PARAMOUNT Miami Worldcenter, the residential tower that all but knocked out the competition with its blockbuster amenities like a boxing gym, jam room, futuristic Jetson’s style Skyport and soccer pitch, has just received its TCO (temporary certificate of occupancy). Closings are underway.
No longer ringside to the excitement,residents hailing from a staggering 56 countries are making preparations to move in and begin enjoying the urban lifestyle, “center ring” to the best that Miami offers.
“We’re thrilled to achieve this construction milestone. It is so rewarding to see the building reach this final stage as we prepare to open the doors to the hundreds of families who will call PARAMOUNT home,” said developer Dan Kodsi.
Soaring 60 stories and commandeering the Miami skyline, PARAMOUNT is the most amenitized and most talked about building in the country. More than 750 workers have worked nearly around the clock for three years to finish the tower on time and deliver the signature tower of Miami Worldcenter, the massive 27-acre mixed-use project, second only in size to New York’s Hudson Yards.
Developed under the leadership of Dan Kodsi and Miami Worldcenter Associates and created by award-winning architecture firm ElkusManfredi -- in collaboration with interior designer IDDI and landscape architect DS Boca - sales and construction for the tower began in 2015. To date, 90% of the 500+ residences have been purchased by an array of buyers spanning the globe, making it among the most international buildings on the planet.
With a nearly half billion in sales,PARAMOUNT has a limited assemblage of city- and bay-view residences remaining. Tower residences range in size from 1,180 to 2,350 square feet, with prices starting at $750 per square foot.
PARAMOUNT’s residents enjoy an authentic New York-style pedestrian-friendly lifestyle, rich with culture and entertainment. Located within walking distance to the city’s most celebrated cultural and entertainment landmarks such as the Adrienne Arsht Center, Pérez Art Museum Miami, Phillip and Patricia Frost Museum of Science, and the American Airlines Arena – residents will be just an elevator ride away from Miami’s waterfront and the vibrant blend of retail, restaurants, and nightlife planned for the mixed-use development.
“PARAMOUNT is Miami’s newest landmark and we are so very excited to have received the TCO. We cannot wait for our buyers to experience the unrivalled PARAMOUNT lifestyle firsthand,” said Peggy Fucci, CEO of OneWorld Properties, the exclusive sales brokerage for the project.
The only residential tower currently for sale within the mixed-use Miami Worldcenter site, PARAMOUNT has made international headlines with its Upper Deck, which will debut as the largest amenity deck in the U.S., spanning 90 feet 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, among others.
For additional information about PARAMOUNT Miami Worldcenter, call (855) 756-0123, see www.PARAMOUNTmiami.com or visit the sales center at 1010 NE 2nd Ave., Miami, FL 33132.
About PARAMOUNT Miami Worldcenter’s Development Team:
Daniel Kodsi is a real estate industry veteran with more than 25 years of experience developing a diversified portfolio of mixed-use, multi-family, condominium and planned single-family developments. With $2 billion in completed projects, he brings a proven track record of identifying underserved market opportunities, executing complex large-scale projects, and generating value for private and institutional investors. With 27 separate development projects completed and underway and more than 6,000 units successfully developed or repositioned, he is consistently credited for defining new neighborhoods with award-winning projects.
Miami Worldcenter Associates, led by Principals Art Falcone and Nitin Motwani, serves as the master developer for the mixed-use Miami Worldcenter project. With more than 35 years of experience, Falcone has been involved in purchasing, financing, developing and managing a wide range of real estate product types. Falcone serves as CEO of Encore Housing Opportunity Fund, which has raised more than $1 billion in equity, and is director of Rescore REIT, which has approximately $3 billion in development. Falcone also serves as CEO and Chairman of the Falcone Group, a vertically integrated real estate organization whose subsidiaries have developed billions of dollars of real estate across the country.
Motwani serves as Managing Director of Encore Housing Opportunity Fund, which currently has over $1 billion of planned investments in Florida, California, Texas, and Arizona. He previously served as President of Merrimac Ventures and as an equity derivatives trader at Goldman Sachs in New York.
In 2011, Miami Worldcenter Associates partnered with CIM Group, a Los Angeles-based real estate investment company that makes equity and debt investments in urban communities throughout North America.
About Miami Worldcenter:
Occupying nearly 30 acres in the heart of downtown Miami, Miami Worldcenter is one of the largest private real estate developments underway in the United States. The ten-block project will include world-class retail, hospitality and residential uses in the center of Miami’s urban core. All told, the project is expected to account for $2 billion in new investment within downtown Miami. Learn more at www.miamiworldcenter.com.
