Goodbye Old Downtown; Hello Worldcenter
by Sep Niakan | August 24, 2015
Developers for the Miami Worldcenter megaproject are beginning their demolition work, starting with the groundbreaking coming soon for the project.
Demolition crews began demolishing the former Mekka nightclub in the end of July, and several other buildings on the property are going down as well.
The Mall at Miami Worldcenter, Paramount Condo Tower, and ZOM rental tower will be the first subprojects to come as part of Phase One. Construction with take approximately three years, according to developers.
Dan Kodsi, developer of Paramount, said that there are reservations for about 40% of the units, which is a little over 200 of the 513 units that they have planned. A 50% deposit is required for reservations, and prices average around $700 per square-foot. They are already beginning to convert reservations into contracts as we speak.
Of the 200 units sold, 13% came from China, meaning Chinese buyers purchased around 25 units.
Brokers for Paramount said that there were reservations for 25% of the units in Paramount back in April. If the numbers match up, that means around 80 units have sold in the past three months.
Photo credit: thenextmiami.com
by Sep Niakan | January 12, 2017
According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...
by Sep Niakan | January 09, 2017
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...
by Sep Niakan | January 08, 2017
Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...
by Sep Niakan | December 28, 2016
We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...