Newly Completed Fort Lauderdale Waterfront Spec Home Sells For Las Olas Isle Record $14.75 Million

South Florida’s residential real estate market is still on the rise and setting records. 6 Pelican Drive, a newly completed waterfront spec home in Fort Lauderdale, just sold for an all-time record-high sales price of $14,752,480 for a home on a canal in the Las Olas Isle Neighborhood. The contemporary home in Seven Isles offers 6 bedrooms and 5 bathrooms spread over 10,350 SF with a rare 120' of Intracoastal waterfront views. The transaction closed at roughly $1,425 PSF with Compass representing both sides of the deal with The Elmes Group representing the sellers and Jamie Boyle representing the buyers.

The ultra-modern home features floor-to-ceiling windows letting in natural bright light throughout the home, a spacious living area, a glass wine wall, a lounge and a gourmet chef's kitchen on the main level. A floating staircase leads to the second floor and with an expansive primary suite that includes an elegant showroom-style custom wardrobe room. The home also features an air-conditioned 4-car garage. The backyard oasis includes a 72' lap pool and a built-in summer kitchen as well as multiple seating areas with water views.

Images via Compass

Genting Group Draws 5 Bids Over $1 Billion For The Former-Miami Herald Waterfront Development Site

Genting Group has received five bids over $1 billion following a marketing period led by Avison Young’s Florida Capital Markets Group for the former Miami Herald site in Downtown Miami, one of the largest and most valuable development sites in the United States. The largest bid values the property at just under $1.5 billion for the rare Omni District waterfront site. The land is a ±15.5-acre development opportunity which was dubbed BayCity Miami and is currently host annually to ArtMiami and CONTEXT Art Miami during Miami Art Week as ArtMiami’s Art Wynwood show in February. The property was previously occupied by the Miami Herald headquarters which was demolished in 2014.

Located at 1431 N Bayshore Drive in Miami the property features 800 linear feet of direct Biscayne Bay frontage and highly aggressive zoning in one of Miami’s most dynamic and connected neighborhoods, it is considered the most desirable development site offering in the city’s history and one of the largest waterfront land assemblages currently available in the U.S. The property has the potential to build a landmark mixed-use office, retail, residential, hospitality, and entertainment destination.

Genting Group appointed Avison Young’s Florida Capital Markets Group led by Avison Young Principals Michael T. Fay, John K. Crotty, CCIM; David Duckworth, and Vice President Brian C. de la Fé to spearhead the marketing and sale of property. Genting Group, one of the largest resort and entertainment and gaming corporations in the world which operates Resorts World, will remain invested in the Omni area, maintaining ownership of parcels spanning 10 acres west of Biscayne Boulevard.

Spanning several lots, including the former Miami Herald headquarters site, the property is in the Metromover subzone of Miami-Dade’s mixed-use zoning of RTZ (Rapid Transit Zone). With South Florida’s most generous zoning designation, the site has unlimited buildable square footage, no setbacks, a height limited only by the FAA regulations (649 feet) and a potential density of over 8,000 units. The RTZ zoning provides developers an enormous, highly flexible building envelope and the opportunity to develop a singular waterfront development of incredible scale.

Over the past 2.5 years, Miami has become a Tier-1 American city, on par with New York City and Los Angeles. According to proptech platform AVANT by Avison Young, Orbital Insight, Miami is outperforming most top U.S. metropolitan cities, including New York, as far as daily visitors to the city’s downtown urban core. Additionally, high-income earners and some of the most successful financial services, technology and cryptocurrency firms continue to relocate to Miami from other major metros. Rents across commercial real estate asset classes in Miami are at all-time highs, and development sales continue to break records.

