PARAMOUNT Miami Worldcenter Receives TCO As Tower Powers Towards Completion

PARAMOUNT Miami Worldcenter has received its TCO as the $500 million, 60-story tower is powering towards completion with closings expected to commence in the coming weeks. The residential tower features 569-units which start at $885,000. The tower is 90% sold with buyers representing 56 countries. PARAMOUNT Worldcenter features more than 40 amenities including resort style pool complete with floating pods, tennis courts, soccer pitch, boxing studio, basketball court, golf simulator, state-of-the-art fitness center, Sky Observatory, Tai Chi deck, and a rooftop entertainment deck 60 stories above the Miami skyline.PARAMOUNT Miami Worldcenter is being developed by Dan Kodsi with Art Falcone and Nitin Motwani. PARAMOUNT Miami Worldcenter is the luxury residential condo tower that is part of the larger $2 billion, 30-acre Miami Worldcenter initiative that will transform Miami's urban core via world-class high-street retail concept with shopping, dining, entertainment, hospitality, office space, a Marriott Marquis Miami Worldcenter Hotel & Expo Center, apartment rentals, amongst others.

PARAMOUNT Miami Worldcenter Reveals Urban Villas Starting At $3.5 Million

PARAMOUNT Miami Worldcenter has revealed their exclusive collection of four, two-story urban villas, the most unique residences offered at the massive 27-acre complex, which has been compared to New York’s Hudson Yards as one of the country’s most visionary and largest mixed-use developments. The standalone residences span 2,576 SF of interior space with 2,038 SF of outdoor space and feature three bedrooms, a den and four bathrooms, a rooftop for entertaining as well as private sky pools. The urban villas, which are priced ranging from $3.5 to $4.5 million, are located steps from the spa on the pool level amenity deck and will offer direct access to the parking garage for added convenience. They will also be just an elevator ride away to the buildings Skyport should the future of flying cars become reality, and regulatory hurdles are met.

“We’re thrilled to introduce our ultra-luxury, limited villa collection, which offers the best of both worlds – a single-family home in the sky in an urban setting,” said developer Dan Kodsi. “We’ve saved the best for last. These villas will appeal to a very special buyer, who appreciates the world at their fingertips.”

“The debut of these exceptional villas adds yet another dimension to the unrivaled offerings at PARAMOUNT Miami Worldcenter,” said Peggy Fucci, CEO of OneWorld Properties, the exclusive sales brokerage for the project. “It is simply elevated living at its best.”

PARAMOUNT Miami Worldcenter is currently the only residential tower for sale within the mixed-use Miami Worldcenter site. It will be the most amenitized building in the country, features a massive amenity deck, Upper Deck, which will also be the largest amenity deck in the U.S., spanning 90’ above downtown Miami and featuring the country’s first outdoor soccer field to be featured in a high-rise residential development; two tennis courts; a resort-style pool; and multiple bungalows, among others.

PARAMOUNT Miami Worldcenter is 85% sold with $400 million of the 500+ city- and bay-view condo residences with buyers representing over 50 nationalities. Tower residences range in size from 1,180 to 2,350 SF, with prices starting at $750 per square foot. Construction crews from CoastalTishman celebrated the building’s top off in August 2018 and it is on course for building completion this spring. The tower is constructed atop Miami Worldcenter’s high street retail component, a pedestrian-oriented shopping streetscape that is being developed in collaboration with The Forbes Company and Taubman. Miami Worldcenter’s retail plan reflects downtown Miami’s emergence as one of the country’s fastest-growing urban centers, where the population that has doubled in size since 2000, with a streetscape that has become more pedestrian-friendly in recent years.

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PARAMOUNT Miami Worldcenter Tops Off In Downtown Miami With Over $400 Million In Sales

PARAMOUNT Miami Worldcenter has officially topped out in Downtown Miami as the tower is now an icon on the Miami skyline. Development and construction teams celebrated the banner moment by raising 50 flags from around the world atop the Miami Skyline in celebration of the more than 550 construction workers who helped achieve the milestone. The 50 flags represent the most global buyers in one residential building in the United States. The signature residential tower of the massive 27-acre mixed-use Miami Worldcenter development is being developed by Dan Kodsi, Nitin Motwani, and Art Falcone and the project’s general contractor, CoastalTishman, a joint venture between Coastal Construction and AECOM Tishman. Construction crews from CoastalTishman poured the massive building foundation in October 2016.

“This is a banner moment for PARAMOUNT Miami Worldcenter and we celebrate our construction team, sales team, financial institutions and future residents from around the world who made this vision possible,” said developer Dan Kodsi. “Miami has become a truly global city and this building is a clear indication of that with buyers from more than 50 countries. We take enormous pride in knowing that this tower reflects the soul of Miami – its diversity and potential has resounded overwhelmingly with families from around the world and we are one step closer now to welcoming our first residents home.” 

“The completion of vertical construction at PARAMOUNT – our signature condominium tower – marks another major milestone for Miami Worldcenter and the continued metamorphosis of downtown Miami,” said developer Nitin Motwani, managing principal of Miami Worldcenter Associates. “I want to personally thank CoastalTishman, and our entire team of professionals who helped us reach this stage. From this point forward, we’re going to see a steady stream of Miami Worldcenter’s mixed-use elements delivering to market – residential, retail, office and hotel – as our vision for a ‘city within a city’ in Downtown Miami becomes reality.”

“All of us at CoastalTishman are honored to build this landmark tower for Paramount Ventures and commemorate this moment with the entire team,” said Tom Murphy, Jr., chairman and CEO of Coastal Construction Group. “It’s so gratifying to be a part of such a visionary development that is changing Miami’s cityscape.”

PARAMOUNT Miami Worldcenter is the only residential tower currently for sale within the mixed-use Miami Worldcenter site. The tower features the largest amenity deck in the U.S., spanning 90' above downtown Miami featuring an extraordinary array of action-packed amenities that includes the country’s first outdoor soccer field to be featured in a high-rise residential development; two tennis courts; a resort-style pool; and multiple bungalows and villas, among others. In all, PARAMOUNT Miami Worldcenter offers 500 city- and bay-view residences. Units range in size from 1,180 SF to 2,350 SF, with and prices start around $750 SF.

PARAMOUNT Miami Worldcenter has achieved more than $400 million in sales. The tower is constructed atop Miami Worldcenter’s high street retail component, a pedestrian-oriented shopping streetscape that is being developed in collaboration with The Forbes Company and Taubman. Miami Worldcenter’s retail plan reflects downtown Miami’s emergence as one of the country’s fastest-growing urban centers, home to a population that has doubled in size since 2000, with a streetscape that has become more pedestrian-friendly in recent years.