MIAMI | Banco Santander Tower | 765 FT | 40 FLOORS - Page 2

UrbanImpact · #21 Posted **Feb 16, 2024, 1:38 PM**

Quote:

Originally Posted by ChiND

Miami is not a commercial center. It has four F500 HQs, and they’re incredibly marginal companies:

•    No. 70 World Fuel Services (https://fortune.com/company/world-fu...es/fortune500/), based in Miami, $59.043 billion in revenue, 5,214 employees

    •    No. 119 Lennar (https://fortune.com/company/lennar/fortune500/), based in Miami, $33.671 billion in revenue, 12,012 employees

    •    No. 345 Ryder System (https://fortune.com/company/ryder-system/fortune500/), based in Miami, $12.011 billion in revenue, 48,300 employees

    •    No. 495 Watsco (https://fortune.com/company/watsco/fortune500/), based in Miami, $7.274 billion in revenue, 7,238 employees

Yet, there are a bunch of commercial skyscrapers under construction/In For Permit. Aren't you the same user that insisted New York City was dead and that 5th ave was crime ridden in the 175 Park thread?

BuildThemTaller · #22 Posted **Feb 16, 2024, 2:44 PM**

Delaware is home to more than 300 Fortune 500 HQs and yet doesn't have a supertall. I, too, can do simple searches on the interwebs and draw the wrong conclusions.

ChiND · #23 Posted **Feb 16, 2024, 2:48 PM**

Quote:

Originally Posted by BuildThemTaller

Delaware is home to more than 300 Fortune 500 HQs and yet doesn't have a supertall. I, too, can do simple searches on the interwebs and draw the wrong conclusions.

People with limited intelligence shouldn’t make proclamations. Scores of corporations are incorporated under Delaware law. That’s vastly different from having an HQ there.

BuildThemTaller · #24 Posted **Feb 16, 2024, 3:08 PM**

Quote:

Originally Posted by ChiND

People with limited intelligence shouldn’t make proclamations. Scores of corporations are incorporated under Delaware law. That’s vastly different from having an HQ there.

Read that again and give that some good, deep thought.

jackster99 · #25 Posted **Feb 16, 2024, 4:21 PM**

Quote:

Originally Posted by UrbanImpact

Yet, there are a bunch of commercial skyscrapers under construction/In For Permit. Aren't you the same user that insisted New York City was dead and that 5th ave was crime ridden in the 175 Park thread?

He also claimed he read that no Citadel employees want to move to Miami. Can't find anywhere where that is on record, but the founder of the company is building a $500 million house in Palm Beach, so he clearly wants to be in the vicinity lol.

Altoic · #26 Posted **Sep 8, 2024, 2:08 AM**

Fencing now up.

Via: https://x.com/volvoshine/status/1832533255226015994

Mods, please change the "Santeder" to "Santander".

BG Demolition is the demolition contractor.

wanderer34 · #27 Posted **Sep 8, 2024, 5:22 PM**

Quote:

Originally Posted by colemonkee

This is so perfect for Miami. It's got attitude, pops of color, yet it maintains grace and feels refined. Love the layering and landscaping around the base. Build this now!!

What I like about this tower is that the framework appears to be all white, which is a change from the mostly glass facades that are usually always in use in Miami, plus the red top. Red and white are the official colors of Grupo Santander, so it's no surprise to many who follow business that they would use those colors, but this tower will stand out with the other Miami towers due to it's color. And I won't be surprised to see once this tower is built, to see Santander's American HQ move from Boston to Miami, largely due to the very large Latin American population, as well as the Hispanophone population in Miami.

tdawg · #28 Posted **Sep 8, 2024, 6:06 PM**

"the founder of the company is building a $500 million house in Palm Beach." I'm sorry but this is disgusting.

Altoic · #29 Posted **Sep 8, 2024, 6:19 PM**

New Renderings Revealed For Banco Santander's Flagship Office
https://floridiandevelopment.com/new...agship-office/

• Video Link

UrbanImpact · #30 Posted **Sep 9, 2024, 5:08 PM**

https://www.thenextmiami.com/santand...l-tower-video/
Santander Bank Announces It Will Begin ‘Landmark’ Brickell Tower

Banco Santander says it is proceeding with plans to build a new 1.6 million square foot tower in Brickell.

