The Perigon Miami Beach Hosts Groundbreaking Celebration At 5333 Collins Avenue Posted on April 3, 2024April 6, 2024 by Sarah Elles Boggs Just five months after the unveiling of their luxurious preview gallery, MAST Capital and Starwood Capital have broken ground on The Perigon Miami Beach, their much-anticipated ultra-luxury beachfront development at 5333 Collins Avenue. The project’s developers gathered on the sand yesterday to toast to their progress and welcome the new elegant development with a handful of elite brokers and clients. “Breaking ground on The Perigon marks a new era for luxury living on Miami Beach – one that is characterized by sophisticated design and highly curated experiences,” said Camilo Miguel, Jr., CEO and Founder of Mast Capital. “We’ve partnered with some of the most brilliant visionaries in the world to create a new marvel located within the most coveted destination in the market. It’s evident by our tremendous sales that the concept is resonating with today’s discerning buyers.” The Perigon Miami Beach Groundbreaking What Makes The Perigon Stand Out The Perigon Miami Beach is the embodiment of quiet luxury or “stealth wealth” that has become so popular over the last year. Offering the pinnacle of privacy, the development offers just 73 residences in 17 floors on the Miami Beach oceanfront. While owners at The Perigon will have fewer neighbors, they will not sacrifice on amenities in the least. The boutique tower offers over 20,000 square feet of exclusive amenity space that includes an oceanfront restaurant helmed by the Michelin Starred Chef Shaun Hergatt, an idyllic waterfront setting with 200 linear feet of private beach and a 25-meter pool with a private club. Inside the glistening tower, guests will find indoor dining and a private speakeasy, also helmed by Chef Hergatt as well as an extensive wellness center. Rendering of The Perigon Miami Beach Oceanfront Pool The residences feature interiors designed by Tara Bernerd & Partners. With a palette of white chocolate minimalism, the understated elegance leads to a peaceful and decadent blissful experience. Rem Koolhaus’s unique design of The Perigon is actually a series buildings that are connected into one. The towers are oriented to maximize the views from each residence, offering a combination of Ocean, Biscayne Bay and Miami skyline views. The bespoke 2- to 4- bedroom layouts range in size from 2,100 to 6,700 square feet and each residence offers a dramatic view. The ceilings are 10-feet throughout with floor-to-ceiling impact glass windows and 10- to 12-foot-deep terraces to offer indoor/outdoor living in the American Riviera. Rendering of The Perigon Miami Beach Oceanfront Living Room Rendering of The Perigon Miami Beach Oceanfront Primary Bath Purchase opportunities at The Perigon Miami Beach start at $4.5 million. Delivery is anticipated in 2026. Douglas Elliman is the exclusive broker for The Perigon Miami Beach. If you are interested in a private presentation of the project, with 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. Images Courtesy of Mast Capital/The Perigon Collaborators of The Perigon Miami Beach Architect: OMA – Office of Metropolitan Architecture, Founded by Rem Koolhaas Developer: Mast Capital & Starwood Capital / 5333 Collins Acquisitions, LP Interiors: Tara Bernerd & Partners Landscaping: Gustafson Porter + Bowman The Perigon Miami Beach Features & Amenities 17-story oceanfront condo designed by highly-acclaimed architecture firm OMA Gold level LEED building certification Comprehensive amenity program for residents offering the best of beachfront living 200 expansive linear feet of beachfront Direct entry to the dedicated beach, equipped with lounge chairs, umbrellas and service Beachside swimming pool with cabanas and sunbeds Outdoor spa Pool and beach food and beverage services Signature oceanfront restaurant by a celebrated chef, exclusive to residents Sprawling conservatory offering daily breakfast bar Chic cocktail lounge and speakeasy Dramatic double-height lobby with lounge area Sunrise lounge with catering kitchen for entertainment and private events Private spa with saunas and treatments rooms High-tech fitness center with high-impact training room overlooking the Atlantic Ocean Bespoke wine room Residents’ salon for personalized beauty services Cinema Kid’s playroom Meditation lounge areas and intimate gardens overlooking the ocean 9 Luxury guest suites for family and friends Bicycle storage Services at The Perigon Miami Beach Residential butler Dedicated lifestyle concierge 24-hour security and valet parking House car On-site general manger In-residence dining and catering from the signature on-site restaurant Pool and beachside food and beverage services Home management services from cleaning and maintenance to floral and grocery stocking The Perigon Miami Beach Condo Features 73 signature OMA-designed residences, including 9 guest suites 2 to 4-bedroom layouts ranging in size from 2,100 to 6,700 square feet Direct, private elevator entrances to each residence 10-foot ceilings with floor-to-ceiling windows Private 10 to 12-foot-deep terraces offering stunning ocean views Open-concept living, dining and entertaining areas perfectly accented with linear cove lighting