New Year Rings In A First Urban Villas Unveiled At Paramount Miami Worldcenter Countdown To Completion Begins

New Year Rings In A First Urban Villas Unveiled At Paramount Miami Worldcenter Countdown To Completion Begins


Read the PDF version »

citybizlist

The New Year rings in the first urban villas from Downtown Miami’s “super tower,” PARAMOUNT Miami Worldcenter, and celebrates its official countdown to completion.

Developers saved the best for last, unveiling today an exclusive collection of just four, two-story urban villas. Promising a new benchmark for luxury city living, the grand standalone residences feature three bedrooms, a den and four bathrooms, a rooftop for entertaining as well as private sky pools. Boasting 2,576 square feet of interior space and 2,038 square feet of exterior, the urban villas range from $3.5 to $4.5 million – they are the most unique residences offered at PARAMOUNT Miami Worldcenter located inside the massive 27-acre complex, often compared to New York’s Hudson Yards as one of the country’s most visionary and largest mixed-use developments.

Located steps from the spa on the pool level, the ever chicvillas 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.

PARAMOUNT’s residents won’t need to see the ball drop in Times Square to enjoy an authentic New York 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.

“We’re thrilled to introduce our ultra-luxury, limitedvillacollection, 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.”

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.

Known as the most amenitized building in the country and regarded for the fact that it put the “world” in Worldcenter with more than 50 nationalities represented among its buyer pool - PARAMOUNT is 85 percent sold with $400 million in sales of their 500+ city- and bay-view residences. Tower residences range in size from 1,180 to 2,350 square feet, with prices starting at $750 per square foot.

Construction crews from general contractor, CoastalTishman, celebrated the building’s top off in August 2018 and PARAMOUNT 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, home to a population that has doubled in size since 2000, with a streetscape that has become more pedestrian-friendly in recent years.

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.