PMG, Lion Development Group And Marc Roberts Companies Launch West Eleventh Residences In Lavish District 11 Fashion

On Tuesday, March 14th, national developer PMG along with partners Lion Development Group and Marc Roberts Companies celebrated the official launch of West Eleventh Residences. The event took place at the lavish sales gallery for West Eleventh Residences, debuting the newly revealed scale model of the tower and complete with a Yupix meta-realty virtual reality experience as well as a whale ice sculpture at the champagne bar. The E11EVEN-style soiree later made its way to Giselle for a high-energy afterparty at the new rooftop hotspot atop the E11EVEN rooftop.

Situated in Miami’s District 11, one of the city’s most notable entertainment destinations, West Eleventh Residences will be the first centrally managed luxury condo tower to grant owners the option to host 365 days on Airbnb. Located at 18 NW 11th Street, the tower will rise 44 stories and consist of 659 fully furnished, turn-key residences complete with vibrant amenities and a distinctive 30,000 square foot, tri-level experiential entertainment venue on the ground floor.

Residents at West Eleventh Residences will have access to over 20,000 square feet of elevated amenity space specially curated to extend owner comfort. Amenities include a resort-style pool, private lounge areas, state-of-the-art fitness and wellness centers, co-working space, a signature supper club restaurant, and more.

Designed by internationally renowned architecture firm Sieger Suarez Architects, with residential interior concepts by ArX, West Eleventh Residences will offer the latest smart building technology, top-of-the-line appliances, and sweeping views of the Miami skyline, Biscayne Bay, and the Atlantic Ocean. Each of its fully finished and fully furnished studio and one-bedroom residences will also be equipped with PMG smart home technology, delivering seamless personalization with the touch of a button for integrated audio, video and lighting systems.

West Eleventh Residences will give owners the ability to host on Airbnb year-round with seamless centralized management, the first tower in Miami to offer this distinctive luxury. Each residence will be optimized for hosting on Airbnb, giving owners unparalleled autonomy and peace of mind through the convenience of hospitality-level service and oversight. The knowledgeable concierge staff will assist owners in the creation of personalized listings with services ranging from crafting the perfect listing description to offering professional photography resources.

West Eleventh Residences marks the fifth PMG property to launch in Downtown in the past 3 years, with a nearly $3 billion total sellout value of all developments. With luxury residential developments nationwide, PMG delivers impeccable attention to detail throughout each of its projects. The developer is notable for meticulously designed condominium developments such as 111 West 57th Street, Walker Tower, Stella Tower, 111 Leroy in New York City, Echo Aventura, Muse Residences Sunny Isles, Echo Brickell and Mei in South Florida, as well as Waldorf Astoria Hotel & Residences Miami, The Elser Hotel & Residences in Miami, and two other successful pre-construction towers in Miami’s District 11. Currently, PMG is developing more than five million square feet of new development that will deliver sophisticated design, high-end finishes and premium quality.

PMG Residential exclusively oversees sales and marketing for West Eleventh Residences.

Macken Companies Tops Off Construction On Koya Bay Waterfront Townhome Development In North Miami Beach

Macken Companies has topped off Koya Bay, a luxury waterfront townhome community directly on the Intracoastal Waterway within the neighborhood of Eastern Shores. Located at 4098 NE 167 St. in North Miami Beach, Koya Bay features 10 four-story residences, each with a private elevator, expansive rooftop terrace and two-car garage with optional car lift. Boat slips are outfitted with water and electricity.

Macken Realty is the exclusive sales agent for Koya Bay. The project is nearly sold out with only one developer unit is available for $2,759,900. Completion is scheduled for late 2023. VCM Builders, an affiliate of Macken Companies, is the general contractor. Macken Companies is a vertically integrated real estate firm with development, construction and brokerage entities.

“We are thrilled to have reached this milestone and look forward to delivering an exceptional community to the City of North Miami Beach,” stated Alan Macken, principal, Macken Companies. “Koya Bay is a boater’s paradise with no fixed bridges and located minutes away from the Haulover cut and sandbar. This beautiful boutique community provides our buyers with the best value in the market and a distinct opportunity to own the only new waterfront townhome option available in the area.”

