Tibor Hollo

Last updated
Tibor Hollo
Born1927 (age 9293)
NationalityUnited States
OccupationReal estate developer
Known forFounder of Florida East Coast Realty
Spouse(s)Sheila Hollo
ChildrenWayne Hollo
Jerome Hollo
Arlene Hollo Chaplin

Tibor Hollo (born 1927) is an American real estate developer and founder of Florida East Coast Realty. [1] [2] [3]

Contents

Biography

Tibor Hollo was born to a Jewish family in Budapest, Hungary but raised in France. [1] In 1941, he and his parents were arrested after the German occupation of France and sent to the Drancy internment camp outside of Paris. [1] The family was then shipped to the Auschwitz concentration camp where his mother was separated from him and his father; they never saw her again. [1] He and his father were then forced to march to the Mauthausen-Gusen concentration camp in Austria where they remained until their liberation by the U.S. 11th Armored Division on May 5, 1945. [1] Hollo then returned to France and obtained a degree in architecture before immigrating to the United States with $18 to his name. [1] He worked at a curtain factory before landing a job as an estimator for a general contractor. [1] Noticing that most contractors turned down work on the New York waterfront because it was difficult and dirty work, he started his own firm and was able to underbid the few competitors he had. [1] After winning and successfully completing many jobs, his reputation allowed him to win larger projects around the city and then nationally. [1] By 1956, his contracting company was one of the ten largest in the United States. [1]

In 1956, after falling in love with Florida on a business trip, he sold his contracting company and moved to Miami. [1] Recognizing that Miami had limited space as it was defined by the ocean on the east and the Everglades on the west, he believed that the future of the city was in vertical, downtown residential living. [1] He founded Florida East Coast Realty and completed his first major building, 888 Brickell Avenue. [1] In 1968, he bought six blocks of blighted waterfront property next to the Venetian Causeway; wanting to convert it into a mall, he faced opposition from the local government who did not want to close any streets as required to complete the project. [1] In 1973, Maurice Ferre, the newly elected mayor of Miami and the son of a Puerto Rican real estate developer, gave his support to Hollo allowing him to build the Omni International Mall as well as the 810-unit Venetia Tower and marina. [1] Using his political capital with the mayor, he was also able to secure Miami's second ever tax-increment financing zone for the Arts & Entertainment District (then Omni); the zone would use property taxes to improve the streets, utilities, and infrastructure in the neighborhood. [1] The Venetia Tower was not successful due to the collapse of the South American economy in the late 1980s; and in 1988, after having only sold 57 of 810 units, Hollow was forced to cede ownership of the project. [1]

Learning from his experience, he only works on one project at a time and never borrows more than 40% of the project's cost. [1] Hollo went on to build many projects including the U.S. Justice Department Building, the Vizcaya Towers, The Grand Doubletree, the Biscayne Bay Marriott, the Opera Tower, and the Bay Parc Plaza. [1] He is presently working on the 1,049 foot One Bayfront Plaza [4] the 868 foot Panorama Tower, [5] [6] and The Towers by Foster + Partners (formerly Villa Magna Condominiums). Hollo has been criticized for building high rises that separated the city from its waterfront and for building "big, bulky, inimical buildings that are foreboding to look at and unpleasant to walk around". [1]

Philanthropy

In 2012, he donated $2.5 million to fund the Tibor & Sheila Hollo School of Real Estate at Florida International University’s Downtown Brickell campus. [7]

Personal life

Hollo has been married to his wife Sheila Hollo since 1967. [2] Hollo speaks French, Hungarian, German, Spanish, English, Arabic, Hebrew, and Russian. [2] Two of his sons, Wayne Hollo and Jerome Hollo, both work at Florida East Coast Realty as Executive Vice Presidents; and his grandson, Austin Hollo, as a Vice President. [8] Hollo was diagnosed with basal cell and squamous cell carcinoma on his nose which required over a dozen operation and left his nose disfigured. [9]

Related Research Articles

Brickell Neighborhood of Miami in Miami-Dade County, Florida, United States

Brickell is an urban neighborhood of Greater Downtown Miami, Florida, United States. Directly south of the historic CBD, Brickell is Miami and South Florida's major financial district.

