1201 Brickell Bay Drive

Residential condominiums February 2025 May 2016 Villa Magna Never built (original proposal) 1201 Brickell Bay Drive, Brickell, Miami, Florida 25.7618 -80.1918 inline,title USA Miami Central#USA Florida Foster + Partners 57 Residential condominiums, hotel, retail (street level) 574 ft m 1 on Tibor Hollo, Florida East Coast Realty Corigin Real Estate Group 1201 Brickell Bay Drive is a large waterfront property in the Brickell district of Greater Downtown Miami, Florida, which has remained undeveloped for several decades despite many high rise building developments proposed there in the 21st century. In the 2000s building boom leading up to the Great Recesion, the Villa Magna Condominium Complex was an urban development that was planned to rise on the 2.5 acre hectare onhttp://therealdeal.com/miami/2016/11/01/tibor-hollo-mccourt-and-corigin-tap-norman-foster-to-design-brickell-skyscrapers/ Tibor Hollo, McCourt and Corigin tap Norman Foster to design Brickell skyscrapers The Real Deal November 1, 2016 November 2, 2016 plot in Brickell, downtown Miami, Florida. It was approved in 2006 by the city council and the Federal Aviation Administration and construction was slated to begin in April 2007. The ending date was approximated to be late 2008 or early 2009; however, the housing crisis of the late 2000s halted the project. The project was revived as The Towers by Foster + Partners in 2016, after FAA approval of supertall heights (>1,000 ft) on the property.https://www.skyscrapercenter.com/building/1201-brickell-bay-drive/48159 1201 Brickell Bay Drive Council on Vertical Urbanism September 23, 2026 Finally, in the early 2020s the site was sold again to Citadel Group as part of a planned a move to Miami from Chicago. The new Citadel Tower was submitted to the FAA in late 2024 at the maximum height allowed in the area at 1049 ft m. While this new headquarters was in development, Citadel briefly moved to the Southeast Financial Center building in downtown in 2022, then to 830 Brickell in 2024. Site work began on this project in 2026, and received media attention in September 2026 when a drilling rig crane collapsed onto the adjacent road and several parked cars. History The complex was to feature two twin towers, Villa Magna Condominiums I and Villa Magna Condominiums II. Both were to be 574 ft m 0 tall with 57 floors. The complex was to be connected by the Villa Magna Plaza at the base of both towers. It was to be located at 1201 Brickell Bay Drive near Southeast 12th Street in Miami's Brickell neighborhood. The buildings were planned be used entirely for residential purposes, with the complex containing 780 condominium units. However, in 2007 the developers changed the plans to include more hotel, retail, and commercial space in realization of the quickly declining housing market at the time. The complex was then approved under a major use special permit.http://www.miamitodaynews.com/news/070927/story6.shtml September 27, 2007 Miami Today News Kalis, Eric Brickell's Villa Magna gets name change, more focus on commercial December 18, 2011 Revival In 2011, the project plans were rumored to have been revived.http://www.miamiherald.com/2011/10/17/2459039/new-condos-slated-for-brickell.html New condos slated for Brickell October 18, 2011 Miami Herald Olorunnipa, Toluse December 18, 2011 In 2015, the height of the project was approved up to 995 ft m 0.http://www.bizjournals.com/southflorida/news/2015/10/09/faa-approves-two-of-tallest-downtown-miami-towers.html FAA approves two of the tallest downtown Miami towers by FECR South Florida Business Journal Brian Bandell October 9, 2015 October 9, 2015 The Towers by Foster + Partners In 2016, the FAA approved supertall heights up to 1040 ft m above ground level for the site and it was said that Foster + Partners was designing the building. In November 2016, new rendering were revealed for the project, renamed The Towers by Foster + Partners, again a twin tower project, but much taller and with 660 units. The new design features more mixed-use and public space at the base, with much of the parking underground,http://miami.curbed.com/2016/11/1/13481712/brickell-towers-by-foster-partners https://web.archive.org/web/20161102161618/http://miami.curbed.com/2016/11/1/13481712/brickell-towers-by-foster-partners dead November 2, 2016 Plans submitted for ‘The Towers by Foster + Partners’ in Brickell Curbed Miami Josh Baumgard November 1, 2016 November 1, 2016 a difficult task in Miami due to very low elevation. The design would feature a public arcade running through the block to the Baywalk as well as 56800 sqft m2 of open space.http://www.bizjournals.com/southflorida/news/2016/11/02/award-winning-architect-submits-plans-for-tallest.html Award-winning architect submits plans for tallest towers in Miami's Brickell November 2, 2016 Brian Bandell South Florida Business Journal November 2, 2016 The buildings would be the tallest buildings in Miami, beating FECR's own under construction 850 ft m on Panorama Tower two blocks north on Brickell Bay Drive. FECR sold the site in 2022.https://www.bizjournals.com/southflorida/news/2022/04/21/hollo-family-sells-brickell-site-for-363m.html Hollo family sells Brickell development site for $363M Brian Bandell April 21, 2022 South Florida Business Journal April 21, 2022 Ken Griffin and Citadel HQ From 2019 to 2025, billionaire Kenneth C. Griffin of Citadel Inc. purchased several Miami area residences, as well as the 1201 Brickell Bay Drive site, propsosing a new Citadel corporate headquarters tower there at the maximum FAA permitted height of 1049 ft m 0 above sea level. Site work began in 2026, during which a drilling crane collapsed onto the road in September 2026. See also List of tallest buildings in Miami References External links Future skyscrapers of Miami Villa Magna Complex from Emporis Villa Magna I from Emporis Villa Magna II from Emporis Category:Skyscrapers in Miami Category:Residential condominiums in Miami Category:Residential skyscrapers in Miami Category:Twin towers Category:2000s in Florida Category:Proposed skyscrapers in the United States Category:Unbuilt buildings and structures in the United States