Address: 1010 NE 2nd Avenue, Miami
Neighborhood: Downtown
Est. Completion: 2017
# Units: 470
# Floors: 55
# Parking Levels: 8
Est. Maintenance/SQ FT: TBA
2 Bedroom Price Range: $980,000 +
Ross’s Comments – What you Need to Know about Paramount World Center
The Paramount Miami World Center Condo is the main residential tower of the to be constructed mixed-use Miami World Center development, dubbed a “city within a city”.
The 27 acres mixed use development will comprise of a 1 million square foot mall anchored by Bloomingdale’s and Macy’s, a major convention center and 1,800 room Marriott Marquis hotel.
The best feature of the Paramount Miami is the size and scope of the amenities on the 9th level and multi-level “Skyview Deck” rooftop on the 55th level, which includes a full size soccer field, two tennis courts, jogging track, music studio, resort pool, picnic / BBQ areas, Skyview lounge and yoga deck.
Although the residences will offer 10 foot ceilings and private elevator access, the distribution of the living space appears to be challenged with so many angled interior walls and dead space.
The Miami World Center will be connected to the new All Aboard Florida high speed rail main Miami station, which as a main transport hub will also further stimulate and open up this part of the city.
BUILDING QUALITY
MANAGEMENT
LOCATION
RENT FRIENDLY
ACCESSIBILITY
FINANCING
DESIGN & EFFICIENCY
AMENITIES
WALKABILITY
PET FRIENDLY
PARKING
SECURITY
UNIT SIZES 1,294 – 2,376 sq. ft (120 – 221 m²)
UNIT TYPES 1, 2 and 3 bedrooms
# OF UNITS 470
# OF FLOORS 55
# OF PARKING LEVELS 8
ARCHITECT Elkus Manfredi Architects
DEVELOPER Daniel Kodsi / Art Falcone / Nitin Motwani
PET POLICY TBA
Expansive 1,900 sq. ft. double-height lobby
Porte Cochere with 24-hour valet
Private direct 3rd floor access into The Mall at Miami Worldcenter
Relaxation Lounge and Areas
Outdoor lounge with seating and Bath Gardens
Spa / Salon Treatment Rooms and Steam Showers
Yoga Studio, Boxing Studio and Aerobics Area
Hair/Nail Bar
State-of-the-art fitness center
Kids Play Room and Recreation Lounge
Jam Room Recording Studio
Upper Deck Resort Pool & Cabanas
Summer Kitchen with BBQ
Floating seating pods
Sunken Pods with firepits
Children’s Playground
Soccer Field
Tennis Courts
1/2 km jogging path
Skyview Lounge
Sunrise Pool
Firepit
Infinity Pool
Sundeck
Tai Chi Deck
DOWNTOWN MIAMI
After more than a decade of unprecedented public and private investment, downtown Miami has clearly turned a corner from what was once a strictly nine-to-five district into a 24/7 livable city. Since 2002, real estate projects with a value of close to $18 billion have been developed in downtown Miami, creating a strong base of commercial and residential development and serving as a magnet for new businesses and residents.
Downtown Miami is an urban residential neighborhood, and the central business district of the city of Miami and Miami-Dade County. Downtown is the historic, cultural, financial, and commercial center of South Florida, tracing its history back to the 19th century. With recent mass construction of high-rise residential buildings, several hotels and office towers, downtown continues to experience significant growth, with new shops, bars, parks, and restaurants opening up, attracting many new residents. According to the Miami Downtown Development Authority, Downtown Miami’s population has doubled over the past ten years and now has over 74,000 residents with a median household income of $70,800.
Downtown Miami is also the home of the vibrant Adrienne Arsht Center for the Performing Arts, American Airlines Arena, Perez Art Museum Miami, and Frost Museum of Science. The Perez Art Museum Miami is the new anchor of the 29-acre Museum Park overlooking Biscayne Bay and includes public gardens and sculpture installations. This vital downtown park is central to efforts to strengthen greater Miami’s momentum as an emerging global capital. A vibrant mix of green space and cultural offerings, in addition to the landmark new art facilities the park will also be the future home of the Frost Museum of Science.
In addition to the development and growth of the area in general, a massive $1.5 billion mixed use development dubbed “a city within a city”, the Miami World Center, is about to break ground. The mixed use development will consist of a massive 1 million SF shopping mall, 1,800-room Marriott Marquis Hotel, a 600,000 SF convention center, and three high rise towers with over 1,200 residential units.