Koya Bay’s prime cul-de-sac location is buffered by water on three sides, providing direct and unobstructed views of the Intracoastal Waterway. The gated community offers three, four and five-bedroom floorplans ranging in size from 4,327-5,288 square feet.

Macken Companies has once again teamed up with the esteemed Randall Stofft Architects and Witkin Hults + Partners to design tropical modern townhomes that blend natural materials and earth tones with open floor plans designed to invite the waterfront into each level. Residences feature elevated ceilings, Wolf appliances, custom wood cabinetry and smart home technology. Private rooftop terraces combine both enclosed air-conditioned space with open area and are equipped with a jacuzzi and summer kitchen.

The affluent and family-friendly Eastern Shores neighborhood is a guard-gated community with 24/7 police-manned security, its own park and playground. Residents will enjoy an abundance of conveniences and amenities, including being steps from the pristine Sunny Isles Beach and having the beautiful Oleta River State Park, a 1,043-acre Florida State Park on Biscayne Bay just across the street, with mountain bike trails, running paths, kayaking and fishing. Eastern Shores is accessed via the 163rd Street Causeway, which connects to US-1 and A1A.

The City of North Miami Beach is centrally located 12 miles north of Miami and less than 20 miles south of Fort Lauderdale. Koya Bay is just minutes away by car or boat from the beach, Haulover Marina which provides ocean access, and two of Florida’s premier shopping destinations, the Aventura Mall and legendary Bal Harbour Shops.

Michelin-Starred Chef Shaun Hergatt To Open Private Oceanfront Restaurant And Speakeasy At The Perigon

The Perigon, an ultra-luxury oceanfront condo building being developed by Camilo Miguel Jr.’s Mast Capital and Barry Sternlicht’s Starwood Capital Group in Miami Beach, has partnered with celebrated Michelin-starred chef Shaun Hergatt to open Miami Beach’s first ever resident only concept by a Michelin-starred chef as an exclusive amenity to the property. Shaun Hergatt will curate the food and beverage concept at The Perigon including a private resident-only restaurant and speakeasy. Chef Shaun Hergatt, the executive chef and owner behind some of New York’s most famed Michelin-starred restaurants both public and private, including Vestry in Soho and 432 Park Avenue respectively, is renowned for his technically precise cooking and painterly presentations. Nota at The Perigon will be Hergatt’s first-ever Mediterranean concept, while FiftyThree, a speakeasy cocktail lounge, will have a bold, playful style.

“We are designing more than a condominium at The Perigon, it is a private, highly serviced five star resort exclusively for the owners,” said Camilo Miguel, Jr., CEO of Mast Capital. “The Perigon is offering Miami Beach’s first-ever resident-only Michelin-starred chef dining concept, where residents can enjoy their privacy or mix and mingle with their neighbors. Additionally, our partnership with such a notable chef as Shaun Hergatt further solidifies the commitment to the quality of luxury, The Perigon will offer to its residents.”

Taking advantage of the oceanfront location and abundance of rich, local ingredients, Nota at The Perigon is centered around a clean, crisp palate. With seafood anchoring the Mediterranean inspired menu, Chef Hergatt plans to use woodfire grilling techniques to create dishes that are elevated yet approachable, with health and wellness at the forefront.

“Food brings people together and through this partnership with Mast Capital, I’m thrilled and honored to further elevate the experience for the residents at The Perigon,” said Chef Shaun Hergatt. “Paying homage to the regional flavors and ingredients, our rotating seasonal menus will offer an elevated yet approachable cuisine, exclusive to residents and their guests.”

The interiors of Nota were designed by Tara Bernerd to blend into the larger residential concept at The Perigon. The design will incorporate rich materials from intricate stones to linens. The furniture will integrate a unique combination of organic materials with subtle hues that cohesively blend to the environment of coastal living on the sands of Miami Beach. The oceanfront restaurant will accommodate up to 70 guests, with service extending to the pool deck.

