Miami, Florida (PRWEB) June 01, 2017
ZOM Florida, and Invesco Real Estate, a global real estate investment manager, recently broke ground on MAIZON AT BRICKELL, a 262-unit multifamily highrise located within the Brickell district of Miami. This distinctive project will comprise both an 8 and 19 story midrise and highrise structure with attached structured parking, and occupies an excellent location within walking distance of Mary Brickell Village, Brickell City Centre, Miami Avenue and Brickell Avenue shopping venues, as well as over 50 restaurants within a five block radius.
"We are excited to partner with Invesco Real Estate on our first ever development venture together” said Kyle Clayton, ZOM Florida’s Development Vice President. “Our project site has excellent pedestrian access to the numerous retail, entertainment, and employment locations available in Brickell, and is also convenient to downtown Miami via the multi-modal public transportation nearby. Maizon will bring a new level of quality, unit features and amenities to the burgeoning West Brickell neighborhood.”
“We are very enthusiastic about the future of the Brickell neighborhood and the Miami market as a whole. Invesco Real Estate looks forward to working with ZOM to deliver a high quality product that will be distinctive in the market. We’re hopeful that the new relationship with ZOM will bring opportunities for future high quality investments benefiting our institutional clients,” said Evan Roth, Acquisitions Director at Invesco Real Estate.
Maizon is expected to deliver the first units in Q1 2019, with pre-leasing starting in late 2018. ZRS Management, LLC has been retained to provide leasing and property management services. Construction financing was provided by Santander Bank. Moss is the general contractor, and MSA Architects, Inc. is the architect firm for the project.
ZOM is one of the most highly regarded luxury multifamily developers in the United States, and has joint ventured or directly developed over 17,750 apartment units nationwide, with an aggregate value of nearly $3.3 Billion. Throughout its 40-year history, ZOM has garnered more than 130 industry awards for project design and development expertise, including the prestigious National Multifamily Development Firm of the Year award. ZOM is headquartered in Orlando and has regional development offices in South Florida, Texas, Washington D.C. and Raleigh. ZOM has 5,200 units currently under construction or in design/predevelopment throughout the U.S. with a total capitalization of $1.68 Billion. For more information on ZOM’s multifamily portfolio, visit http://www.zomusa.com.
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; http://www.invesco.com
About Invesco Real Estate
Invesco Real Estate is a global leader in the real estate investment management business with $66 billion in real estate assets under management, 451 employees and 21 regional offices across the U.S., Europe and Asia. The firm was established in 1983 and has been actively investing in core, value-add and opportunistic real estate strategies since 1992. Invesco Real Estate is a business name of Invesco Advisers, Inc. which is an indirect, wholly owned subsidiary of Invesco Ltd., (NYSE: IVZ), one of the largest investment management firms in the world with $834.8 billion in assets under management and on-the-ground presence in 29 cities worldwide. Information as of March 31, 2017.