688 Apartments About To Begin Construction, Along With Extension To River Walk

The Miami River Walk is about to get an extension, after a 688-unit apartment project obtained a construction loan.

Mast Capital, in a joint venture with AEW Capital Management, obtained a $59.7 million construction loan from PNC Bank, the developers announced yesterday.

As part of the project, 1,100 feet of riverfront improvements will be made at the 6.8-acre site, including an extension to the riverwalk and public pathways to the riverfront from the on-road greenway on the west and east side yards.

The first phase of the project will break ground in early 2019 and include 346 residential units.

Eventually, a second phase will bring the total unit count to 688 residential units.

Residents will have access to over an acre of green space, shared office space, and a free water shuttle service.

“The Miami Health District is the second largest medical district in the country and has been underserved with quality, well amenities housing,” said Camilo Miguel Jr., CEO of Mast Capital. “The Miami River Walk will present a convenient live, work, play choice for the thousands of local health professionals working in the area.”

Corwil is the architect.

 

 

 

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Anonymous

Perfect scale and density this is exactly the kind development needed here very exciting time for the Miami river going forward!!

Anonymous

Agreed, looks similar to the apartments across from the Winn-Dixie which looks nice.

Anonymous

Exactly. The perfect scale for river frontage in this area.

William

71K/unit financing means they are doing all the sea wall work and infrastructure now. This is great for the area and appropriate. Go Miami.

Anonymous

Check your math…financing is much more than 71K/unit

marc

Very nice. There’s a lot of developable land just west of the Civic Center area as well.

Anonymous

That’s technically East Little Havana but I guess they can charge more for units if they call that the “Health District.” File that next to “West Brickell.”

Anonymous

Reinventing the wheel as usual. What was wrong with the old name, Riverside?

Anonymous

NW 11th Ave & NW 7th Stree is EAST Little Havana??
Im sure that SOUTHwest 7th Street is Little Havana, bid have to look it up on a better map. Dont think NW is EAST Little Havana.

Anonymous

Yes look at a map. NW 7th Street is also Marlins Stadium.

Anonymous

Sad that theres no retail or office on the river

Anonymous

Only a matter of time

Anonymous

This will have retail. The river frontage works best as residential and hotel space with retail on ground level along riverwalk.

Anonymous

No retail here

Anonymous

New retail is in River Landing right across the river.

Anonymous

Miami is slacking BIG TIME! with the river walk! This should be connecting to downtown YESTERDAY!! crooked politicians!

Anonymous

It’s great that Miami is starting to create more wellness-lifesyle communities. It would be helpful if possible to mention the general contractors for these projects, its important to some customers to know who built the project, aside from that I appreciate the updates.

Anonymous

The Miami River’s Generic buildings Kendallnalization is about to start.

Anonymous

Totally agree!!!!!!

Anonymous

Right, lot’s of nice rivers in Kendall, that were once lined with decrepit marine uses.

Anonymous

At a glance it looks like a development you’d expect to see on the canal by Dadeland.

Anonymous

Please.. I wish all of Wynnwood looked like this.

Anonymous

I hope we start to see more projects this scale that cover more real estate. Miami has so many empty lots, more projects like this can fill more of those ugly gaps.

Ana Bibas

What is the name of the of this new building.? Miami River Walk?
I am a Real Estate agent living in the area and want to promote it
Thank you

Anonymous

Much better than the crap in Brickell built upon giant parking garages.

Anonymous

Were hired by Shoma Homes Recently?

Anonymous

Sheesshh!.. this is a new year, can we not hear or read another bellyaching comment about buildings built atop parking garages please?

Anonymous

Giant garages here too, they’re just wrapped by the units.

Anonymous

What about a light rail train to connect the area with the other side of the river?

Anonymous

A trolley.
Carlos Gimenez

marc

Yep. Already a trolley there.

Anonymous

?

Anonymous

How about …… fill in the blank space

¯\_(ツ)_/¯

A park/Art gallery/cafe/more parks!!!!

Anonymous

WHAT?

Anonymous

already does – to the medical center

Anonymous

Metrorail? The platforms already exist, unused for thirty-five years at Government Center.