The Perigon Reveals A First Look Into 'The 01 Collection' Sky Villas Starting At $19.9 Million

The Perigon has revealed ‘The 01 Collection’, a limited assemblage of extraordinary oceanfront residences at the ultra-luxury new condo seated on two acres of prime beachfront in Miami Beach. Designed by world-renowned architecture firm OMA alongside Tara Bernerd, the homes combine the privacy and sprawling square footage of a single-family home with sweeping 320-degree views of both the Atlantic Ocean and Miami Beach coastline. Reserved by developers Mast Capital and Starwood Capital for the final phase of The Perigon’s sales campaign, these homes are particularly rare given their entirely eastern-facing orientation in the Miami Beach market.

Each four-bedroom residence exceeds 6,000 square feet, with the largest offering over 7,500 square feet of combined interior and exterior space. These homes are among the most spacious in the building and epitomize oceanfront luxury. Pricing starts at $19.9 million and an additional residence is listed at $26.9 million with sales overseen by Douglas Elliman Development Marketing.

At the end of January 2025 The Perigon Miami Beach closed on $390 million in construction financing following its ground breaking in April 2024. The Perigon is slated for delivery in 2027 and the project is currently over 75% sold.

As the first Miami Beach residential project designed by internationally renowned architectural firm OMA, led by visionary architect Rem-Koolhaas, the diamond-shaped luxury condominium tower will feature 73 residences offering breathtaking beachfront views. Nestled along the tranquil stretch of sand between Indian Creek and the Atlantic Ocean, The Perigon is situated at 5333 Collins Avenue in Miami Beach’s prestigious Mid-Beach neighborhood. With expansive beachfront acreage, unparalleled exclusivity, and an emphasis on privacy, it presents a lifestyle experience that is both rare and highly coveted.

The ultra-luxury condominium offers approximately 40,000 square feet of thoughtfully designed indoor and outdoor amenities, curated to elevate every aspect of lifestyle. Highlights include a private oceanfront restaurant and private speakeasy conceptualized by Michelin-starred chef Shaun Hergatt, who will oversee the property’s exclusive food and beverage offerings. Additional amenities feature an oceanfront swimming pool with cabanas, a serene spa with sauna and treatment rooms, a private salon, a fully equipped fitness center with panoramic ocean views, a children’s playroom, a screening room, a wine room, guest suites, and a striking double-height lobby lounge. These spaces are brought to life by a dedicated lifestyle concierge and residential butler, ensuring an unparalleled level of service. Residents will also enjoy 24-hour security, valet, house car service, pool and beach service, in-residence dining and more, offering a seamless blend of luxury and convenience.

Renderings via The Boundary

For more information about The Perigon Miami Beach or to inquire about purchasing a unit please fill out the form below:

Mast Capital and Starwood Capital Group Secure $390 Million Construction Loan For The Perigon Miami Beach

Following the commencement of construction this past spring, The Perigon Miami Beach, a joint venture condominium development on Miami Beach between Miami-based real estate development group Mast Capital and a controlled affiliate of Starwood Capital Group, a globally renowned private investment firm led by Barry Sternlicht, has closed $390 million in construction financing. This monumental achievement underscores the project’s exceptional quality and market appeal, marking a pivotal step forward in delivering what will be a landmark of architectural excellence and refined living. The Perigon Miami Beach broke ground in April 2024 spearheaded by general contractor Moss Construction and is slated for delivery in 2027.

The Perigon’s financing, one of the largest construction loans to close in Miami Beach over the last year, is being provided by Eldridge Real Estate Credit, a leading investor in real estate credit opportunities throughout the U.S., U.K., and Europe, including construction, bridge, and special situation opportunities across the capital structure.

“The successful closing of this landmark construction loan underscores the extraordinary momentum of The Perigon and the overwhelming market response it has garnered. We took great pride in bringing together a world-class team of architects, designers, and culinary visionaries to shape The Perigon Miami Beach into an iconic condominium that resonates with discerning buyers, drawn to its unparalleled beachfront setting and timeless sophistication,” said Camilo Miguel, Jr., Founder and CEO of Mast Capital. “The robust interest from the lending market further validates the strength of our sponsorship and cements The Perigon’s position as a defining statement in ultra-luxury living.”

