Ten Percent Of Units At Paramount Miami Worldcenter Reserved In Two Months

Buyers have put down deposits to buy just over ten percent of units at Paramount Miami Worldcenter, the developer told TRD yesterday.

Reservations on the project’s 472 units began in November, with prices starting at $533 per square foot. A 2-story, $2 million sales center is now under construction at 1010 Northeast Second Avenue and will open in February.

Developers Daniel Kodsi, Art Falcone and Nitin Motwani plan to begin construction on the 699-foot tower later this year, with completion scheduled for summer 2018.

 

 

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Obviously
5 years ago

Hmmm…ten percent of the units reserved already and the sales center hasn’t even been built yet…wonder what the naysayers will bash this development over now?

Martim
5 years ago

That there are too many Chinese living within the structure.

thisguy...
5 years ago

we could say that there are too many latino in 90% of all buildings in Miami. Stop being racist jerk! Diversity can only help Miami.

XVS
5 years ago

$533/sq ft is a tremendous bargain for this building.

Peter
5 years ago

Why? You can buy finished space for less in the 4 buildings nearby.

Anonymous
5 years ago

But do those buildings have a soccer field?!

XVS
5 years ago

First of all, this building is far more architecturally pleasing than all of the others. But they have unimpeded water view, you may say, so it’s a wash, I guess. Inferior view is compensated by superior architecture.

Second, those other buildings already have six years on their odometer. They also were built when developers were running out of money and cut every corner they could. Units were sold “decorator-ready”, so common areas of the buildings are beat up by all the contractors coming and going every day. Paramount will be delivered “turnkey” as I understand, huge plus.

And third, when you have an amenities deck looking like Tahiti resort, and you can grab your Starbucks or a pizza, and get a haircut without leaving a building – in your pajamas if you wish – then why wouldn’t you pay slightly more than Marina Blue, and same as 900 Biscayne? Anyone with a shred of common sense would.

Obviously
5 years ago

Also XVS, you forgot to mention that MWC is proposed to contain quite a number of establiments that serve alcohol. Residents will be able to go-an-get smashed with their guests and the only thing they’ll have to ride back home is the elevator.

By the way, your “haircut” quip sold me.

Anonymous
5 years ago

Stopped reading after your claim that most buyers prefer architecture over views. Maybe on this site, but I hardly believe that includes the majority opinion.

Obviously
5 years ago

So you didn’t read his “getting pizza and a haircut in pajamas” point?

Forget the architecture and views, his point of not having to get out your pajamas if you don’t want to sold me.

Anonymous
5 years ago

will never happen…no views.

XVS
5 years ago

How would you explain the construction of the CityCentre then?

gregory
5 years ago

Haha you got them with that one.

Anonymous
5 years ago

Brickell Citycentre is in the middle of Brickell with a shopping center which is BUILT.
Paramount Miami is in the middle of no mans land…
Brickell Citycentre has more views than Paramount which looks at the metal railings of Marina Blue…
And remember Swire started selling the residential once they were well ahead in construction of the shopping mall, that is why brokers sold there, because they knew the buildings would be finished faster and they would get paid.
And by the way BCC was built with no sales ..to the point that their last tower is close to being completed and they have not yet sold 20% of the units..
Brokers will not be waiting for their commissions at Paramount Miami and probably put their clients in jobs that pay faster.

marc
5 years ago

The shopping/retail/24 hr entertainment will be BUILT as well and will be far from a no man’s land with a BUILT convention center/hotel and a BUILT All Aboard Florida terminal connected to it. Oh, and a Tri-Rail station too. No man’s land? Really?

Obviously
5 years ago

Brickell Citycentre’s last tower is close to being completed? Really? Well then that means this development is at least a year ahead of schedule.

BrickellBrok
5 years ago

Brokers who only steer clients based on commissions give a bad name to all Realtors. I had a client who reserved at Paramount based on amenities and the design. The units are spacious and have an amazing layout.

This project has way better views for the South units then Brickell City Centre.

Anonymous
5 years ago

Great congrats…curious to know which units and at which price?
How do they pay commissions?

Marc305
5 years ago

I love comments from people who have no idea about real estate and who hide behind anonymous monikers. Anyone who buys in this area is making a great decision. The plans, already set in motion, are to make this area into a second Brickell, and it will happen. Properties around World Center will most definitely go up. In 2009 I had a client who purchased 4 units in Neo Vertika (before City Centre had put a brick on the ground), including a penthouse for $210K. He could sell that one unit today for almost 2 and a half times as much and it has only been 6 years. Visionaries ride the waves of success, nay sayers sit on the sidelines and talk about how everyone will crash and burn.

Anonymous
5 years ago

Marc305. As you said, your client bought in Neo Vertika and made 2.5 his money (he purchased in Brickell…a proven stablished area when the crash).
There is a reason why the Four Season, The Mandarin Oriental, big law firms, insurance companies, world top restaurants, etc, are located in Brickell.
Downtown and Edgewater are two cicles away from Brickell (15-20 years behind).
This only reminds me of Paramount Bay. Same developer, same game,10 years latter!!!.
Great building to invest @ 20 cents on the Dollar in 2020!!!. Love it!!!