Picture yourself strolling along a palm tree-lined promenade in the heart of downtown Miami. Shop at an upscale boutique, snap a selfie by the ornate fountain and enjoy a fine meal.
As the exclusive sales and marketing team of the PARAMOUNT Miami Worldcenter 500-plus-unit luxury condo tower, OneWorld Properties is thrilled to share Miami Worldcenter’s new high street retail concept renderings.
Master developer Miami Worldcenter Associates, led by Art Falcone and Nitin Motwani, in collaboration with The Forbes Company and Taubman, is set to break ground on the open-air retail component in early March and complete it in 2018.
RPC Diversified Holdings, led by Daniel Kodsi, also plans to hold a formal groundbreaking of the 58-story PARAMOUNT residential tower in early March and open in 2018.
The shopping promenade will run north-south between NE 10th and 7th streets and east-west between NE 1st and 2nd avenues. An open-air public plaza surrounded by shops and restaurants along NE 1st Avenue will serve as a central gathering place and outdoor event space.
The high-street retail model, defined by a critical mass of shops and boutiques in a pedestrian-oriented setting, is proving successful in urban centers around the country including Miami Beach’s Lincoln Road, New York’s SoHo and San Francisco’s Union Square District.
Downtown Miami is emerging as one of the country’s fastest-growing urban centers and has become more pedestrian friendly in recent years.
The 700-foot PARAMOUNT tower’s unique Upper Deck will boast the most amenities in Miami including resort-style pools, poolside bungalows, tennis courts and a soccer field.
One of the largest private real estate developments under way in the United States, the 27-acre Miami Worldcenter will also feature a 1,800-room Marriott Marquis hotel and expo center developed by MDM Group; Luma, a 429-unit luxury apartment building developed by ZOM; and two apartment towers built atop street-level retail lining NE 7th Street.
Neighborhood improvements include upgraded streets, expanded sidewalks and improved vehicle and pedestrian flow between Biscayne Bay, Museum Park and American Airlines arena and points to the west including Overtown and the Miami River. The development will link to the future All Aboard Florida high-speed rail terminal and existing Metromover.