The condominium site at the 27-acre Miami Worldcenter project sold for $26.28 million as construction on the project continues.The new Worldcenter in Downtown Miami should be ready in the year 2018. Many international families , specialy from Russia, Europe and South America bought her new appartment in Floridas Sunny City already.
The $1.5 billion Miami Worldcenter is slated to bring residential, retail, a hotel convention center and a large amenity deck on the north side of downtown Miami. The master developer is Miami Worldcenter Associates and it’s funded by Boca Raton-based Falcone Group and Los Angeles-based CIM Group.
Miami Worldcenter would have open air retail and amenities atop its buildings.
In the recent deal, Miami Worldcenter Associates affiliate Miami A/I Parcel 2 Subsidiary sold 2.5 acres at southeast corner of Northeast 10th Street and Northeast 1st Avenue for $26.28 million to Tower 2 LLC, managed by Daniel Kodsi. The transaction included seller financing of $12.98 million.
Kodsi has been leading the development of Paramount Miami Worldcenter, the site’s 60-story condo tower. With 512 units, the condo would be attached to parking garage and retail/restaurant building topped by an amenity deck featuring pools, a soccer field, tennis courts and more. The condo would also have a rooftop amenity deck shaped like a yacht.
Because of its prime location in the city, Miami Worldcenter will stand as the new heart of Downtown Miami.
According to ISG World’s Miami Report, the condos in Paramount Miami Worldcenter were 52 percent pre-sold as of October.
Developers started site work on Miami Worldcenter in March and the foundation for both the condo and the retail was poured in October.
Other phases of Miami Worldcenter would include 338,036 square feet of “high street” retail, a 429-unit apartment tower in partnership with ZOM; and the Marriott Marquis Hotel with 1,700 rooms and 350,000 square feet of convention space in partnership with MDM Group.
