Barry Sternlicht, the Real Estate Bargain Hunter | nytimes.com

THE Paramount Bay condominium is a 47-story steel-and-glass cadaver. Conceived at the height of the real estate boom as another ultraluxury tower in a city that would soon be choking on them, it looms unfinished and unoccupied on Biscayne Bay. The lobby is like a mortuary. There are no chandeliers on the three-story ceiling, no paintings on the walls. And there is nobody at the front desk to greet visitors.