ZOM Plans Early 2016 Groundbreaking For 429 Unit Luma At Miami Worldcenter

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Apartment developer ZOM has revealed the names of two additional rental towers in the works for downtown Miami. They are:

  • Luma at Miami Worldcenter, a 44-story, 429-unit high-rise
  • Avant at Met Square,  a 42-story, 391-unit high-rise

Groundbreaking for Luma is scheduled for early 2016. That is around the same time that ZOM’s 462-unit Monarc at Met 3 will be opening (leasing for for Monarc will begin towards the end of this year.)

ZOM representatives say that they don’t have a construction schedule for Avant at Met Square yet.

The developer began construction this week on the 438-unit Solitair Brickell, after obtaining construction financing from JP Morgan Chase and HSBC. The project will benefit from being directly across the street from an entranceway to Brickell City Centre, allowing for an ‘extraordinary’ covered walkway to the Metromover.

Architect ADD Inc says that the exterior of Solitair was inspired by the Medjool palm tree.

 

ZOM Breaks Ground on Luxury Miami Highrise Apartments

Further contributing to the transformation of Miami, ZOM has commenced construction on Solitair – a 50 story luxury tower directly across from the highly anticipated Brickell City Centre

ZOM, a leading luxury multifamily real estate developer, and its joint venture partner, an affiliate of AIG Global Real Estate, the real estate arm of insurer AIG, started construction on SOLITAIR, a 438-unit, 50-story luxury highrise in the heart of the flourishing Brickell neighborhood, a block between Brickell City Centre and Mary Brickell Village at 86 SW 8th Street. Balfour Beatty Construction, LLC is the general contractor. Construction financing was provided by JPMorgan Chase and HSBC Bank USA.

This iconic tower was designed by ADD Inc, now with Stantec and is directly across the street from a primary pedestrian entrance into Brickell City Centre. Solitair residents will have an extraordinary covered walkway to Metro service, providing an unparalleled convenience to shopping, dining and entertainment. The site’s walkability, already significant with a Walk Score of 97, will only be enhanced further as other planned projects in the immediate area come to fruition.

The building’s architecture distinguishes itself with serrated balconies inspired by the majestic Majule palm tree.

The overall vision for the interior design was to seamlessly draw from Solitair’s architectural concept. Designed with urban, cool neutral materials, the interior serves as a gallery and backdrop for bold, artistic elements and reflects the sophisticated, modern living that Solitair provides.

“ZOM wanted us to design a truly distinctive building that would integrate well with the ever-evolving Brickell landscape, which it will help define. Solitair will make a bold visual statement on the inside and out,” said architect Jonathan Cardello, Senior Principal, ADD Inc, now with Stantec.

With sweeping views of the downtown Miami and Brickell skyline as well as Biscayne Bay, Miami Beach and beyond, Solitair was created with environmental concerns in mind. The building’s design and orientation avoids direct sunlight and solar radiation. Interior materials, such as paint, carpets, adhesives and sealants will be low emitting to maintain optimum indoor air. Green features, such as low VOC paints, recycled glass, wood and quartz will be used throughout the interior of the building.

“Solitair will offer an unmatched level of quality and design when compared to the existing multifamily rental options within the market” said Greg West, ZOM’s Chief Development Officer. “Together with our partner AIG, we recognize the growing importance and value of meeting customers’ demands for developing buildings which encourage active lifestyles.”

ZRS Management, LLC will provide property management services.

About ZOM:
ZOM is one of the most highly regarded luxury multifamily developers in the United States, and has joint ventured or directly developed over 15,000 apartment units nationwide, with an aggregate value in excess of $2.3 billion. Throughout its 30 year history, ZOM has garnered more than 100 industry awards including recognition for project design and development expertise. ZOM was awarded the highly coveted Pillars of the Industry award by the National Association of Homebuilders for developing the “Best Garden Apartment Community” in 2010. ZOM is headquartered in Orlando and has regional development offices in South Florida, Dallas, and Washington D.C. ZOM is also developing Monarc at Met 3, a 32-story highrise with 462 units in a mixed use complex which features a Whole Foods grocery store at street level. ZOM will also break ground in early 2016 on Luma, a 44-story, 429 unit apartment highrise within the new Miami Worldcenter project immediately north of downtown Miami.

 

Previously: ZOM To Build 429-Unit Apartment Tower At Worldcenter

 

Luma pool deck renderings:

 

avant at met square:

 

 

solitair reception area and resident lounge:

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Marc305
6 years ago

I keep reading comments about how Brickell and Downtown Miami are not affordable to locals. That is simply not true. It is not available to locals, or anyone else for that matter, who do not have the money to live here. Rest assured there are plenty of “locals” who can live and do in fact live here. My company has personally placed hundreds of them since 2009. If you do not have the funds or just don’t want to pay that much to live here, Kendall, Florida City and Homestead have plenty of affordable listings right now for you to choose from. Miami – Dade is a big enough area to accommodate everyone. Like Anonymous says “You have to pay to play” if you want to live here.

