Lionel Messi Goes Under Contract On Multiple Condominiums at Cipriani Residences Miami

Soccer superstar Lionel Messi has gone into contract on multiple condominiums at Cipriani Residences Miami, the renowned hospitality brand's first-ever ground-up residential tower in the US, according to news that broke this afternoon. Sources say the purchase includes a home that's a part of The Canaletto Collection, a limited assemblage of six penthouses and 68 ultra-luxury homes on the top 18 floors of the building. The collection offers the utmost privacy, 360-degree Miami skyline and Biscayne Bay views, and exclusive offerings such as priority access to the tower's private Cipriani speakeasy. Similar homes currently available in The Canaletto Collection start at $7.5 million.

Rising 80 stories above the city in the heart of Brickell at 1420 South Miami Avenue, Cipriani Residences Miami, developed by Mast Capital, features 397 one- to four-bedroom residences starting at $1.7 million. The tower's interiors were curated by 1508 London with architecture by Arquitectonica. The premium amenity collection includes resident-only Cipriani dining services such as catering and a private restaurant and speakeasy, a resort-style deck with two pools, and a spa with sauna and treatment rooms. The tower set an at-the-time record for the largest foundation mat pour in Brickell last year, following an impressive $600 million construction loan from Mexico's Banco Inbursa and Ascendant Capital Partners.

PROFILEmiami had an exclusive construction tour of Cipriani Residences Miami which can be found covered via Instagram Reels.

Renderings via The Boundary

For more information about Cipriani Residences Miami or to inquire about purchasing a unit please fill out the form below:

Cipriani and Mast Capital Launch Cipriani Residences Miami In Brickell

Cipriani and Mast Capital have launched Cipriani Residences Miami, located at 1420 S Miami Ave. in Miami’s Brickell Financial District. Cipriani Residences Miami will evoke the essence of the Cipriani brand, recognized for its distinguished style, world class service and four generations of history. Cipriani Residences Miami will rise 80-stories and is the Cipriani brands first ever ground-up Cipriani residences. The Arquitectonica-designed tower will feature 397 residences which will range from one-to-four bedroom floor plans.

Cipriani Residences Miami will feature resort-style amenities including 2 swimming pools, a sun terrace, fitness center, spa, pickleball court, golf simulator and a variety of round-the-clock Cipriani Cipriani dining services including a Cipriani bar and private dining rooms.

Sales and marketing is overseen exclusively by Fortune Development Sales.

Renderings via Mast Capital and The Boundary

For more information about Cipriani Residences Miami, private showings or purchasing/ leasing information please fill out the form below:

Mast Capital Acquires Prime 2.8-Acre Site In Brickell To Develop 3-Tower Luxury Mixed-Use Project

Miami-based developer Mast Capital closed on the 2.8-acre site located at 1420 S Miami Ave for $103 million. The site is located on the southern edge of the Brickell Central Business District market and represents one of the last remaining raw parcels of land available to build a high-rise development of scale in the area. Mast Capital partnered with private equity real estate firm Rockpoint for acquisition of the multifamily component, the third joint venture between the two firms in 2021.

Mast Capital submitted site plans for a master-development totaling 2.6 million square feet across three residential towers, including an 80-story luxury condominium tower with 400 residences, and two multifamily towers, 50 stories and 60 stories each, with a combined 850 luxury apartments. The condominium tower will be affiliated with a luxury lifestyle brand with plans to provide resort-style amenities, including food and beverage services exclusively for resident use. The development will also include 1,650 parking spaces and ground-floor retail on South Miami Ave.

The site has been highly anticipated and coveted for development dating back 15 years. In the mid-2000s, the site was planned as “Capital at Brickell”, a two-tower project consisting of residential, office, hotel, and retail uses. Foundation work began in 2007, but the project was abandoned during the Great Recession. In 2014, a China-based corporation acquired the site and received plan approvals for a project that included two towers spanning 75- and 73-stories. However, this development was also shelved after years of uncertainty regarding the future of the project. Mast Capital and the seller agreed to an off-market purchase of the site earlier this year.

“We are excited by the potential to create a thoughtful, iconic project that will define and anchor south Brickell. This project will transform the character of the neighborhood and it is a great privilege to be given this rare opportunity,” said Camilo Miguel, Jr., CEO and founder of Mast Capital. “We believe Brickell will continue to outperform from the ongoing demographic shift. Our vision is to offer a differentiated product that stands out from the current offerings and appeals to a wide variety of residents.”

Brickell has achieved robust rent growth and outpaced the market at large in 2021. Since Q1 2021, rents for condos built in Brickell over the last five years increased over 30% on the back of strong in-migration to Miami. While the influx of new residents to the area seeking a cosmopolitan lifestyle, warm weather, and favorable tax environment is not new, this trend has dramatically accelerated since mid-2020.

”While South Florida was seeing strong growth prior to the pandemic, it became evident to us early on that the pandemic would result in further tailwinds for South Florida. We worked hard to identify attractive investment opportunities and as a result have had a very active 18 months. The closing of the Brickell site is the culmination of a very exciting 2021 for Mast Capital,” added Camilo Miguel, Jr.