Mast Capital & AEW Sell 342-unit Apartment Building in Miami River District

Mast Capital and AEW Capital Management have completed the sale of Remi on the River, a 342-unit luxury apartment community along the Miami River, to Valeris Capital. CBRE’s Robert Given, Troy Ballard, and Michael Mulkern advised on the sale. The transaction highlights continued investor demand for well-located multifamily assets in Miami’s growing urban core.

Delivered in 2024, Remi on the River is located at 999 NW 7th Street, minutes from Brickell, Downtown Miami, and the Miami Health District. The waterfront property spans more than 400 feet of river frontage and offers a mix of studios, one-, two- and three-bedroom units ranging from 465 to 1,334 square feet.

Residences feature European-style kitchens with stainless-steel appliances, select units with built-in wine refrigerators, and expansive views of the river and city skyline. Amenities include a resort-style pool, aqua lounge, fitness center, coworking lounge, clubroom, and access-controlled parking. The project was designed by Corwil Architects.

“The sale of Remi on the River underscores the property’s exceptional lease-up performance, the quality of its design and amenities, and the growing appeal of the Miami River District as a premier destination for waterfront living,” said Camilo Miguel Jr., CEO and Founder of Mast Capital.

The Miami River has emerged as one of the city’s most dynamic residential and mixed-use submarkets. Stretching 5.5 miles through the city, the river corridor is home to commercial cargo operations, boating activity, and a growing number of lifestyle and residential developments.

Remi on the River’s location places residents within reach of Miami’s cultural institutions, including the History Miami Museum, Miami Children’s Museum, and Museum of Graffiti, as well as nearby retail and dining in Brickell, Wynwood, Midtown, and Miami Beach.

For Mast Capital, the deal reflects the firm’s broader strategy of investing in transformative projects across Miami. “This project reflects our commitment to investing in the continued revitalization of this vibrant neighborhood,” Miguel added.

Mixed-Use Multifamily Development Wynwood Haus Launches Pre-Leasing In Wynwood

Wynwood Haus, a new mixed-used, multifamily development designed to encourage living, working, wellness and community in one central locale, has launched pre-leasing for its 224 luxury apartment homes and prepares to welcome its first residents by year's end. Leasing is overseen by Metro1. Developed by Black Salmon and LD&D, in partnership with Bridge Investment Group, Wynwood Haus was created to satisfy the demand of today’s progressive renters, from young professionals to entrepreneurs and starter families, who are drawn to innovation and aspire to enhance their quality of life.

Set at 23 NE 17th St., the property presents studios, one- and two-bedroom floor plans, ranging from 394 to 945 square feet, as well as 5,500 square feet of ground-floor retail. From sweeping views, contemporary design and ample green space to wellness-centric offerings and an impressive rooftop amenity and pool deck with incomparable city and bay vistas, the building sets a superior standard of urban sophistication.

Designed by acclaimed architecture firm Corwil Architects, with interiors by LD&D’s design division, Wynwood Haus allures with dynamic and desirable offerings. It will present the perfect balance of a coveted address, surrounding convenience, and serene ambiance, set among parks and lush landscape curated by world-renowned designer Enzo Enea.

Residences rival those of luxury high-rises and are adorned with intricate wood paneling, concrete accents, and luxe lighting throughout to elevate the modern aesthetic. Floor-to-ceiling windows ensure natural light from every angle, while balconies open to picturesque cityscape panoramas. Additional features and finishes include full-size, high-efficiency in-unit washer and dryer, wireless-controlled smart thermostat in select units, 10-foot ceilings, walk-in closets in most residences, a rain shower, and secure keyless entry. With leasing and property management by Bozzuto, meticulous attention, warm hospitality and a strong sense of community will be unwavering priorities.

“We are thrilled to introduce this stand-out building to Wynwood and the city skyline,” said Camilo Lopez, Managing Partner and Co-CEO of Black Salmon. “The project’s central location, modern residences, and stunning views from both the rooftop amenity deck and units fulfill the urban dweller's dream of harmonizing city life with tranquility, while contributing to the vibrant tapestry of its surrounding community.”

