MIAMI--(BUSINESS WIRE)--2020 Ponce, the luxury, Class-A office building in Coral Gables by Florida East Coast Realty, LLC (FECR), soon will be home to Florida Community Bank, N.A. (FCB), the fourth largest Florida-based bank. FCB has signed a seven-year lease for 3,597 square feet in Suite 102 on the ground floor of the prestigious tower with direct frontage on Ponce de Leon Boulevard, along with a drive-through lane with access from Minorca Avenue. Florida Community Bank has estimated opening the new location by the first quarter of 2016.
“Florida Community Bank is excited to work with Florida East Coast Realty, LLC as we continue to expand our footprint. FCB was founded with the goal of becoming the leading independent bank in Florida. Today, we have over $6.7 billion in assets and 50 banking centers serving Southwest, Central, and Southeast Florida. Our location at 2020 Ponce will allow us additional visibility and exposure as we continue to best serve the Florida Commercial and Retail marketplace,” said Kent S. Ellert, President & CEO of Florida Community Bank.
“We are thrilled that Florida Community Bank has chosen 2020 Ponce for its new Coral Gables location,” says Donna Abood, Principal and Managing Director of Miami for Avison Young, the firm leading the leasing and sales for 2020 Ponce. “The Ponce de Leon exposure, coupled with the drive-through lane in the building, will be a great addition to the bank’s customer service and serve as an additional asset to the Coral Gables community,” she adds.
Originally launched as a for-sale product in 2009, 2020 Ponce has had success leasing space for the past several years. Recently, in response to market demands, FECR announced that it once again is offering for-sale office and retail space at 2020 Ponce, as well as an exclusive opportunity for up to 50% developer financing, in addition to continuing with the successful leasing program.
Now a landmark in the “City Beautiful,” 2020 Ponce contains a total of 130,000 square feet, including ground-level retail, seven stories of premium office space with exclusive terraces, and a six-level parking garage. 2020 Ponce’s prestigious roster of businesses includes: the Cisneros Group, Abramowitz & Associates, LAM Group, Baez Law Firm, Goldberg & Dohan, Alterna TV International, Vertical de Aviacion, Peebles Corporation, Balsera Communications, and Nexpro International, as well as Total Bank, Coral Gables Vein Specialists, and Elite Body Sculpting on the ground floor. Avison Young, a full-service commercial real estate firm, also recently moved its headquarters to 2020 Ponce.
The impressive tower has a total of approximately 50,000 square feet remaining of customizable office and retail space, which ranges from 500 square feet up to a full floor of 16,700 square feet, available for purchase or lease. The column-free floor plates can result in efficiencies up to 20% in space planning, and the interior space with exterior terraces creates a most pleasant and luxurious working environment.
2020 Ponce offers spectacular, panoramic views, as well as private and 360-degree wraparound terraces for nearly every office suite. In addition to an extraordinary lobby, premium amenities include professional on-site management, state-of-the-art technology and communications systems, and high-tech security and concierge services. Owners and tenants also have the convenience of VIP parking on-site, with a tremendous parking ratio of four spaces/1,000 square feet. For more information on 2020 Ponce, please call (305) 476-7125, or visit www.2020ponce.com.
Since its founding over 60 years ago, FECR has been involved in the development of over 60 million square feet of residential, commercial, retail, and industrial space, with landmark projects from New York to Nevada and throughout Florida. Repeatedly shaping and shifting the contours of Downtown Miami, FECR has drastically changed its skyline. As the very first developer to see the benefits of urban living in Miami, FECR took a bold step into the future with the development of the Arts & Entertainment District featuring its Omni and Venetia projects, an undertaking that revolutionized the area and framed one of South Florida’s most important residential, trade, and recreation centers.
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. In fact, the best is yet to come, with some of the largest and most electrifying projects that South Florida has ever seen, including the new One Bayfront Plaza, a signature mixed-use project of global stature, and Panorama Tower (currently under construction), an 83-story, mixed-use residential development, which will be the tallest buildings in the Miami skyline. For more information on Florida East Coast Realty, please visit www.fecr.com.
About Florida Community Bank
With $6.7 billion in assets, Florida Community Bank (FCB) is the fourth largest Florida-based bank. Listed on the New York Stock Exchange, (NYSE: FCB), the bank serves the state with over 50 full-service banking centers. The presence of FCB blankets both Florida coasts from Daytona Beach to Miami-Dade, Naples through Tampa Bay to Brooksville, as well as the I-4 Corridor. FCB is consistently ranked among the most highly capitalized banks in the state with capital ratios exceeding the regulatory standard to be considered “well capitalized” by a wide margin. Complete information outlining the depth and breadth of the company is found at www.FloridaCommunityBank.com. Equal Housing Lender, Member FDIC.