Mast Capital has submitted a proposal to build a 688-unit apartment complex along the Miami River. The project is proposed to be built on a 6.31 acre site located at 1001 NW 7th Street which Mast Capital is currently under contract to buy. The project would rise 8-stories and in addition to the apartment units would also feature 780 parking spaces and 2,795 SF of retail. Mast Capital is requesting a 30% reduction in parking. The building is being designed by Corwil Architects and construction would take place in 2 phases. The proposal is scheduled to be reviewed by Miami's Urban Development Review Board (UDRB) on January 17, 2018 and was approved in December by the Miami River Commission.
Real Estate Development News
