Mast Capital

Developers Complete and Open Edera Palm Springs, a 264-Unit Residential Community in West Palm Beach

8:00 am on November 1, 2024 By Oscar Nunez

Mast Capital, Rockpoint, and The Spear Group have announced the official opening of Edera Palm Springs, a new residential community offering 264 upscale apartments in the rapidly growing village of Palm Springs within West Palm Beach. Located at 2085 South Congress Avenue, Edera Palm Springs offers a walkable garden-style community with 11 three-story buildings set amid lush landscapes, and is just a short 15-minute drive from downtown West Palm Beach. Currently experiencing a strong leasing demand, Edera Palm Springs has approximately 60% of units leased shortly after opening.

Cipriani Residences Miami Completes Brickell’s Largest Foundation Pour of the Year

8:00 am on October 29, 2024 By Oscar Nunez

Developer Mast Capital has completed the largest mat foundation concrete pour in Brickell this year for Cipriani Residences Miami, marking a significant milestone in constructing the brand’s first North American ground-up residential project. The pour, spanning approximately 16 hours, involved 11,500 cubic yards of concrete and 2,500 tons of reinforcing steel, making it the largest recorded along South Miami Avenue, a primary corridor in Miami’s Brickell district. Moss Construction led the effort, coordinating over 50 team members and 750 concrete truckloads.

Developers Complete Remi on the River at 999 NW 7th St. in the Miami River District

8:00 am on July 28, 2024 By Oscar Nunez

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 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.

Construction Concludes on ‘Remi on the River’ at 999 N.W. 7th St., Miami, FL

7:00 am on July 27, 2024 By Colt Dodd

A market-rate apartment complex has officially ended construction along the Miami River. The aptly named “Remi on the River” is a 342-unit community offering studio to three-bedroom apartments.

Developers Break Ground On 17-Story ‘The Perigon’ At 5333 Collins Avenue In Miami Beach

7:30 am on April 4, 2024 By Oscar Nunez

Mast Capital and a controlled affiliate of Starwood Capital Group broke ground on The Perigon, a 17-story residential development at 5333 Collins Avenue, noted for its unique position as the only new beachfront condominium project currently under construction in Miami Beach, with completion anticipated for late 2026. Designed by the globally acclaimed architecture firm OMA with ODP Architecture & Design as the architect of record and boasting interiors by Tara Bernerd & Partners, this building will feature 73 private residences. These homes offer expansive views of the Atlantic Ocean, the Miami city skyline, and Biscayne Bay, alongside over 20,000 square feet of unparalleled private amenities and exclusive dining experiences by Michelin-starred Chef Shaun Hergatt. Moss Construction is the general contractor, and Malcolm Drilling is the foundation contractor.

Brickell’s Tallest Tower, Cipriani Residences Miami, Breaks Ground At 1420 South Miami Avenue

8:00 am on February 26, 2024 By Oscar Nunez

Moss Construction marked a pivotal moment in the transformation of Brickell’s skyline with the groundbreaking of Mast Capital’s Cipriani Residences Miami on February 13. This event heralds the rise of what is set to become Brickell’s tallest edifice, reaching an impressive height of 950 feet above ground level. Designed by the esteemed Arquitectonica with interiors by 1508 London., the development will tower over 1420 South Miami Avenue as an 84-story, nautical-inspired skyscraper. It is slated to house a collection of 397 residences featuring lavish penthouses complete with private pools.

Record-Breaking $600 Million Loan Secured For 80-Story Cipriani Residences Miami Ahead Of Groundbreaking

8:00 am on February 9, 2024 By Oscar Nunez

Mast Capital, a Miami-based real estate developer, is gearing up to begin construction on Cipriani Residences Miami following robust sales activity. The developer has secured a record-breaking construction loan of $600 million from Mexico’s Banco Inbursa and Ascendant Capital Partners, the largest amount ever obtained for a single-tower residential construction in Florida. The considerable loan, consisting of $350 million from Banco Inbursa and $250 million from Ascendant Capital Partners, highlights the strong market confidence in the project, driven by its sought-after design, amenity offering, and prime location in the Brickell neighborhood.

Mast Capital And Rockpoint Mark Topping Off Of 3900 Alton Road In Miami Beach

8:00 am on December 15, 2023 By Oscar Nunez

Mast Capital, in partnership with Rockpoint, has achieved a notable construction milestone by topping off 3900 Alton Road. This nine-story residential building in Miami Beach, designed by the esteemed Arquitectonica with landscape architecture by Within Hults + Partners, adds 178 new units to the city’s housing market, establishing it as a premier location for upscale rental accommodations. Kaufman Lynn Construction, serving as the general contractor, recently showcased a video on LinkedIn celebrating the topping ceremony. JGR Construction, Inc. oversees the structural work, and US American Concrete oversees concrete tasks. Coastal Metal is responsible for metalwork, while AKO Plumbing Corp is the plumbing contractor. Morrow Equipment has two tower cranes at the site. Doka USA provides formwork solutions, and NV5, Inc. handles construction materials testing.

Demolition Work Progresses At 5333 Collins Avenue For The Perigon’s Future Site In Miami Beach

8:00 am on November 22, 2023 By Oscar Nunez

Demolition work continues to progress at the site of The Perigon, a 17-story luxury oceanfront condominium developed jointly by Mast Capital and Starwood Capital Group, located at 5333 Collins Avenue in Miami Beach. Designed by OMA with interior design by Tara Bernerd & Partners, the 213-foot-tall structure will offer 73 ultra-luxury residences, ranging from 2,100 to 6,700 square feet, in addition to eight private guest suites exclusively for residents. Groundbreaking for this project is expected in early 2024; Moss Construction is the general contractor.

Mast Capital Unveils Mixed-Use Redevelopment Plans for Iconic Saddlebrook Resort Property in Tampa

8:00 am on July 16, 2023 By Oscar Nunez

Mast Capital, in collaboration with Amzak Capital, has unveiled an extensive master plan to refurbish the notable Saddlebrook Resort, located in Tampa’s coveted Wesley Chapel district. The revelation arrives over a year after acquiring the 480-acre estate in March 2022, aiming to re-establish its central role in the prosperous community.

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