Whereas the project has been developed some years ago, the Downtown Miami condo Paramount Bay is getting a makeover before it opens its doors. The project wasn’t accomplished according to its original design so ST Miami, the private equity group who now owns the building, decided to upgrade it. Even if the price hasn’t been yet determined, it seems that the new designer will change common areas and corridors to a better quality. The remodeling should begin in a couple of months. The pre-construction buyers have been presented the upgraded project and they are currently in the process of deciding whether to go forward or not.
This new design, the gorgeous bay views, the expansive units and the proximity to parks are selling points. Paramount bay should be attractive for families who are looking for an urban way of life.
Furthermore, Paramount Bay should be a great achievement since the Miami real estate market seems to have picked up, people seem again confident in buying. In the past few months, many successful projects have been launched in the Downtown and Brickell area like Mint and Infinity at Brickell. For example, 200 units have already been sold in Mint out of 530 available in a few months and Infinity is about 60% sold out.