ZOM USA Purchases Met Square Development, Secures $101 Million Loan

Rendering of completed Met Square

On Monday Orlando-based ZOM USA purchased an area of downtown Miami land on which the mixed-use project Met Square is being developed for $17.645 million. A new loan of over $101 million with UBS Realty was recorded with the sale.

Met Square is the final phase of Metropolitan Miami Project developed by MDM Group USA. It is to include a 43-story apartment tower of 391 units, a 80,000 square foot 17-screen movie theater, and retail / restaurant space. A museum to feature Tequesta Indian ruins found during development will also be included.

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