Santander marked a major milestone in its U.S. growth story with a groundbreaking ceremony yesterday at the site of its future Miami office tower, “1401 Brickell by Santander.” The 50-story development in the heart of Miami’s financial district underscores the bank’s broader growth strategy in the United States and its long-term commitment to the South Florida region.
“Miami has long been central to our U.S. story. We opened our first private banking office here in 1979, and our growth in Miami continues to this day, with the opening of the Santander Work Café and new Openbank location in recent years. The U.S. is a highly strategic market for Santander where we continue to invest. Our recently announced agreement to acquire Webster Bank, and now the groundbreaking of 1401 Brickell, underscore our commitment to the U.S. and confidence in our franchise here.”
Ana Botín
Executive Chair of Banco Santander
1401 Brickell by Santander, which will span approximately 1.6 million square feet, is designed as a premier mixed-use destination featuring office space alongside retail, dining, and wellness offerings. Plans include seven levels of amenities and a sky terrace restaurant with panoramic views of Brickell Avenue, positioning the building as a central hub within Miami’s business ecosystem. The project will be home to Santander employees and businesses, including its U.S. wealth business—Santander Private Banking. The building also will provide office space for third-party tenants.
Christiana Riley, CEO and President of Santander US, emphasized how the project reinforces the bank’s customer-first approach.
“At Santander, everything we do starts with our customers, and our growth in Miami reflects how we are evolving to meet their needs with more flexible, accessible banking experiences. Miami plays a unique role as a gateway to the Americas, and this development will enable us to better serve our clients, support our teams, and deepen our connections across communities worldwide.”
Christiana Riley
CEO and President of Santander US
Designed by Handel Architects in collaboration with Bernardi & Peschard Arquitectura, the building will adhere to the highest international standards for sustainable construction, incorporating advanced energy efficiency, connectivity, and security technologies.
Santander Private Banking currently operates a hub in Miami, where it has been providing best-in-class services for global private banking clients for more than 40 years. In recent years, Santander has continued to expand its footprint across South Florida. In 2025, Santander Bank unveiled its first Openbank physical location in the United States located in the Miami Worldcenter. A year earlier, it launched its second U.S.-based Santander Work Café in Coconut Grove, and opened 34 ATM locations across the region.
“We are combining digital innovation with physical spaces that foster connection and community,” said Riley, who was joined by other Santander leaders, partners and local government officials at the groundbreaking event. “We’re proud of the impact we’re making across South Florida and excited to continue expanding our reach to serve more customers and businesses across the region.”
With a target delivery of 2029, 1401 Brickell by Santander is expected to contribute to the continued evolution of Brickell as a global financial hub while enhancing the area’s retail and pedestrian experience and supporting broader economic growth and talent attraction in the region.