The Real Deal Miami

South of Fifth’s Louver House condos launch sales

Prices range from $1.9M to $3.6M

January 15, 2015 12:00PM
By Katherine Kallergis

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Louver House, a planned 12-unit building in the South of Fifth neighborhood on Miami Beach, launched sales Wednesday.

Mast Capital, the real estate investment firm developing the project, hired architect Rene Gonzalez to design the project. Louver House is located in an area known for its art deco and mid-century architecture.

Camilo Miguel of Mast Capital

Camilo Miguel of Mast Capital

“I wanted to develop a luxury residential building that is elegant, warm, and forward thinking,” Camilo Miguel Jr., CEO of Mast Capital, said in a statement. “Louver House presents a design without compromise that reflects the vibrancy and charm of Miami’s exclusive South of Fifth neighborhood.”

Units will range from 2,088 square feet to 2,432 square feet with prices ranging from $1.9 million to $3.6 million. One Sotheby’s is marketing and selling the boutique condos.

In October, Mast Capital bought nearly two acres at 4000 Alton Road, the current site of Talmudic University. The company also purchased a Coconut Grove office building for $29.5 million in April and a Key West multi-family community for $39.5 million in June.

Other developments South of Fifith include Aria Development Group’s 321 Ocean, Terra Group’s Glass at One Ocean Drive, and the Continuum Miami Beach, where units on the market range from nearly $28 million to just under $1 million.

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