ZOM BREAKS GROUND ON DOWNTOWN MIAMI HIGH-RISE APARTMENT BUILDING

MIAMI — ZOM has commenced construction on Montage at Met 3, a 32-story, 462-unit high-rise apartment building in downtown Miami. The residential units will be built atop a ground-level Whole Foods and a 12-level parking garage. The new tower will be part of Met 3, a mixed-use development located at the northeast corner of SE 2nd Avenue and SE 3rd Street. The project is a joint venture between ZOM and an investor account advised by UBS Global Asset Management. Montage at Met 3’s units will range from 680 to 1,450 square feet. The main amenity level is on the 13th floor, which will feature an open lounge area, fitness center, spa with treatment rooms, screening room, landscaped deck, swimming pool, yoga lawn, bocce ball court, outdoor grill and kitchen and two outdoor bars. ZRS Management LLC will manage the new apartment tower. Suffolk Construction is the general contractor of the community, which will begin pre-leasing in the fourth quarter of 2015. Broad and Cassel represented ZOM in its purchase of the site, and Stearns Weaver represented the seller.