It depends on the size of the hole. A small sleeve, say 200mm dia, could be justified by verifying the excess capacity of the column strip, but if you are cutting a large section of the column strip then you have to do a full FEM analysis of the structure to gauge the force distribution.
A reasonably thick flat plate and column frame structure can be used as a lateral resisting system, but it is limited to 1-5 story buildings located in low seismic and wind hazard areas. These limits are not codified, it is just that you can't make it work beyond that.
I don't believe the building that collapsed in Miami is employing this system, if that is the case then it is substantially underdesigned and should not be inferred as a case in point to discredit the system. Lateral resisting systems for flat plate structures are used all over the world and are acceptable according to many design standards.