The speakeasy, FiftyThree, will experiment with bold colors and patterns, embracing a whiskey themed palate. Darker browns and greens will set a more intimate mood, featuring bronze fixtures and accents creating the perfect nighttime setting. The cocktails will also embody the more playful aesthetic, while focusing on fresh ingredients and creative curations.

The Perigon’s food and beverage concept represents Chef Hergatt’s triumphant return to South Florida. Chef Hergatt first debuted in Miami in 2005 when he was the executive chef at The Setai Miami Beach. Hailing from Australia but having worked at restaurants around the world garnering international accolades for culinary craftsmanship, Chef Hergatt is known for two of his Michelin star restaurants, Juni and Vestry, and previously SHO Shaun Hergatt, which garnered acclaim for its geographically inspired dishes. Today, one of Chef Hergatt’s many restaurants is the Caviar Bar in Las Vegas. Many of his most famed dishes are inspired by his travels and surroundings, an approach he will bring to The Perigon.

Completing the culinary experience at The Perigon will be several additional private amenity spaces for dining and lounging. An indoor-outdoor conservatory doubling as a breakfast lounge and terrace will host residents for their early morning coffee. Here, a barista will be available upon request to serve hot or iced coffee to a resident’s liking. Residents can also request meals be delivered directly to their private residence or to their poolside cabana.

Further elevating the experience at The Perigon is a new private concierge partnership with BHB Private Concierge, a premium provider servicing private properties and clients. In addition to offering residents seamless experiences tailored to their individual wants and needs, the concierge at The Perigon will further enhance the programming throughout the amenity suites. To begin living The Perigon lifestyle before stepping foot inside, residents will have access to select services provided by BHB Private Concierge shortly after contract signing.

Located at 5333 Collins Avenue along the tranquil 200-foot stretch of sand between Indian Creek and the Atlantic Ocean, The Perigon comprises 73 two- to four-bedroom condominiums ranging from 2,100 to 6,700 square feet, with eight private guest suites offered to residents only. With an overall 20,000 square feet of amenities that provide both exclusivity and an idyllic setting for connection and socializing, the building is elevating a palatial lifestyle evocative of a five-star hotel. Pricing starts at $4.15 million with completion slated for 2025.

Sales and marketing are exclusively overseen by Douglas Elliman Development Marketing.

Renderings via The Boundary

Tal Aventura Reveals Interior And Amenity Renderings Imagined By IDEA Architects and IDDI

TAL Aventura, a boutique residential building redefining luxury living in Aventura, has revealed a first look at the interiors and amenities spaces imagined by IDEA Architects and IDDI. Located waterside in the heart of the city, Tal Aventura will deliver an exquisite collection of 86 residences ranging from two to five bedrooms, plus a selection of customizable lanai and penthouse residences, with unobstructed views of Maule Lake. Tal Aventura is set to break ground in Q4 2023 with completion expected in 2025. Residences are priced ranging from $1.4 million to $9.9 million.

Featuring architecture and interiors imagined by internationally acclaimed IDEA Architects and IDDI, the 26-story building will reflect timeless elegance with elevated, functional design. Residences spanning from 1,245 square feet to 6,200 square feet showcase outdoor living spaces and private elevator entry, with the majority featuring 4+ bedrooms, emulating a home in the sky.

Residents will enjoy an enviable host of luxury, family-focused amenities and green spaces spanning across 50,000+ square feet. Thoughtfully curated spaces include a resort-style pool with cabanas, children’s splash pad, playground, outdoor theater, lounge, BBQ area, miniature golf, basketball and pickleball court, all surrounded by lush tropical landscaping and gardens.

