A rendering of the 434-unit Luma at Miami Worldcenter apartment tower. A rendering of the 434-unit Luma atMiami Worldcenter apartment tower.

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MIAMI—Partners Zom Living and Moinian Group after recentlycompleting the land purchase for the project, say construction ontheir 43-story Luma at Miami Worldcenter apartment tower at themulti-billion-dollar Miami Worldcenter development in DowntownMiami should begin in a matter of weeks.

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Zom Living of Orlando and the Moinian Group of New York City acquired theproject site located one block from Biscayne Boulevard from MiamiWorldcenter Associates, the developer of the $4-billion mixed-useproject being developed on 27 acres that is now underconstruction.

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The 434-unit apartment tower is to be the focal point of MiamiWorldcenter and is located adjacent to the Freedom Tower Metromoverstop and two blocks east of Brightline/Virgin Train's DowntownMiami station, which will provide residents convenient access toMetroRail, TriRail and Brightline Florida.

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“Today's urban renter demands a luxurious building withmarket-leading amenities and high pedestrian value, and Luma willprovide all that and more,” says Greg West, CEO of ZOM Living.“Luma's close proximity to parks, cultural venues, transportationand retail are unmatched in the market, and our setting withinMiami Worldcenter will offer residents next-level convenience andconnectivity.”

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“After successfully developing the country's largest singletower residential development Sky (71-story tower in New YorkCity), which includes over 70,000 square feet of cutting-edgeamenities, we are excited to expand our presence in such acosmopolitan city like Miami, and more specifically MiamiWorldcenter,” says Joseph Moinian, founder and CEO of The MoinianGroup.

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Luma will have a variety of floor plans ranging from 566 squarefeet to 1,808 square feet. The residential floors have a maximum of12 units per floor, allowing what the developers say will be “anintimate feeling in a tall slender tower that maximizes views ofBiscayne Bay and the Atlantic Ocean.”

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Amenities at the Lumina tower will consist of more than 45,000square feet of space that will include a membership-grade wellnesscenter with treatment rooms and sauna, sundry shop, speak easy, dogsalon, fitness club with classroom, resort-style pool andcomfortable ride share lobby. The project development partners saythe common areas will provide a “five-star hotel-caliber experiencethat fosters interaction among residents and provides an urbanoasis without having to leave the community.”

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“The success of Miami Worldcenter has always been grounded incollaboration with best-in-class partners, such as ZOM Living andMoinian,” says Miami Worldcenter managing partner Nitin Motwani.“Luma will kick-off the next phase of development for ourcity-within-a-city, delivering premium apartments that meet growingdemand for urban living in Downtown Miami.”

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The Miami Worldcenter development will feature 300,000 squarefeet of high street retail, destination dining and entertainment,more than 2,000 hotel rooms and up to 500,000 square feet of ClassA office space.

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ZOM Living has 6,000 units currently under construction or indesign/predevelopment throughout the US, with a totalcapitalization of $1.9 billion. The Moinian Group's holdingsinclude high-profile assets in New York, Dallas and Los Angeles. onmore than $750 million of transactions with Luma as its secondMiami project. Moinian Capital Partners offer construction loans,bridge loans, senior mortgages, mezzanine loans, preferred equityand common equity structures. Through leverage and syndication, thefirm's total lending capacity is in excess of $1 billionannually.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.