The building is pet-friendly and has no rental restrictions, making it an attractive option for investors.    Paramount Bay is located in Edgewater, Miami’s hottest new neighborhood. The building is just minutes from the Design District, Wynwood, Midtown, and the Arts and Entertainment District. It is also a short drive from Miami Beach, Downtown Miami, and Brickell. Residents of Paramount Bay enjoy easy access to some of Miami’s best restaurants, shops, and cultural attractions.