The Scoop on Paramount Bay
September 13, 2011 by Lucas Lechuga
There is a lot of excitement in the air regarding the Paramount Bay sales launch so I wanted to take a moment to share with everyone the latest information that we have. Sales are expected to begin on or around October 10th. At that time, a total of 60 units, 6 units from each of the 10 lines, are expected to be released. We expect pricing to increase after the initial 60 units are sold. The location of these 60 units has not yet been determined but we have been told that they will be scattered throughout the building with a few on low floors, a few on mid-level floors and a few located on high floors.
In addition to the 60 units, the 11 penthouses at Paramount Bay will be available for sale at that time. 3 of the 11 penthouses have already been reserved and we expect the remaining 8 penthouses to sell quickly. The remaining 8 penthouses range from 5,128 total square feet to 5,941 total square feet with 5 of the 8 having terraces over 1,900 square feet. It's important to note that these terraces were constructed with 10-inch reinforced concrete which allows for a Jacuzzi, pool or outdoor kitchen to be installed.
Contact us if you have any questions regarding Paramount Bay or if you would like to schedule a tour.
What do you expect pricing to start at?
http://www.bizjournals.com/southflorida/news/2011/09/14/genting-unveils-plans.html
Genting unveils preliminary design of its Miami World Resort, to be built 5 blocks away from Paramount.
If this thing is real, then property values in Omni will get on par with South Beach in a hurry.
with the genting announcement, I doubt if paramount will negotiate on their price. Probably they will hold it at $480 firm. take it or leave it.
I think the pivatol point will be early next year when we find out wheter gaming will be approved. If not then this becomes less significant because this project most likely wont be completed for 15 – 20 years. If gaming is approved then look out as the whole are will look different in 5 years.
Hi Luca what is the price of these PH?