“Our vision for Wynwood Haus was to rise above competition by offering a modern and effortless living experience, one with thoughtfully designed spaces that are not only beautiful but that also nurture collaboration and camaraderie among residents,” added Diego Bonet, Managing Partner of LD&D.

A community-centric vibe presents spaces built to connect with others, with thoughtful programming to satisfy every passion and pursuit. Offering a fusion of activity and relaxation, Wynwood Haus' carefully curated amenities were cultivated to encourage inspiration, interaction, and introspection.

The pinnacle of offerings is set within the rooftop amenity and pool deck with an indoor/outdoor lounge and club room for socialization and entertainment. Those looking to unwind can visit the yoga room for a session, with a sauna and steam room. Health enthusiasts can also work up their heart rate in the state-of-the-art, 2,500-square-foot fitness center, then cool down by the pool and get their share of vitamin D at the sundrenched deck, complete with bay views, a sky garden, and a barbeque area with outdoor dining. Private workspaces provide a corner for focus, while a conference room and co-working area invite function, collaboration, and exploration for the contemporary work life.

A lobby lounge with ample seating and a coffee bar welcome residents with warm hospitality and a striking mural by artist Ana Gutierrez. The ground floor also features a library, pet washing and grooming station, electric car charging stations, a smart locker package room and cold storage, as well as dynamic retail offerings.

Wynwood Haus’ location affords walkability to the conveniences of everyday life. The property complements the neighborhood’s renaissance as one of the city’s thriving destinations, with new offices, tech-centric businesses, and expanding retail, dining, and bustling art scenes, creating a true live-work-play lifestyle. It is also just minutes from major thoroughfares and the Design District, Midtown Miami and Downtown. To further enhance connectivity throughout the city, the project is a designated transit-oriented development (TOD) within walking distance of the School Board Metromover station.

Renderings via Wynwood Haus

Black Salmon, Lineaire Group and Bridge Investment Group Top Off Wynwood Haus

Black Salmon, a national commercial real estate investment and development firm based in Miami; Lineaire Group, a Miami-based real estate investment and development firm focused on urban infill projects; and Bridge Investment Group, a leading, national real estate investment and property management firm, have topped off Wynwood Haus at 20 stories.

The construction milestone for the 224-unit multifamily project, located at 1765 N. Miami Ave., was marked by a celebratory event held onsite on August 12, 2022. In attendance were the development partnership and Wynwood Haus’ general contractor, Beauchamp Construction Company, as well as the Omni Community Redevelopment Agency (CRA).

"The topping off of Wynwood Haus is a significant achievement for our team and another positive step forward for the neighborhood of Wynwood, which is currently undergoing a renaissance as one of the city’s thriving areas,” said Camilo Lopez, managing partner and Co-CEO of Black Salmon. “We are grateful to our construction partners and look forward to the completion of a building that truly encapsulates the best of Wynwood.”

Designed by acclaimed architecture firm Corwil Architects, Wynwood Haus is situated at the entrance of Wynwood, Miami’s creative and cultural neighborhood. It will present the perfect balance between Miami’s fast-paced ambiance and a serene environment, with landscape curated by world renowned designer Enzo Enea. The project will complement the area’s new offices and tech-centric businesses, and expanding retail, dining and bustling art scenes, creating a central live-work-play lifestyle in proximity to Downtown, Miami Beach, and the Design District.

“Demand for multifamily is on the rise, particularly in Miami, which remains the most popular migration destination in the U.S.,” said Lineaire Group Partner Diego Bonet. “We are confident that Wynwood Haus will appeal to those seeking a sense of community – co-working spaces and connectivity to local businesses and transit within a curated, modern environment – all within one of Miami’s trendiest communities.”

“Wynwood Haus is an exceptional project which will serve as one of the main catalysts to growth in the area, the topping off marks an exciting achievement and we look forward to when the project opens next year,” said Bridge Investment Group’s CIO David Coelho.