With over 75% of residences sold, The Perigon’s sophisticated architectural design, world-class amenities, and exclusive location stands as a powerful testament to the team’s collective expertise and determination to redefine ultra-luxury living in Miami Beach.

“We are proud to partner with Mast Capital and Starwood Capital Group on The Perigon Miami Beach, a development that sets a new standard for ultra-luxury residences in Miami. This is a project that represents the exceptional, visionary real estate we seek to finance, and further underscores the continued growth and momentum of our business,” added Matthew Rosenfeld, Managing Director, Eldridge Real Estate Credit.

The ultra-luxury tower offers two- to four-bedroom residences ranging from 2,100 to 6,700 square feet, with eight private guest suites. Currently starting at just over $10 million, the residences are impeccably designed by acclaimed interior designer Tara Bernerd, featuring the finest finishes, expansive 10-foot ceilings, and 10- to 12-foot-deep wraparound balconies that frame direct water views. Sales and marketing are exclusively overseen by Douglas Elliman Development Marketing.

As the first Miami Beach residential project designed by internationally renowned architectural firm OMA, led by visionary architect Rem-Koolhaas, the diamond-shaped luxury condominium tower will feature 73 two- to four-bedroom residences offering breathtaking beachfront views. Nestled along the tranquil stretch of sand between Indian Creek and the Atlantic Ocean, The Perigon is situated at 5333 Collins Avenue in Miami Beach’s prestigious Mid-Beach neighborhood. With expansive beachfront acreage, unparalleled exclusivity, and an emphasis on privacy, it presents a lifestyle experience that is both rare and highly coveted.

The ultra-luxury condominium offers approximately 40,000 square feet of thoughtfully designed indoor and outdoor amenities, curated to elevate every aspect of lifestyle. Highlights include a private oceanfront restaurant and private speakeasy conceptualized by Michelin-starred chef Shaun Hergatt, who will oversee the property’s exclusive food and beverage offerings. Additional amenities feature an oceanfront swimming pool with cabanas, a serene spa with sauna and treatment rooms, a private salon, a fully equipped fitness center with panoramic ocean views, a children’s playroom, a screening room, a wine room, guest suites, and a striking double-height lobby lounge. These spaces are brought to life by a dedicated lifestyle concierge and residential butler, ensuring an unparalleled level of service. Residents will also enjoy 24-hour security, valet, house car service, pool and beach service, in-residence dining and more, offering a seamless blend of luxury and convenience.

Renderings via The Perigon Miami Beach

For more information about The Perigon Miami Beach or to inquire about purchasing a unit please fill out the form below:

Michelin-Starred Chef Shaun Hergatt To Open Private Oceanfront Restaurant And Speakeasy At The Perigon

The Perigon, an ultra-luxury oceanfront condo building being developed by Camilo Miguel Jr.’s Mast Capital and Barry Sternlicht’s Starwood Capital Group in Miami Beach, has partnered with celebrated Michelin-starred chef Shaun Hergatt to open Miami Beach’s first ever resident only concept by a Michelin-starred chef as an exclusive amenity to the property. Shaun Hergatt will curate the food and beverage concept at The Perigon including a private resident-only restaurant and speakeasy. Chef Shaun Hergatt, the executive chef and owner behind some of New York’s most famed Michelin-starred restaurants both public and private, including Vestry in Soho and 432 Park Avenue respectively, is renowned for his technically precise cooking and painterly presentations. Nota at The Perigon will be Hergatt’s first-ever Mediterranean concept, while FiftyThree, a speakeasy cocktail lounge, will have a bold, playful style.

“We are designing more than a condominium at The Perigon, it is a private, highly serviced five star resort exclusively for the owners,” said Camilo Miguel, Jr., CEO of Mast Capital. “The Perigon is offering Miami Beach’s first-ever resident-only Michelin-starred chef dining concept, where residents can enjoy their privacy or mix and mingle with their neighbors. Additionally, our partnership with such a notable chef as Shaun Hergatt further solidifies the commitment to the quality of luxury, The Perigon will offer to its residents.”

Taking advantage of the oceanfront location and abundance of rich, local ingredients, Nota at The Perigon is centered around a clean, crisp palate. With seafood anchoring the Mediterranean inspired menu, Chef Hergatt plans to use woodfire grilling techniques to create dishes that are elevated yet approachable, with health and wellness at the forefront.

