The Real Deal Miami

Sky-high amenity: observatory planned for Paramount Miami Worldcenter

Telescope will be connected to a digital screen so everyone in the room can see the stars

June 22, 2016 04:30PM
By Ina Cordle

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Rendering of observatory at Paramount Miami Worldcenter

Condo dwellers who want to gaze at the stars will have a new amenity at Paramount Miami Worldcenter: a rooftop observatory.

The 60-story tower is now planning to convert open space on the top floor of its SkyDeck to a glass-enclosed room with a telescope, Dan Kodsi, Paramount Miami Worldcenter’s developer, told The Real Deal.

The 1,200-square-foot observatory will have 12-foot-high floor-to-ceiling windows with panoramic views and a skylight for star gazing, he said. “It will be another cool amenity to use at night,” Kodsi said.

The observatory’s telescope will be connected to a digital screen, so everyone in the room can see the sky. “It will be a group activity,” he said. A glass elevator from the 56th floor lounge will lead up to the space.

The 513-unit Paramount Miami Worldcenter broke ground late last year with foundation work and will start to come out of the ground in September, he said.

The project is currently close to 50 percent sold, Kodsi said. Buyers from 36 countries have signed contracts for units, with Venezuela, Brazil, China and the United States representing the top four nations.

Other amenities include a soccer field, tennis courts, pools and a running course, all part of an outdoor sports complex on the condo tower’s ninth floor recreation deck.

The $400 million condo project, developed in partnership with Miami Worldcenter’s developers Nitin Motwani and Arthur Falcone, is at the core of the 27-acre Miami Worldcenter project. It is expected to be completed by late 2018.

In January, Miami Worldcenter scrapped plans for a mall in favor of “High Street” retail. The retail component will now span five blocks of pedestrian-only promenade, encompassing about 400,000 square feet of retail space. The area will be bordered by Northeast Seventh Street to the south, Northeast 10th Street to the north, Northeast Second Avenue to the east and North Miami Avenue to the west.

Miami Worldcenter’s development will also include apartments, a hotel and exhibition center. ZOM’s 429-unit luxury apartment building, Luma, will rise along Northeast Second Avenue. And Miami-based MDM Group plans to develop a new Marriott Marquis hotel near the intersection of Northeast Seventh Street and North Miami Avenue.