001 A Space Odyssey” movie, specially from Miami Beach.

Anonymous
Anonymous

Why are 3 bedrooms always ridiculously overpriced compared to 2 bedrooms?

Anonymous
Anonymous

Square Station rental buidling in the Melo district.

Anonymous
Anonymous

HIGH DEMAND!!!!!

Anonymous
Anonymous

There aren’t a ton of TRUE 3-bedroom options in Brickell. Most are really 2+den or have the den converted to the 3rd bedroom. These are real 3 bedrooms.

Anonymous
Anonymous

The price for the 3 bedroom is a crazy price compared to the other high end buildings here in Brickell. You can get a great 3 bedroom in the $5000 price range in the new buildings. Granted the sq footage is more in the 1800 sq foot range, but that’s a significant difference.

Anonymous
Anonymous

So it’s a ghost town ??! Lmao

Anonymous
Anonymous

That’s a pretty large gap between 2 and 3 bedrooms. If it’s true, and not a type/error, it’s a shame, because 3 bedrooms in the 1800 +/- are the sweet spot for young families.

Anonymous
Anonymous

You are kidding right.. a young avg family in a luxury tower?? keep dreaming.

Anonymous
Anonymous

Plenty of young families can afford 4-5k a month in rent.

Anonymous
Anonymous

Median household income in South Florida is $50-60K/year.

Anonymous
Anonymous

Half above, half below.

Anonymous
Anonymous

Half above includes $61K and up. You’d need to be making around 200,000K to properly afford that much rent.

Anonymous
Anonymous

Isn’t Panorama Tower the tallest residential building south of Manhattan?
Isn’t Panorama located in Brickell?
Thank you.
There are other areas downtown where you can live for way less money and enjoy similar views and benefits, including getting rid of at least one car payment per household.

Gringo
Gringo

There are many ppl making lots of money out there..high costs act like a security system for the affluent who flock to these areas, they feel safe within daily life. If your visiting Brickell from outside, you come proper which helps the area more…

Dan The Man
Dan The Man

I am just confused on how the prices of the one bedroom here is cheaper than the one bedroom at Icon Las Olas in Fort Lauderdale. Is it due to the fact that downtown Miami has more apartments available?

Anonymous
Anonymous

Demand. Simply put the Las Olas area is generating more high end demand in south Florida than any other submarket. Lots of residents moving there from out of state–significantly less supply than Miami markets (although that is changing) – less traffic, lots less traffic-fewer tourists running around etcetera etcetera–average resident salary in Icon Las Olas is over $200K—

Anonymous
Anonymous

Wow love those views!!!!
If I could afford it, I”d pay the price.
But I”m down on the 10th floor…Another bldg.