“Food brings people together and through this partnership with Mast Capital, I’m thrilled and honored to further elevate the experience for the residents at The Perigon,” said Chef Shaun Hergatt. “Paying homage to the regional flavors and ingredients, our rotating seasonal menus will offer an elevated yet approachable cuisine, exclusive to residents and their guests.”

The interiors of Nota were designed by Tara Bernerd to blend into the larger residential concept at The Perigon. The design will incorporate rich materials from intricate stones to linens. The furniture will integrate a unique combination of organic materials with subtle hues that cohesively blend to the environment of coastal living on the sands of Miami Beach. The oceanfront restaurant will accommodate up to 70 guests, with service extending to the pool deck.

The speakeasy, FiftyThree, will experiment with bold colors and patterns, embracing a whiskey themed palate. Darker browns and greens will set a more intimate mood, featuring bronze fixtures and accents creating the perfect nighttime setting. The cocktails will also embody the more playful aesthetic, while focusing on fresh ingredients and creative curations.

The Perigon’s food and beverage concept represents Chef Hergatt’s triumphant return to South Florida. Chef Hergatt first debuted in Miami in 2005 when he was the executive chef at The Setai Miami Beach. Hailing from Australia but having worked at restaurants around the world garnering international accolades for culinary craftsmanship, Chef Hergatt is known for two of his Michelin star restaurants, Juni and Vestry, and previously SHO Shaun Hergatt, which garnered acclaim for its geographically inspired dishes. Today, one of Chef Hergatt’s many restaurants is the Caviar Bar in Las Vegas. Many of his most famed dishes are inspired by his travels and surroundings, an approach he will bring to The Perigon.

Completing the culinary experience at The Perigon will be several additional private amenity spaces for dining and lounging. An indoor-outdoor conservatory doubling as a breakfast lounge and terrace will host residents for their early morning coffee. Here, a barista will be available upon request to serve hot or iced coffee to a resident’s liking. Residents can also request meals be delivered directly to their private residence or to their poolside cabana.

Further elevating the experience at The Perigon is a new private concierge partnership with BHB Private Concierge, a premium provider servicing private properties and clients. In addition to offering residents seamless experiences tailored to their individual wants and needs, the concierge at The Perigon will further enhance the programming throughout the amenity suites. To begin living The Perigon lifestyle before stepping foot inside, residents will have access to select services provided by BHB Private Concierge shortly after contract signing.

Located at 5333 Collins Avenue along the tranquil 200-foot stretch of sand between Indian Creek and the Atlantic Ocean, The Perigon comprises 73 two- to four-bedroom condominiums ranging from 2,100 to 6,700 square feet, with eight private guest suites offered to residents only. With an overall 20,000 square feet of amenities that provide both exclusivity and an idyllic setting for connection and socializing, the building is elevating a palatial lifestyle evocative of a five-star hotel. Pricing starts at $4.15 million with completion slated for 2025.

Sales and marketing are exclusively overseen by Douglas Elliman Development Marketing.

Renderings via The Boundary

JDS Development Completes Phase 1 Of Site Work At 1 Southside Park in Brickell

JDS Development Group, led by Michael Stern, has completed the first phase of site work at 1 Southside Park, a new world-class mixed-use luxury tower in the heart of Brickell. The developer has completed soil mixing on a portion of the site and has moved onto soil mixing at another site on the assemblage. They have also completed a temporary parking lot and the tower is now fully permitted. When complete the tower will rise 64-stories, 773’.

1 Southside Park designed by SHoP Architects, ODP Architecture and Design as well as James Corner Field Operations. The mixed-use project is a redevelopment of an existing fire station at 1105-1133 SW 2nd Ave. 1 Southside Park will rise 64-stories and span 2.48 million square feet of total development. The project will feature 1,195 multifamily units, 200 hotel rooms, 5,120 square feet of event space, 165,000 square feet of office, 99,824 square feet of health and wellness, 23,312 square feet of restaurant space, a 1,417 square foot fast food restaurant space, 1,000 parking spaces and a 32,000 square foot fire station. In exchange for increased development the density of the project, JDS Development will pay for improvements to Southside Park as well as included the new fire station in the project.

