A District
Reimagined
"We are building America's city of the future." — Daniel Kodsi, CEO, Royal Palm Companies
There is a version of downtown Miami that most visitors never see — and never will. It was a patchwork of surface parking lots, low-rise industrial buildings and blighted properties spanning ten city blocks north of the central business district. To the untrained eye, forgotten land. To Art Falcone and Nitin Motwani, it was the blank canvas for the second-largest urban development in the United States.
The vision: a self-contained district — residential towers, world-class retail, hotels, parks, and seamless transit connectivity — woven into the fabric of a city that was already transforming faster than almost anywhere in the country. Twenty-seven acres. Ten blocks. One singular ambition.
Assembling the land alone was a decade-long exercise in patience, persuasion, and conviction. Parcel by parcel, block by block, Miami Worldcenter Associates quietly built the foundation for what would become a $6 billion project that would redefine downtown Miami for generations.
The result has surpassed every projection. Miami Worldcenter now features over 300,000 square feet of retail, restaurants, and entertainment — anchored by Downtown Miami's first Apple store — alongside 100,000 square feet of new public space, approximately $100 million in privately-built infrastructure, and a growing constellation of residential towers that have drawn buyers from over 56 countries.
The Man
Behind Paramount
Behind every great building there is a developer willing to stake everything on a vision. Behind Paramount, there is Daniel Kodsi.
Daniel Kodsi has spent a career developing Florida. As CEO of Royal Palm Companies, he has completed over 25 development projects totaling more than 3,000 units, with over $1.2 billion in completed projects. His vision for Paramount — the building that proves the concept of Miami Worldcenter — stands as the defining achievement of his career and one of the most successful condominium developments in Miami's history.
Paramount:
The Proof of Concept
When Paramount opened, it achieved something rare in real estate: near-total sellout to a global clientele, with not a single buyer canceling through years of construction complexity.
Paramount Miami Worldcenter was conceived not just as a residential tower, but as the standard-bearer for the entire district. If Paramount succeeded, the rest of Miami Worldcenter would follow. The stakes could not have been higher — and the result exceeded every expectation.
Designed by architecture firm Elkus Manfredi, the 60-story, 700-foot tower rises as the undisputed architectural signature of the Miami skyline. Its distinctive curved glass facade, visible from the airport, from Brickell, from the bay, has come to represent Miami's ambitions as a world-class metropolis. Kodsi once said it would be the building that tells you when you've arrived in Miami. He was right.
The Most Amenitized Building
in the United States
When Paramount debuted its amenity deck — spanning 90 feet above downtown Miami — it set a standard that no other residential building in the country had reached. Forty-six distinct amenities across multiple levels, including five pools, a boxing studio, a recording studio, a rooftop observatory, an outdoor basketball court, a yoga studio, and a skyport designed for the era of air mobility.
The tower was sold to buyers from 56 countries before construction was complete — a testament to both the quality of the product and the global appeal of Miami as an investment destination.
World-Class Amenities
The most extensive amenity program of any residential building in the United States — spanning wellness, entertainment, sport, culture, and sky-level leisure.
Countries Represented
Buyers from across six continents chose Paramount — a measure of the tower's global prestige and Miami's emergence as a world-class investment city.
Feet Above Miami
At 700 feet, Paramount is one of the tallest residential buildings in South Florida, offering penthouse residents unobstructed views extending to the Atlantic Ocean.
In Residential Sales
Total sales at Paramount approached $500 million — one of the most successful condominium sellouts in Miami's history, with near-zero buyer attrition throughout development.
A New Downtown
Takes Shape
What began as a vision has become Miami's most dynamic address — a living, growing district where world-class brands, world-class residents, and world-class architecture coexist.
Miami Worldcenter's grand opening marked the completion of the first phase of what will ultimately become a 16-tower, 27-acre urban ecosystem. The district's street-level experience now features over 300,000 square feet of retail and dining — anchored by Downtown Miami's first Apple Store and brands including Sephora, Lululemon, Ray-Ban, and Maple & Ash — alongside World Square, a 20,000-square-foot public plaza that serves as the living room of the district.
The district's connectivity is unmatched in South Florida. Brightline's MiamiCentral station — connecting Miami to Fort Lauderdale, West Palm Beach, and Orlando — sits steps from Paramount's front door. The Metromover and Metrorail provide seamless access across greater Miami-Dade. For international residents and investors, MIA Airport is twenty minutes away.
As Nitin Motwani has noted, the vision from the beginning was to create a neighborhood where residents never need to get in a car — where every element of urban life is accessible on foot, in an environment designed to the highest standards of landscape, lighting, and public space. Miami Worldcenter is that neighborhood, delivered.
With over 25 completed projects and more than $1.2 billion in Florida real estate, Daniel Kodsi brought to Paramount the residential expertise and design sensibility the project demanded. As CEO of Royal Palm Companies, he saw in Miami Worldcenter not just a development opportunity but a once-in-a-generation chance to build something that would define a city. Paramount is that building.
"Getting people out of their cars and on their feet has been a huge priority for us. We have designed spaces that enhance the quality of life for residents, businesses, and visitors."
Nitin Motwani, Managing Principal, Miami WorldcenterFor a buyer acquiring one of the two remaining penthouses at Paramount, this context matters enormously. You are not simply purchasing a residence. You are securing a position at the highest point of the most transformative district in one of the fastest-growing cities in the world — at a moment when the district has proven itself, but before the full realization of everything still to come.
The two available penthouses — units 5700 and 5402 — are developer units. They represent the final chapter of Paramount's sellout, offered at prices that reflect the tower's enduring desirability and the irreplaceable quality of their elevated positions.
Two Penthouses
Remain Available
Penthouse 5700 from $8,900,000 · Penthouse 5402 from $4,158,000. Developer units, offered privately through Raphael Sitruk at The Corcoran Group.