This Week in Miami Real Estate: The Miami River Walk, helipads and more

by Lauren Clohessy

Miami is getting yet another mode of transportation, but it won’t be open to the general public. Curbed reported The One Thousand Museum is set to debut the East Coast’s only private helipad. The Miami tower will allow residents to reserve the helipad and take flights to and from various destinations, including the Miami International Airport and nearby islands.

In other Miami real estate news:

  • Rob Arnott, investment guru and founder of Research Affiliates, just closed the most expensive Miami Beach purchase since 2015. According to The Real Deal, Arnott paid $32 million for the seven bedroom home at Gorce Circle. Arnott’s new 11,000 square foot estate offers a cabana, pool, home theatre, motor court, staff quarters and meditation garden. Arnott is estimated to have paid $2,900 per square foot. The deal closed last week.
  • A new project will bring four new buildings along Miami River. Mast Capital purchased 6.3 acres for $26 million to create the Miami River Walk project. Multi Housing News reported the deal was facilitated by Executive Vice Presidents Gerard Yetming and Mika Mattingly from Colliers International South Florida. “The Miami River District has always been a bustling working waterway, but the recent activity signals that the market is recognizing the potential of the Miami River and the East Little Havana neighborhood for new residential development,” said Yetming.
  • A 28-story mixed-unit building by Stantec and and Kast Construction is set to top off Midtown 8 by May 2019, according to Multi Housing News. The building will include 387 units, 30,000 square feet in retail space and ten-story parking tower. The community amenities include: a yoga studio, hammock garden, co-working space and rocking chair lounge. The building will be located four miles outside of downtown Miami near interstates 95 and 195.  
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