MIAMI | World Center | 10+ Towers

[JR Ewing]

Good news !

[chris08876]

Indeed. Just as a reminder, keep in mind that this project has many towers in it. The current title has "?" because all of the floors and heights are not known as of yet. Only for the signature tower. Post #28 best illustrates the whole complex.

[dave8721]

From the Miami Herald today:
http://www.miamiherald.com/news/loca...le3852019.html

Worldcenter unveils plan for first tower in Miami’s Park West
BY ANDRES VIGLUCCI
AVIGLUCCI@MIAMIHERALD.COM

The long-awaited, and at times controversial, Miami Worldcenter megaproject unveiled plans Wednesday for its first tower, a 470-unit, 60-story lux condo that would be embedded into the planned three-level shopping mall stretching across three and a half blocks in the old Park West district.

Its developer, Daniel Kodsi, says his Paramount Miami Worldcenter condo is further proof that the massive mixed-use project, first approved by the city as a special district nearly a decade ago, is a definite go, portending the revitalization of a long-derelict stretch of downtown. At the end of last year, the project’s master developers, Miami Worldcenter Associates, brought in major mall developers Forbes and Taubman to erect an upscale urban shopping center anchored by Macy’s and Bloomingdale’s.

A separate developer, meanwhile, hopes to start construction by the end of the year on a companion piece, an expo center and convention hotel on the adjacent site of the old Miami Arena, after purchasing the site from the Worldcenter group.

“We all know it went through its ups and downs, but given the obstacles they faced, what they’ve done is really fantastic,” Kodsi said of Worldcenter principals Art Falcone and Nitin Motwani, while acknowledging some public skepticism over whether the project would actually happen. “Since they signed Forbes and Taubman, it’s been full throttle. It took a little longer, but it’s done right.”

The planned tower’s design, by Boston-based Elkus Manfredi Architects, represents a distinct departure from the typical wrap-around balcony look of most of the dozens of luxury residential towers recently announced or under construction in Miami and Miami Beach. The swept-back glass tower, which features irregularly jutting balconies, is designed to signal that it’s not a beach condo, but an urban residential tower, Kodsi said.

Kodsi said he asked Elkus Manfredi, which designed the commercial podium at the Time Warner Center at New York’s Columbus Circle, to give the Miami tower’s street entrance a similarly pedestrian-friendly “urban’’ look and functionality, with the expectation that many residents would actually walk outside to nearby attractions. (The firm is also designing the Worldcenter mall.)

Read more here: http://www.miamiherald.com/news/loca...#storylink=cpy

[chris08876]

Official Mall Website is up: http://www.themallatmiamiworldcenter.com/

[dave8721]

http://www.globest.com/news/12_1000/...ml?CMP=OTC-RSS

Miami Worldcenter Moving Forward After Approval

MIAMI—Now that the City of Miami has unanimously approved the zoning package and development agreement for Miami WorldCenter, plans are unfolding quickly. The $2 billion project’s master development team has announced an initial construction timeline for its first phase. Physical site work is expected to get underway in the first quarter of 2015 with vertical construction set to begin in mid-2015.

On the hotel front, Miami-based MDM Group will develop a new 54-story, 1,800-room JW Marriott Marquis hotel and expo center that will feature 600,000 square-feet of meeting and event space. Miami Worldcenter’s pedestrian-only promenade, including lifestyle and retail offerings, will connect the JW Marriott Marquis to main thoroughfares that lead to the bayfront to the east. MDM expects to begin construction on the hotel and expo center project in the first half of 2015.

[dave8721]

http://www.miamitodaynews.com/2014/1...ect-set-start/

Worldcenter megaproject set to start

Written by John Charles Robbins on December 10, 2014

Faded concrete lots in Miami’s Park West have taken on a new look as a billion-dollar mega project prepares to start construction with the dawn of the new year.

Miami Worldcenter, a multi-use development promising to turn 27 mostly barren acres into 10 blocks of condos, stores, entertainment venues and more, is at the starting gate.

Developers have announced a start within the first quarter of 2015 and plan to begin vertical construction midyear. In recent days, they’ve installed site wraps and signage bearing Worldcenter’s new branding and graphic design.

A key component is a towering 1,800-room Marriott hotel tied to a multi-storied convention center at the site of the former Miami Arena.

Billed as downtown Miami’s largest private development ever, Worldcenter is ultimately destined to bring $2 billion in investment to the urban core, the developers say.

Worldcenter is a collaboration of master developer Miami Worldcenter Associates and a team of development, design and engineering firms. The Forbes Co. and Taubman are to build a 765,000-square-foot shopping mall anchored by Bloomingdale’s and Macy’s.

