Nitin Motwani

Paramount Miami Worldcenter Receives TCO - Now Completed

Paramount Miami Worldcenter

Paramount Miami Worldcenter

The 60 story Paramount Miami Worldcenter in Downtown Miami has received its temporary certificate of occupancy and is now completed, according to The Real Deal.

Construction on Paramount Miami Worldcenter started to go vertical November 2016 before topping off in August 2018.

With 569 residential units, Paramount Miami Worldcenter is 90% sold.

The rental tower Caoba Miami Worldcenter was the building to be completed, in January of this year, as part of the 27 acre Miami Worldcenter complex.

Previous construction photos of Paramount Miami Worldcenter can be viewed here.

Downtown Miami Building Sold For $16.53M

90 NE 11th Street

A 11,250 square foot building located at Downtown Miami at 90 NE 11th Street was sold for $16.53 million, according to SFBJ.

The building was sold by Miami Worldcenter developer Nitan Motwani and purchased by Chiron Investments. 

Miami Worldcenter Construction Updates + New Renderings

Miami Worldcenter Construction Site

Miami Worldcenter Construction Site

At the 27 acre Miami Worldcenter site just North of Downtown Miami, site work continues with any previous buildings on the land completely demolished and removed. The project will have residential towers including Paramount, hotel, convention center and retail. 

Originally, the retail portion of Miami Worldcenter was to include an enclosed 765,000 square foot mall that was to be anchored by Macy's and Bloomingdale's. The developers, Miami Worldcenter Associates, have changed plans and now will have a "high street" retail concept as an open air mall that will be more pedestrian friendly. The open air mall will run down NE 10th St to NE 7th St between NE 1st Avenue to NE 2nd Avenue.

The official groundbreaking on Paramount and retail will begin next month in March.

Miami Worldcenter Open Air Mall Renderings