Miami Condo Market and Lifestyle Updates
Upcoming Condo Project First Under New EB-5 Immigration Policy

Upcoming Condo Project First Under New EB-5 Immigration Policy

by Sep Niakan | December 19, 2014

In light of the new immigration policies, Tibor Hollo has been the first to have a project approved for the EB-5 program under the City of Miami’s new Regional Center for Foreign Investment program.

Hollo’s project, Panorama Tower, will be the tallest residential tower on the eastern seaboard south of New York. The 83-story project will be located at 1101 Brickell Avenue, and will cost approximately $800 million.

The EB-5 program, which allows for immigrants to get a visa if they invest $500,000 in approved projects and create 10 jobs, is approving this project because of the projected creation of 1,300 construction jobs, 192 needed managers, 800 resident employees, and 220 visiting students to the city.

Panorama Tower itself will include a 19-story pedestal, which will have over 100,000 square-feet of office space, a 2,000 space parking garage, a 208-unit hotel, and over 50,000 square-feet of retail and restaurant space. Above the pedestal, there will be 64 floors containing 821 apartments.

The project’s completion date is said to be in early 2018.



Photo credit: Panorama Tower

Recent posts


7 Must-Do Pre-Halloween Events

by Sep Niakan | October 13, 2016

I know Halloween’s around the corner and it’s a given it will be the highlight of everyone’s social calendar. Miami’s Fall calendar is full of exciting events and here’s the low-down on how you can enjoy the run up to...

Real Estate News

With Approved 960-Foot Brickell Market Place, a Headache for Brickell Heights?

by Sep Niakan | September 27, 2016

Claro Development’s latest at 10 SW 8th Street is going to be a tall order, literally! Fresh-approved by the FAA, the Brickell Market Place is set to rise up to 954 feet above ground, or 960 feet above sea level. Approved after a seven-month...

Real Estate News

An Edgewater Miami Hotel Joins the Micro-unit “Tiny Homes” Trend

by Sep Niakan | September 26, 2016

Come year-end, Miami’s Edgewater neighborhood will be home to one of Best Western International’s first boutique hotel brand offerings - Vib. Best Western’s chosen only 20 key urban markets (including Miami) across North America to...

Real Estate News

Skyrise Miami: Future Tourist Destination and Hard Pill to Swallow for Miami Locals

by Sep Niakan | September 23, 2016

The Berkowitz Development Group, describes SkyRise as their “abstract version of the Statue of Liberty”. Approved in 2014, this R-shaped structure is being built in tandem with the revitalization of Bayside Marketplace. The tower will be...