FECR Moves Forward With One Bayfront Plaza
LEED certified building will be tallest in Miami and will feature fastest high-speed elevators in th
MIAMI, FL, August 20, 2008. Site activity is now underway at One Bayfront Plaza, announced Florida East Coast Realty, Inc. (FECR). Borings have been completed on the $2 billion development in downtown Miami that will comprise a 70-story mixed-use tower. At 1,049 feet, the One Bayfront Plaza tower is poised to be the tallest building in Miami. Adjacent will be a 43-story hotel, the first to be built north of the Miami River in 25 years. Together, the project will total 4 million square feet.
According to FECR's construction manager Alan Krause, the findings are being evaluated to determine the proper foundation for the site. When that process is complete, Terra Architecture's design process can proceed. The property is to break ground in 2012 and should take approximately four years to build.
"We're working diligently to determine the threshold for the base structure by first drilling into the subgrade," Krause said. "The final design schematic will be the byproduct of that and we plan to continue to make steady progress on what will be Miami's most prestigious office tower."
The towers will be located at 100 South Biscayne Blvd. directly across from Bayfront Park and one block from the entrance to I-95, and will overlook Biscayne Bay and the park. A pedestrian bridge is being planned that will link directly to the Metromover station on Biscayne Boulevard. When built, One Bayfront Plaza will yield two million square feet of premier class A office space for lease and 112,000 square feet of retail space. The four-star convention hotel will house 850 rooms and 120,000 square feet of exhibition and banquet facilities. There will also be a 2,500 car parking garage.
Unique to the project will be its steel structure with fluid dampers to absorb wind gusts. FECR is pursuing Silver level LEED certification for the buildings. One Bayfront Plaza will also feature the fastest high-speed elevators in the country, ascending at a rate of 2,000 feet per minute.
"State-of-the-art, truly green buildings are emblematic of the future of this forward-thinking city," said Tibor Hollo, Miami business and community leader and FECR company chairman and president. "One Bayfront Plaza will be a signature building that will rival NYC landmarks and set a new standard for development in Miami."
FECR was founded 55 years ago and is now co-managed by Hollo's two sons, Jerome and Wayne. Since inception, FECR has built over 55 million square feet of landmark residential, commercial, industrial, and governmental properties and marinas. FECR is currently developing 2020 Ponce, a premier office condominium in downtown Coral Gables, and has recently completed and closed the luxury condominium Opera Tower.
FECR is headquartered at 100 South Biscayne Blvd, Suite 900, Miami, FL 33131. Tel: (305) 358-7710. For more information, visit www.fecr.com.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