Wellness offerings include a spa, sauna, treatment rooms, and state-of-the-art fitness center, while social areas include a private dining room with a terrace and custom wine wall, coworking lounge and conference room, a children’s playroom, entertainment lounge, yoga studio, golf simulator and pet spa. Dedicated staff including concierge, doorman and valet is available around the clock to assist residents.

David Development Reveals Calil Architects-Designed Tropical Modern Waterfront Spec Home In Sunny Isles Beach

David Development, led by Brett and Brooke David, have revealed 311 Atlantic Isle, a tropical modern waterfront spec home on the exclusive Atlantic Isle in Sunny Isles Beach. The contemporary waterfront oasis, which is being developed in partnership with Forse Holdings, was designed by Calil Architects and will span 5,770 SF on a 9,254 SF lot with 64’ on the water. The home is currently under construction with an expected completion in late 2023.

311 Atlantic Isle features an incredibly spacious floor plan, featuring 23’ ceilings in the living area and foyer. The home was designed with the intention of functional space, featuring 7 bedrooms + staff quarters and 9.5 bathrooms. The residence offers a state-of-the art 3 story glass elevator, a custom glass wine cellar, Italian chef’s kitchen designed by Mia Cucina and over 2,000 SF of rooftop terrace that includes a jacuzzi, summer kitchen, full bathroom and grass yoga area, perfect for entertaining and watching the sunrise or sunset.

311 Atlantic Isle is also a boaters paradise with over 64’ of waterfront complete with a dock and lift. The property features incredible views of the intracoastal and no fixed bridges to the Haulover Inlet offering direct access to the Atlantic Ocean in just 5 minutes. Other luxuries include private beach club access across A1A with beach storage which is an exclusive amenity of Atlantic Isle.

Atlantic Isle is an exclusive private Island with 59 waterfront homes placed in one Miami’s most elite neighborhoods of Sunny Isles Beach. Sunny Isles Beach is called South Florida’s Riviera, due to its beautiful white sand beaches and world class condo developments and hotels, along with fine dinning and recreation. Ideally located between the two most luxurious shopping destinations in Miami, just three miles north of the Bal Harbor Shops and four miles south of the Aventura Mall.

David Development is led by brother-sister team Brett and Brooke David, who also own Prestige Imports in North Miami Beach which was founded by their father Irv in 1977. Prestige Imports is one of North America’s leading factory authorized Lamborghini dealerships as well as an internationally-renowned dealership for luxury, exotic, and supercars, including Aston Martin, Bentley, Bugatti, BMW, Ferrari, Jaguar, Karma, Koenigsegg, Lamborghini, Lotus, Maserati, McLaren, Mercedes-Benz, Pagani, Porsche, Range Rover, and Rolls-Royce.

EDITION Residences Fort Lauderdale Reveals First Look At Interiors Designed By Clodagh

Location Ventures has revealed a first look at the interiors for EDITION Residences Fort Lauderdale, designed by internationally recognized designer Clodagh. Inspired by its serene waterfront setting, the 11-story, two-tower marvel presents airy, refined residences that unite modern sophistication with understated elegance to deliver a new kind of highly intuitive luxury. Located along Fort Lauderdale Beach’s Intracoastal Waterway at 551 Bayshore Drive, the project broke ground last month and has begun converting reservations to contracts.

Cultivated interiors cast in a neutral palette and varied textures exude warmth and comfort. Featuring 65 spacious residences, floor plans offer two, three and four bedrooms and range in size from 1,710 to 4,660 square feet. There is also a limited collection of nine villas and four penthouses.

As each EDITION property is designed with its locale in mind, Fort Lauderdale Beach’s natural scenery and tranquil way of life inspired Clodagh’s designs for the interiors, which celebrate water and the changing sky. Incorporating elements of nature, custom wood millwork brings warmth and luxurious livability.

