The Real Deal Miami

Paramount Miami Worldcenter’s foundation takes shape: PHOTOS

More than 100 concrete trucks lined the block to lay the condo tower's foundation

November 09, 2016 12:00PM

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In one of Miami’s biggest concrete pours this year, more than 700 construction workers spent 30 hours laying the foundation for Paramount Miami Worldcenter, marking a major milestone for the 60-story luxury condo tower.

The massive undertaking began in the wee hours of Saturday, Oct. 22, as 100 concrete trucks lined the corner of Northeast Eighth Street and Northeast First Avenue to deliver their loads. By Sunday afternoon on Oct. 23, 13,000 cubic yards of concrete weighing some 52 million pounds had been poured over the tower’s metal framework.

With its foundation complete, vertical construction can begin on the 700-foot tower, bringing it closer to the developer’s expected 2018 completion date. The 513-unit tower is being built by Dan Kodsi, Nitin Motwani and Art Falcone as part of the larger Miami Worldcenter mixed-use development that underwent a massive redesign earlier in the year.

So far, 50 percent of the condo tower’s units have entered contract with prices averaging $700 per square foot, according to the developer.

Paramount will sit directly next to Worldcenter’s 450,000 square feet of high street retail space, and the project as a whole will also feature a 429-unit apartment project from Orlando developer ZOM. The MDM Development Group recently scored approvals for its redesign of the project’s companion development, the Marriott Marquis Miami Worldcenter Hotel & Expo, which now is slated to bring 1,700 hotel rooms to the area. — Sean Stewart-Muniz

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