Sky-High Penthouse At PARAMOUNT Miami Worldcenter Rents For Record $36K /Mo., Going From Contract To Lease In 24 Hours

Want to get a pulse on Miami’s ultra-luxury real estate market? A one-of-a-kind sky-high duplex penthouse in Downtown Miami’s PARAMOUNT Miami Worldcenter has leased for a record $36,000 per month, going from contract to lease in just 24 hours. The residence hit the market recently asking $40,000 per month, listed with Scott Lawrence Porter of ALTARA Properties. The lease is the most expensive lease ever signed in PARAMOUNT Miami Worldcenter and among one of the most expensive leases in Downtown Miami. The same week Porter also oversaw the lease of PARAMOUNT Miami Worldcenter Unit 3508, a 1,489 SF 2 bedroom residence, for $7,750. ALTARA Properties has now overseen over $2+ million of leases in summer 2022.

The show stopping PH4611 features a brand new buildout which is nearly complete and encompasses 3,995 SF spread over 4 bedrooms and 5.5 bathrooms. Penthouse 4611 offers residents picturesque sunrise and sunset views overlooking all of Brickell and Downtown Miami from nearly every room. Downstairs features direct elevator entry into a private foyer, movie theater, double height ceilings in the living room, gourmet kitchen and staff quarters with private entrance. Upstairs the master-bedroom offers direct bay views with a dropdown TV and a luxurious master-bath with built-in deep soaking tub and marble shower.The residence has never been lived in and is fully furnished with brand new top of the line furniture from select local retailers and all TV's are curved and frame televisions.

Residents will not only enjoy a never before lived in unit but also the lavish amenities at PARAMOUNT Miami WorldCenter. The tower has made international headlines with its Upper Deck which is the largest amenity deck in the U.S., spanning four acres, positioned 90’ above downtown Miami which features an extraordinary array of action-packed luxury amenities. PARAMOUNT Miami Worldcenter is the most amenitized building in the country, with access to 46 different amenities such as 5 pools, spa, outdoor lounge, summer kitchen, game room, state of the art fitness center, boxing studio, basketball court, racquetball, yoga, observatory, jam room and recording studio and much more.

ALTARA Properties is a full service real estate company led by Managing Broker Demetri Demascus, who is also co-founder of PROFILEmiami. ALTARA Properties offers both residential and commercial brokerage and marketing services across South Florida with in-house PR, branding and marketing offered to all agents. ALTARA Properties has over $40+ million in closed transactions since launching in early 2022.

Images via ALTARA Properties, Scott Lawrence Porter & Juliano Photo

Step Inside A Sky-High Ultra-Luxe Penthouse At PARAMOUNT Miami Worldcenter For Rent Asking $40K Per Month

A one-of-a-kind sky-high duplex penthouse in Downtown Miami’s PARAMOUNT Miami WorldCenter has hit the market asking $40,000 per month. The show stopping unit features a brand new buildout which is nearly complete and encompasses 3,995 SF spread over 4 bedrooms and 5.5 bathrooms. Penthouse 4611 offers residents picturesque sunrise and sunset views overlooking all of Brickell and Downtown Miami from nearly every room. Downstairs features direct elevator entry into a private foyer, movie theater, double height ceilings in the living room, gourmet kitchen and staff quarters with private entrance. Upstairs the master-bedroom offers direct bay views with a dropdown TV and a luxurious master-bath with built-in deep soaking tub and marble shower.The residence has never been lived in and is fully furnished with brand new top of the line furniture from select local retailers and all TV's are curved and frame televisions.

Residents will not only enjoy a never before lived in unit but also the lavish amenities at PARAMOUNT Miami WorldCenter. The tower has made international headlines with its Upper Deck which is the largest amenity deck in the U.S., spanning four acres, positioned 90’ above downtown Miami which features an extraordinary array of action-packed luxury amenities. PARAMOUNT Miami Worldcenter is the most amenitized building in the country, with access to 46 different amenities such as 5 pools, spa, outdoor lounge, summer kitchen, game room, state of the art fitness center, boxing studio, basketball court, racquetball, yoga, observatory, jam room and recording studio and much more.

PARAMOUNT Miami Worldcenter PH4611, 851 NE 1st Ave., Miami, FL is currently listed for lease for $40,000 per month by Scott Lawrence Porter of ALTARA Properties.

Images via ALTARA Properties, Scott Lawrence Porter & Juliano Photo

Check Out The Spectacular Views From The Luxurious Artefacto-Designed Penthouses At PARAMOUNT Miami Worldcenter

Stacking up against the competition, the recently completed PARAMOUNT Miami Worldcenter, is soaring to new heights with its exclusive Penthouse Collection Series. Every residence at PARAMOUNT features unparalleled views and every imaginable luxury within also known as the most amenitized building in the country, with access to 46 different amenities such as 5 pools, spa, outdoor lounge, summer kitchen, game room, state of the art fitness center, boxing studio, basketball court, racquetball, yoga, observatory, jam room and recording studio and much more.