Gourmet kitchens designed by ITALKRAFT will blend quality Italian craftsmanship with functionality, offering quartz countertops, custom built-ins, vertical pantries and ample storage. Fluted oak wood at the base of the kitchen island adds visual intrigue and effortless style. Premium Sub-Zero and Wolf appliances, such as induction cooktops, steam ovens and wine coolers, will pepper the space, while outdoor entertaining is made easy with a summer kitchen equipped with an electric grill and beverage center. The master bathroom will be a personal oasis with luxurious fixtures and a modern freestanding tub. Upgrade options include access to a private enclosed two-car garage, private cabanas and more storage.

“There is overwhelming demand for hotel-branded residences because of the world class service and unrivaled lifestyle they provide, and EDITION embodies that,” said Rishi Kapoor, CEO of Location Ventures. “EDITION Residences Fort Lauderdale will exceed discerning buyers’ expectations and bring a level of design that will have a lasting impact on the city for years to come.”

Residences will feature floor-to-ceiling windows and sliding doors that open to expansive private terraces. Glass railings will provide unobstructed views of the Atlantic Ocean, Intracoastal Waterway or the vibrant Fort Lauderdale skyline. Exquisite interior finishes will shine light upon the finest materials imported from Europe, including solid wood doors, large format limestone flooring and custom cabinetry.

Equally distinguished is the property’s architecture, designed by renowned firm garciastromberg to emulate the rhythm of the city and the Intracoastal Waterway with dynamic glass facades.

EDITION Residences Fort Lauderdale will present an upscale, yet laid-back ambience through all facets. As part of the privilege of ownership, owners have access to EDITION's global locations as well as preferred perks in Marriott's luxury portfolio, which includes other flagships such as the Ritz Carlton, W Hotels and St. Regis.

With exclusive representation by Douglas Elliman Development Marketing, pricing for EDITION Residences Fort Lauderdale begins at $3 million.

For more information about EDITION Residences Fort Lauderdale, private showings or purchasing/ leasing information please fill out the form below:

ALINA Residences Tops Off Phase Two Building ALINA 210 In Boca Raton

Only one year after its groundbreaking, El-Ad National Properties, an Elad Group company, have topped off ALINA 210 at ALINA Residences Boca Raton, an award-winning, world-class residential destination in the heart of downtown Boca Raton.

ALINA Residences broke ground on its phase two development in March 2022, which includes two buildings: ALINA 210 and ALINA 220. Once phase two is complete in late 2024, ALINA Residences will be complete, comprising of three total buildings: ALINA 200, ALINA 210 and ALINA 220, which will offer 303 total residences. ALINA 200 is sold out and occupied.

ALINA 210, the intimate centerpiece of ALINA Residences, features nine stories and 30 exquisite corner residences. With a maximum of four residences per floor, ALINA 210 features homes with three and four bedrooms with den floor plans, ranging in sizes from about 3,300–5,400 square feet with pricing starting at approximately $4 million.

In addition to enjoying access to exceptional amenities at ALINA 200 and ALINA 220, the 30 residences at ALINA 210 will have an exclusive suite of thoughtfully curated amenities, including a private spa with dry sauna, aroma steam rooms, salon/treatment area, private locker rooms, state-of-the-art fitness facility and a bungalow style pool with poolside cabanas.

“Following the success of ALINA Residences’ sold-out phase one, it is extremely exciting to be topping off of the boutique ALINA 210 building one year after groundbreaking,” said Ziv. “Phase two is already over 50% sold, with many purchasers referred by existing ALINA residents. We believe this ongoing sales activity is a reflection of buyers recognizing that ALINA is a truly unique residential destination, which offers designer-inspired residences, resort-style amenities, and a sense of community with well-staffed services. Boca Raton’s downtown scene is continuing to emerge, and we are proud to be a part of it.”

Phase two will add an extra two acres of private outdoor amenity space to ALINA. All ALINA residents will enjoy spectacular amenities such as his and hers spa facilities with dry saunas, steam rooms, treatment rooms and relaxation rooms; state-of-the-art fitness centers, multiple rooftop swimming pools with private cabanas, fire pits, dedicated yoga areas, highly appointed club rooms, two dog parks and more.

