Residential


Mast Capital Purchases Prime 2.8-Acre Development Site In Brickell To Build Three Luxury Mixed-Use Towers

Miami-based developer Mast Capital has acquired the 2.8-acre vacant development site addressed as 1420 South Miami Avenue for $103 million from Rega Center Miami Holdings. The site is located on the southern edge of the Brickell Central Business District and represents one of the last remaining raw parcels of land available zoned for rapid transit-oriented high-density development in the area. The developer submitted site plans for a massive master-planned project yielding 2.6 million square feet across three soaring towers, including an 80-story luxury condominium tower with 400 residences, and two multifamily towers of 50 and 60 stories with a combined total of 850 luxury apartments. Mast Capital partnered with private equity real estate firm Rockpoint for the acquisition, the third joint venture between the two firms this year.

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72nd & Park Proposed As A 21-Story Mixed-Use Building In North Beach, Miami Beach

Final plans have been submitted to the Design Review Board of the City of Miami Beach for 72nd & Park, a 21-story mixed-use building proposed to rise 233-feet in North Beach. Designed by Arquitectonica with Built Form as the architect of record and developed by KGTC LLC, the development is projected to yield 239,997 square feet of space including 270 residential units, of which 121 are microunits, over 40,000 square feet of amenities, 17,211 square feet of retail space and 326 parking spaces. The property is primarily addressed as 7145 Carlyle Avenue fronting North Shore Park along 72nd Street.

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