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A Millionaire's Global Guide to Luxury Real Estate
By Jennifer Agress
Elite travelers everywhere have always loved coming to Miami—and with luxury real estate and a solid cultural scene taking over the Magic City, now they want to live there, too. Sitting in the heart of Downtown Miami, those looking to get a slice of the Miami life can take a peek at a new development, set to open in early 2019, that’s sure to blow Miami’s residential buildings out of the city’s sparkling Atlantic Ocean waters. This new development, which sits in the middle of an entirely new urban community, is called PARAMOUNT Miami Worldcenter; and once built, it will be the most amenitized building in America.
Thanks to a partnership between PARAMOUNT developer Daniel Kodsi and Miami Worldcenter developers Art Falcone and Nitin Motwani, PARAMOUNT Miami Worldcenter will be unlike anything Miami or Florida, for that matter, has seen before. While the building has already reached its halfway point of construction at more than 30 stories high, the final building will stretch 60 stories high and be made entirely of glass. Making it stand out even more, PARAMOUNT will be part of the larger Miami Worldcenter, currently one of the largest master planned developments under construction in the United States, an urban center made up of 27 acres (ten blocks!) of shops, restaurants, open spaces and more. A sparkling gem in Miami’s towering Downtown metropolis, PARAMOUNT Miami Worldcenter will be a luxury destination of its own; and when complete, it will set a new standard for living in Miami.
“We really put a lot of thought into the experience of the building. It’s all modern design, with high-end finishes,” says Kodsi. “Even the architecture of the building itself is impressive: it’s an all-glass building. We’re going to light it up at night, so between that and the glass, you won’t be able to miss it. I think it’s really going to become a symbol for Miami.”
In addition to its luxurious city-and bay-view condominiums, each of which measure 1,180 to 2,350 square feet, PARAMOUNT’s “crowned jewels” are its 26 signature, ultra-luxury penthouses. There will be 18 penthouses and eight, deluxe two-story “duplexes,” all of which will be in the circular upper core of the 60-story skyrise, part of the tower’s four-level, Italian yacht-inspired Skydeck. Ranging from 3,500 to 6,000 square feet apiece, the latter of which have up to five bedrooms each, these Downtown Miami “palaces” will have everything residents could ever need or want at their fingertips. This includes: private elevator access to each penthouse or duplex, sprawling entertainment spaces, 10-foot high ceilings, designer European bathrooms with rain showers and spa tubs, and real chef-level kitchens with 12-foot islands and the highest quality Gaggenau appliances, like a full-size wine cooler and premium induction cooktops, to name a few. Of course, it goes without saying that the real luxury amenity is the view. Befitting the $3.5M to $10M price tag of each penthouse or duplex, every residence will have unparalleled 180-degree views of Downtown Miami and Biscayne Bay.
“It’s almost like a vertical country club, with its tennis, basketball, soccer, and resort pools. There were lots of parking decks in the area, and we took them and converted them to amenity spaces – so we have four acres of amenities right in the middle of Downtown,” says Kodsi. “We’re selling poolside bungalows and cabanas to go with each residence, which is something you would normally only find on the beach. No one’s ever done something like this before in Downtown Miami, and when we announced this to our buyers, the waiting list went out the door. Our bungalows are selling for the price of a home in Miami-Dade County, so that’s where we are at from a luxury standpoint.”
And when they move there, they’ll have everything they need right downstairs. On the four-level Skydeck, residents and their guests will be able to take advantage of the building’s exclusive sky view lounge, sunrise pool, observatory, infinity pool, sundeck and even a Tai Chi deck. Like Kodsi mentioned, residents will have exclusive access to purchase their own poolside bungalow or cabana on the Upper Deck, each spanning 227 square feet and including an entertainment area, a bar, a bathroom with a shower, and even their own rooftop terrace. On top of that, thanks to the Miami Worldcenter right downstairs, all residents will also just be a short elevator ride away from an exciting array of Miami shops, restaurants, office space, lush parks, galleries and nightlife that’s planned as part of Miami Worldcenter’s development. Leave the Worldcenter and they’re in Miami’s most metropolitan neighborhood: just steps from the Adrienne Arsht Center, Pérez Art Museum Miami, Phillip and Patricia Frost Museum of Science, the American Airlines Arena, the Metro Mover, and the All Aboard Florida’s Miami Grand Central Station, which will take residents on a direct-service fast train to Orlando in three hours.
While Miami has always been known as a melting pot of different cultures, PARAMOUNT’s residents really put the ‘world’ in PARAMOUNT Miami Worldcenter; with 50 different countries represented in its initial buyer pool alone.
“We’re calling this building the most international building in the United States,” says Kodsi. “Name the country, and we have a buyer from there, from Brazil, Colombia and China, to Denmark, Turkey, India, Russia, Kuwait, Egypt and even Israel. We have a combination of second-home owners and investors from all around the world that just want a piece of Miami.”
For Kodsi personally, this building is the highpoint of a 26-year career spent primarily in residential development—and he feels lucky that he gets to do it in South Florida, a place he also calls home.
“This is a project that, if you asked 22 year-old Dan when he started his career, what his dream project would be, I would probably describe something like this. You know, a mixed-use setting, highrise, an all-glass building with some kind of flagship tower and unique architecture,” Kodsi says. “The culmination of everything that this project represents is a dream for me, and there’s just no city in the world like Miami.”
And just like it has impacted Kodsi, what’s most impressive about this building is how much it’s going to impact South Florida, too.
“Miami Worldcenter is going to change Downtown Miami forever,” Kodsi says. “What’s great about it is you still have another six vacant blocks that surround Miami Worldcenter, so when these blocks get developed, it’s going to be something that continuously grows. Part of this project is that they’re redoing all of the streets, putting in a parking area that’s five blocks, 13-foot-wide sidewalks, big open plazas—this is going to become the Rockefeller Center of Miami. Then you have everything around it, too; you have the Adrienne Arsht Center, the American Airlines Arena, all the museums, the new Brightline train station connecting Orlando to Miami just a block away. So all of this is happening and it’s going to become not just the epicenter of Miami, but the epicenter of South Florida. You’ll see people from Broward and Palm Beach County saying ‘Hey, let’s go to the city!’ And when they go to the city, this is where they’re going to go.”
The ten-block Miami Worldcenter will extend between 2nd Avenue and Miami Avenue, ending at 11th Street. PARAMOUNT Miami Worldcenter is currently the only residential development in this new community. The sales gallery for PARAMOUNT Miami Worldcenter is located at 1010 Northeast 2nd Avenue, Miami, FL 33132. All units are expected to be complete by early 2019. For more information about PARAMOUNT Miami Worldcenter, or to discuss buying one of the residences yourself, visit www.PARAMOUNTmiami.com or contact the sales team at (855) 756-0123.