Designed by architect Peter Stromberg of Garcia Stromberg and brought to life by Moss Construction, ALINA Residences Boca Raton is a beacon of modern living in Boca Raton. Douglas Elliman Development Marketing is the exclusive sales team for ALINA Residences.

“We are excited to experience the huge demand for phase two of ALINA Residences,” said Jay Phillip Parker, CEO of Douglas Elliman Florida and President of Douglas Elliman Development Marketing, Florida. “There is no doubt that downtown Boca Raton has transformed as the developers of ALINA envisioned, making it the perfect time to become a part of the extraordinary lifestyle that ALINA residents are enjoying. We expect continued interest and excitement now that ALINA 210 has topped off.”

ALINA Residences is tucked between the manicured green fairways of The Boca Raton and Southeast Mizner Boulevard, offering premier access to nearby shopping, dining, and cultural destinations.

With more than three decades of high-end development experience in New York City, Los Angeles and Toronto, Elad Group entered the South Florida market a few years ago through El-Ad National Properties. By expeditiously seizing opportunities, El-Ad National Properties has earned a sterling reputation as an agile, entrepreneurial company with high expectations and solid values, a philosophy shared by all employees. El-Ad National Properties is leaving its footprint on South Florida with ALINA Residences Boca Raton as its first new development from the ground up project.

Mast Capital Breaks Ground on Arquitectonica-Designed Luxury Multifamily Development At Entry To Miami Beach

As demand for apartment living in Miami Beach continues to reach record levels, Mast Capital, led by Camilo Miguel Jr., in partnership with Rockpoint, have launched its latest multifamily community set to transform the entry to Miami Beach at the intersection of the Julia Tuttle Causeway and Alton Road. Mast Capital and Rockpoint plan to develop a nine-story multifamily development with 178 units, located just off the Julia Tuttle Causeway at 3900 Alton Road where an aging apartment building has stood. The partnership secured a $64 million construction loan from PNC Bank in November 2022. The project broke ground last month and is estimated to open for Fall 2024.

Designed by Arquitectonica, the upscale apartment community will consist of 178 units, ranging from studios to three-bedroom units. The residences will range in size from 560 square feet to 1,410 square feet and will feature luxury design elements including Italian cabinetry, porcelain flooring throughout, floor-to-ceiling glazing, and wrap-around balconies with glass railings. The development will also incorporate high-end, lifestyle-driven amenities for residents, including an elevated pool deck, BBQ area, outdoor gaming area, fitness and yoga studio, resident lounge, co-working spaces, and pet washing station.

“Miami Beach rental housing is experiencing strong demand on the back of more individuals and companies relocating to the region, drawn to the state’s business-friendly environment and desirable lifestyle,” said Camilo Miguel, Jr., Founder and CEO of Mast Capital. “This project will have unique positioning as one of the few luxury for-rent projects in the Miami Beach market, one of South Florida’s hottest residential markets.”

Mast Capital has emerged as one of South Florida’s most active real estate development and investment firms today, with acquisitions since December 2020 representing over $3.5 billion in total project capitalization. These investments include new-build development of 2,300 residential units, ranging from suburban and urban apartment communities to ultra-luxury condominiums, in Miami’s Brickell Financial District, Miami Beach, Palm Beach County, Fort Myers, and the Tampa metro area.

Rockpoint, headquartered in Boston, employs a fundamental value approach to investing and targets select product types located in markets in the United States. Over its 28-year history, the firm’s co-founders with others have raised approximately $29 billion in capital commitments through Rockpoint and a predecessor firm. As of September 30, 2022, Rockpoint’s investment team with others has invested or committed to invest in 498 transactions with a total peak capitalization of approximately $80 billion.