ZOM and Northwestern Mutual to Break Ground on Luxury Waterfront Apartment Community
323 units on a 4.7 acre site with over 750 linear feet of direct waterfront on the pristine Tampa Bay
Orlando, Florida (April 28, 2016) – ZOM Florida and Northwestern Mutual will commence construction on SEAZEN, a 323-unit multifamily apartment community located on the island of Rocky Point, just off the coast of mainland Tampa. The Rocky Point site, currently home to a Chart House restaurant, boasts over 750 linear feet of direct waterfront, maximizing breathtaking views of the water from the thoughtfully configured three- and six-story building layout. Construction will begin in August this year.
"We are excited to partner again with Northwestern Mutual on a high quality project in Florida” said Greg West, ZOM’s Chief Development Officer. “The Rocky Point site is unmatched in terms of waterfront location, amenities and convenient proximity to employment.”
John Jacobs, Director of Field Production for Northwestern Real Estate Investments, LLC, added, “The moment I saw the site, I knew it was something very special. There is nothing like it on the west coast of Florida. Almost 85% of the units have views of the expansive Tampa Bay. As I had hoped, ZOM has done a terrific job in designing a community that matches up perfectly with the site, giving it that upscale and contemporary feel while still fitting in with its surroundings. We are most excited about this exceptional opportunity with ZOM.”
Seazen is conveniently located to major employment centers and enjoys excellent linkages to a vast array of shopping, dining, cultural and entertainment venues, as well as connectivity to major transportation networks. Seazen is expected to be completed Summer 2018, with pre-leasing starting in late 2017.
ZOM is one of the most highly regarded luxury multifamily developers in the United States, and has joint ventured or directly developed over 16,500 apartment units nationwide, with an aggregate value in excess of $3 billion. Throughout its 39-year history, ZOM has garnered more than 100 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, Dallas, and Washington D.C. ZOM has an additional 5,600 units currently under construction or in design/predevelopment throughout the U.S. with a total capitalization of $1.5 Billion. For more information on ZOM’s multifamily portfolio, visit www.zomusa.com.
About Northwestern Mutual
Northwestern Mutual Real Estate ("NMRE") is one of the largest real estate investors in the nation, with investments in commercial mortgages and equity investments across all major property types, including apartments, office, retail and industrial. The $41+ billion real estate investment portfolio is composed of approximately 80 percent fixed income and 20 percent equity investments. Northwestern Mutual Real Estate is a financing source that provides experienced and knowledgeable people, quick and decisive action and flexible, creative solutions.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI, and its subsidiaries. Northwestern Mutual and its subsidiaries offer a comprehensive approach to financial security solutions including: life insurance, long-term care insurance, disability income insurance, annuities, life insurance with long-term care benefits, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Real Estate Investments, LLC; Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; and Northwestern Long Term Care Insurance Company.