Loan Secured for Luma at Miami Worldcenter

Zom Living and The Moinian Group have scored $142.5 million in construction financing for Luma at Miami Worldcenter, a 43-story luxury apartment tower in Downtown Miami.

The developers are getting ready to break ground on the 434-unit property at 150 Northeast 7th Street. When completed, it will be a focal point of the 27-acre, $4 billion Miami Worldcenter mixed-use project, the second largest master-planned development in the country after Hudson Yards.

Luma’s construction is expected to wrap in late 2021. Read more about it from the Commercial Observer.