ZOM, an Orlando-based multifamily developer, just broke ground on its new apartment tower across the street from Brickell City Centre.
The 50-story tower, dubbed Solitair Brickell, will house 438 rental units when completed. Zom purchased the site at 86 Southwest Eighth Street for $16.8 million last year, which was then occupied by a surface parking lot and some green spaces.
JP Morgan Chase gave the developer $108.35 million in financing earlier this week, according to Miami-Dade County property records, and construction work started soon after.
The tower is a joint venture between ZOM and AIG Global Real Estate, an affiliate of the insurance provider AIG that both develops and invests in real estate.
Architecture firm ADD Inc., now with Stantec, designed the tower, and Balfour Beatty Construction is the general contractor. It will face a main pedestrian entrance to Brickell City Centre, and will have a covered walkway to Metromover, the developer said.
“ZOM wanted us to design a truly distinctive building that would integrate well with the ever-evolving Brickell landscape, which it will help define. Solitair will make a bold visual statement on the inside and out,” ADD Inc. Principal Jonathan Cardello said in a statement.
The developer is also working on another rental tower at Miami Worldcenter, though details for that project have yet to be released. — Sean Stewart-Muniz