Cipriani Residences Miami Reveals The 1931 Collection, Two Crown Jewel Penthouses Listed For $33 Million & $19.8 Million

Cipriani Residences Miami has unveiled The 1931 Collection, an exclusive pair of ultra luxury penthouses inspired by the Venetian landmarks that shaped the Cipriani family’s legacy. Priced at $33 million and $19.8 million, The San Marco and The Torcello crown the 950-foot tower, bringing the brand’s celebrated tradition of Italian hospitality to the highest expression of branded residential living in North America.

Nearly a century after Giuseppe Cipriani opened Harry’s Bar in Venice, The 1931 Collection pays tribute to the places where the family’s story began. Named for the year Harry’s Bar first welcomed guests, The San Marco and The Torcello occupy the tower’s highest floors, drawing on the rituals, elegance and hospitality that have defined the Cipriani name since 1931. Timeless design, meticulous craftsmanship, gracious service and effortless entertaining come together in two singular homes overlooking Biscayne Bay, offering a distinctly residential interpretation of the brand’s enduring legacy.

“Authenticity is what ultimately distinguishes a truly exceptional branded residence,” said Camilo Miguel Jr., Founder and CEO of Mast Capital. “You cannot create it simply by placing a name on a building. With The 1931 Collection, we drew from the values and traditions that have defined Cipriani for nearly a century and considered how they could shape the way a home is designed, experienced and lived in today. The result feels unmistakably Cipriani and distinctly of Miami, while carrying forward a legacy that has endured across generations and creating homes intended to do the same.”

Long before wellness became a checklist of equipment, the Cipriani family measured it differently: by the table, and by how to better serve who was seated at it. Rather than treating wellness as a room to visit, The San Marco and The Torcello are designed around the rituals of gathering, cooking and entertaining long associated with longer, more connected living — a philosophy of wellbeing built on people, not equipment.

“Cipriani has never simply been about a place; it is about what happens within it and what people carry with them long after they leave,” said Giuseppe Cipriani. “Harry’s Bar, Piazza San Marco and Locanda Cipriani have been part of our family’s story for generations, but also of the lives of so many others. With The 1931 Collection, that spirit finds a new expression in Miami, where these residences can become the setting for celebrations, rituals and memories that belong entirely to the families who call them home.”

The San Marco

Named for San Marco, the Venetian “sestiere” or historic district of the Cipriani hospitality legacy, The San Marco is conceived as a private estate in the sky. Spanning three levels and 9,677 square feet of interior and outdoor living, the residence brings together extraordinary scale, timeless design and an uncompromising approach to entertaining, wellness and family life.

A soaring 24-foot Great Room opens to panoramic views of Biscayne Bay, creating a dramatic setting for everyday living and entertaining. Generously proportioned living and dining spaces are complemented by an integrated wet bar and dedicated wine display, while a statement kitchen island finished in lacquered wood and Calacatta marble and a fully equipped chef’s kitchen allow for everything from intimate dinners to larger celebrations.

The rooftop is devoted to outdoor living and personal wellbeing, with an infinity-edge swimming pool, summer kitchen and wraparound entertaining terrace overlooking Biscayne Bay. A private wellness room and in-residence gym set a daily rhythm of movement and recovery, extended outdoors through a dedicated cold plunge, hot tub and meditative massage pavilion — spaces conceived not as a spa to visit, but as a ritual to live within. A private putting green completes the experience.

The Torcello

Inspired by the quiet elegance of the island in the Venetian lagoon that has welcomed generations of guests to Locanda Cipriani, recently renovated, The Torcello offers a more intimate interpretation of The 1931 Collection. Encompassing 6,703 square feet of interior and outdoor living, it is designed for those who value privacy, craftsmanship and a life thoughtfully lived.

Every space is designed to feel equally suited to quiet moments and effortless entertaining. Generously proportioned living and dining spaces are joined by a statement kitchen island finished in lacquered wood and Calacatta marble, a fully equipped chef’s kitchen for private preparation, dedicated wine storage and a private screening room. The Midnight Bar creates another intimate setting within the residence — a room built for the same ritual of gathering after dark that has defined Cipriani hospitality since 1931, conceived for cocktails, conversation and the kind of evening meant to be remembered.

Well-being extends naturally from the interiors to the terraces, with a private wellness room and in-residence gym complemented by a dedicated outdoor cold plunge and hot tub, framing recovery and rest as part of the everyday rather than an occasional indulgence. An infinity-edge swimming pool overlooking Biscayne Bay, open-air shower, summer kitchen and wraparound terrace create a private outdoor environment for dining, entertaining and restoration.

Service, Carried Beyond Miami

Throughout The 1931 Collection, hospitality is designed to feel personal rather than programmatic. Residents can enjoy in-residence dining prepared by the Cipriani culinary team, bringing the family’s signature approach to food, service and entertaining directly into the privacy of The San Marco and The Torcello.

As owners within the Cipriani family, residents also carry that hospitality with them beyond Miami, with access to reservations across the family’s global address book, from Harry’s Bar in Venice to Cipriani restaurants, lounges and events in New York, Monte Carlo, Dubai, Hong Kong, Punta del Este and beyond.

Throughout The 1931 Collection, a refined palette of oak herringbone flooring, Calacatta marble, lacquered wood cabinetry and polished chrome detailing brings richness and depth to the interiors. Materials are carried across surfaces and spaces with a sense of continuity, allowing the craftsmanship and natural character of each finish to become an integral part of the residences.

