Mast Capital, in partnership with AEW, has completed Remi on the River, a new multifamily development at 999 Northwest 7th Street in the Miami River District. Designed by Corwil Architects, the 8-story apartment community offers 342 rental units with various floorplans and amenities. It is situated near Miami’s Brickell Financial District, the Miami Health District, Downtown Miami, beaches, cultural attractions, and nightlife.
Remi on the River. Credit: Mast Capital.
“The Miami River District has seen a resurgence in the past years as a dining and entertainment destination with an influx of new residents fueling demand for luxury rentals and waterfront living,” said Camilo Miguel Jr., CEO and Founder of Mast Capital. “At Mast Capital, we have continued to invest in the Miami River District with the successful lease-up of the phase one multifamily development. With the completion of the second phase, Remi on the River, we are delivering on our mission to invest in the revitalization of this dynamic neighborhood.”
Remi on the River. Credit: Mast Capital.
Tony Crooks, AEW Portfolio Manager, added, “After the successful development and leasing efforts of our first venture with MAST on Waterline Miami, we were thrilled to continue our partnership with Remi on the River, our phase II multi-family development. The development and leasing efforts have really benefitted from the same drivers that attracted us to the Miami River in the first place, namely strong micro-location popularity with a burgeoning renter population of transient residents. Miami in general has growing demographics, migration, job growth, and rental demand which has cemented the city as a prime destination for our investment capital.”
Remi on the River. Credit: Mast Capital.
Remi on the River spans over 400 feet of water frontage along the Miami River, offering floorplans ranging from studios to three-bedroom apartments, from 465 to 1,334 square feet. The living spaces feature European-designed kitchens with stainless-steel appliances and built-in wine refrigeration, along with front control ranges in select units. Apartments provide views of the Miami River and the Miami skyline.
Remi on the River. Credit: Mast Capital.
Amenities include a resort-style swimming pool, an aqua lounge, a fitness center, and a resident lounge with coworking spaces. Residents also have access to a clubroom and private access-controlled parking.
Remi on the River. Credit: Mast Capital.
Remi on the River. Credit: Mast Capital.
Remi on the River is near Miami’s dining, shopping, and entertainment options, as well as cultural institutions like the History Miami Museum, the Miami Children’s Museum, and the Museum of Graffiti. The property is close to Downtown Miami, Brickell, Wynwood, Midtown Miami, and Miami Beach. The 5.5-mile Miami River is an active route for commercial cargo activity, leisure boating, and water sports.
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