Mast Capital

Miami, FL

6.31 acre development site with over 1,000 feet of unobstructed water frontage along the Miami River
Site to be developed into approximately 700 apartment units in two phases
Located on the Miami River half a mile south of Miami's Health District and within 1.5 miles of the Downtown/Brickell CBD

The Miami River is a burgeoning dining and entertainment destination that is attracting significant developer interest
Location near Miami’s Health District, which employs 45,000 and draws 160,000 annual visitors (2nd largest health district in the U.S.), yet which is under-supplied for quality multifamily
Attractive cost basis with land acquisition price per square-foot representing a significant discount to recent land transactions in Miami's urban core
Site’s large footprint enables development of cost-effective, 8-story wrap construction

Mast partnered with AEW, a global real estate investment firm, to acquire and develop the site
Retained Coral Gables-based Corwil Architects, who have considerable for-rent residential experience and a strong track record in Miami, to design the project
Phase I of the project began construction in Dec 2018 and achieved TCO Oct 2020