Apartments continue to multiply in seaport city.
Miami’s Vice Taking Shape
A 32-story apartment tower called Vice is taking shape in Miami on the western portion of a piece of property on Biscayne Boulevard, Skyrise Cities reported. New York City-based Property Markets Group is the developer, and the architect is CFE Architects. The structure is set to contain approximately 460 apartments, 4,000 sq. ft. of retail and plenty of amenities, including an expansive pool and deck. Completion is slated for 2018. On the eastern portion of the property, a 500-unit condominium development is planned.
Monarc at Met 3 Opens
The 32-story Monarc at Met 3 apartment tower in downtown Miami opened in June. MDM Development and ZOM completed the mixed-use tower approximately four years after beginning construction, The Real Deal reported. The building is split into two portions: an 11-story podium with 1,442 parking spots and retail space and an apartment portion with 462 rental units. MDM has other large mixed-use projects underway in the area, including the Met 1 condo tower; Met 2, composed of the Wells Fargo Financial Center and the JW Marriott Marquis Miami; and Met Square, the final phase, consisting of a 43-story apartment tower with 391 units, ground-floor retail space and an 80,000-sq.-ft. Silverscreen Cinema.
Lifeway Mobility Buys Freedom Lifts
Lifeway Mobility announced in July that it became the majority shareholder of Freedom Lifts, a Danielson, Connecticut-based provider of stairlifts, wheelchair lifts and elevators. According to Lifeway Mobility, the acquisition is part of its strategic plan to enhance consumer services and offer value-added products.
Paul Bergantino, president of Lifeway Mobility, explained:
“The goal is to leverage the strengths of both organizations and become the primary resource for ramps, lifts, and transfer products for clinicians, architects, contractors, organizations, and consumers.”
Freedom Lifts will continue to operate under its own brand. While Lifeway Mobility operates throughout southern New England, Freedom Lifts has served Connecticut, Massachusetts and Rhode Island for more than 30 years.