Miami mega-developer Tibor Hollo is thinking big for his 2.5 acre bay front site at 1201 Brickell Bay Drive, exMiami reported.
Hollo recently submitted plans to build 1,208 residential units on the site, along with 20,050 square feet of retail space and a 14,450-square-foot restaurant, according to exMiami.
The Villa Magna site, half owned by Hollo’s Florida East Coast Realty and New York-based Corigin, was put on the market in October 2012 but taken off two months later after Hollo decided to develop, according to the Miami projects blog. Recently paved over, it sticks out amid nearly construction.
Hollo previously stated that the project would include 800 residential units, a “high-class” hotel, retails shops and restaurants. [exMiami] –Emily Schmall