Greater Downtown Miami Neighborhood of Miami in Miami-Dade County, Florida, United States

Downtown Miami is an urban city center, based around the Central Business District of Miami, Florida, United States. In addition to the central business district, the area also consists of the Brickell Financial District, Historic District, Government Center, Arts & Entertainment District and Park West. The neighborhood is divided by the Miami River and is bordered by Midtown to the north, Biscayne Bay to the east, Civic Center and Overtown to the west, and Coconut Grove to the south.

Opera Tower

The Opera Tower is a residential skyscraper in Miami, Florida, United States. It was developed by Tibor Hollo's Florida East Coast Realty, and was completed in late 2007. The Opera Tower received its temporary certificate of occupancy on December 26, 2007. The 55-story tower is located at 1750 North Bayshore Drive in Miami's Arts & Entertainment District, just north of Downtown Miami. The building contains 635 uniquely designed luxury condominiums. It is also home to the Japanese-inspired sushi restaurant, NoVe Kitchen and Bar.

Panorama Tower Skyscraper in Miami, Florida, USA

Panorama Tower is a mixed-use 85-story skyscraper in Miami, Florida, United States. It is located in the Brickell district of Downtown Miami. It was originally approved by the City of Miami and the Federal Aviation Administration in 2006 but was put on hold due to the Great Recession. The project was revived in 2012 when owner Tibor Hollo hired Moshe Cosicher, AIA Architect, to redesign the project. In 2013, the project was revised; the 868-foot (265 m) tower is stated to include residential, hotel, retail, and office space. It is the tallest building in Miami, and the tallest building in Florida, but may soon thereafter be overtaken by various other towers, including two of their own projects. It took over the Four Seasons Hotel Miami as tallest when it topped out in late 2017. The project is the first development in the City of Miami to be funded in part by EB-5 visas. While the entire site was technically addressed 1101 Brickell Avenue, the building is actually located on the back of the lot, behind two existing office buildings, at 1100 Brickell Bay Drive. It is about two blocks from the Tenth Street Metromover station.

Brickell City Centre shopping and mixed-use project in Miami, Florida

Brickell City Centre is a $1.05 billion shopping and mixed-use project in Miami, Florida. When finished, it will span up to five blocks to the west of Brickell Avenue and to the south of the Miami River, in the Brickell district of Greater Downtown. It will be anchored by a 107,000 square-foot Saks Fifth Avenue, Cinemex, and Italian food hall. The project is located between 7th and 8th Streets on both sides of South Miami Avenue and east of South Miami Ave on the north side of 7th Street. Additionally, it may expand to develop two more blocks that Swire already owns at 700 Brickell Avenue and SE 6 Street.

Capital at Brickell skyscraper

CCCC Miami Towers is the preliminary name for a mixed-use project being planned in the Brickell neighborhood of Miami, Florida, United States. The site is bounded by South Miami Avenue to the east, SW 14th Terrace to the south, SW 1st Avenue to the west, and SW 14th Street to the north. The site broke ground in 2006 and was excavated for a previous project that stalled known as Capital at Brickell. It was revived in 2014 by China City Construction Corp, an affiliate of China Communications Construction Company.

The Towers by Foster + Partners

The Villa Magna Condominium Complex was an urban development that was planned to rise on a 2.5-acre (1.0-hectare) plot in Brickell, downtown Miami, Florida. It was approved in 2006 by the city council and the Federal Aviation Administration and construction was slated to begin in April 2007. The ending date was approximated to be late 2008 or early 2009; however, the housing crisis of the late 2000s halted the project. The project was revived as The Towers by Foster + Partners in 2016, after FAA approval of supertall heights.

