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The Big Bubble Miami
Construction at Miami Worldcenter, the second largest urban project under development in the United States, is marching right on toward completion in about 2021 according to the developers. Right now, with over 800 workers on the job site every day, the enormous 27-acre, 10-block, $2 billion multi-use development has two major elements significantly underway, with other portions of the project coming soon.
The Caoba Miami Worldcenter apartments, a 444 unit rental apartment tower on the southwest side of the property and near the future Marriott Miami Worldcenter, will be completed before the end of the year.
Meanwhile, Paramount Miami Worldcenter, the flagship of the project, is right behind it, with construction slated to be completed by the first quarter of 2019. The building topped off earlier this year, and 48 floors of the 60-floor luxury condominium tower are already done. Paramount will have 569 units, a long, long list of amenities, including a soccer field, jogging track, tennis courts, recording studio, observatory, dog park, and skyport for flying cars.
The first phase of a massive open-air retail and restaurant complex is under construction at the base of Paramount and projected to be delivered at the end of 2019. Currently, 140,000 square feet is under construction. This is centered around the north-south open-air pedestrian shopping street. Another shopping street will go east-west, passing Caoba.