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Mast Capital moves forward on Miami Beach condo

Mast Capital is getting one step closer to its building a new Miami Beach condo project.

The real estate investment and development company known for projects such as Alton Bay in Miami Beach and Conrad Brickell is seeking approval of a condo project near the Julia Tuttle Causeway at 4000 Alton Road. It got one step closer earlier this month when the Miami Beach City Commission approved on the proposal, reports the Real Deal.

Mast’s Camilo Miguel Jr. initially had the project at 290 feet with 160 units. Though he originally sought a height, due to community backlash, Miguel has adjusted the height to 85 feet and 216 units.

Miguel originally sought a height increase for the project but is now asking for setback requirements so the project will be closer to the street and allow for neighboring Talmudic University to have more space. The university sold its 1.9-acre parking lot and basketball court to Miguel for $17.1 million in October 2014.

In addition, Mast is asking that a neighboring 17,680 square foot plot be rezoned for residential multifamily use as Miguel is contracted to buy it from the Florida Department of Transportation.

Though there are still questions about the project and some community pushback, for now, the project is going forward in the approval process. The next step is approval from the city planning board and a second vote from the commission.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.