Miami's Paramount Bay Condo Tower Enjoys $260 Million in Transactions in 2012; Lenny Kravitz Designs Aid in SalesMiami Condo and Real Estate Blog
(Miami, FL) - In another sign of the times in Miami's brisk real estate market, Paramount Bay, the residential condo tower located in the burgeoning Biscayne Corridor announced that it has sold over 90 percent of the building's entire portfolio. With limited inventory left (28 unites) and with a record breaking influx of local and domestic buyers that the building has experienced over the past few months, Paramount Bay is expected to sell out within the first quarter of 2013.
iStar Residential, one of Paramount Bay's owners, has continually demonstrated its commitment to the property's success by hiring Kravitz Design Inc. to create an outstanding visual concept for the building and commissioning Fortune International to spearhead its strategic sales and marketing plans at the onset of this venture. As a result of their investment in the Downtown Miami tower, Paramount Bay has attracted buyers from both domestic and international markets since it launched sales in October 2011, successfully registering more than USD $260 million in sales to date, with additional transactions currently in progress.
Posted by Michael Gerrity at World Property Channel
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