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Really???
6 years ago

I think there is also something to be said about how people want developers to some how build brand new luxury buildings that are priced for people who can’t afford them. That’s ridiculous. It seems to be a Miami attitude where even people who can’t afford luxury products feel like somehow they deserve them. For example I can’t tell you how many people down here I see that make a lot let money than me that drive way more expensive cars than me. Get a regular car with a decent car payment and maybe you can afford a better place to live. The priorities of many of the people who grew up here seem to be focused on more superficial things.

Another example are the Melo rental buildings. Out of one breath everyone wants to slam Melo for not building iconic buildings but then with the other breath they’re complaining that no one is building an affordable product.

Location is another example. Brickell is a prime area. Of course they’re only building expensive housing. Instead of trying to live in a neighborhood you can’t afford look for another one. There are plenty of place in Edgewater for example where buildings are cheaper.

So people in Miami want to live in the best location, in the best buildings, but they wan’t them to be affordable?

This is a growing city and I guess most people here aren’t used to living in actual cities but things work a certain way. If you want the amenities of a neighborhood you can’t afford then find the next best neighborhood on the metrorail line and simply ride in and out easily. A good example of this is the development going on at the Grove Station stop. There are a couple developments right there under construction with a few older buildings already there. You could live there, walk 5 min to the metrorail and be in Brickell in 15 – 20 min. Save yourself $500 a month in rent and still have relatively good access to all the amenities of downtown.

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rolmas
6 years ago

Very well said and it is exactly the problem.

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Anonymous
6 years ago

I hope the additional rental towers that are slated to come on line soon aids in reducing rental rates. $2100 average price to rent for some areas is rediculous for the average citizen of Miami.

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Anonymous
6 years ago

As of May 2015, average apartment rent within 10 miles of New York, NY is $3432.

One bedroom apartments in New York rent for $3039 a month on average and two bedroom apartment rents average $3805.

Plenty of affordable on the outskirts. Want to live in Miami? Gotta pay to play. This is finally turning into a real city. Higher prices are a part of that.

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Anonymous
6 years ago

Two things.

1. Stop bringing up NYC as a comparison to anything when you’re talking about Miami. That’s a whole different dichotomy.

2. Gotta “pay to play” what? Remember, when playing a game where one side makes the rules, all you’re doing is playing catch up.

This is not Poker we’re talking about here where the stakes to keep playing are determinded by how much money you bring to the table or your winnings. If an apartment building can jack up the price of rent $100 a year on a person whose making $14hr and has been paying rent there that started out at $900 mo, three years later that person is now paying $1200 mo rent for that same apartment.

That’s paying to play by whatever the new rules are that someone else is constantly setting. I guess, according to you, if a person can’t continue playing with these kinds of criteria, then he/she ought to get out of the Miami?

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Anonymous
6 years ago

Its all about Supply and Demand. If people are willing to pay more for it, and others are not, those that can not will get priced out. I’m not saying its fair, but it is what it is, and people need to get used to it.

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Anonymous
6 years ago

It’s not all about “Supply and Demand.” People are paying more because they don’t control the asking price. Nobody bids on how much they will spend on an apartment, the price is set and you decide according to your income if you can afford it. The property owner always has the upper hand on how far they want to push the price envelope according to the area their building is in.

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rolmas
6 years ago

Sorry but you aren’t understanding the concept of supply and demand. The rents in this area will stop increasing once owners can’t rent them. If they are increasing it is because the owners are finding others to pay the rents.

In your world, you are asking owners to rent you a unit for $1500 when they are able to find others to pay $2200. Would you do that?

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Anonymous
6 years ago

I never said rents won’t increase, you’re the one not understanding what I’m saying. I said renters don’t control how much the rent will be increased where they’re residing. I onced lived in a building where the rent was increased one year by $150. Normally, rent in that building was usually going up $25 a year. Trust me, it had nothing to do with supply and demand.

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Anonymous
6 years ago

lol, these rental units, will probably start at $2000 as well. I dont understand who affords these, my girlfriend and I combine make over 120k combined, but we dont think we could honestly feel comfortable paying $24k a year for a place to live. At that price we could pay off a house in 5-10 years., and then live rent free.

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Anonymous
6 years ago

Then move to the suburbs.

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Really???
6 years ago

If you make a household income of $120K the rough guide to the amount spent on housing (25% – 30% of gross) puts you at about $33,000 or $2,750 per month. Take utilities, parking, etc and you should be renting in the low to mid $2,000’s.

If you don’t feel comfortable paying that then fine, that’s your prerogative but that amount is far from unaffordable for someone in your position.

And I’m curious as to how you can pay off a house with that amount within 5 – 10 years. I recently purchased a house near Brickell that was a fixer upper and it was $500k. If I wanted I could have maybe gotten something a bit worse in the upper $300k’s or lower $400k’s. But regardless your not getting a house anywhere near a great growing area like Brickell and somehow not paying a mortgage of $2500+, while putting up a serious down payment AND having to come up with cash to renovate.

So unless your talking about moving to remote areas like Kendall or Homestead, you’re not making any sense.

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