Transactions - JANUARY 20, 2022

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Mast Capital, AEW break ground on second phase of Waterline Miami River Multifamily Project

by Andrea Zander

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 more than 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.

The second phase will comprised studio, one-, two- and three-bedroom units spanning approximately 280,000 rentable square feet and masterfully crafted community amenities. 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 b

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