MIAMI, Nov. 13, 2014 /PRNewswire/ -- One of the country's largest mixed-use projects -- and one that is poised to transform the City of Miami -- will soon have a soaring, 60-story condominium tower rising from its base. The 706-foot high-rise will offer a dramatic window to America's "City of the Future."
The highly-anticipated PARAMOUNT Miami Worldcenter residential tower was announced today, set to tower above retail giants Macy's and Bloomingdale's in the heart of downtown Miami's Miami Worldcenter, which at nearly 30 acres rivals New York's mega-project, Hudson Yards. The announcement comes on the heels of a recent cover-story by Departures magazine, which named Miami as "America's City of the Future."
PARAMOUNT Miami Worldcenter – the first and only residential tower currently for sale within the expansive Miami Worldcenter site -- will be just an elevator ride away from the vibrant blend of retail, restaurants, office space, lush parks, galleries and nightlife planned for the cosmopolitan mixed-use development. PARAMOUNT Miami Worldcenter is being developed by Daniel Kodsi -- creator of PARAMOUNT Bay and PARAMOUNT Fort Lauderdale Beach -- along with Miami Worldcenter master developers Art Falcone and Nitin Motwani. The tower's architectural designs are a collaboration between renowned architect Elkus Manfredi and PARAMOUNT's team of Miami-based designers.
"For two years we traveled to the world's most dynamic metropolises, like Berlin, Paris, Dubai, Tokyo and Singapore - both modern and ancient - to frame our vision for the future of Miami's downtown, and to help put into place our dream for a true 'city within a city,'" said Miami Worldcenter Managing Principal and project visionary Art Falcone, who is also the CEO of Encore Fund.
"This project will change and undeniably revolutionize the face of Miami, offering an unmatched destination to live, work and play in the heart of Miami's urban core," added Nitin Motwani, Miami Worldcenter Managing Principal.
Located directly across from Biscayne Bay and flanked by cultural landmarks, such as the American Airlines Arena, Adrienne Arsht Center and the Perez Art Museum Miami, PARAMOUNT Miami Worldcenter will be within walking distance of the new Marriott Marquis World Convention Center Hotel and All Aboard Florida's Grand Central Station, and just minutes from Miami International Airport and the Beaches.
"Nowhere in the world will residents have such a concentrated volume of amenities, public transportation options and landmark entertainment venues directly within a few blocks of their doorsteps," said Kodsi. "Miami Worldcenter and PARAMOUNT Miami Worldcenter's location will offer unparalleled access to professional sporting events, concerts, ballets, museum tours and more – all within a short walkable radius. The features and accessibility of this project are impossible to replicate anywhere else across the globe."
Comprising 466 city and bay-view residences, PARAMOUNT Miami Worldcenter will be adorned with a large amenity deck, cascading gardens and infinity pools and crowned with a sleek four-story rooftop deck, designed to mirror the architectural accents of an Italian yacht. Created with end users in-mind, the expansive residences will range in size from 1,300 to 2,300 square feet, with prices starting at $700 per square foot. The project is scheduled to break ground in the first quarter of 2015 with occupancy slated for the third quarter of 2018.
Residences of PARAMOUNT Miami Worldcenter will be exclusively marketed and brokered by leading international real estate and marketing firm OneWorld Properties -- led by President and CEO Peggy Olin Fucci. OneWorld Properties also spearheads sales for the PARAMOUNT brand's Fort Lauderdale outpost, PARAMOUNT Fort Lauderdale Beach.
"PARAMOUNT Miami Worldcenter's transcendent architecture and comprehensive mix of premier amenities will offer a complete and diversified package for luxury living in the heart of a true global city," added Fucci.
A sales center is currently under construction at 1010 NE 2nd Ave, Miami, FL 33132 and will open in January. For additional information about PARAMOUNT Miami Worldcenter, call (855) 756-0123 or visit www.PARAMOUNTmiami.com.
SOURCE PARAMOUNT Miami Worldcenter