ZOM Living acquired an office building in Doral for $26.25 million. Apartments are on the way.
The South Florida Business Journal reports that Ascent’s sold the 6.57-acre office site at 8300 N.W. 33rd Street to ZOM Living. PNC Bank provided a $92.3 million construction loan to Zom. It last traded for $19.96 million in 2021.
The property currently has a 109,559-square-foot office building that was built in 1998. However, it’s slated to be demolished in order to build 380 apartments.
This continues the trend of office buildings in western Miami-Dade County being redeveloped, usually with multifamily or industrial. While there’s been strong demand for office space in urban core markets like Brickell, it’s been harder to fill office space further west.
The post Zom Buys Doral Offices, 380 Apartments Planned appeared first on Connect CRE.
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