Joint Venture Acquires 11.3 Acres In Miami To Develop $36 Million Mixed-Use Project

Apr 21, 2019 No Comments by

A joint venture between ZOM Living, Scout Capital Partners and Mattoni Group has acquired 11.3 acres of Ludlam Trail in Miami.

The developers will transform the unused train tracks into a six-mile, 100-foot wide trail that connects Miami International Airport and Dadeland Station. The yet-to-be-named project will feature 950 rental units and 35,000 square feet of retail space.

Construction on the first of three phases is expected to begin in the fourth quarter of 2019. The joint venture bought the land from Florida East Coast Industries.

 

Source:  RE Business

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Industry News, Miami-Dade County Multifamily, Miami-Dade County Retail, Multifamily, NA, Retail
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