Site preparation began in late 2013 with the clearing of the site and demolition of an existing
parking garage, with
foundation work by HJ Foundation, part of the
Keller Group beginning in June 2014, The continuous concrete pour for the approximately 14,000
cubic yard () raft slab required hundreds of cement trucks operating for over 24 hours from numerous factories. The approximately pour took place over a weekend in late March 2015 and was one of the largest continuous pours in Florida history. The project received a US$340 million construction loan from
Wells Fargo in 2015, with construction well underway. By October 2015, construction was up to the top of the 19-story pedestal. Over of the project was structurally completed, and the building was still on schedule for completion in late 2017. During the first half of 2016 a height increase to was approved; both hotels, it would be the only building over to stick to a total floor-to-floor height of no more than . Hotels, parking garages, and condos generally have much less floor-to-floor height than high-rise office towers. However, very few towers of any kind over 50 floors keep to an overall height under per floor, due to increased ceiling heights or the need for
mechanical floor levels, rooftop HVAC, housing for the tops of elevator shafts,
spire details, or other infrastructure. It is unclear whether the floor count will remain at 82, or increase to 85 due to the height increase.
DeSimone Consulting Engineers is serving as structural engineer on the project. The firm has designed numerous supertall towers and skyscrapers worldwide, and frequently works with top architects and developers on marquee projects globally. On March 24, 2017, the same week the building officially surpassed the height of the
Four Seasons Hotel Miami, a small fire broke out on the 68th floor just before 7 pm. It was extinguished within hours, with no injuries or delay to the project's timeline. The cause was not immediately known. No work was underway when the fire broke out. With a topping out in April, the 208-room Hyatt Centric hotel in the pedestal is expected to open in the third quarter of 2017, with the building to open by the end of the year. File:1101 Brickell Panorama Tower site prep foundation.jpg|Site prep in 2014, behind existing 1980s office buildings at 1101 Brickell Avenue File:Panorama Tower UC October 2016 from southwest.jpg|Panorama Tower under construction in October 2016 at about 60 floors. The building will be significantly larger than other skyscrapers in Florida. The design variation at about 50 floors is the 48th floor amenity deck. File:1101 panorama tower UC October 2016.jpg|Panorama Tower under construction in October 2016 at about 60 floors with large multi-use pedestal (primarily parking) seen from Brickell Bay Drive
Financing In 2014, the building became the first development in the city of Miami to be accepted into the
EB-5 visa program. When the application was submitted in late 2012, it was stated that this immigrant investment system could fund about 15% to 20% of the project. However, later estimates were placed lower despite high demand that was exceeding the limit of 10,000 visas per year (throughout the country). With a very high
Walk Score, Panorama Tower is in the class of apartment buildings that have seen the most increase in value over time even into a market slowdown in 2017. ==See also==