A high occupancy rate could spur the developers to begin building the second tower at Caoba, which will rise 40 stories and include 411 units. Permitting for the second tower is complete and the project is shovel ready.
Also at Miami Worldcenter, the 43-story Luma apartment tower is now rising with 431 units, while others are in the planning stages including Kenect.
Paramount Miami Worldcenter is now either 90 percent or 95 percent sold, according to separate account in Miami Today and the Herald. There have been 250 closings as of earlier this month.