830 Brickell Moves to Evict Banco Master After Months of Unpaid Rent

Overview

• The building’s owner filed a Miami-Dade state court complaint on December 4 seeking to remove Banco Master from two leased floors for nonpayment dating to September.
• Banco Master signed a 10‑year lease in July 2024 worth about $58 million but never built out or occupied the space, with monthly rent of $423,320 alleged as unpaid.
• The landlord rescinded the lease shortly after controller Daniel Vorcaro’s November arrest and removed the bank’s name from the exterior signage.
• Brazil’s central bank ordered Banco Master into extrajudicial liquidation in November; Vorcaro denies wrongdoing, was jailed for roughly two weeks, and was released under monitoring conditions.
• Valor reports the owner as Watson Brickell Development, which declined comment, while a Vorcaro spokesperson said the U.S. expansion was discontinued and the eviction is being handled through contractual and judicial channels.