The residential units will be operated as apartment rentals and Barry Sternlicht’s Treehouse Hotels will operate the hotel component which will be known as Treehouse Brickell. The hotel component is being designed in collaboration with Rockwell Group with a focus on sustainability by implementing a wide range of energy, water, and environmental design strategies. Treehouse Brickell will minimize the hotel's environmental impact and provide a lower carbon footprint aided by features such as rainwater harvesting and reuse, low-carbon energy materials, electric-car-recharging stations, and bike parking. 1 Southside Park is expected to be completed in 2025.

Starwood Acquires The 844-Unit Palmer Dadeland From Mill Creek Residential For $387 Million

Barry Sternlicht’s Starwood Real Estate Income Trust has acquired the 844-unit Palmer Dadeland apartments for $386.7 million from Mill Creek Residential, roughly $440,000 per unit. The transaction was facilitated via an LLC membership change in which Mill Creek Residential sold the LLC that owns the property to Starwood as opposed to a deed being filed. Investors use this method of acquisition to save on documentary stamp taxes which are paid by the state and county upon filing a deed. The property was 97.9% occupied at the time of sale with an average monthly rent of $2,292. Starwood will finance the property with a $260 million two-year, floating rate, interest only loan provided by Wells Fargo which is expected to close on October 21.

The LEED Silver-certified Palmer Dadeland is located at 8215 and 8217 SW 72nd Ave. and features 844 residential units. The project was initially known as Modern Metro Dadeland and was developed by Mill Creek Residential in 2017 and 2019. The residential community features resort style pools, business center, fitness center, billiards lounge, game room, two rooftop decks and a pet spa.

Images via Palmer Dadeland

Take A First Look At Related Group and Barry Sternlicht's 75-Story Baccarat Residences Brickell

Jorge Perez’s Related Group and Barry Sternlicht’s SH Hotels & Resorts have launched Baccarat Residences Brickell, the first project the real estate icons are developing together. Baccarat Residences Brickell continues the legacy of Baccarat Residences New York, which brought in record-breaking sales and was recognized for pushing the needle for residential design. Baccarat Residences Brickell brings a similar unique hybrid of high-design, exceptional service and amenities that reflect the storied French crystal company's more than 250-year heritage. The design aesthetic will fuse 18th-century Paris and 21st-century Miami, with a 1930s Art Deco influence.

The 75-story bespoke tower will offer 360 luxury residences including tower residences plus an exclusive selection of penthouses and riverfront villas. All spaces are curated to maximize the property’s coveted location with panoramic views of the Miami River, Biscayne Bay and city skyline. Inspired by the Baccarat’s storied crystal creations, the building’s bold architectural identity with a chiseled, glass façade will create an interplay of light that mirrors the sparkling waters below. Interiors blend 18th-century French design and 1930’s Art Deco to create a uniquely Miami feel with handcrafted Baccarat crystals gracing nearly every surface and signature pops of red creating sumptuous environments worthy of the legendary French brand.

Combining the best of Brickell with enlightened design, artful service and enlivening waterfront amenities, residents can expect a lifestyle infused with laid-back glamour and luxury. Bespoke residences range from 1,330 SF to over 7,000 SF and each home comes equipped with integrated wellness technology to enhance overall wellbeing. Residences also feature private elevators that open up to airy open concept living areas with perfectly crafted interiors and floor to ceiling glass leading to expansive outdoor terraces framing panoramic water views.

Baccarat Residences Brickell offers access to expertly managed five-star amenities including a fitness and wellness center featuring a Baccarat hammam spa with steam room, sauna, yoga and meditation spaces. Owners will also have access to a luxurious club room with billiards, private screening room, game room, wine cellar with tasting room, private dining room with Chef’s kitchen, and more.

Outdoor living is enhanced by lushly landscaped gardens, multiple pools and private cabanas, interactive water playground, and a marina with private water taxi service via the “house yacht.” Additional perks include a full-service salon and barber shop, pet spa, signature riverfront restaurant and Beach Club Membership at 1 Hotel South Beach.

Demolition of the previous structure and site work has already begun with the development team gearing up for groundbreaking. The tower’s expected completion is 2024.

Imagery via Related Group

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