A 14-story office tower is currently on the site. Demolition will begin shortly, according to the company.

The property has already been fenced off, according to Ryan RC Rea.

There are currently 650 Santander employees working from the old tower, who will be moved to temporary space during construction.

Miami Building Department records show a master demolition permit was issued in early July, and a plumbing permit attached to the demo permit was issued on September 4.

The new tower will rise 41 stories, or 765 feet, and is being designed by Handel Architects and Bernardi & Peschard Arquitectura.

chris08876 · #31 Posted **Sep 14, 2024, 6:01 PM**

Credit: NXT

Innsertnamehere · #32 Posted **Sep 16, 2024, 6:09 PM**

I can't believe the number of new office blocks going up in Miami compared to how destitute the commercial real estate market is in the rest of the country.

ChiND · #33 Posted **Sep 17, 2024, 12:37 PM**

None of the planned towers have tenants other than Citadel’s. Further, Miami, which is not (and has never been) a commercial center, has trouble on the horizon. I love Miami, but let’s be realistic.

https://therealdeal.com/miami/2024/0...fice-in-miami/

UrbanImpact · #34 Posted **Sep 17, 2024, 1:38 PM**

Quote:

Originally Posted by ChiND

None of the planned towers have tenants other than Citadel’s. Further, Miami, which is not (and has never been) a commercial center, has trouble on the horizon. I love Miami, but let’s be realistic.

https://therealdeal.com/miami/2024/0...fice-in-miami/

We've been hearing this story for a while, yet, Miami keeps defying those predictions.

jackster99 · #35 Posted **Sep 17, 2024, 2:28 PM**

Quote:

Originally Posted by ChiND

None of the planned towers have tenants other than Citadel’s. Further, Miami, which is not (and has never been) a commercial center, has trouble on the horizon. I love Miami, but let’s be realistic.

https://therealdeal.com/miami/2024/0...fice-in-miami/

This one literally has the tenants name in bright red at the top

BrickellBased · #36 Posted **Sep 17, 2024, 4:45 PM**

Maybe Chicago has trouble too.

Quote:

Rothschild also plans to shut its Chicago office, according to Bloomberg.

https://www.bloomberg.com/news/artic...ff-to-new-york

Quote:

Originally Posted by ChiND

None of the planned towers have tenants other than Citadel’s. Further, Miami, which is not (and has never been) a commercial center, has trouble on the horizon. I love Miami, but let’s be realistic.

https://therealdeal.com/miami/2024/0...fice-in-miami/

ChiND · #37 Posted **Sep 17, 2024, 5:26 PM**

Quote:

Originally Posted by BrickellBased

Maybe Chicago has trouble too.

https://www.bloomberg.com/news/artic...ff-to-new-york

It does.

ChiND · #38 Posted **Sep 17, 2024, 5:28 PM**

Quote:

Originally Posted by jackster99

This one literally has the tenants name in bright red at the top

They’re not going to anchor the majority of the office space. They need to sigh other tenants, and it has been documented that all proposed office projects in Miami have not attracted pre-lease commitments from third-parties.

https://therealdeal.com/miami/2024/0...of-preleasing/

Brickell office slump? Nearly 3M sf planned, zero preleased
Proposals for three towers come amid a dearth of new-to-market firms

Altoic · #39 Posted **Sep 17, 2024, 5:31 PM**

To be fair they don't have much office space to lease. The tower has less square footage in office space than 830 Brickell, and 830 Brickell was a big success.

BrickellBased · #40 Posted **Sep 17, 2024, 10:26 PM**

Thanks - very in depth and informative article.

Quote:

Originally Posted by ChiND

They’re not going to anchor the majority of the office space. They need to sigh other tenants, and it has been documented that all proposed office projects in Miami have not attracted pre-lease commitments from third-parties.

https://therealdeal.com/miami/2024/0...of-preleasing/

Brickell office slump? Nearly 3M sf planned, zero preleased
Proposals for three towers come amid a dearth of new-to-market firms