Mast Capital, one of Florida’s most active real estate development and investment firms, in partnership with AEW, a global real estate investment firm, has completed Remi on the River, a new multifamily development in the bustling Miami River District.
“The Miami River District has seen a resurgence in the past years as a dining and entertainment destination with an influx of new residents fueling demand for luxury rentals and waterfront living,” said Camilo Miguel Jr., CEO and Founder of Mast Capital. “At Mast Capital, we have continued to invest in the Miami River District with the successful lease-up of the phase one multifamily development. With the completion of the second phase, Remi on the River, we are delivering on our mission to invest in the revitalization of this dynamic neighborhood.”
“After the successful development and leasing efforts of our first venture with MAST on Waterline Miami, we were thrilled to continue our partnership with Remi on the River, our phase II multi-family development. The development and leasing efforts have really benefitted from the same drivers that attracted us to the Miami river in the first place, namely strong micro-location popularity with a burgeoning renter population of transient residents. Miami in general has growing demographics, migration, job growth, and rental demand which has cemented the city as a prime destination for our investment capital,” said Tony Crooks, AEW Portfolio Manager.
Spanning over 400 feet of unobstructed water frontage along the Miami River,Remi on the River offers a variety of spacious floorplans ranging from studios, one-, two-, and three-bedroom apartments spanning from 465 to 1,334 square feet in size. The thoughtfully designed living spaces feature modern European designed kitchens with stainless-steel and built-in wine refrigeration along with front control ranges available in select apartments. Units boast views of the Miami River and Miami skyline.
Designed by Corwil Architects, the multifamily development offers a robust amenity package that includes a resort-style swimming pool, an aqua lounge, state-of-the-art fitness center, and a resident lounge with coworking spaces. Residents will also enjoy a clubroom and private access-controlled parking.
Remi on the River is surrounded by Miami’s best dining and chef-driven restaurants, designer shopping, and the city’s premier entertainment options. The residential community sits near numerous arts and cultural institutions including the History Miami Museum, the Miami Children’s Museum, and the Museum of Graffiti. The property is also conveniently close to other sought-after neighborhoods such as Downtown Miami, Brickell, Wynwood, Midtown Miami and Miami Beach. The 5.5-mile Miami River runs through the City of Miami, including the downtown area, and is an active route for commercial cargo activity, leisure boating and water sports.
Mast Capital has emerged as one of Florida’s most active real estate development and investment firms today, with a diverse portfolio of residential, hospitality, and commercial properties throughout the State. The firm continues to expand its portfolio, with acquisitions representing over $3.5 billion in total project capitalization. These investments include new ground up development of over 4,000 residential units in South Florida, as well as the Fort Myers and Tampa metro areas.
