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Strong Demand: Over 400 Apartments Leased At Panorama Tower In Just Six Months

Strong Demand: Over 400 Apartments Leased At Panorama Tower In Just Six Months

Demand for apartments at Brickell’s 85-story Panorama Tower has been very strong since the building opened six months ago.

More than half of the building’s 821 units are now leased, developer Florida East Coast Realty and leasing agent Fortune Development Sales announced yesterday.

Panorama welcomed its first residential tenants in June.

Amenities include private wine and dining rooms, three private movie theaters and a bayview yoga/pilates studio.

Also being introduced as a new amenity to residents is the Panorama Tower Beach Shuttle, which will transport residents to Key Biscayne’s Crandon Park Beach. It will operate twice daily on Saturdays and Sundays. Departures from Panorama Tower are at 9 a.m. and noon, while departures from Crandon Park Beach parking lot #1 are at 12:30 p.m. and 4 p.m.

Panorama is the tallest building in Florida at 868 feet above ground. Other components to the tower include a 208-room Hyatt Centric hotel, 100,000 square feet of office space, and 50,000 square feet of retail.

 

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Anonymous
Anonymous

Nice picture. Does well to hide the fact that this is an ugly building.

Anonymous
Anonymous

I’ve seen uglier buildings, particularly those by Arquitectonica

Anonymous
Anonymous

At least it’s better than Four Seasons, and hopefully something else, maybe a certain tower by the same developer, will surpass it as Miami’s tallest soon.

wait
wait

Um the Four Seasons is beautiful, and actually iconic.

Anonymous
Anonymous

Four Seasons has 20ft Botero scultures and amazing water features, Panorama has 3ft Britos and LED Light features bought from eBay.

Anonymous
Anonymous

It’s a box everybody hated until Panorama was finished, so I don’t know what you’re talking about

Anonymous
Anonymous

“Everyone”???
It is an amazing building

JoeMiami
JoeMiami

Highly doubt the accuracy of this, it would be good to know the details. 400 apartments rented in 6 months is almost 3 per day which seems like a lot. Are these typical (1 year Leases) or Monthly leases or Daily? They are definitely priced above market rates, have a lot of extra fees and the finishes are not great which is why this is questionable…

Anonymous
Anonymous

I agree with you

Anonymous
Anonymous

Good news for the demand of rental apartments in Miami. But sorry this building is crap and overpriced, saw it and will never move in there as planned before.

Anonymous
Anonymous

The rental market in Miami is way over priced… as always

Anonymous
Anonymous

So says the Anonymous economist..
Nobody moves to Miami anymore, it’s too crowded.

Anonymous
Anonymous

Please.. you wanna see crowded?.. check out Tokyo or Mexico city.

Anonymous
Anonymous

Okay…so you don’t get the humor or economics.
So, this guy says, the prices are too high…
If there were a modicum of truth to that, the demand would go down, and the prices wouldn’t keep going up.

IF Miami was so “way overpriced” then the population (especially Brickell) would not keep growing at such a rapid rate.

Your conclusion should be that, Miami is NOT overpriced to the people that keep moving here.

Yogi Berra said this about a restaurant, “Nobody goes there anymore, it’s too crowded”. Get it?!?!

Azarius
Azarius

Research shows more that 60% can’t afford to live in Miami ….Miami is thriving through tourism and perceptions. More are moving to the city but it’s not because it’s affordable it’s cause they are rich and fleeing the cold congested north.

Anonymous
Anonymous

Okay, I’ll try to be really brief.

See how you constructed your last sentence:

Yogi Berra said this about a restaurant, “Nobody goes there anymore, it’s too crowded”. (actually the period belongs inside the quotation marks). Now, your sentence leaves no doubt or confusion to it’s meaning. Now let’s look at the other comment that you said I don’t get:

So says the Anonymous economist..
Nobody moves to Miami anymore, it’s too crowded.

See the difference? No quotation marks to tie in what he’s talking about and why he’s making a mockery of what another anonymous said. Get it!!!

Anonymous
Anonymous

somewhat heartening that local economy is starting to add a sufficient number of good (or goodish) jobs that can support rental buildings like this

Anonymous
Anonymous

Maybe, but could also just be switching. No comment in this article about overall vacancy levels.

Anonymous
Anonymous

Either their rent is high or their screening process is intense.

Anonymous
Anonymous

Rent is high. I have a friend who works there, but she says the amenities sell it.

Anonymous
Anonymous

But will they keep up the amenities.

Anonymous
Anonymous

Or they achieved their Certificate of Occupancy in select floors, and they are unable to lease up those floors even if they wanted to.
No developer moves in 800 apts in month or probably even a year.

Anonymous
Anonymous

With respect to the Panorama Tower Beach Shuttle, Crandon Park is on Key Biscayne, not Virginia Key.

Felipe
Felipe

FAKE NEWS. rent it’s $2600 for a 1/1…
Only 1% of people in Miami can afford their prices.
Building is empty!!!

Anonymous
Anonymous

#1. It isn’t empty
#2. The population of Miami is 463,347. If “only 1%” can afford it, the 4,633 people are more than enough to rent the 800+ apartments.

Living in Panorama!
Living in Panorama!

I live in the building and there’s no more than 30% rented at the best! On my floor they are 3 rented out of 11, and I have two friends living om different floors: one has 2 unit rented and the other 3 also! Most of the 3B are empty. The 2B are very popular.
1B prices are ranging from $1,900 to almost $3,000 depending on the floor. 2B from $2,900 to $4,200 and 3B starting at $5,500 to over $7,000. The pool is by far the most ugly I’ve ever seen! I’m moving out in a few months they are a lot of issues in the building especially with the parking where we have a massive amount of people outside of the building using the valet and all the students from the school next door. Soon the parking will be full and it won’t be possible to park since wherever there’s a free spot!

Anonymous
Anonymous

First, they say, “These massive towers will never be filled. Everyone is stupid.”

Then, when they fill up, “It must be a lie, I don’t believe it.”

How long until people will believe that A LOT of people want to live in an urban neighborhood, where you can walk to work, restaurants, and the condos/apartment of all your other friends that are looking for the same thing…

Re: affordability, the question is affordable for who? Are these affordable for the majority of Dade County residents, no. Does that mean that there isn’t demand for them? Absolutely not. Does that mean that we don’t need to do more in other places to address affordability? HELL NO! But that’s a whole other discussion…