Santander Bank

Demolition Permit Issued for 1401 Brickell Avenue, Paving Way for 40-Story ‘Santander Tower’

A demolition permit has been issued for the 1401 Brickell property in Miami, signaling the beginning of redevelopment for the site. Although plans for a new tower are in place, a new construction permit has yet to be filed. The issued permit outlines the total demolition of 236,877 square feet at an estimated cost of $5,890,000. The BG Group is listed as the contractor responsible for the demolition. The application for the permit was initially submitted in June 2023, and it was approved and issued on July 3, 2023.

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40-Story ‘Santander Tower’ Planned For 1401 Brickell Avenue In Miami’s Financial District

On February 21, Miami’s Urban Development Review Board is scheduled to review the filed plans for Santander Tower, a visionary project at 1401 Brickell Avenue in the Brickell financial district. This 40-story office building, targeting LEED Platinum certification, is designed to redefine Miami’s skyline and urban experience. The development, designed by Handel Architects from New York with structural engineering by DeSimone Consulting Engineers and interior design by Bernardi + Peschard Arquitectos, aims to introduce 612,918 square feet of premium Class A office space. Developed by Services and Promotions LLC, an affiliate of Santander Bank, with project management and advisement by the Rilea Group, the tower aspires to a commanding presence at 765 feet above ground and 778 feet above sea level. Its redevelopment plan includes office spaces and extensive retail and food/beverage activation areas across the ground and upper podium levels, emphasizing ground-level engagement and vibrant streetscapes. Cosentini Associates is the MEPFP engineer, Langan is the civil and geotechnical engineer, Rios is the landscape architect with LandDesign as the landscape architect of record, and Socotec is the building envelope consultant.

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Developers Breaks Ground On 18-Acre Multifamily Development in Palm Springs, Florida

South Florida real estate development and investment firm Mast Capital has joined forces with Boston-based Rockpoint and The Spear Group to break ground on an 18-acre multifamily development in Palm Springs, FL. With $42.5 million in construction financing from Santander Bank, the project, located at 2085 S. Congress Ave., will rise on the site of the former YMCA of the Palm Beaches. The development will feature 264 upscale, garden-style apartments across 11 residential buildings.

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