MIAMI, FL - 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. Situated at 999 NW 7th St., the luxury apartment community offers 342 rental units with a variety of floorplans and amenities, centrally located minutes away from Miami’s Brickell Financial District, the Miami Health District, and Downtown Miami, as well as pristine beaches, cultural attractions, and a lively nightlife.
“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.
About Mast Capital: Established in 2006, Mast Capital is a value-oriented real estate investment company with integrated development and asset management teams. Mast Capital has made successful acquisitions in the residential, hospitality, office, retail and land sectors, and targets opportunistic and value-add investments in existing property, ground-up development, distressed real estate, and note purchases. The firm employs a sophisticated approach to structuring its acquisitions, maximizing value to its investors while providing creativity and flexibility to sellers and other third parties to execute highly complex transactions. Mast Capital is led by a senior management team with over 75 years of combined real estate experience and transactions totaling more than $3.5 billion. For more information on Mast Capital’s portfolio, visit www.MastCapital.com
About AEW: For over 40 years, AEW Capital Management, L.P. (AEW) has provided real estate investment management services to investors worldwide. As one of the world’s largest real estate investment advisors, AEW and its affiliates manage $85.1 billion in private real estate equity, debt and listed securities across North America, Europe and Asia (as of March 31, 2024). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, Denver, London, Paris, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in eight European cities. For more information, please visit www.aew.com