MDM Group broke ground on Met Square, the fourth and final phase of its $1 billion project in downtown Miami.
The 43-story tower at 340 S.E. 3rd Street will feature 391 apartments developed by Zom, plus retail, restaurants and an 18-screen Silverspot Cinema.
There will also be a viewing area of Tequesta Native American historical sites located on the property, which previously housed Henry Flagler’s landmark Royal Palm Hotel. Brick piers from the old hotel will be on display.
Met Square was designed by Nichols Brosch Wurst Wolfe & Associates with curbs on the outside of the building and a pool deck atop the commercial complex.
“The lighthearted nature of the design makes Met Square a very approachable building, an important quality that will contribute to its success,” said Igor Reyes, a partner at NBWW. “Originally conceived as the ‘meeting place’ for the users of the preceding Metropolitan Miami buildings (Met I, Met II and Met III), Met Square’s design aesthetic, along with its commercial offerings and historical significance, fulfills its original intention.”
The previous phases of Met included apartments, office space, the JW Marriott Marquis Miami and Hotel Beaux Arts Miami, and Whole Foods Market. MDM has 462 apartments as part of the third phase currently under construction, with completion expected in the first quarter of 2016.
Met Square should be done in mid-2017.