Founded 55 years ago by Tibor Hollo, Florida East Coast Realty (FECR) has since built in excess of 55 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.
The company forged new ground by developing the Omni/Venetia area, sparking the transformation of the district into what is now known as the new Miami Arts and Entertainment District. Covering six square blocks in Downtown Miami, FECR’s Venetia/The Grand, is a landmark development that includes the Biscayne Bay Marriott Hotel and Marina, and Plaza Venetia. Following the recent completion of Opera Tower, which is adjacent to FECR’s renowned Bay Parc Plaza, the Sonesta Mikado Miami is the final phase of the company’s 40-year development plan for this area. Scheduled to break ground in 2009, the project is a mixed-use property to be managed by Sonesta.
FECR is also making its mark on Coral Gables, the “City Beautiful,” where the premier office condominium, 2020 Ponce, was just completed in the third quarter of 2009, and Villa Majorca, a charming town home community, has recently broken ground.
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, including plans for One Bayfront Plaza, to be Miami’s signature, mixed-use project and the tallest building in the Miami skyline. Villa Magna, a luxury condominium and hotel in the Brickell area; Gulfstream Point Hotel and Offices in Hallandale Beach; Tropicana Center, a mixed-use project in downtown St. Petersburg; and The Palm, an exclusive condo development of five towers in the heart of Las Vegas on the famed strip, are also planned.
