Paramount Bay is a high-rise condominium building in the Edgewater Neighborhood, adjacent to the Arts & Entertainment District of Miami, Florida, United States. It stands 554.92 feet (169.14 m), with 47 floors. The building was topped off in late 2009. It was designed by the Arquitectonica architectural firm, with creative vision by Lenny Kravitz for Kravitz Design Inc. I-Star Financial and ST Residential have taken control of the project and are reinventing the property to bring to market in the second quarter of 2011. Fortune International is the current asset manager and Fortune Development Sales has been retained for Sales and Marketing.As originally envisioned, Paramount Bay would far surpass the standard residences in this neighborhood on the Biscayne Bay. Ownership and Fortune Inter