Cipriani Residences Miami Brings Chic Elegance To Brickell’s Financial District

 
Ending a legal battle that seemed like forever, Mast Capital has unveiled their plans for the newly-acquired development site at 1420 South Miami Avenue, in the heart of Miami’s Brickell Financial District. They have teamed up with Cipriani to bring the first ever ground-up residential tower for the luxury brand, in my opinion an amazing choice for this massive site!

Cipriani does have residential towers in other markets, albeit those are remodels and repurposed properties. Miami’s tower will be the first ever brand new location, paying homage to our obsession with all things glittery, chic and new. The tower will span 80 stories and offer 397 residences comprised by 1-bedroom up to 4-bedroom floor plans. Residents will enjoy sweeping views of the Biscayne Bay, the glittering skyline and Simpson Park, which is a nature preserve that is nearly 8 acres right in the middle of the city.

Rendering of Cipriani Residences Miami Brickell Views

Known as the “Wall Street of the South,” Brickell is the second most dense neighborhood in the country (behind Manhattan, of course). Brickell is also home to more international banks in one neighborhood than any other neighborhood in the country, and with Miami’s weather, Brickell is also one of the most walkable neighborhoods in the country. Cipriani has over 30 locations worldwide, including a residential tower at 55 Wall Street in New York, making the site an obvious choice for the brand.

“We are lucky enough to have been successful in the Brickell area for many years now with our Cipriani restaurant and Socialista lounge, and it seemed natural to extend our service oriented philosophy to people’s everyday life and homes,” Cipriani CEO, Giuseppe Cipriani, tells Forbes in a rare, exclusive interview. “Miami has evolved tremendously attracting culture, business and entertainment and guarantees an enviable quality of life. It is becoming a first or second residence for an increasing number of demanding and traveled individuals and families.”

Some original Brickell residents will know this site as what was “the big hole in South Brickell.” I can’t think of a new resident or client that I have not had to explain the story behind the site. Originally slated to be a different super luxury project called Capital at Brickell, construction began and did not complete, leaving a large escavated hole in the city. CCCC Construction ultimately purchased the site, but constant internal discourse prevented them from doing anything with it aside from filling it in (after YEARS). And here we are today, with Mast Capital and Cipriani Residences to the rescue.

We are very eager to provide additional details on the project as they become available. If you drive by the site, you will see that preliminary environmental work is being performed and the city seems to be as excited about the new addition to the neighborhood as we are.

If you are interested in a presentation and specific pricing, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.