Downtown Miami

Paramount Miami Worldcenter Construction Progress (Photos & Video)

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Paramount Miami Worldcenter

Paramount Miami Worldcenter

The 60 story Paramount Miami Worldcenter in Downtown Miami continues to take shape after topping off earlier this month. A year ago, construction was just reaching the 19th floor.

Paramount Miami Worldcenter is the second tower to top off in the 27 acre Worldcenter complex after the almost completed Caoba Miami Worldcenter Apartments across the street.

At 641 feet and 569 residential units, Paramount is expected to be completed by early 2019.

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

Caoba Miami Worldcenter Getting Closer To Completion

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Caoba Miami Worldcenter

Caoba Miami Worldcenter

Caoba Miami Worldcenter is getting closer to completion and ready for a Fall 2018 opening after only topping off at the beginning of the year. 

When we last looked at the 43 rental tower in Downtown Miami at the end of June, all of the hoists were about to be removed. Now most of the exterior of the building has been painted with work finishing on the North side of the tower.

With 450 rental units, Caoba will be the first building completed as part of the 27 acre Miami Worldcenter project in Downtown Miami.

Previous construction photos of Caoba can be viewed here.

Construction Progress Updates On Zaha Hadid's One Thousand Museum (Photos & Video)

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One Thousand Museum

One Thousand Museum

When we last looked at One Thousand Museum in February, the luxury condominium in Downtown Miami just topped off at 709 feet. 

A year ago in August 2017, One Thousand Museum just surpassed neighboring tower Ten Museum in height. Two years ago, the tower just reached the 15th floor.

Construction continues on the Zaha Hadid designed tower as the hoists have been removed from the South and West side the building showing a clearer look at the exoskeleton. In November 2017, installation began on the glass fiber reinforced concrete which gives the the exoskeleton a smooth finish on the curves of the building. The panels are almost installed all over the whole tower. Cladding also is being installed on the parking garage on the base of the building. The rooftop helipad, the first in Miami since The Centrust Tower in the 1980's, is starting to take shape.

Construction is expected to be completed be the end of the year.

Previous construction photos of One Thousand Museum can be viewed here.

12 Story CitizenM Hotel Coming To Miami Worldcenter

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A 12 story CitizenM hotel will be coming to the Miami Worldcenter project located next to NE 2nd Ave between NE 7th St and NE 8th St, according to The Real Deal.

The hotel will have 128,000 square feet with a rooftop bar and pool and is located next to the under construction Caoba Apartments and the recently topped off Paramount Miami Worldcenter.

CitizenM is also developing at 20 story hotel in Brickell at the Perricone's Restaurant location.

Downtown Miami Building Sold For $16.53M

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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. 

Melo Group Purchases Downtown Miami Lot For $13M

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34 Southwest First Street

34 Southwest First Street

Melo Group has purchased a 24,187 square foot lot located at 34 Southwest First Street in Downtown Miami for $13 million, according to the Real Deal.

The site is zoned for an 80 story building.

In July 2017, the FedEx building across the street sold for $37.25 million.

Melo Group recently completed another Downtown Miami assemblage for two rental towers called Downtown 5th and is currently building the under construction rental tower Art Plaza in the Arts & Entertainment District.

World Precious Metals Building In Downtown Miami Sold For $5.4M

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World Precious Metals Building

World Precious Metals Building

The World Precious Metals Building in Downtown Miami, located at 40 NE 1st Avenue was sold for $5.4 million, according to The Real Deal.

The three story 4,982 square foot building was built in 1906 while the adjacent eight story building was built in 1917 with 17,850 square feet. Originally called the Ralston Building, it was once the tallest building in Miami for a short period of time.

The building was purchased by investor Elliot Antebi with plans to acquire food and beverage tenants.