MIAMI BEACH — Mast Capital and Rockpoint have opened AVARA, a 178-unit community at 3900 Alton Road in Miami Beach. Monthly asking rents at the eight-story development begin at $3,200 for a junior one-bedroom unit. Floor plans also are offered as two- and three-bedroom configurations as well as penthouses. Arquitectonica was the architect, interior design was provided by CID Design Group, and Within Hults + Partners was the landscape architect.
Amenities include a second-floor pool deck overlooking Biscayne Bay that also features an outdoor kitchen with grilling stations. Inside, residents have access to a 1,500-square-foot fitness center, a clubroom and game lounge, coworking spaces with conference rooms and private offices, bike storage, a dog park and pet spa and a full-time concierge available to coordinate resident services. Coconut Grove, Florida-based Mast Capital specializes in commercial real estate investment and development, and Boston-based Rockpoint is a private equity firm.