Miami has seen another significant real estate transaction as Mast Capital and AEW Capital Management announced the successful sale of Remi on the River, a premium 342-unit apartment community located on the Miami River, to Valeris Capital. This deal underscores the increasing investor interest and the appeal of waterfront residences in one of Miami’s fastest-growing neighborhoods.
Key Takeaways
- Remi on the River, a 342-unit luxury apartment complex, has been sold to Valeris Capital.
- The property offers studios to three-bedroom units with upscale amenities.
- Located minutes from Brickell and Downtown Miami, it boasts over 400 feet of river frontage.
- The sale reflects strong demand for multifamily assets and growing appeal of the Miami River District.
A Showcase of Luxury and Location
Delivered in 2024 and designed by Corwil Architects, Remi on the River sits at 999 NW 7th Street, offering residents easy access to Brickell, Downtown Miami, and the Miami Health District. The property’s units range from 465 to 1,334 square feet. Premium finishes such as European-style kitchens, stainless-steel appliances, and, in select models, built-in wine refrigerators, create a high-end living experience. Residents also enjoy panoramic views of both the river and the city skyline.
Premier Amenities Elevate Resident Experience
Among the extensive amenities, Remi on the River features a resort-style pool, an aqua lounge, a state-of-the-art fitness center, a coworking lounge, a clubroom, and secure, access-controlled parking. These features cater to both the lifestyle and professional needs of modern renters seeking comfort and convenience in the heart of Miami.
Miami River District: A Hotspot for Urban Growth
Stretching 5.5 miles through the city, the Miami River has transformed into a dynamic corridor that mixes residential, commercial, and lifestyle developments. The river district is now a prime target for investors and developers aiming to leverage its unique blend of waterfront appeal and urban connectivity. The wave of new developments highlights the district’s rising status as a vibrant and sought-after area for both living and investment.
Strategic Importance for Investors
The sale, brokered by CBRE’s expert team, marks not only a successful transaction for the involved parties but also showcases the broader trend of robust investor demand for well-located multifamily assets in urban Miami. The transaction is aligned with Mast Capital’s ongoing strategy to focus on transformative projects that enhance and revitalize Miami’s most promising neighborhoods.
Accessibility to Culture and Lifestyle
Remi on the River’s central location allows its residents to quickly access Miami’s key cultural institutions, such as the History Miami Museum, Miami Children’s Museum, and the Museum of Graffiti. Additionally, the property is close to top retail and dining hubs in Brickell, Wynwood, Midtown, and Miami Beach, making it an attractive option for those seeking both luxury and convenience.
Looking Ahead
As the Miami River District continues to evolve, the sale of Remi on the River sets a benchmark for future high-profile real estate deals in the area. It highlights the region’s momentum and the confidence investors have in its ongoing transformation.