Construction Complete at $500M Miami Worldcenter Condo Tower
Paramount Miami Worldcenter, a 60-story condominium tower at the 27-acre Miami Worldcenter mixed-use project, has received its temporary certificate of occupancy. Closings are now underway at the 569-unit tower, which cost around $500 million to build. To date, 90% of the residences have been sold.
The residential tower has received plenty of buzz for its over-the-top amenities, like a futuristic Jetson’s style Skyport for flying cars and its Upper Deck, which will debut as the largest amenity deck in the U.S. The deck, which is 90 feet above downtown Miami, will feature the country’s first outdoor soccer field at a high-rise residential development, as well as two tennis courts and a resort-style pool.
OneWorld Properties handled sales at Paramount, with units ranging in size from 1,180 to 2,350 square feet. Prices start at $885,000, and go all the way to $10.4 million. The developer of the residential tower is Dan Kodsi and Miami Worldcenter Associates.
Miami Worldcenter is the second-largest urban development underway in the U.S., behind New York’s Hudson Yards.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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