Worldcenter’s first residential tower, the 466-unit Paramount Miami Worldcenter condominium, is expected to break ground in the second quarter of 2015. Overall, developers expect to build about 1,000 dwellings.

MDM Development Group is building the Marriott and expo center, to feature 600,000 square feet of meeting and event space.

Tony Recio, MDM representative, said they’re striving to be in the ground by Dec. 31 but that might not be possible.

“If not, we’re pushing for early next year to start – as soon as possible,” he told Miami Today this week.

MDM aims to open Miami World Expo Center in the winter of 2017-18.

[chris08876]

Miami Worldcenter seeks public subsidies

Developers of the mixed-use Miami Worldcenter project are seeking public subsidies that could be worth tens of millions of dollars as they ready for phase one construction in the first quarter of 2015.

Worldcenter representatives met earlier this week with officials from the Southeast Overtown/Park West Community Redevelopment Agency, according to the Miami Herald. Worldcenter is seeking subsidies for two of its projects: a mixed use residential/retail building in phase one and an adjacent Marriott Hotel and expo center in phase two.

The requested subsidies could bring between $85 million to $121 million to the project depending on whether the CRA is extended to 2030 or 2042, the paper reported. However, a group of local clergy is calling for the CRA to slow down negotiations to increase transparency.

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http://therealdeal.com/miami/blog/20....fCsZLNbq.dpuf

[chris08876]

Another Residential Tower Has Been Added To Worldcenter’s First Phase

A second residential tower is in the works at Miami Worldcenter.

The 45-story tower is simply called ‘Tower 1′ in plans recently submitted to Miami’s Planning Department. It will be located at the south entrance to The Mall at Miami Worldcenter, at NE 7th Street and NE 2nd Avenue.

At just under the 500-foot mark, Tower 1 will include 427 units and 209 parking spaces. There will be 12 units on each typical floor, with a total of 601,479 gross square feet.

It isn’t clear who will develop the tower, although Newgard Development’s Harvey Henrandez has said that he plans to build a residential project at Worldcenter.

Paramount at Miami Worldcenter is also included in Worldcenter’s first phase, which is set for review by Miami’s UDRB next week. Paramount will include 493-units in a 58-floor, 706-foot tower.

Construction on the first phase (which is separate from MDM’s Marrriott Miami World Expo Center) is planned to begin in the first quarter of 2015.

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http://www.thenextmiami.com/index.ph...s-first-phase/

[chris08876]

Miami Condo Project Looks to Lure Chinese Buyers

[...]

CIM Group owns more than two-thirds of the Worldcenter project. The development team expects to announce early next year the brand name of a hotel to be built by developer Harvey Hernandez ’s Newgard Development Group, a Miami-based company that also is planning a 250,000-square foot office tower at Miami Worldcenter.

“The Chinese are not 100% sure what Miami is. They don’t understand it yet,” said Peggy Fucci, chief executive of the brokerage OneWorld Properties, which is marketing the Paramount project at Miami Worldcenter. She said she has been traveling to China once every few months to hold presentations for brokers and potential buyers set up by personal financial advisers with high-net-worth clients.

“When Chinese buyers come to Miami, I want them to identify the city with this building.”

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http://www.wsj.com/articles/miami-co...ers-1418765925

[chris08876]

Miami commission OKs millions in subsidies to Worldcenter developers

Miami city commissioners on Monday easily approved a multi-year tax-rebate deal worth tens of millions of dollars for the giant Miami Worldcenter project, overriding complaints from a score of Overtown residents, labor officials and activists that the plan was rushed through.

The 5-0 vote came during a rare, middle-of-the-holidays meeting of the city commission, sitting as the board of the Southeast Overtown/Park West Community Redevelopment Agency, in a packed community room at Camillus House. The unusual timing was prompted by what the project’s developers say were pressing contractual and financial deadlines.

The subsidy package would kick back more than half the property taxes paid out to the redevelopment agency by the owners of the 10-block complex, which sits inside the CRA’s boundaries – or as much $88 million through the 12-year life of the deal. The CRA typically gets a big chunk of property taxes generated by new development inside its boundaries for the purpose of remedying blight, including by providing financial incentives to attract private developers.

In exchange, corporations managed by Miami World Center Holdings, LLC, and shopping center developer The Forbes Company agreed to pay higher wages and ensure their contractors and subcontractors hire up to one-third of their unskilled workers from Overtown and then around Miami and the county.

[...]

