Construction of PARAMOUNT Miami Worldcenter–the flagship tower of Miami Worldcenter–has reached the 50th floor.
At a recent Media Day, the development team of the unprecedented 27-acre mixed-use project in the heart of Miami, updated and gave a tour to about 15 media outlets. They donned yellow vests and hard hats and enjoyed the spectacular view from the 48th floor.
On track for completion in the first quarter of 2019 and 75 percent sold, the 60-story tower will feature 569 luxury residences and 40+ amenities. OneWorld Properties is proud to be the tower’s exclusive sales and marketing agent.
PARAMOUNT developer Dan Kodsi said the glass-clad tower with a skydeck designed like an Italian yacht will serve as a downtown Miami landmark.
Art Falcone, founding principal of Miami Worldcenter Associates, recounted how the vision for “a city within a city” unfolded.
“We bought the first two parcels (in 2003),” he said.
Then the pioneers kept buying more and more in Miami’s urban core.
“Over 100 parcels of land from 30 different owners. This took over a decade to put together,” explained Nitin Motwani, managing principal of Miami Worldcenter Associates.
“With Brickell to the south, the bay … to the east, Edgewater, Wynwood, the Design District to the north, and Overtown to the west, there’s just not a better location.”
It is the second-largest project in the country under way after New York City’s Hudson Yards.
“The transit component is what will define us, not this year, but five to 10 years from now; this is what makes our site so unique,” Nitin adds.
The site is a Brightline or Tri-Rail train ride from Fort Lauderdale and West Palm Beach, and Brightline will also eventually reach Orlando. Access to Miami International Airport, Coconut Grove, and the University of Miami in Coral Gables are all a Metromover and Metro ride away. It’s also right off I-95 and I-395 for those driving or taking Uber or Lyft.
You can walk to AmericanAirlines Arena, Miami Dade College, Phillip and Patricia Frost Museum of Science, and Perez Art Museum of Miami, or catch a show at the Adrienne Arsht Performing Arts Center or game at Marlins Park a mile away.
But you may never want to leave Miami Worldcenter, which will feature two iconic parks and two pedestrian-only streets lined with boutiques and restaurants.
“This project is designed for the pedestrian,” says Motwani, envisioning people pushing strollers, bicycling, running, and walking.
“We want to be crystal clear that this is a place for the community.”
Miami Worldcenter will also offer boutique condo and apartment towers, the Marriott Marquis World Convention Center Hotel with 1,700 rooms and 500,000 square feet of convention space, a 45-story office tower by Hines, and up to 450,000 square feet of retail.
“This will be one of the most important developments in the United States of America,” says Nate Forbes, president of the project’s retail developer, The Forbes Company.
“This is something near and dear to our hearts. This community backs this project,” adds Motwani, thanking the county and city.
“Twelve public hearings all unanimously decided in our favor. We didn’t have lobbyists. It was us that were up there. One-hundred community meetings. We have created over 4,000 jobs … 3,000 from Miami-Dade. We’re focused on local hiring.”