MIAMI, FL - ZOM Living, one of the nation’s leading developers of multifamily housing, in a joint venture partnership with Mattoni Group, Scout Capital and AEW Capital Management, announces the completion of the first phase of the transformative development MiLine Miami. Phase one includes the delivery of 338 luxury, mid-rise apartments, 4,600 square feet of retail space featuring a brewery and two restaurants, and 1,300 linear feet of the Ludlam Trail for residents and the broader community to enjoy outdoor recreational activities such as walking, biking and hiking.
With direct access to the Ludlam Trail linear park, MiLine Miami’s first phase is comprised of a six-story, upscale apartment building featuring large-scale art murals and a range of street art throughout the property. The first residents are beginning to move in, with studios, one-, two- and three-bedroom apartment options available ranging from 580 to 1,700 square feet. The residential community’s lifestyle-driven amenities include a pool deck with cabanas and grilling area, Zen courtyard, fire pit, social room, membership-quality fitness center, aqua lounge and coworking spaces.
MiLine Miami will feature other one-of-a-kind amenities, including a local brewery named Thorn by the founders of Lincoln's Beard Brewing Co. that will occupy the retail space. The beer garden will be anchored by two additional restaurants to be announced soon. Residents will benefit from having 50,000 square feet of outdoor amenity space, which includes the walking and biking trail, a dog park, an event lawn, and outdoor public and private plazas perfect for recreation and gatherings.
“ZOM is excited to deliver phase one of our MiLine Miami community, including welcoming Lincoln’s Beard brewery Thorn to the property and delivering the first segment of the Ludlam Trail, which will create an exceptional outdoor pedestrian experience for residents and the surrounding community,” said Kyle Clayton, Senior Vice President of ZOM Living. “Our team is already beginning work on the remaining phases of the project that will expand this section of trail to a full half mile, add another 600 apartments and more amenities to the community.”
The Ludlam Trail is being redeveloped into a beautiful linear park that spans six miles, adorned with colorful, public art. The trail path will connect four parks, three waterways, two Metrorail stations at Dadeland North and South and five schools.
“Our vision has always been to engage and activate the Ludlam Trail and have this project be a catalyst for creating a unique mixed-use neighborhood in Miami,” said Ricardo Caporal, Founder and President of Mattoni Group.
The MiLine Miami community also offers convenient access to Miami’s sights and landmarks with its proximity to the Biltmore Hotel and the University of Miami, plus a variety of dining and entertainment options such as the open-air shopping district Miracle Mile and Shops at Merrick Park.
“The transformative and human-centered nature of this mixed-use development fits well with our strategy to invest in real estate projects positioned for sustained, long-term growth,” said Jess Bissey, Chief Sustainability Officer of AEW Capital Management.
Uniquely designed, the sophisticated apartment units at MiLine Miami are equipped with a smart home system that allows residents to use voice commands to control the unit’s lighting, see who’s at the front door and let them in, set the home’s temperature and play their favorite tunes – all with the touch of an app. Unit interior finishes include exposed concrete ceiling, quartz counter tops and hard-surface luxury flooring throughout the apartment.
The three-phase, mixed-use development of MiLine Miami spans an 11.4-acre site with a mix of uses that include approximately 975 apartments and 23,000 square feet of retail space. The second phase will comprise 337 apartments including 32 townhome units and is slated to start construction by the end of the year. The third phase will deliver an additional 300 apartments and 18,000 square feet of retail space.
About ZOM Living: ZOM Living is one of the most highly regarded luxury multifamily developers in the United States and has joint ventured or directly developed over 24,000 apartment units nationwide, with an aggregate value of nearly $5 Billion. Most recently, the company has established a seniors housing division, with three active seniors housing developments underway in Florida. Throughout its 44-year history, ZOM has garnered more than 200 industry awards for project design and development expertise, including the 2021 prestigious Best Development Company of the Year by Multi-Housing News and ranked among the Top 25 Developers in the U.S. by the National Multifamily Housing Council. ZOM has offices across many of the markets it serves, including South Florida, Orlando, Dallas, Washington, D.C., Phoenix and Raleigh. ZOM has over 8,600 units currently under construction or in design and predevelopment throughout the U.S., with a total capitalization of nearly $3 billion. For more information on ZOM’s multifamily portfolio, visit www.zomliving.com
About Mattoni Group: Mattoni Group is a private equity real estate investment firm that specializes in placing equity with experienced operating and development partners working on transformative projects. The firm built a national reputation for transparency, reliability, flexibility, and velocity in acquiring and financing real assets. We leverage our network, relationships, creativity and education to create amazing spaces for people to live better lives. Mattoni Group is focused on adding value to its acquisitions through operational improvements and optimized capital structures. The firm continues to develop and expand its network of real estate partnerships and prides itself on closing committed transactions. For more information visit www.mattonigroup.com
About AEW Capital Management: Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide. One of the world’s leading real estate investment advisors, AEW and its affiliates manage approximately $93.0 billion of property and securities in North America, Europe and Asia (as of December 31, 2021). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, London, Paris, Düsseldorf, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in seven European cities. For more information please visit www.aew.com