One Bayfront Plaza

One Bayfront Plaza (New) is a proposed supertall skyscraper approved for construction in the U.S. city of Miami, Florida. If completed, the building would stand at 1,049 feet (320 m), with 93 floors, becoming the tallest building in Miami and Florida. One Bayfront Plaza would primarily consist of offices and hotel space, but also would include a retail mall, condominiums, and parking garage on the lower levels, as well as possibly an observation deck at the top. The entire project consists of over 1,400,000 square feet (100,000 m2) of Class A office and hotel space, as well as a total building area of over 4,000,000 square feet (371,612 m2) including the large podium. One Bayfront Plaza is the first skyscraper over 1,000 feet (305 m) to be approved for construction in Miami. The building's primary advocate is real estate developer Tibor Hollo, who has won several awards for his 55 years as a developer in Miami, and is currently the president of Florida East Coast Realty.

Brickell World Plaza

The Brickell World Plaza, also known as 600 Brickell, and formerly known as the Brickell Financial Center, is an office skyscraper in Miami, Florida, United States in the Downtown neighborhood and financial district of Brickell at 600 Brickell Avenue. The former Brickell Financial Centre Phase I, the Brickell World Plaza, is a 520-foot (160 m) skyscraper, one of the tallest buildings in Miami. 600 Brickell is located between the Fifth Street and Eighth Street Metromover stations.

W. Allen Morris is Chairman and CEO of the Allen Morris Company and a real estate developer and Realtor in the state of Florida.

The Grand Doubletree condominium and hotel skyscraper in Miami, Florida, United States

The DoubleTree by Hilton Grand Hotel Biscayne Bay, also referred as The Grand or The Grand DoubleTree, is a high-rise on the north side of Downtown Miami, Florida, United States. It lies within the Arts & Entertainment District. It was completed in 1986 and designed by the Atlanta architectural firm of Toombs, Amisano and Wells. It is a condominium and hotel. Floors 3–9 are hotel rooms. Floors 10–42 contain over 830 condominium units. The hotel portion contains 152 rooms, and was renovated in 2004. The building is very large, with almost 3.5 million square feet (325,161 m2) of floor space, though this likely includes a large parking garage across the street that is shared with the Omni complex.

Ugo Colombo is an Italian-born residential and commercial real estate developer in Miami, Florida.

Mack-Cali Realty Corporation Mack-Cali Realty Corporation is an industry leader providing the finest in commercial real estate, class A office space, and multi-family complexes in the northeast.

Mack-Cali Realty Corporation is a publicly traded real estate investment trust headquartered in Jersey City.

CMC Group Inc. was founded in 1987 by real estate developer Ugo Colombo. CMC Group Inc. is a residential and commercial real estate development, construction, and investment company headquartered in Miami, Florida.

Vladislav Doronin Russian businessman

Vladislav Doronin is a Russian businessman, international real estate developer and art collector. He is the founder of Moscow-based Capital Group, owner and chairman of Aman Resorts, and chairman and CEO of OKO Group.

Kevin P. Maloney is an American real estate developer and founder of Property Markets Group.

JDS Development is an American real-estate development group headquartered in Manhattan, with an additional presence in Miami and Southern Florida. The firm was founded by Michael Stern, a native of Long Island.

Brickell Bayview Center skyscraper in Miami, Florida

Brickell Bayview Center, also known as the Brickell City Tower, is a skyscraper in the Brickell financial district of Miami, Florida, USA, at 80 SW 8th Street. The building is about 330 feet (100 m) with 30 floors. Completed in 1986, the floor-to-ceiling glass facade building once stood alone on the western side of Brickell, which at the time was home to mostly office towers and older low-rise residential buildings. After two residential high-rise building booms, the first in the 2000s, concurrent with the 2000s real estate bubble, and the second in the 2010s, the building was virtually surrounded by taller buildings. Solitair Brickell required demolishing a parking ramp to the base of the building to the northeast, Brickell Heights was built directly adjacent to the east, and Nine at Mary Brickell Village was built directly to the south of the building. To the west, even West Brickell saw significant mid-rise development in the 2010s, such as the West Brickell View low income senior housing two blocks to the west.

The OKO Group is an international real estate development firm created by Vladislav Doronin.

References