Developer
Founded 60 years ago by Tibor Hollo, Florida East Coast Realty (FECR) has since built in excess of 60 million square feet of construction, consisting of single-family homes, landmark residential and commercial high-rises, government buildings, marinas, high-end retail centers, warehouse complexes, and telecommunications centers.
Beginning in 1977 and continuing throughout the 1980s, the company forged new ground by developing Miami's Omni/Venetia area, sparking the transformation of the district into what is now known as the Media and Entertainment District. Covering six square blocks on the northern edge of Downtown Miami, FECR's vision for the neighborhood includes several landmark developments, including the Grand; Venetia; Biscayne Bay Marriott Hotel; Omni International Mall; Hilton Miami Downtown; and Sea Isle Marina & Yachting Center. More recently, FECR completed Opera Tower, a 635-unit luxury residential tower adjacent to FECR's renowned Bay Parc Plaza. Scheduled to break ground in 2011, the Mikado will be the final phase of the company's 40-year development plan for this area.
In Miami's famous Brickell district, FECR has owned and developed many projects, most notably the Rivergate Plaza Complex, containing 444 Brickell (the first high rise office building on Brickell Avenue); two U.S. treasury buildings; 888 Brickell; Vizcaya Towers and Vizcaya North; the Club at Brickell Bay; and Colonnade Plaza. Nearby, FECR also owns a 19-story, 700,000 square foot office and retail complex called One Bayfront Plaza.
In 2009, FECR acquired 1101 Brickell, which contains approximately 300,000 square feet of recently-renovated office space in two glass-walled towers. In addition to the office towers, FECR has plans to construct a luxury high-rise residential tower on the site, along with additional office and retail space. Also planned for the future is Villa Magna, a luxury residential and hotel project, which will be built on the only undeveloped bayfront parcel remaining in the Brickell area.
FECR is also making its mark in Coral Gables, in the City's Beautiful, where the 130,000 square foot premier office building, 2020 Ponce, was completed in 2009, and Villa Majorca, a charming upscale residential community, was completed in 2010.
FECR's grandest project to date will be the new One Bayfront Plaza, located at the epicenter of Downtown Miami. This global landmark will be a mixed-use development of contemporary modern design, encompassing a total of approximately four million square feet, principally-comprised of 1.5 million square feet of premier office space, together with an 850-room luxury convention hotel and over 150,000 square feet of retail space The tower will be Miamis signature project and the tallest building in the skyline, rising 80 stories above Biscayne Bay and reaching a height of 1,010 feet, with 360-degree, panoramic views truly beyond compare.
Throughout FECR's extensive history, the company has built, owned, and managed a wide array of properties, and the company’s strategy for the future includes steady, continued growth in several real estate industries. With new ideas and ambitious projects on the drawing board, Mr. Hollo and Florida East Coast Realty are eager and ready to venture well into the 21st century.
Meet the Team
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Tibor Hollo Chairman & CEO Tibor Hollo is highly-regarded by his peers as a pioneer and one of Miami's true visionaries. Over 55 years ago, he forged a path for the future by constructing the very first high-rise building on Brickell Avenue. The concept of living, working, and playing in the urban core has long been his dream, brought to life through his many developments, especially in the Omni/Venetia area and the Brickell corridor. It is only now that his vision is truly taking shape on a large scale, as evidenced by the growth and excitement permeating the areas in and surrounding our beautiful Downtown. |
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Wayne Hollo Executive Vice President Wayne Hollo has been working at FECR for over 30 years and, in his tenure with the company, has been involved in all aspects of the real estate business. Wayne is most notably responsible for the company’s sales and acquisitions of land and improved properties, as well as the financing and re-financing of the company’s acquisitions and existing portfolio. He develops sales packages for numerous hotels, multi-family and multi-use projects, raw land, and office buildings, as well as loan submission packages of existing loans in the company’s portfolio. Additionally, Wayne manages the SAS 70 Certified Miami Data Vault, Miami’s finest and most secure collocation and disaster recovery center, and has also assumed oversight and management of many operational facets of the company and its projects. |
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Jerome S. Hollo Executive Vice President After receiving his Juris Doctor degree, Jerome Hollo practiced law for three years with the firm of Rosenthal, Rosenthal, and Rasco, where he established a leading transactional practice. Since joining FECR in 1995, he has been instrumental in the successful execution of projects, such as the Quantum Development Group, a separate corporate division that has been developing land and building single-family homes in the Orlando area, Hobe Shops, Bay Parc Plaza, and The Townhomes of Quayside. As FECR General Counsel, Jerome has been directly involved and routinely liaisons with municipal, community, and civic organizations. In 2002, he was elected to the Board of Directors of the Downtown Development Authority (DDA), which oversees the growth and development of Miami’s core district. |
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Steve Baer Vice President Steve Baer is the Florida Licensed real estate broker for FECR and heads the property management team. He oversees the managing, leasing, and operations of all types of commercial, office, retail, industrial, and residential properties as Vice President of Property Management. All property management personnel, as well as all on-site managers, are under the auspice of Mr. Baer, who oversees the management and required maintenance of all residential and commercial projects. He directs the commercial and residential management and leasing program and develops, implements, and oversees all operating policies and procedures. He is directly responsible for the collection of all rents and establishes the standards for tenant credit reviews and screening. |
