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Luma At Miami Worldcenter Locks Down $143 Million Construction Loan, Groundbreaking Imminent

Luma At Miami Worldcenter Locks Down $143 Million Construction Loan, Groundbreaking Imminent

April 16, 2019

Luma at Miami Worldcenter has locked down a $143 million construction loan as the developers gear up to break ground on the 43-story tower. The loan was provided by Moinian Capital Partners with a 60% equity piece valued at $23.7 million. The tower is being developed by ZOM Living after the developer acquired the lot from Miami Worldcenter Associates. When complete Luma will feature 434 rental apartments which range from 566 SF to 1,808 SF. The building is designed to take advantage of the waterfront views of Biscayne Bay. Luma will offer over 45,000 SF of amenities including a fitness center, spa with sauna and treatment rooms, speakeasy, dog salon, classroom, residents lounge and a resort-style pool. Luma is expected to be completed in 2021.

In Commercial, Construction Update, Construction News, Construction, Downtown, Finance & Banking, New Construction, News, Residential, Rentals Tags Luma Miami Worldcenter, LUMA, Zom, ZOM Living, News, Moinian Capital Partners, Miami Worldcenter, Miami World Center, Miami Worldcenter Associates, Downtown, Park West, Financing, Finance, Finance & Banking, Construction Loan, New Construction, Apartment Rentals, Apartments, Commercial, Residential, Construction News, Construction, Construction Update
← CIM Group & One Real Estate Investments Lock Down Construction Financing For Wynwood SquareMiami Developer Avra Jain, Founder Of The Vagabond Group, Sells Venetian Island Home For $7.5 Million →

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