Italian kitchens custom designed by Tara Bernerd & Partners Kitchens feature honed marble countertops, backsplashes and islands and premium Sub-Zero and Wolf appliances Primary bathrooms boast natural stone flooring and wet walls, custom bathtubs, bespoke mirrors and light fixtures Each bedroom offers walk-in wardrobes Deposit Structure for The Perigon Miami Beach 20% of Purchase Price at Contract 10% of Purchase Price 60-90 days after Contract 10% of Purchase Price at Top Off (Est. Q4 2025) 60% of Purchase Price at Closing (Est. Q4 2026) Downloads for The Perigon Miami Beach The Perigon Miami Beach – Fact Sheet The Perigon Miami Beach – Keyplan (Lobby Level & Resident Amenities) The Perigon Miami Beach – Keyplan (Second Level & Lifestyle-Wellness) The Perigon Miami Beach – Floor Plans (3rd Floor) The Perigon Miami Beach – Floor Plans (4th – 10th Floors) The Perigon Miami Beach – Floor Plans (11th – 15th Floors)
MAST Capital Hosts Groundbreaking And Receives Record-Setting $600M Construction Loan For Cipriani Residences Miami Posted on February 11, 2024February 19, 2024 by Sarah Elles Boggs Just in time for the much anticipated groundbreaking of Cipriani Residences Miami, MAST Capital has received a record-setting $600 Million in construction financing to build the luxury tower. This marks the largest construction loan on record in the Miami area. The Coconut Grove-based developer, MAST Capital, partnered with Italy’s Cipriani family to bring Cipriani Residences into Miami’s Brickell Financial District. Sales of the 80-story ultra-luxury tower launched in 2022 with prices from $1.7 million and penthouses priced starting at $17 million. As of today, over half of the 397 residences have sold. Rendering of Cipriani Residences Miami Lobby The issuance of such a large construction loan is a testament to the strength of the project as construction financing is notoriously difficult to obtain. Banks will consider the portfolio of successful projects by the developer with the specs and plans of the new building and pre-sales history with cash deposits. MAST Capital is no stranger to successful projects in South Florida with a portfolio that includes The Perigon on Miami Beach’s Millionaire’s Row in the works and South of Fifth’s Louver House that opened in 2017. Cipriani is a worldwide brand that represents four generations of the highest quality hospitality with restaurants and lounges as well as hotels and residences. You can find a taste of their impeccable brand standard at the chic Cipriani restaurant in Brickell as well as Mr. C in Coconut Grove. The financing was issued in two loans and includes mezzanine financing. Banco Imbursa from Mexico provided $350 million and China’s Ascendant Capital Partners completed the financing by contributing $250 million. This deal has surpassed the $558 million construction loan that was obtained by Trump Group to build The Estates at Acqualina in Sunny Isles Beach back in 2018. Bank OZK had provided that financing. Cipriani Residences Miami Groundbreaking Cipriani Residences Miami Developers The construction financing came together just in time to be celebrated at the official groundbreaking soiree, which was hosted on February 6 on the build site at 1420 South Miami Avenue. Cipriani Residences Miami is expected to be completed in 2028. 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. Image Credit: MAST Capital / TAMZ
Inside The Perigon Miami Beach’s New Luxurious Sales Gallery Posted on November 3, 2023 by Sarah Elles Boggs Leading up to the commencement of construction, The Perigon Miami Beach on Millionaire’s Row has debuted a new luxurious sales gallery in Miami Beach. The new sales gallery features full-size buildouts of the kitchen and primary bath as well as a sampling of the level of service to be expected in the completed project. “We have seen prodigious interest in The Perigon and expect the momentum to only increase as the sales gallery opens for private appointments., The gallery flawlessly encapsulates the unparalleled sophistication and level of quality, service and design at the property.” said Camilo Miguel, Jr., CEO of Mast Capital. “The tower is the one to watch on Miami Beach; it’s setting a new benchmark for ultra-luxury on the sand.” The lifestyle of the elegant diamond-shaped tower is focused on exclusivity and privacy with only 72 ultra-luxury residences that each have sweeping views of the Atlantic Ocean and enjoy 200 linear feet of private beach space. The residences range in size from two to four bedrooms and 2,100 to 6,700 square feet, excluding penthouses. Every condo will have a private elevator, 10′ to 10’6″ ceilings with floor-to-ceiling impact windows and linear cove accent lighting. In the primary bedrooms, each residence will have at least one walk-in boutique-style dressing room as well as elegantly finished primary bathrooms with bespoke beveled glass, natural stone flooring, counters and wet walls. They are also outfitted with custom mirrors and lighting packages and unique custom fluted soaking tubs. The Perigon Miami Beach Sales Gallery Primary Bath The Perigon Miami Beach Sales Gallery Kitchen Lighting The kitchens (pictured above) will boast honed marble countertops, backsplashes and islands with integrated Sub-Zero and