Miami-based real estate developer Mast Capital, led by founder and CEO Camilo Miguel Jr., has partnered with Boston-based global real estate investment firm AEW Capital Management to launch Phase 2 of Waterline Miami River, an 6.31-acre residential development designed by Coral Gables-based Corwil Architects and located at 1001 Northwest 7th Street in East Little Havana, Miami. The second phase will rise 8-stories and bring the full development to a combined 688 apartment units, adding in 342 rental units on the remaining 2.7-acre development site with over 400 feet of unobstructed water frontage along the Miami River. The joint venture has secured financing from Wells Fargo for the project’s construction set to begin in January 2022.
Echelon at Delray Beach is moving toward completion in Palm Beach County, FL. The $44 million residential venture provides 14 units in a three-story building. Of the 14 units, four of them are penthouses.
Dezer Development and Bentley Motors announce the launch of a 12,000-square-foot sales gallery for the upcoming Bentley Residences, a 749-foot-tall ultra-luxury condominium tower designed by Sieger Suarez Architects set to be constructed at 18401 Collins Avenue in Sunny Isles Beach. The first phase of the $10 million sales gallery is set to debut later this month as the developer wraps up construction, located just a short walk away from the site future tower at 18325 Collins Avenue and prepped to include a full-scale 6,000-square-foot model of a unit at Bentley residences, a theatre and a brokers’ lounge. Bentley Residences will stand 62 stories over the Sunny Isles Beach ocean front and will yield 216 luxury residences, soon to take the crown for the tallest residential building on a beachfront in the United States.
Luxe on Tenth is unfolding in Sarasota, FL. Capital Investment Group previously sought to rezone 3.15 acres that now allows for high-density housing. The community will comprise 157 units in a four-story building.
Applications have been filed with the Federal Aviation Administration (FAA) for the construction of a 649-foot-tall building at 640 Northeast 34th Street in the Beverly Point sub-division of Edgewater, Miami. Located at the very end of the street, the interior lot fronts Biscayne Bay and bound by Hamilton On The Bay to the North and Bay Park Towers Condominiums to the South. The two coordinates listed in the applications correspond to a development site currently owned by Denver-based real estate developer Aimco, who also owns Hamilton On The Bay. In their Fall 2021 Investor Presentation, the developer told investors that they completed the purchase of additional properties beside their Hamilton on the Bay apartment tower, which combined will allow for 1.1 million square feet of new construction.