(Crystal Proenza is associate editor of RealEstate Florida.)

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MIAMI-Plans for One Bayfront Plaza, Florida East Coast Realty's$1.8-billion mixed-use project, are advancing full steam ahead withthe company naming Alan Krause as construction manager. Krause hashad experience working with such landmark buildings, as he comes toFECR from Africa Israel Florida Holdings LLC, where he ledconstruction on Marquis, the city's second-tallest building.

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The project is set to include two 70-story towers with twomillion sf of class A office space, 112,000 sf of upscale retailspace and an 850-room, four-star convention hotel with 120,000 sfof exhibition and banquet facility space. City leaders approvedpermits last year,and now a team of 24 consultants are working on a set of 8,300drawings to be submitted to the Miami Buildings Department no laterthan the first quarter of 2010, Tibor Hollo, founder, chairman andpresident of FECR, tells GlobeSt.com. The project at 100 SouthBiscayne Blvd. is expected to break ground in the first half of2012 for completion near the end of 2014.

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"Leasing processes will begin in the second half of this year,"says Hollo of the buildings, which promise to be the tallest southof New York City at 1,049 feet high. One Bayfront Plaza will havean advantage over other new office buildings nearing completion inthe CBD, says Hollo, because of the reputation it will hold as thesignature building in Miami and opportunities for leasing largefloor plans just under 40,000-sf.

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FECR is currently negotiating with four different flagships forthe hotel tower, which will be the first built north of the MiamiRiver in 25 years, says Hollo. One Bayfront Plaza, which isexpected to achieve LEED silver certification, is being designed bythe Coral Gables office of Terra Architecture.

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"It will really bring our city to the middle of the 21stcentury," says Hollo. "When somebody talks about the Empire StateBuilding, you know it's New York. Sears Tower is the globalidentification of Chicago. One Bayfront Plaza will be a globalidentification for our city."

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