A rendering of the Paramount Miami Worldcenter overlooking the waterfront. Photo: OneWorld PropertiesA sprawling, $2 billion mixed-use real-estate development in what was a gritty part of downtown Miami is lining up financing despite signs the city’s real-estate market is softening. The tower, named Paramount Miami Worldcenter, is expected to cost a half-billion-dollars. Only one other downtown Miami condo project is expected to be completed in 2019. The Worldcenter developers have solved this problem partly by putting up a lot of equity.

Source: Wall Street Journal March 07, 2017 18:56 UTC