Broker says 32-story, 462-unit luxury building could trade for “well over” $200M
Zom is looking to sell a luxury apartment tower in downtown Miami that could fetch “well over $200 million,” according to CBRE listing broker Still Hunter.
The apartment developer completed Monarc at Met, a 462-unit, 32-story building at 201 Southeast Second Avenue, in November 2016. Zom purchased the air rights to develop the rental portion from MDM Development Group, the master developer of the Metropolitan Miami project. The apartment component sits above a Whole Foods Market and parking garage. It was designed by Nichols Brosch Wurst Wolfe & Associates (NBWW).
Overall, the Met Miami development also includes Met 1, a mixed-use condo tower; Met 2, the JW Marriott Marquis Miami, Hotel Beaux Arts Miami, Boulud Sud and Wells Fargo Financial Center. Also designed by NBWW.
Read the full story HERE >>>> Source: The Real Deal Zom lists Monarc at Met downtown Miami apartment tower for sale