The apartment’s floor plans will feature studios, one and two bedrooms ranging from 394 to 945 square feet. Modern details and finishes include floor-to-ceiling windows, oversized balconies, full-size in-unit washer and dryer, wireless-controlled smart thermostat, 10-foot ceilings, walk-in closets in most units, a rain shower, and secure keyless entry.

Interiors by Lineaire Designs will introduce intricate wood paneling and concrete accents throughout to elevate the modern aesthetic. For the urban dweller, living will be effortless with amenities that include a pool and sun deck with bay views, a fitness center and outdoor terrace. Private workspaces, a conference room and co-working area invite function for the contemporary work life. The ground floor will also feature a library, resident lounge, pet grooming, electric car charging stations, a smart locker package room and cold storage, as well as 5,500 square feet of retail space.

The project is a designated transit-oriented development (TOD) within walking distance of the School Board Metromover station. This furthers the economic growth of the area by increasing access to jobs and connectivity.

Wynwood Haus is scheduled for completion in Summer 2023.

Mast Capital Breaks Ground On Second Phase Of Waterline Miami River Multifamily Development

A partnership between Mast Capital and global real estate investment firm AEW Capital Management has launched the second phase of Waterline Miami River, which will bring the full development to a combined 688 apartment units. The second phase will consist of 342 rental units on a 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.

One of the early developers to recognize the Miami River’s potential as an active waterfront community, Mast Capital acquired its first piece of land along the riverfront in 2018, developing the initial phase of Waterline Miami River with AEW, and since then, the Miami River District has continued to thrive with restaurants, outdoor entertainment and residential living. Mast Capital delivered the first phase of Waterline Miami River, a 346-unit luxury multifamily community, in late 2020 and reached stabilization just eight months after its completion. 

The second phase will be comprised of studios, one-, two-, and three-bedroom units spanning approximately 280,000 rentable square feet and masterfully crafted community amenities. The project’s general contractor is Kaufman Lynn and the architect is Corwil Architects.

Residences will feature European kitchens, modular European closets, washer and dryer, private large balconies, premium quartz countertops, and stainless-steel appliances. Residents at Waterline Miami River will enjoy breathtaking views of the Miami River and the Downtown and Brickell skyline.

Amenities will include state-of-the-art fitness center, a one-acre park, a dog park and open recreational area, 24/7 package and dry-cleaning lockers, tech hub and flex office spaces for residents working remote, conference rooms, WiFi in social hubs, private access parking, pet spa with washing station, and secure bike room with repair station.

“The Miami River has long been seen as a working waterway, but it’s also becoming a thriving residential neighborhood. The population growth and strong demographics Miami is experiencing will continue to fuel growth along the riverfront,” said Camilo Miguel, Jr., CEO and Founder of Mast Capital. “Since pre-leasing commenced at Waterline Miami River, we saw high demand for the apartment community given the lifestyle offerings in the surrounding neighborhood and strategic location near Miami’s thriving urban core. We are confident that phase two will experience similar demand given the need for additional rental housing and the increased desirability of the Miami River District.”

Waterline Miami River is located just half a mile south of the Miami Health District, which employs 45,000 and draws 160,000 annual visitors and is recognized as the second largest health district in the U.S., and within 1.5 miles of Downtown Miami and the Brickell Financial District.

According to the Miami River Commission, Miami River’s shorelines feature public river walks, nine major parks, five major hotels, over 11,910 new residential units, 25 restaurants and over a dozen boatyards, marinas and historic sites. There’s also an additional 6,667 approved units, five planned hotels with 1,200 new rooms and 22 planned restaurants in the works.

The Collective Reveals nArchitets-Designed Co-Living Mixed Use Building In Wynwood

The Collective has revealed plans for their proposed co-living mixed-use building to be located at 2825 NW 2nd Ave. The Collective is a London-based co-living operator and real estate developer which was founded in 2010 by Reza Merchant. The Collective currently operates co-living buildings in New York and London. The proposed building is expected to rise 12-stories and is designed by is designed by nArchitects with Corwil Architects as the architect of record.

