Florida East Coast Realty secures loan for Panorama Tower in Miami – South Florida Business Journal

Panorama Tower is a mixed-use 85-story skyscraper in Miami, Florida, United States. It is located in the Brickell district of Downtown Miami. It was originally approved by the City of Miami and the Federal Aviation Administration in 2006 but was put on hold due to the Great Recession.

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The Panorama Tower located at 1100 Brickell Bay Drive near downtown Miami is 85 stories and is the tallest residential building on the east coast south of Manhattan.

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mortgage to an affiliate of Florida East Coast Realty (FECR). The developer was .. South Florida Business Journal Feb 4, 2019, 6:52am EST Updated Feb 5, 2019, 4:37pm est commercial Real Estate Miami’s tallest tower secures $425M loan save Print Order Reprints Email f Share in Share Tweet VIEW SLIDESHOW SOUTH FLORIDA

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In Miami, developers are building higher, and the related real estate transactions are getting bigger. On the lending side, a $425 million refinancing was issued by Wells Fargo & Co. for Brickell’s Panorama Project, which includes the 85-story Panorama Tower – the tallest residential building on the East Coast south of New York.

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Florida East Coast Realty, LLC (FECR) obtained a temporary certificate of occupancy for a major portion of the parking garage at its Panorama Tower project in downtown Miami. FECR also reported.

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