MLH Exclusive – Paramount Miami Sales Breakdown and Redesign Update

 
We have a lot of important new updates about Paramount Miami Worldcenter…yes, it is 55% sold, but we have the actual sales breakdown, AND a brand new “presentation” with the significant information about the “redesign” of the project.

Last Friday, one of my clients who has purchased multiple units in the building and I visited the sales gallery to receive a full overview of specific details and changes to the project.

Paramount Miami Worldcenter is 55% Sold

Paramount Miami has 55% of its units under hard contracts with money in escrow.

The Breakdown…

Of all sales at Paramount Miami Worldcenter, the split is equal, 50% of the units sold are on the west side of the building and 50% of the units sold are on the east side of the building.

Percentage of Units Sold to Date at Paramount Miami Worldcenter

To further breakdown the sold inventory by east vs. west side, 61% of all east-facing units have been sold and 53% of all west-facing units have been sold.

*Please note that the east side of the building has 6 units per floor and the west side of the building has 7 units per floor.

Percentage of Units Sold to Date at Paramount Miami Worldcenter – East vs. West Side

Even further, lets drill down to look at high floors vs. low floors sold in quadrants…from floors 10-25 on the east side of the building 58% of that inventory has been sold and from floors 26-45 on the east side of the building 68% of that inventory has been sold.

*Below, we explain that an 8^th and 9^th floor has just recently been added to the building, which may slightly skew these numbers.

Sales Distribution on the East Side of Paramount Miami Worldcenter – High vs. Low Floors

From floors 10-25 on the west side of the building 68% of that inventory has been sold and from floors 26-45 on the west side of the building 45% of that inventory has been sold.

*Below, we explain that an 8^th and 9^th floor has just recently been added to the building, which may slightly skew these numbers.

Sales Distribution on the West Side of Paramount Miami Worldcenter – High vs. Low Floors

Redesign of Paramount Miami Worldcenter

Everything has been in flux over the past year since an announcement of the “redesign” to the retail portion of Miami Worldcenter was announced. Since Paramount Miami sits atop Miami Worldcenter, any changes to Miami Worldcenter certainly would impact Paramount Miami.

The redesign will bring the following 3 major changes to Paramount Miami Worldcenter:

1. Addition of New Amenities
2. Addition of 2 full floors of residences (8^th & 9^th floor)
3. PRIVATE parking garage for residents of Paramount Miami

Explanation…

The change from a traditional box mall to a high-street retail, Lincoln Road-type shopping center has impacted the height of Miami Worldcenter.

Miami Worldcenter was originally planned to be 120-feet high, but has been redesigned to be 90-feet high. This impacts the amenity level for Paramount Miami which originally sat on the 9th floor, or 120 feet above street level and will now sit on the 7th floor, or 90 feet above street level. Most wouldn’t consider this much of a change but the first question that comes to mind is, does the condo tower and all units in it now sit 30′ lower than originally designed? The answer is NO…the height of Paramount Miami has not changed.

With the amenity level originally on the 9th floor, units in the tower began on the 10th floor. What the developer of Paramount Miami has done is added 2 full levels of units on the 8th and 9th floors since the amenity level is now on the 7th floor.

Furthermore, the height change allowed the developers to add a lower level of amenities that were not originally in the plans. This is how the developer was able to add a full business center, yoga studio, half-court basketball court and a racquetball court on the lower levels, not to mention that the developer also snuck in a super cool observatory and a game room with a golf simulator.

Below, you will find an updated breakdown of all amenities now being offered in the building with “The Most Amenities in the World!”

Updated Amenities at Paramount Miami Worldcenter

7th Floor Amenity Deck at Paramount Miami Worldcenter

Upper Deck Amenity Level at Paramount Miami Worldcenter

SkyDeck Amenity Level at Paramount Miami Worldcenter

Also, a HUGE major improvement to Paramount Miami is that all residents will be able to park within the actual residence tower, exclusive ONLY to residents. Originally, the parking for both the residential tower and the retail portion shared a parking garage. Now, with the high-street retail splitting the building, the parking garages have been separated.

DOWNLOAD THE BRAND-NEW UPDATED PARAMOUNT MIAMI BROCHURE

Why Paramount Miami Worldcenter???

As most of you know, I have been a big proponent of Paramount Miami Worldcenter since its launch in November of 2014. In fact, we have written about the project over 30 times, operate www.ParamountMiamiCondos.com and have sold many, many units to clients from around the globe.

I am asked all the time why it is one of my favorite projects in Miami, and my answer has always been the same, it will forever change the face of Miami. Too many agents have varying opinions of what is the “best” project in Miami, “best” views, “best” value, etc. I am not saying Paramount Miami is the “best,” what I am saying is that it will forever transform Miami. Miami Worldcenter, which Paramount Miami sits atop, encompasses 28 acres of land. It is so big, that it is only 2nd in size in the U.S. to Hudson Yards in NYC. In fact, the developers of this mega-project have been working on the assemblage of the land necessary to complete Miami Worldcenter for over 15 years. Nowhere in any other major metropolitan city in America are you able to assemble this much contiguous land to put together a project like this.

If you, or someone you know, are interested in purchasing at Paramount Miami Worldcenter, please contact Michael Light. You can reach Michael on his cell phone at (786) 566-1700, directly at his office at (305) 350-9842 or via email at michael@miamiluxuryhomes.com.