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Mast Capital
Office In The Grove
On September 5th, Miami's Historic Preservation Board denied to make the Office In The Grove a historic landmark in a 7-2 vote.
Built in 1972 and designed by Kenneth Treister, the Office In The Grove was less than 50 years old and not of exceptional significance to be considered.
The building will most likely be demolished in the near future for a new tower.
Conrad Hotel Brickell in the Brickell Arch
The Conrad Hotel in the building Brickell Arch has sold for $72 million, according to The Miami Herald and was purchased by Mast Capital.
The Conrad Hotel with 203 guest rooms, is located at 1395 Brickell Avenue and is within the building Brickell Arch, which sold for $142 million in September 2015 to Dallas based Gaedeke Group. The hotel has been listed for sale since July 2015 and was expected to sell for over $100 million at the time.
Originally called Banco Espiritu Santo, the 36 story building was completed in 2004 and designed by Kohn Peterson Fox Associates. The building is known for its 30 story arch on the front façade of the glass.
Mast Capital is planning on renovating the lobby, pool, restaurant and guest rooms.
Located in the South of Fifth district in Miami Beach, the four story Louver House has topped off.
Developed by Mast Capital, Louver House ground breaking began a year ago in December 2015. With only 12 residences, prices start at $2.5 million to $3.9 million, ranging from 2,088 to 2,432 square feet. Amenities include a rooftop deck with infinity pool, outdoor yoga studio and a sunken lobby area with custom tables and benches by famed artist Michele Oka Doner.
Louver House was designed by architect Rene Gonzalez who also designed Glass.
Construction is expected to be completed in 2017.
Office in the Grove Building
A demolition permit has been filed for an office building located at 2699 S. Bayshore Dr. in Coconut Grove, according to The Coconut Grove Grapevine.
The nine story building was built in 1972 and was designed by architect Kenneth Treister. The building is on a lot size of 50,606 square feet and was purchased by Mast Capital in April 2014 for $29.5 million.
There has been recent growth in Coconut Grove with the completion of Grove at Grand Bay and the current construction of Park Grove across the street.
