60-Story Miami Worldcenter Apartment Tower Caps Change to City Horizon

Paramount Miami Worldcenter developers are completing vertical construction on the 60-story residential high-end tower, capping a nearly $4 billion task that’s altering among the biggest skylines in the United States Southeast.

The last beam was put Friday atop the highest point in the condominium covering 10 blocks stretching 27 acres in Miami’s downtown. Developers say the job is one of the greatest now under building and construction in the United States.

During an event for the mixed-use job this morning at 129 NE 8th Ave., flags from 50 nations flew atop the building, representing the citizenships of the various purchasers. Argentina, Mexico, Russia, Greece and Guatemala are among the countries represented in the purchaser pool for a job where the typical apartment price tops $1 million.

” Miami has become a truly global city and this building is a clear indication of that,” developer Dan Kodsi said in a declaration.

The 569-unit structure has actually generated more than $400 million in presales so far, designers said. Units range from 1,180 to 2,350 square feet each, and tenancy is set for early next year.

Features include an outdoor soccer field, 2 tennis courts and a resort-style pool total with cottages and rental properties.

Aside from the condominium tower, Worldcenter will have a 444-unit apartment building that is arranged to open in the fourth quarter of 2018, and an office tower with approximately 600,000 square feet slated for 2021.

Nitin Motwani is handling partner of a development group that consists of Art Falcone. When finished, the development will feature an open-air retail, dining and home entertainment center, a 1,700-room Marriott Marquis and a 2nd house tower.

Paul Owers, South Florida Market Press Reporter CoStar Group.

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