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Paramount Miami Worldcenter Commences Contract Conversion Process

PARAMOUNT Miami Worldcenter is pleased to announce that the contract conversion phase of the first and only residential tower currently for sale within the 30-acre Miami Worldcenter site is under way.  With official site demolition imminent, the development team continues to pave the way for PARAMOUNT’s debut, making the first component of the highly-anticipated mixed-use project a reality.

Sales have been nothing short of extraordinary, with current sales representing over 40% of the building.  Capitalizing on the sales momentum, the development team will be demolishing the existing site located at 950 NE 2nd Ave over the next four weeks as reservations are converted into hard-binding contracts.

The demolition comes on the heels of the Miami-Dade County commission’s recent unanimous approval of Miami Worldcenter’s Community Development District. Currently comprised of a multitude of former warehouses, the demolition will make way for PARAMOUNT Miami Worldcenter’s official groundbreaking scheduled for Fall of 2015.

 

 

“This announcement is yet another major milestone that solidifies the exceptional momentum of this project,” said developer Daniel Kodsi. “We look forward to beginning construction on this revolutionary tower and introducing the unrivalled PARAMOUNT lifestyle to the heart of Miami’s urban core.” 

A building with true global appeal, PARAMOUNT Miami Worldcenter has attracted a full roster of buyers hailing from 25 countries as diverse as China, Brazil, Venezuela, Turkey, Russia, Argentina, and Colombia among many others. As PARAMOUNT buyer and Turkish soccer star Aurelien Chedjou Fongang noted,“This is the first building in Miami to be a true 24/7 building, where there will always be something to do at any time of the day.”

“The initial success of the sales process and incredible international appeal is a testament to how this one-of-a-kind project has been received by our buyers,” said Peggy Fucci, CEO of OneWorld Properties, the exclusive sales brokerage for PARAMOUNT Miami Worldcenter. “Buyers from all around the world understand the unprecedented value of this cutting-edge, amenity-rich property and the unique opportunity to live in Miami’s premier ‘city within a city.’”

When completed in 2018, PARAMOUNT Miami Worldcenter residents will enjoy an unparalleled location just an elevator ride away from the exciting array of retail, restaurants, office space, lush parks, galleries and nightlife planned for the cosmopolitan development.  Residents will be within walking distance of Miami’s waterfront and most celebrated cultural and entertainment landmarks such as the Adrienne Arsht Center, Pérez Art Museum Miami, Patricia and Phillip Frost Museum of Science, and the American Airlines Arena. Also located nearby is the new Marriott Marquis World Convention Center Hotel and All Aboard Florida’s Grand Central Station, which will allow residents direct service to Orlando in three hours, as well as connectivity to the Metro Mover and nearby Miami International Airport.  

Set to break ground in Fall 2015, PARAMOUNT Miami Worldcenter is comprised of over 500 city and bay-view residences. The expansive residences will range in size from 1,180 to 2,300 square feet, with prices averaging $700 per square foot. The project is slated for occupancy in 2018.

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.