The developers and builders of some of Miami’s tallest towers are being sued for damage allegedly caused to two neighboring Brickell condo buildings.
Everest National Insurance Company, on behalf of the 1060 Brickell Condo Association, filed a lawsuit in Miami-Dade County Circuit Court against Florida East Coast Realty, Tutor Perini Building Corp., Key International, Moss & Associates, Rilea Group Realty and Coastal Construction Group of South Florida for significant damage to 1060 and 1050 Brickell due to the construction of Panorama Tower, 1010 Brickell and the Bond.
In all, construction of FECR’s Panorama and Rilea Group’s the Bond, which both began in early 2014, and of Key International’s 1010 Brickell, which broke ground in September of that year, allegedly damaged the facade, balconies, railings and building components, a portion of the trellis near the pool deck, the roof and cooling tower of the property at 1050 and 1060 Brickell Avenue, according to the suit.
The condo association’s policy with Everest ran from March 1, 2015 to May 1, 2016, the suit said.
Everest claims that the condo association received complaints from residents about debris, and cement and paint splatter, and that residents lost the use of their balconies. The association had to replace the roof of one of the buildings due to damage from debris impact. The association also alleges that about 45 pounds of dust and cement debris collected in one of the building’s cooling towers, clogging the filter.
On April 24, Everest made an undisclosed payment to the 1060 Brickell condo association to perform remediation to the properties caused by the loss, according to the suit.
Panorama, an 85-story mixed-use tower with apartments, a hotel and commercial space, opened at 1100 Brickell Bay Drive earlier this year. Tutor Perini handled construction.
The Bond, a 44-story, 328-unit condo tower at 1080 Brickell Avenue,opened in April 2017 and was built by Coastal Construction. And Key International and 13th Floor Investments opened 1010 Brickell, a 50-story, 389-unit condo tower at 1010 Brickell Avenue, in August. Moss & Associates was the general contractor.
The lawsuit claims that the developers and general contractors “owed a duty to adjacent property owners and residents … to ensure the development and construction” of the buildings “was within the standard of care for real estate developers under the same or similar circumstances.”
In a statement provided to The Real Deal, Bruce Moldow, executive vice president and chief legal officer of Moss, said, “We believe Moss has no liability in this situation and we will defend the case vigorously.”
Coastal vice president Dan Whiteman said the company does not comment on pending litigation.
FECR, Tutor Perini, Key International and Rilea Group did not immediately respond to requests for comment.
A number of developers have been sued this cycle by neighboring condo associations alleging damage from construction, including Biscayne Beach and Porsche Design Tower.
Source: The Real Deal
Future tenants of Brickell’s mammoth Panorama Tower are a little closer to being able to look down on the rest of Miami.
Developer Tibor Hollo’s Florida East Coast Realty is celebrating the topping-off of its 830-foot luxury rental tower at 1101 Brickell Ave.. The ceremony is a customary way for builders to commemorate the completion of the top floor of a new structure.
At 85 stories, Panorama Tower will be the tallest building in Florida and the tallest residential building south of Manhattan, according to the developer. The tower will house 821 apartments, ranging in size from one to three bedrooms and starting at 1,135 square feet., along with a sick array of amenities, including a lap pool, sun deck, weight room, pet groomer and a serenity pool for when you’re stressing about your high rent — an average of $3 per square foot.
Another 208 rooms will serve as a boutique hotel. The structure will house 100,000 square feet of office space and 50,000 square feet of high-end retail shops and restaurants.
Construction on the Panorama, which is estimated to cost a total of $800 million, is expected to be completed by the end of this year. The leasing program has not officially started, but more than 100 units are already reserved.
Including the building’s antenna, the Panorama Tower will reach 868 feet into the sky, which is higher than two football fields stacked end-to-end and taller than the Four Seasons Hotel Miami, which measures 800 feet to tip.
Panorama will only hold the crown of Miami’s tallest for a couple of years. The building will be dwarfed by at least two other giant skyscrapers in development, both expected to reach 1,049 feet: One Brickell City Centre and One Bayfront Plaza.
Source: Miami Herald
Florida East Coast Realty obtained approval from the Federal Aviation Administration (FAA) for the height of two planned towers in downtown Miami, both designed to rise about 1,000 feet.
The FAA approved the designed height Florida East Coast’s 1,005-foot One Bayfront Plaza and the company’s 995-foot 1201 Brickell development. In a separate decision, the FAA recently approved the designed height of six Miami condo buildings by Related Group, including two taller than 800 feet.
The FAA had issued preliminary notices of “presumed hazard” to Florida East Coast because the federal agency was concerned that the height of One Bayfront Plaza and 1201 Brickell could interfere with air traffic.
Florida East Coast designed 1201 Brickell as a twin-tower residential development with 787 units. One Bayfront Plaza is planned at a location on the west side of Biscayne Boulevard between Southeast 1 Street and Southeast 2 Street. The $1.4 billion project would include 768,000 square feet of office space. The mixed-use development also would encompass 643 hotel rooms, 97,000 square feet of retail space and 110,000 square feet of meeting and convention space.
The tallest building in Miami now is the Four Seasons hotel at 1435 Brickell Avenue, which is 789 feet tall. Florida East Coast will top that when it finishes its 822-foot Panorama Tower at 1101 Brickell Avenue, now under construction. Swire Properties eventually may have the tallest tower in town: The developer plans to build a 1,049-foot tower in a future phase of its Brickell City Centre development along South Miami Avenue between 8 Street and 6 Street.
Source: The Real Deal
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