Apartment developer Zom is planning to rebuild the Freedom Tower Metromover station.
Zom is building the 434-unit Luma apartment tower on adjacent property, in a deal with Worldcenter. As part of the deal, construction will include the station rebuild.
Zom is paying about $19 million for the Luma site.
The cost of construction of the station is $2 million. Zom will be reimbursed by the Miami Worldcenter Community Development District after conveying the improvements over.
The CDD taxing district includes Zom’s property, so the developer will be assessed a portion of the debt costs to fund the project.
The CDD was scheduled to vote on the deal at an August 16 meeting.
Worldcenter’s CDD is also planning to spend another $2.5 million to rebuild the Park West Metromover station, bringing the total Metromover station improvement costs to $4.5 million.
Both stations opened in 1994.
original plans for luma. later revised slightly after indoor mall scrapped