City Within A City
By Linda Marx
“Miami has the excitement and energy of Dubai,” said Nitin Motwani, a developer of the upcoming Paramount Miami Worldcenter, an unprecedented sophisticated residential development, set to tower above retail giants Macy’s and Bloomingdale’s in the heart of downtown Miami’s Miami Worldcenter. But this is no typical ultra-luxury high-rise – it’s one that will offer plenty of surprises, like a private soccer field; a jam room fully equipped with drums, guitar, piano and recording studio; and a sleek four-story rooftop deck designed to look like an Italian yacht. “With all of these attractions in one central hub, Miamians can live well and walk everywhere, like in Paris.”
Together with Art Falcone and Paramount Miami Worldcenter condominium developer Daniel Kodsi, the three partners are creating a city within a city – a veritable urban oasis in downtown Miami with the ambience of a chic beachfront resort. When completed, it will be the second largest project of its kind in the U.S., occupying 10 blocks on about 30 acres, which is expected to attract $2 billion in new investment within the downtown area, including a pedestrian mall on Seventh St. and the 1,800-room Marriott Marquis World Convention Center Hotel.
Incorporating Aspects From Top Metro Cities
To prepare for the creation of Paramount Miami Worldcenter – and its dynamic mixed-use residential, retail and commercial components being constructed on the site of old warehouses downtown – its principals spent two years traveling to fascinating international cities. They sought out metropolitan areas that combine the old with the new like Paris, Berlin, Tokyo, Singapore and Dubai. Utilizing what they learned, Motwani believes Paramount Miami Worldcenter will revolutionize the face of Miami. The development will offer an unmatched destination to live, work and play in the heart of the city’s urban area.
“Downtown Miami has been a mass of old warehouses since 1930,” says Kodsi, an experienced developer who has created 25 projects around Florida, including
Paramount Bay in Miami and Paramount Fort Lauderdale Beach. Falcone, Motwani and Kodsi have known each other for years, so it made sense for them to work together on development projects like this one. Kodsi was impressed the men were working with the Forbes Co. and Taubman Properties,
the shopping center specialists who are assembling retailers for the 765,000-square-foot Mall at Miami Worldcenter. Kodsi could see the future of building residences combined with retail, which will include the finest high-end stores, galleries, restaurants and night clubs. The partners realized quickly they have the fire power to create a master plan community.
A Closer Look
Located directly across from Biscayne Bay, the project is near entertainment and cultural destinations. Residents can walk or take a car service to American Airlines Arena for Miami Heat basketball games and concerts; or to the Adrienne Arsht Center for the Performing Arts, Perez Art Museum Miami (PAMM), Frost Museum of Science, Wynwood Arts District, Bicentennial Park and Bayfront Park.
This plum central location is what makes Paramount Miami Worldcenter stand out as the new hub of urban Miami, which will change the lifestyle experience for
residents. “Nowhere in the world will residents have such a concentrated volume of public transportation options, landmark cultural and entertainment venues and
lifestyle amenities directly within a few blocks of their doorsteps,” says Kodsi.
PARAMOUNT has secured deposits from buyers in 20 different countries – 85 percent from South America, Europe and the Middle and Far East – and will be a superior luxury residence. The stunning edifice will rise 706 feet with 60 stories and have about 500 units with private elevators, 10-foot high ceilings, the latest technology and balconies that can be converted to outdoor living rooms. Buyers pick from one, two or three bedroom-with-den units, or penthouses. Prices range from about $700,000 to $5 million per residence, with an amenity package like no other. There are well-landscaped gardens, infinity pools, and let’s not forget the soccer field. An outdoor two-acre sports complex on the 9th floor will also have tennis courts, a jogging course and yoga deck. Other showstoppers on the six-acre amenity deck include the spa’s outdoor bath gardens, pool pods, beachlike seating, a dozen Balinese style, two-story villas surrounded by pools, and a variety of unusual water features. Inside will delight with a fitness center, boxing studio and jam room fully equipped with drums, guitar, piano and recording studio.
EXPECT THE UNEXPECTED
“With every turn, there is something new,” says Kodsi. “PARAMOUNT residents don’t even need to go outside to dine, as they are just an elevator ride away from restaurants.”
Across the street will be urban courtyards and green parks with lots of open space so no one feels crowded while walking, biking, sightseeing, or playing with their pets.
“We are excited about Paramount Miami Worldcenter because it will have a resort atmosphere yet be located downtown with so much to do,” says Kodsi. “When
residents look up and see buildings all around, they can revel in a modern, urban, 24-hour city.”