PROFILEmiami offers an exclusive look into the Artefacto-designed penthouses perched high-atop the luxury condo tower. Unit 5312 offers 4 bedrooms and 5 bathrooms spread over 3,312 SF. The residence is asking $3,999,000. The unit comes fully furnished by Artefacto without the artwork. The residence is listed with Peggy Olin of One World Properties.

Penthouse 5202 is also a 4 bedroom 5 bathroom residence spread over 3,292 SF asking $4,190,000. The unit also comes fully furnished by Artefacto without the artwork. The residence features vast balcony space in excess of 400 SF offering spectacular views of Downtown Miami. The residence is listed with Peggy Olin of One World Properties.

PARAMOUNT Miami Worldcenter located inside the massive Miami Worldcenter project in the heart of downtown Miami. The nearly sold-out project has more then 57 nationalities represented among its buyer pool. PARAMOUNT Miami Worldcenter is the only residential tower currently for sale within the massive 27-acre mixed-use Miami Worldcenter site. The tower has made international headlines with its Upper Deck which is the largest amenity deck in the U.S., spanning four acres, positioned 90’ above downtown Miami which features an extraordinary array of action-packed luxury amenities. PARAMOUNT Miami Worldcenter was developed by Royal Palm Companies, led by Dan Kodsi. The tower was designed by Elkus Manfredi Architects with interiors by ID & Design International. PARAMOUNT Miami Worldcenter is located at 851 NE 1st Ave.

This article was produced in partnership with Royal Palm Companies.

The Mixed-Use Block H Is Now Rising At Miami Worldcenter Bringing Retail & Restaurants To Downtown Miami

Construction is moving swiftly on Miami Worldcenter’s Block H, which now can be seen rising out of the ground adjacent to the also rising 43-story Luma residential tower and now under construction CitizenM Hotel. Block H will serve as one of the center pieces of the mega-project reinvigorating Downtown Miami including being the main point of drop off with Miami Worldcenter’s main public plaza located adjacent to the immediate north and being one of the developments 2 main parking garages. Block H will feature 48,000 SF of retail and restaurants split between floors 1, 2 and 12 with 922 parking spaces filling the rest of the development.

Miami Worldcenter is a $2 billion mixed-use mega-project coming to Downtown Miami led by Art Falcone, Nitin Motwani. The total retail component will features 360,000 SF of high-street retail which Miami Worldcenter Associates, Taubman Centers and The Forbes Company are currently leasing. Miami Worldcenter is being developed by Miami Worldcenter Associates, Taubman Centers, The Forbes Company, and MDM Group with the master plan designed by Elkus Manfredi Architects. The project includes the PARAMOUNT Miami Worldcenter condo tower being developed by Paramount Ventures led by Dan Kodsi, in addition to a 1,700-key Marriott Marquis Miami Worldcenter Hotel & Expo as well as a 45-story office tower being developed by Hines.  

PARAMOUNT Miami Worldcenter Reveals Contemporary Art Collection For Art Basel With Flying Car

The art of innovation will be on display during Miami Art Week as PARAMOUNT Miami Worldcenter has revealed a prototype of the world’s first flying car along with its contemporary art collection at a special preview exhibit to kick off Art Basel. PARAMOUNT, the world’s most amenitized tower known for its innovative flying car Skyport, will host the exhibit entitled: “Miami 2020 and Beyond” featuring the PAL-V (Personal Air Landing Vehicle) Pioneer flying car and an impressive contemporary art collection including “Red World” by renowned artist Steven Manolis, and “Miami Vice” and “Moons Over Miami” by Miami’s hometown museum-class graffiti artist Ahol Sniffs Glue.

The outer-worldly Dutch-made PAL-V Pioneer, already in production and selling for $599,000 with 70 flying cars already sold, is equipped with retractable overhead and rear propellers and tail wings, and can cruise at an altitude as high as 12,500’. Using automobile gasoline instead of jet fuel, it reaches speeds of 200 miles per hour in the air and 100 miles per hour on the ground.

Miami is regarded as the “City of the Future” and PARAMOUNT prides itself on being light years ahead of all other projects in South Florida. Its 58th floor Skydeck is designed so it can be modified in the future as a Skyport with a hydraulic floor capable of transforming its rooftop pool into a take-off and landing pad for flying cars.

The exhibit unveils works in PARAMOUNT’s permanent collection including a painting by Steven Manolis as well as canvases by acclaimed street artist Ahol Sniffs Glue (also known as David Anasagasti). His murals depicting “drowsy eyes” have gained notoriety with a recent showing at the Norton Museum in Palm Beach and Wynwood’s newly debuted Museum of Graffiti. Two canvases, measuring 12 feet x 14 feet and 12 feet by 15 feet, feature his trademark “eyes” in spray paints combining silvers, grays and whites in step with the tones of the PARAMOUNT lobby and the building’s sophisticated urban design. Other works include dreamy, floating sculptures by Tatiana Blanco, paintings by Janos, photographs by Rafael Balcazar, and Gonzalo Fuenmayor, and many other acclaimed artists.

“We are delighted to support, promote and celebrate innovation as well as prominent local and international artists at PARAMOUNT Miami Worldcenter,” said developer Dan Kodsi. “Miami is the city of the future and an international art world capital. We are pleased to celebrate Miami Art Week by unveiling our Contemporary Collection.”

