Nearly a year after launching sales, Mast Capital has broken ground on Louver House, a 12-unit boutique condo development in the South of Fifth neighborhood in Miami Beach.

Architect Rene Gonzalez designed the property, which will include a health club with outdoor yoga area, pool deck, landscaped lounge area, rooftop terrace, sunken lobby gardens and electric car charging stations.

The three-story condo has more than half of the 12 units under contract, according to a press release.

Units will range from 2,088 square feet to 2,432 square feet with prices that initially started at $1.9 million, and now start at $2.5 million, and go up to $3.9 million. ONE Sotheby’s International Realty is marketing and selling the boutique condos, at 311 Meridian Avenue.

Mast Capital is also developing a luxury condo project at 4000 Alton Road, for which the developer acquired the land in October 2014. There, Mast Capital, led by Camilo Miguel, plans to build an 88-foot tall, 162,395-square-foot transparent condominium designed by Ricardo Bofill Talier de Arquitectura, a Barcelona-based architecture firm. – Katherine Kallergis and Sean Stewart-Muniz