Villa Magna Developers Want To Build 1000-Foot Tower

The developers behind Brickell’s Villa Magna are looking to increase the height of the massive project.

Tibor Hollo and former LA Dodgers owner Frank McCourt are partnering on the development, together with New York’s Corigin Real Estate Group.

Yesterday, the developers submitted plans to the FAA to build a project that is 995 feet above ground, or 1000 feet above sea level. It is scheduled to break ground on December 1, according to the application (although that date is likely to change).

Hollo received approval from the FAA in 2005 to build a twin-tower project on the site that reached 784 feet above ground, but the approval expired in 2008 after the agency denied an extension request. In the 2005 approval, officials wrote that Villa Magna would have no greater impact on air traffic at MIA than the Southeast Financial Center (at 797 feet above sea level) or the Four Seasons Tower (at 849 feet above sea level.)

Hollo obtained a MUSP from the city in 2004 to build a 787-unit project on the site at 1201 Brickell Bay Drive, along with 32,950 square feet of retail space and 1,520 parking spaces. City officials say they haven’t received a request to modify the MUSP yet.

The Villa Magna lot is currently being used as a parking lot for 1101 Brickell office tower while Hollo builds Panorama Tower.

 

 

An older rendering:

21 Comments
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Anonymous
5 years ago

Would like to see a similar tower like Q1 building From Australia

BrickellB
5 years ago

Yes! This is going to be the project that sells so fast it puts the naysayers about this neighborhood to shame!

Anonymous
5 years ago

Equate the naysayers on this site with shame?….you’re really underestimating the level of their negativity BrickellB.

Anonymous
5 years ago

Hope the new design is not a square box like all other projects.

Anonymous
5 years ago

I agree. I hope we’ll see a new design for Villa Magna because the old one is pretty boring.

miami1
5 years ago

Something iconic, a signature building, is needed for this lot. Its bay front location could define Miami’s skyline forever, for good or worse.

Anonymous
5 years ago

Ha, wait till that skyrise crap gets built, that thing is going to make Miami’s skyline look comical.

Marc305
5 years ago

I hope the design changes as well, as it is, right now most of the views are going to be of The Mark on the North, Jade on the South, and of each other if you are in the center, not a good feature when you are building on one of the last lots that is actually on the bay.

Kramer
5 years ago

In my opinion anyone would be foolish to purchase a condo from Tibor Hollo. Ask the owners of his Opera Tower.

Oscar
5 years ago

What do you mean? I live next door to the Opera and am curious. I haven’t really heard anything… yet.

Anonymous
5 years ago

How are they going to break ground on December 1 when they need that land to park for their other project up the street?

Anonymous
5 years ago

The garage for Panorama should be completed by then. They could utilize it while finishing the tower, as was done for Whole Foods in Met 3

Anonymous
5 years ago

Of course, it just seems like an impossible timeline to complete and TCO a 20 story parking garage.

Anonymous
5 years ago

You think? A section of the garage is already on the 6th level since they poured the concrete 2 months ago. Anyways maybe early 2016 is more realistic, as long as it happens in the next 12 months

Anonymous
5 years ago

Hollo is infamous for missing groundbreaking schedules.

Isn’t One Biscayne suppose to be breaking ground soon?

wpolom
5 years ago

I hope they built something iconic, but probably it will look closer to the older rendering.

Anonymous
5 years ago

I hope Mr. Holo builds something nice. That property deserves something iconic. The Club (built by him across the street in the last cycle) is one of the ugliest buildings in Miami.

Anonymous
5 years ago

wow, this will absolutely DESTROY the value of the area. I live next door at the Mark and it already WWAAYYY too congested as it is. If this goes through I’m selling my condo for sure.

Anonymous
5 years ago

So you’re saying that the area is “WWAAYYY too congested as it is” but value wise, things are just fine, but if this condo project gets built in that (as you put it) “already WWAAYYY too congested area” then suddenly the value of said area will plummette to the point of being almost worthless?

That’s some astonishing logic you got going there.

marc
5 years ago

There’s lots of that around these parts.

Anonymous
5 years ago

If more people in Brickell who lived there WALKED just a little more than there wouldn’t be so much congestion. And you choose to live in the city so what else did you expect ?