PARAMOUNT, located inside the massive Miami Worldcenter project in the heart of downtown Miami, is 90% sold with more than $400 million in sales of their 500+ city- and bay-view residences. Tower residences range in size from 1,180 SF to 2,350 SF, with prices starting at $750 per square foot. It has more than 57 nationalities represented among its buyer pool.

The only residential tower currently for sale within the massive 27-acre mixed-use Miami Worldcenter site, PARAMOUNT has made international headlines with its Upper Deck. It is the largest amenity deck in the U.S., spanning four acres, positioned 90’ above downtown Miami. It features an extraordinary array of action-packed luxury amenities that include the country’s first outdoor soccer field to be featured in a high-rise residential development; two tennis courts; multiple resort-style pools; lush parks and spa baths, among others.

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.

For more information about PARAMOUNT Miami Worldcenter, private showings or purchasing/ leasing information please fill out the form below:

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.

PARAMOUNT Miami Worldcenter Rolls Out Rooftop Skyport in Anticipation of Urban Aviation

PARAMOUNT Miami Worldcenter will house some of the finest, most advanced and most numerous amenities of any residential tower in the United States. Developer Dan Kodsi recent took the offering to the next level as thew world prepares for urban aviation. Kodsi is building a Skyport, located on the roof of the 60-story condo tower in anticipation of flying cars. The Skyport cant help but drum up memories of the Jetsons, the family of the future. 

Kodsi made modifications to the rooftop design of the tower in order to accommodate a 5,000 SF Skyport. He is preparing his state-of-the-art future-forward residential tower, which will top off construction this August, with the ability to convert its rooftop into a Skyport for vertical takeoff and landing (VTOL) aircraft, also known as passenger drones, or what some may call “flying cars.”

“Imagine traveling from Miami to Palm Beach—a drive that takes the better part of two hours—in about 30 minutes. That stop-and-go traffic to the suburbs could become a burden of the past for PARAMOUNT residents,” said Kodsi.

Kodsi is not only a veteran developer, with a masters in urban planning and a 30-year career delivering more than 6,000 units, but he also has a background as a recreational pilot.

"The future of transportation is here within the next 10 to 15 years and urban aviation is closer to reality than you might expect. The flying vehicles will use airspace to alleviate transportation congestion and traffic on the ground for quicker daily commutes, and cleaner air around the world. These vehicles are more like a helicopter, but much quieter, run electronically and are environmentally friendly,” said developer Dan Kodsi. “PARAMOUNT Miami Worldcenter prides itself on its amenities and high-tech features. While the industry still has many regulatory hurdles to clear, we are excited to be at the forefront of urban aviation with what can one day be the first residential Skyport in Miami.”
 
Ever since UBER Elevate announced it would begin testing its urban air taxis in Dallas-Fort Worth, Los Angeles and Dubai in 2020, a galactic style race erupted from tech, aircraft manufacturers and automakers both domestic and international to develop flying cars. Including the German developers of Volocopter and Lillium, Airbus’s Vahana, the Chinese developers of Ehang 184 and Terrafugia, Google’s Kitty Hawk Flyer and Workhorse Surefly. 

Check out the video below;

Construction Update: PARAMOUNT Miami Worldcenter Reaches Milestone Halfway Point At 30-Stories

PARAMOUNT Miami Worldcenter has reached a construction milestone halfway mark after completing the 30th floor of the glass tower’s rise. When completed, the tower will rise 60-stories and on course for its top off in summer 2018 with completion anticipated for Q1 2019. Earlier this year, PARAMOUNT reached another new high, closing a $285 million construction loan, among the largest on record for a new condominium tower in the City of Miami. PARAMOUNT Miami Worldcenter is reportedly more than 70% sold out of its 513 condo units with $360 million in sales. Units range in size from 1,180 to 2,350 square feet, with prices starting at $750 per square foot. 

PARAMOUNT Miami Worldcenter is known as the most amenitized building in the country and has made international headlines with its Upper Deck, which will debut as the largest amenity deck in the U.S., spanning 90' above downtown Miami featuring an extraordinary array of 40 action-packed resort style amenities which include a resort style pool complete with floating pods, the country’s first outdoor soccer field to be featured in a high-rise residential development; two tennis courts, boxing studio, jam room, basketball court, golf simulator, state-of-the-art fitness center, guest suites, Sky Observatory, Tai Chi deck, and a rooftop entertainment deck 60-stories above the Miami skyline, amongst others. PARAMOUNT Miami Worldcenter is also the only residential tower currently for sale within the massive 27-acre mixed-use Miami Worldcenter site. 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.

“Seeing PARAMOUNT at its midpoint just six months from top off is a stunning moment for our team underscoring the continued progress as we bring this extraordinary, landmark project to life,” said developer Dan Kodsi. “This announcement marks another major milestone for the project and in the evolution of downtown Miami. We have a lot of excited residents that we cannot wait to welcome.”

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.

Check-out PROFILEmiami's exclusive interview with Dan Kodsi, developer of PARAMOUNT Miami Worldcenter.