Currently viewing the tag: "Tibor Hollo"
Apparently blogging your opinion on a local condo development could get you fired, sued, or both! Lucas Lechuga, of Miami Condo Investments, was the lucky recipient of a $25 million defamation lawsuit from Miami developer Tibor Hollo for writing:
”My opinion is that this development is doomed…”

And:

“This developer went bankrupt in the 1980′s and I think we’ll see a repeat performance within the next 6 months. What do I know, though? I’m no real estate oracle.”

Apparently Hollo didn’t go bankrupt in the 80′s and wants to set the record straight. Meanwhile EWM’s Ron Shuffield felt the blog illustrated a negative connotation and plans to review with their 800+ Realtor staff the do’s and don’t of blogging…

I believe this whole thing has been blown disproportionately out of the water, starting with an exorbitant $25 million for defamation. How can anyone quantify that much in damages to begin with? Luckily for Lechuga, the lawsuit likely won’t hold much water in court according to herald interviews with local attorneys. From what I can tell, this has the appearance of a glorified publicity stunt amid a crumbling housing market. Who am I to say anyway? Only time will tell…

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One Bayfront Plaza is poised to become Miami’s first super tall (1000′) and truly iconic skyscraper. With the recent approval by the City Commission, the 2 million square foot office development is ready to proceed through the initial stage of pre-construction. The $1.8 Billion project will feature 2 million square feet of leasable office space, 120,000 square feet of exhibition or banquet space, 112,000 square feet of retail, and a 850 room hotel. The project is slated to break ground in 2011 and has attained preliminary approval to rise to 1,049 feet (roof) and 1,180 feet to the top of the spire…
One Bayfront Plaza is being developed by Florida East Coast Realty (Tibor Hollo) and was designed by Terra Group Architects. Frankly, I’m impressed by the eastern facade of the structure but dismally disappointed by the initial designs of the west side, pictured above. The two structures appear to be disjointed and fail to compliment each other accordingly. Hopefully, the west tower will be subject to further redesigns to make this a visually appealing structure from all angles, not just the east…