“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.
March 17, 2023 at 04:34 PM
2 minute read
Florida Bureau Chief
Demand for luxury apartment living in Miami Beach continues as relocations to South Florida for business don’t show signs of slowing down.
A partnership between Mast Capital, a real estate development and investment firm, and Boston-based real estate equity firm Rockpoint will help ease some of that demand in the next few years. Last November, the partnership secured a $64 million construction loan from PNC Bank to build a luxury multifamily development on Alton Road in Miami Beach.
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