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
Original content The
Real Deal
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