Workers officially broke ground in early March for Miami Worldcenter, claimed to be one of the largest urban mixed-use projects in the country, and its signature residential tower, PARAMOUNT Miami Worldcenter. Occupying 27 acres in the heart of downtown Miami, Miami Worldcenter will include retail, hospitality, and residential uses. Second in size only to New Yorks 28-acre Hudson Yards development, the project is expected to account for $2 billion in new investment in downtown Miami.
CoastalTishman, a joint venture between Miami-based Coastal Construction and New York-based Tishman Construction, an AECOM company, is close to completing installation of 400, 150-foot-deep pilings necessary to support the glass-clad tower designed by Elkus Manfredi Architects in collaboration with PARAMOUNT Miami Worldcenters in-house design team. Upon completion of the pilings, CoastalTishman will start building the horizontal foundation needed for vertical construction.
When completed in 2018, residents will be within walking distance of Miamis waterfront and most celebrated cultural and entertainment landmarks. Miami Worldcenter will also serve as an intermodal hub for the downtown MetroMover and Metrorail elevated transit systems. Adjacent to the development will be the main terminal now under construction of Brightline, All Aboard Floridas privately funded intrastate high-speed railroad that will connect Miami, Fort Lauderdale, West Palm Beach, The Space Coast, and Orlando.
The 700-foot-tall, 60-story PARAMOUNT Miami Worldcenter features a rooftop deck, which developers tout as the largest amenity deck in the United States. The amenity deck will include a resort-style pool complete with floating pods and private bungalows, and a sports and entertainment complex that includes the countrys first outdoor soccer fields to be featured in a high-rise residential development, two tennis courts, and boxing.
The tower will be constructed atop a portion of master developer Miami Worldcenter Associates High Street retail component, a pedestrian-oriented shopping streetscape that will be developed in collaboration with The Forbes Company and Taubman. The retail promenade will create a retail focal point surrounded by residential towers, a hotel and exposition center, and numerous dining and entertainment options.
Featuring more than 500 city and bay-view residences, PARAMOUNT Miami Worldcenters units will range in size from 1,180 to 2,350 square feet, with prices averaging $700 per square foot.
Information provided by Miami Worldcenter (miamiworldcenter.com).