Mar
08
Miami WorldCenter Breaks Ground on Residences
ByWhen the first phase of the 27-acre Miami WorldCenter mixed-use development is complete, Miami will be home to one of the country’s tallest residential buildings.
Rendering of Miami Worldcenter’s signature luxury residential tower, PARAMOUNT Miami Worldcenter (PRNewsFoto/PARAMOUNT Miami Worldcenter)
The initial phase of the massive $1.7 billion Miami Worldcentermixed-use development is underway with a groundbreaking for Paramount Miami Worldcenter, a 500-residence luxury condominium property. The 60-story skyscraper will cost $500 million to complete.
The 27-acre Miami Worldcenter is currently the second largest development in the U.S., just behind the 28-acre Hudson Yards project in New York City, and its offerings will only enhance those that will be available at Paramount. If Miami Worldcenter will be a city-within-a-city, then Paramount will be a live-play destination within a city-within-a-city. The soaring high-rise, which will hold the distinction of being one of the tallest luxury residential towers in the country, will be a highly amenity-rich property with such features as a multi-level rooftop deck and an entire floor of entertainment and spa offerings. And then there are the private elevators down to a promenade with High Street-style retail and upscale restaurants…
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