The Collective Wynwood is proposed to have 180 residential units, 70 hotel units and 9,508 square feet of ground floor retail. The building is also expected to have 82,000 square feet of amenity spaces spread throughout every floor and includes co-working space, communal kitchens, a fitness center, gaming rooms, meeting rooms, a workshop studio, eight floor pool deck and rooftop garden.

West Aventura Developers Proposes Mixed-Use Development In Newly Rezoned Ojus Urban Area District

West Aventura Developers, led by Marina Kessler and Gustavo Lumer, have proposed there mixed-use buildings in the newly rezoned Ojus Urban Area District, just west of Aventura. The area which sits just north of Greynolds Park, was recently rezoned by Miami-Dade county to allow mixed-use development and more density. The 7.9 acre site is located at 2375 NE 186th St.

The proposal includes three buildings designed including an 8-story building with 378 apartment units, 31,375 square feet of retail and 585 parking spaces designed by Corwil Architects; a 12-story building with 114,385 square feet of leasable office space, 16,715 square feet of retail and 552 parking spaces designed by Arquitectonica; the final building would rise 8-stories offering 247 apartment units, 19,160 square feet of retail, 386 parking spaces and a rooftop pool, also designed by Corwil Architects.

AvalonBay Communities Acquires South Miami Winn-Dixie Site For $18.95 Million

AvalonBay Communities, led by CEO Timothy Naughton, has acquired a South Miami Winn-Dixie site located at 5850 SW 73rd Street for $18.95 million. The seller was a joint venture between entities tied to the Bacardi family and Alta Development, led by Henry Pino, who had acquired the property in 2007 for $14.5 million.

The 1.9 acre site has approval to build a 9-story mixed-use project with 283 apartment units and a 36,395 square foot grocery store designed by Corwil Architects. The residential component would feature a pool dec and 8,000 square feet of amenity space, along with the development offer 400 parking spaces. The new building would replace a 20,664 square foot Winn-Dixie which was built in 1962. The site is located just a few block from the South Miami Metrorail Station.

TSG Group & Lineaire Group Reveal Wynwood Haus Designed by Corwil Architects

TSG Group and Lineaire Group have revealed plans for Wynwood Haus, a 20-story residential project designed by Corwil Architects. Wynwood Haus will be a residential apartment rental building offering 224 residential units. 42 of the residential units will be micro units, just under 400 SF. Wynwood Haus will be located in an Opportunity Zone on the 1700 Block of North Miami Avenue in Miami’s Arts & Entertainment District, nearby Filling Station Lofts and CANVAS. Wynwood Haus will also feature 5,204 SF of ground floor retail and 222 parking spaces. The plans were recently submitted to Miami’s Urban Development Review Board and are expected to be reviewed this month.

13th Floor Investments & Tricera Capital Go Vertical On The Boulevard In Mimo

13th Floor Investments and Tricera Capital have commenced vertical construction on The Boulevard. The apartment rental building will offer 283 apartment units, 35,855 SF of restaurant space, 13,485 SF of retail space and 517 parking spots. The Boulevard was designed by Corwil architects with Civic Construction as the general contractor. Rents are expected to average $2,200 per month. The development partnership got the green light to commence on the project in February 2018 and the developers locked down a $63.8 million construction loan in December 2019. The Boulevard is located at 5700 Biscayne Blvd., just north of Miami Design District in MiMo, adjacent to the local hotspot pizza place Andiamo. The lot had seen several projects proposed for the site yet were never built. The 2.2 acre vacant land changed ownership several times including 13th Floor Investments and Tricera Capital’s acquisition for $19.5 million in June 2017 from Unitas Development Group.

Alta Developers and Bacardi Foundation's South Miami Town Square Approved In South Miami

Alta Developers and the Facundo and Amalia Bacardi Foundation have been awarded approval by city commissioners to change the zoning needed to move ahead with South Miami Town Square, located at 5850 SW 73rd Street and 7331 SW 59 ave. The mixed-use project will feature 301 residential units, 24,391 SF of market space and 22,808 of retail. The developers will also build a plaza connected to the pedestrian walkway system and enhanced streetscape design to activate the surrounding public spaces. South Miami Town Square is designed by Corwil Architects.