Agents marketing Paramount Miami Worldcenter say that they are making progress in selling pre-construction units.
As of last week, 25 percent of the 513 units in the project had been reserved, broker Peggy Fucci told The Real Deal. That equates to approximately 130 units.
Buyers have come from 20 different countries, Fucci said. Chinese buyers have reserved ten of the units, and Fucci expects that eventually 20 percent of units will be sold to buyers from China.
The developer opened a $2 million sales gallery this weekend, and invited over 1,000 people to celebrate the event.
Construction on the $400 million project is expected to begin this summer. Reservations will be converted into contracts beginning in May.