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12/29/2014
http://www.miamiherald.com/news/loca...#storylink=cpy

[dave8721]

Paramount Miami World Center approved by FAA at 699 feet (couldn't do 1 more foot?) and another tower approved at 634 feet.

http://www.thenextmiami.com/index.ph...i-worldcenter/

[chris08876]

http://paramountmiami.com/

Paramount Miami Worldcenter Condo Profile
Year Built 2018 Price Range $690,000 - $2,000,000
Bedrooms 1 to 3 # For Sale 482
Sq Ft Range 1,294 - 2,376 Avg $ / Sq Ft $600 / Sq Ft
Total Floors 57 Avg Price $0
Total Units 482 Avg DOM 0

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http://www.miamicondoinvestments.com...i-worldcenter/

[dave8721]

^^They put the white silhouette in the wrong place of course, it should be over to the right a little bit directly behind MarinaBlue (the left most of the 4 towers on the right). But then people would see its looking into the (rather unattractive) back side of another building.

[chris08876]

Yacht Skyview Deck


Credit: http://www.paramountmiamicondos.com/...-amenities.htm

Area with transportation routes:


Credit: http://www.paramountmiamicondos.com/#

[chris08876]

Paramount Miami Worldcenter

The tower, which will rise atop the Miami Worldcenter mall, launched sales in late November. To date, the project, which is being marketed by OneWorld Properties, has garnered reservations for more than 10 percent of its 472 condo units. That’s due in part to marketing trips to Brazil. Other trips — to Mexico, Colombia and China — are planned for the near future, with an eye toward Latin American and other foreign buyers in addition to domestic prospects, Kodsi said. Reservations will still need to be turned into contracts, and eventually closed sales, at the $400 million development that is slated to be completed in the summer of 2018.

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http://therealdeal.com/miami/blog/20....fEVQ4SLH.dpuf

[chris08876]

Heading toward its goal of creating a soccer field on Paramount Miami Worldcenter’s ninth floor, the project’s developer just released the first rendering of the amenity, complete with players and spectators. Daniel Kodsi, developer of Paramount Miami Worldcenter, had unveiled plans to TRD for his 60-story project, which will include a soccer field, along with tennis courts, pools and a running course, all part of an outdoor sports complex on the condo tower’s ninth floor recreation deck. Twelve Balinese-style, two-story villas surrounded by pools and other water features will also occupy the same floor. Inside on the ninth floor, residents can work out in a fitness center or boxing studio or rock out in a “jam room,” which will have drums, guitars, a piano and a recording studio. The $400 million condo project, developed in partnership with Miami Worldcenter’s developers Nitin Motwani and Arthur Falcone, is slated to be completed in the summer of 2018. The $1.06-billion Miami Worldcenter, on 28 acres near downtown Miami, is being built by Suffolk Construction.

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http://therealdeal.com/miami/blog/20....bSIXzT5N.dpuf

[chris08876]

Worldcenter Sent Back For Another Commission Vote After Lawsuit Filed

Miami Worldcenter is going back before the the City of Miami Commission next week.

Commissioners will vote once again on the same development agreement that they approved back in September, at the request of Miami Worldcenter Holdings and mall developer The Forbes Company.

A lawsuit filed on December 22 by attorney Paul Savage on behalf of Grand Central Lounge alleges that proper procedures weren’t followed in the September vote. Savage and Grand Central claim that the public didn’t have a chance to review changes to the agreement prior to approval. They also argue that the variances granted under the agreement are not legal under city code.

Grand Central is operating on property owned by Miami Worldcenter. The nightclub signed a long term lease with a company owned in part by Brad Knoefler, who then sold the property to Worldcenter in 2012.

By voting again, the developers hope to shield themselves from the lawsuit filed by Savage, who has also managed to delay a Walmart in Midtown.

The first reading of the development agreement is scheduled for February 12, with a second reading to follow on February 26.

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http://www.thenextmiami.com/index.ph...lawsuit-filed/

[chris08876]

Extra roof deck Renderings:






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http://www.miamiluxuryhomes.com/blog.../#.VNWgBvnF9mD

[eleven=11]

is this going to connect to metromover 3 times?
anybody have info on how/where it connects.......
does metromover connect to retail or condos ?

[chris08876]

Yeah there will be approximately 3 atops. It will connect to a mix of retail and hotel. Metrorail will connect to the condos. Although if they incorporate more mixed used on the eastern flank, than those 3 stops can accommodate everybody. Keep in mind though that all of the towers for this project have not been revealed. This is a work in progress. Residential is on the Western side of the lot for now along with a portion of the mall.