Paramount Miami Worldcenter’s foundation takes shape: PHOTOS

Miami /
Nov.November 09, 2016 12:00 PM

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


Related Articles

arrow_forward_ios
Merrimac Ventures co-CEOs Nitin Motwani and Dev Motwani. (Merrimac)
Motwanis’ Merrimac Ventures scores $72M construction loan for Plantation apartments
Motwanis’ Merrimac Ventures scores $72M construction loan for Plantation apartments
 Miami Worldcenter Associates developers Art Falcone and Nitin Motwani and RPC’s Dan Kodsi with a rendering of the project (Royal Palm Companies)
Dan Kodsi’s firm pays $34M for site of 50-story tower at Miami Worldcenter
Dan Kodsi’s firm pays $34M for site of 50-story tower at Miami Worldcenter
Dan Kodsi and Legacy Hotel & Residences
For future pandemics, Miami Worldcenter plans $60M health center
For future pandemics, Miami Worldcenter plans $60M health center
Ira Saferstein and Marc Roberts, with a rendering of Miami Worldcenter
E11even owner Marc Roberts returns to Miami Worldcenter with $27M purchase
E11even owner Marc Roberts returns to Miami Worldcenter with $27M purchase
(Credit: Redwood Media Group)
Developers and brokerages are getting creative for Art Basel
Developers and brokerages are getting creative for Art Basel
Rendering of Legacy Hotel and Residences with Dan Kodsi and Peggy Olin
Developer Dan Kodsi plans hotel-condo tower at Miami Worldcenter
Developer Dan Kodsi plans hotel-condo tower at Miami Worldcenter
Paramount Miami Worldcenter Skyport
South Florida by the numbers: New mobility and transportation
South Florida by the numbers: New mobility and transportation
Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B
Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B
Miami developer Dan Kodsi plans large St. Petersburg project that could cost $2B
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...