ZOM Breaks Ground on 432-Unit Luxury Highrise Apartment Building in the Heart of Downtown Miami

FORT LAUDERDALE, FL - ZOM, a leading luxury multifamily real estate developer, recently closed on a land and air rights parcel within the Met 3 mixed use project and simultaneously commenced construction on Montage at Met 3.

Montage will feature 462 apartment homes in an iconic 32-story luxury tower, which is being constructed over a ground-level Whole Foods grocery and 12 levels of structured podium parking. Met 3 is located at the NE corner of SE 2nd Avenue and SE 3rd Street in the heart of Downtown Miami and is walking distance to the Metromover. The project is a joint venture with an investor account advised by the U.S. real estate business of UBS Global Asset Management.

“The Met 3 site is an outstanding location and surrounded by employment, restaurants, nightlife and public transportation,” said Greg West, ZOM’s Chief Development Officer. “The demographic characteristics of the immediate area, with the presence of over 89,000 jobs within a 3-mile radius, plus an upscale Whole Foods in our building, create a compelling case for the success of the Montage apartment project.”

Reshaping the Miami skyline, Montage at Met 3 will feature efficient and well-appointed units in a variety of spacious, functional floor plans ranging from 680 to 1,450 square feet. The main amenity level on the 13th floor features a spacious open lounge area, fitness club-quality exercise center, spa with treatment rooms, screening room with theater-quality sound, as well as a landscaped deck surrounding a resort-style pool, yoga lawn, bocce ball court, outdoor grill and kitchen and two outdoor bars. This unique amenity level is intended to foster interaction among residents and provide a variety of social settings and activities without having to leave the community.

Montage will be the only professionally managed highrise rental development in the downtown market. Property management services will be provided by ZRS Management. LLC. Suffolk Construction is the general contractor. Broad and Cassel represented ZOM in this transaction and Stearns Weaver represented the seller. Pre-leasing will commence in Q4 2015.