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Old January 11th, 2010, 09:27 PM   #1
Onn
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MIAMI | Banco Santander Tower | 844ft | 257m | 84 fl | On Hold

Details emerge about Banco Santander’s plans for office tower

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Friday, January 1, 2010

South Florida Business Journal - by Oscar Pedro Musibay



The architects behind Miami’s iconic Espirito Santo building are working to design an 84-story glass tower for Spain-based Banco Santander’s site on Brickell Avenue.

New York City-based Khon Pederson Fox Associates (KPF) won a contest to design the building, the company confirmed. But Banco Santander officials have wanted to keep the details of the Miami project under wraps.

Interviews with Miami Commission Chairman Marc Sarnoff and his staffers, who met recently with a bank official, have provided some preliminary details of the project. An interview with Ignacio Permuy, president of Coral Gables-based Terra Architecture, the local architect working on the project, also fleshed out details.

If the building were built at 1401 Brickell Ave., as envisioned today, it would rise to about 840 feet. The 84-story tower would include a 123-foot tall parking podium at the base. Above the parking podium would be the office space, which would be designed at 14.6 feet per floor, slightly higher than what is allowed under Miami 21, the city’s new zoning code. Miami 21 doesn’t go into effect until May.

Permuy, who designed the unbuilt One Bayfront Plaza for Tibor Hollo, said Banco Santander is working with the city to determine whether the current code or Miami 21 will suit the project better. If the bank gets its approval prior to May, the site’s development rights will be vested under the old code.
Banco Santander currently occupies a 1970s-era, 237,000-square-foot, 14-story building at 1401 Brickell Ave., which is directly north of the Espirito Santo building.

The current office building, which the bank bought for $114 million in 2008, would be knocked down to make way for the new skyscraper.
Antonio Julio Covas, of the Miami office of bank affiliate Santander Global Property, and KPF architects met with Sarnoff on Dec. 16 to discuss the proposed office and retail tower. KPF principal Lloyd Sigal, city Planning Director Ana Gelabert-Sanchez and Greenberg Traurig’s Adrienne Pardo, a zoning specialist, were in the meeting, as was Permuy, according to a sign-in sheet for the meeting.

All except Permuy were unavailable for comment. A planning department spokesman acknowledged the city has had preliminary discussions with the bank about the project.

Despite having 2 million square feet of new office under construction between Miami’s downtown core and Brickell Avenue plus continued downward pressure on office rents, bank officials were eager to start construction, Sarnoff and staffers said.

Financing would not be a problem even as debt markets remain frozen, Covas explained during the meeting.

Said Sarnoff staffer Bert H. Gonzalez about the bank official’s comments: “They said, `We are the second most profitable bank in the world so financing should not be a problem.’”
http://southflorida.bizjournals.com/...04/focus6.html


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This tower is permitted to go as high as 950 ft. The original concept called for a tapered tower of that height:

One idea:



The developers could choose to build that high, in spite of the major design changes.

Last edited by desertpunk; May 5th, 2014 at 08:49 AM.
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Old January 14th, 2010, 11:28 AM   #2
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It seems oddly short for a commercial tall and at "14.6 feet per floor", would easily be a supertall, not an "840 ft" skyscraper. Is there a market for so much new office space in Miami? I guess I'm skeptical given all the past such proposals in Miami.
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Old January 16th, 2010, 06:21 PM   #3
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Looks good. Very Miami. Hope they go through with it and bulk up Brickell even more.
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Old January 16th, 2010, 10:13 PM   #4
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Gorgeous. Hope it gets built
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Old November 9th, 2011, 08:00 AM   #5
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Yet another iteration of this proposal from last January:



Thus far, Santander is still firmly committed to building a new tower for their headquarters in Miami. Work may not begin until 2013 according to some sources: http://www.skyscrapercity.com/showpo...&postcount=201
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Old June 20th, 2013, 04:07 AM   #6
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Banco Santander: Keep Our Approval For 950-Foot Tower Active



Quote:
Banco Santander wants to retain the right to build an office tower up to 950 feet at 1401 Brickell.

The company had received a determination from the FAA in 2010 that the tower would not be a hazard to air navigation, but it was set to expire. Santander now wants an extension.

[...]
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Old June 20th, 2013, 04:16 AM   #7
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It's good to hear that this is not dead.
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Old June 20th, 2013, 04:23 AM   #8
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Quote:
Originally Posted by RobertWalpole View Post
It's good to hear that this is not dead.
Quietly a lot of Wall St. firms and funds have been setting up operations in Miami so perhaps the developer intends to move forward, with or without this premier anchor...
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Old June 20th, 2013, 05:10 AM   #9
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That make sense. Miami is the gateway to Latin America.
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Old June 21st, 2013, 05:02 AM   #10
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oh wow great looking and 950 ft too hope it gets built
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Old June 22nd, 2013, 08:03 AM   #11
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Has to be built.
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Old June 22nd, 2013, 08:10 AM   #12
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Quote:
Originally Posted by 1Filipe1 View Post
oh wow great looking and 950 ft too hope it gets built
The design is for a shorter tower but they want to maintain approval for a 950 ft tower. Another redesign? Anything's possible in go-go Miami!
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Old April 3rd, 2014, 12:43 PM   #13
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Santander on a buying spree in Miami: http://www.exmiami.org/index.php/san...ank-unit-Miami


Could this tower be on the horizon?
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Old April 6th, 2014, 11:11 PM   #14
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I don't know. They have less to spend now and more office space in hand.
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Old May 1st, 2014, 11:33 AM   #15
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Quote:
Originally Posted by desertpunk View Post
Santander on a buying spree in Miami: http://www.exmiami.org/index.php/san...ank-unit-Miami


Could this tower be on the horizon?
It looks quite possible at this point.

http://www.exmiami.org/index.php/san...ize-feds-warn/
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Old May 2nd, 2014, 09:42 PM   #16
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I would love to see this built, good news
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Old September 5th, 2015, 01:28 PM   #17
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Hi guys, I recorded a registry while I was traveling during my last vacation in July.

I took one picture of the current site and unit of the Spanish bank installed there.


2015-07-28Time18.39.24-BancoSantanderTower by Fabricio JF, on Photobucket
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