Paramount Miami Worldcenter Now 55 Percent Sold, Near Construction Loan

Over 55 percent of units at Paramount Miami Worldcenter are now sold at prices averaging $700 per square foot, the developer told The Real Deal yesterday.

The developer completed the acquisition of the site this week for $26.275 million.

A construction loan for the project is expected to be closed on within the next two months, according to the developer.

New retailers will also be announced over the coming year, the developer said.