Wolf appliance suites. Services from the building will include grocery stocking, in-residence dining by the Michelin-starred Chef Shaun Hergatt as well as a residential butler. At the sales gallery, guests are treated to a sampling of the elevated lifestyle from the moment you arrive. After leaving your vehicle with the valet, you are offered a refreshing cool towelette, a glass of Krug champagne and a sampling of Chef Hergatt’s signature caviar and teas as you browse the finishes, layouts and design elements from Tara Bernard. The Perigon Miami Beach Sales Gallery Bar The multifaceted design of The Perigon by the famed Rem Koohaas at OMA Architecture emulates a series of diamond shapes that are interconnected in order to offer top level views from each residences. The generous 10-12ft deep terraces offer ample space for entertaining and a seamless indoor/outdoor atmosphere that is so sought after to enjoy the refreshing ocean breeze year round. The lounge of The Perigon Miami Beach’s sales gallery is emulative of the 40,000 square feet of amenity space that the residents will enjoy. When completed, the expanded version will include a breakfast room, private restaurant that includes al fresco poolside dining as well as beach service, a private wine and cocktail bar The Perigon Miami Beach Sales Gallery Scale Model Located near the successful sister building 57 Ocean along Millionaire’s Row, The Perigon Miami Beach is slated to break ground this year at 5333 Collins Avenue. Closings are expected in 2026. The remaining two- to four- bedroom residences range from 2,100 to 6,700 square feet starting at $4.15 million. The dramatic lower penthouses is also available with a private pool for $37 million. For those residents with frequent guests or live-in help, eight private guest suites are offered to residents only. Douglas Elliman is the exclusive broker for The Perigon Miami Beach. If you are interested in a private presentation of the project, with 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. Images Courtesy of Evan Joseph Photography Collaborators of The Perigon Miami Beach Architect: OMA – Office of Metropolitan Architecture, Founded by Rem Koolhaas Developer: Mast Capital & Starwood Capital / 5333 Collins Acquisitions, LP Interiors: Tara Bernerd & Partners Landscaping: Gustafson Porter + Bowman The Perigon Miami Beach Features & Amenities 18-story oceanfront condo designed by highly-acclaimed architecture firm OMA Gold level LEED building certification Comprehensive amenity program for residents offering the best of beachfront living 200 expansive linear feet of beachfront Direct entry to the dedicated beach, equipped with lounge chairs, umbrellas and service Beachside swimming pool with cabanas and sunbeds Outdoor spa Pool and beach food and beverage services Signature oceanfront restaurant by a celebrated chef, exclusive to residents Sprawling conservatory offering daily breakfast bar Chic cocktail lounge and speakeasy Dramatic double-height lobby with lounge area Sunrise lounge with catering kitchen for entertainment and private events Private spa with saunas and treatments rooms High-tech fitness center with high-impact training room overlooking the Atlantic Ocean Bespoke wine room Residents’ salon for personalized beauty services Cinema Kid’s playroom Meditation lounge areas and intimate gardens overlooking the ocean 9 Luxury guest suites for family and friends Bicycle storage Services at The Perigon Miami Beach Residential butler Dedicated lifestyle concierge 24-hour security and valet parking House car On-site general manger In-residence dining and catering from the signature on-site restaurant Pool and beachside food and beverage services Home management services from cleaning and maintenance to floral and grocery stocking The Perigon Miami Beach Condo Features 82 signature OMA-designed residences, including 9 guest suites 2 to 4-bedroom layouts ranging in size from 2,100 to 6,700 square feet Direct, private elevator entrances to each residence 10-foot ceilings with floor-to-ceiling windows Private 10 to 12-foot-deep terraces offering stunning ocean views Open-concept living, dining and entertaining areas perfectly accented with linear cove lighting Italian kitchens custom designed by Tara Bernerd & Partners Kitchens feature honed marble countertops, backsplashes and islands and premium Sub-Zero and Wolf appliances Primary bathrooms boast natural stone flooring and wet walls, custom bathtubs, bespoke mirrors and light fixtures Each bedroom offers walk-in wardrobes Deposit Structure for The Perigon Miami Beach 10% of Purchase Price at Reservation (Now) 10% of Purchase Price at Contract (Approx. 60-90 days after Reservation) 10% of Purchase Price at Groundbreaking (Est. January 2023) 10% of Purchase Price at Top Off 60% of Purchase Price at Closing (Est. Q2 2025) Downloads for The Perigon Miami Beach The Perigon Miami Beach – Fact Sheet The Perigon Miami Beach – Keyplan (Lobby Level & Resident Amenities) The Perigon Miami Beach – Keyplan (Second Level & Lifestyle-Wellness) The Perigon Miami Beach – Floor Plans (3rd Floor) The Perigon Miami Beach – Floor Plans (4th – 10th Floors) The Perigon Miami Beach – Floor Plans (11th – 15th Floors) The Perigon Miami Beach Sales Gallery Lounge