Architecturally conceived by Bernardo Fort-Brescia of Arquitectonica, with bespoke interiors by 1508 London, The 1931 Collection represents the fullest expression of the vision for Cipriani Residences Miami. Generous proportions are balanced by warmth and intimacy, while abundant natural light and a fluid relationship between interior and exterior shape homes of extraordinary scale that remain deeply residential. Together, the architecture and interiors translate the elegance, ease and unmistakable character of Cipriani into a distinct Miami way of living.

As the first ground-up Cipriani branded residential development in North America, Cipriani Residences Miami brings the family’s nearly century-long tradition of hospitality into a new residential expression. Rising 950 feet above Brickell as the tallest residential tower south of Manhattan, the project is now 85 percent sold to buyers from over 30 countries ahead of its Summer 2027 occupancy.

Renderings via Hayes Davidson (unless otherwise noted)

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Banyan Tree Residences West Palm Beach Receives Unanimous Approval for Development Plans

Banyan Tree Residences West Palm Beach has reached a major development milestone after receiving unanimous and unconditional approval from the West Palm Beach Downtown Action Committee to utilize Transfer of Development Rights (TDRs), clearing the way for the luxury residential project to advance with its current design.

The approval, granted on August 12, allows the development to move forward at 25 stories with a 5.5 floor area ratio (FAR). The decision preserves key elements of the project's architecture and development program while providing greater certainty as the team advances toward construction and financing.

Developed by Mast Capital and Curated JCZM Development, Banyan Tree Residences West Palm Beach will introduce Banyan Tree's flagship brand to the United States for the first time. The project will feature 88 private residences in the heart of downtown West Palm Beach. Sales are exclusively led by Douglas Elliman Development Marketing, with residences starting at $1.9 million.

The approval follows approximately a year of engagement between the development team, City staff and neighborhood representatives. The project's podium and ground-level design were among the elements highlighted during the process, including landscaping intended to strengthen the building's relationship with the surrounding pedestrian environment and downtown streetscape.

"This unconditional approval and the unanimous vote by the West Palm Beach Downtown Action Committee is a landmark moment for the project," said Camilo Miguel Jr., CEO and founder of Mast Capital. "It's a powerful validation of the exceptional team, including OMA, Yabu Pushelberg, and Enea Landscape Architecture, and further proof of the caliber of design we set out to deliver from day one. As West Palm Beach continues to evolve into one of the country's most dynamic markets, we're proud to be an integral part of the city’s new chapter, and this approval gives us a clear, unobstructed path to bring that vision to life."

Banyan Tree Residences brings together an internationally recognized design team led by OMA, the architecture firm co-founded by Pritzker Prize-winning architect Rem Koolhaas. Yabu Pushelberg is designing the interiors and amenity spaces, while Enea Landscape Architecture is overseeing the project's landscaping. The development represents the first project in the neighborhood for each of the design partners.

The residential concept emphasizes connections between interior and exterior spaces, incorporating nature throughout the architecture, landscaping and amenity environments in a reflection of Banyan Tree's hospitality roots. Every residence within the building is planned as a corner unit, creating multiple exposures and further emphasizing natural light and views.

A substantial portion of the development will be dedicated to wellness and resident amenities. A full-floor wellbeing environment will incorporate a spa, meditation dome and garden, rainforest showers, cryotherapy, hammam, steam room, sauna, soaking baths and cold plunge.

Additional amenity levels will feature a fully serviced resort-style pool with private cabanas, an open-air cinema and private speakeasy lounge. Residents will also have access to a private porte cochère, indoor and outdoor fitness pavilion, Pilates studio, children's discovery garden and dedicated treatment spaces.

The extensive wellness component brings an experience historically associated with Banyan Tree's international resorts and spas into a residential setting in the United States. Banyan Tree has established a global portfolio of resorts and branded residences across more than 20 countries, with West Palm Beach now serving as the location for the flagship brand's U.S. residential debut.

Ownership will also extend beyond the West Palm Beach property through The Sanctuary Club, providing residents preferred access to Banyan Tree's international network of more than 100 hotels and resorts and over 140 spas and galleries across more than 20 countries.

The milestone comes as West Palm Beach continues its transformation into a major destination for luxury residential development. With the Downtown Action Committee's unanimous approval now secured, Banyan Tree Residences West Palm Beach can advance with its planned 25-story design, bringing one of the newest international luxury hospitality brands to enter the rapidly evolving South Florida market.

Renderings via Hayes Davidson

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Cipriani Residences Miami Tops Off Construction, Surpasses 80% Sold Ahead of Summer 2027 Delivery

Cipriani Residences Miami, the Cipriani brand's first ground-up residential development in North America, has officially topped off construction, reaching its full height of approximately 950 feet and marking a major milestone ahead of its anticipated Summer 2027 delivery.

Miami’s skyline has been fast changing with the other tallest completed towers including Aston Martin Residences rising 817’, One Thousand Museum by Zaha Hadid Architects rising 706’, and Paramount Miami Worldcenter rising 700’. Under construction in Brickell is The Residences at 1428 Brickell which will rise 861’; and, in Downtown Miami are The Waldorf Astoria Hotel & Residences Miami, which will be Miami’s first completed supertall with construction closing in on 1,049’, and Okan Tower which will rise 902’.

Now more than 80% sold, the 85-story landmark has attracted buyers from more than 30 countries across the Northeastern United States, the West Coast, Latin America and Europe, reinforcing both the enduring global appeal of the Cipriani brand and Miami's position as one of the world's premier destinations for high-end real estate investment and residency.

With the tower now at full height, construction remains on schedule for Summer 2027 occupancy, making Cipriani Residences Miami one of the only ultra-luxury residential towers in Brickell expected to deliver this coming year.

"For nearly a century, our family, inspired by our Italian heritage and traditions, has welcomed people from around the world with the same philosophy: to create places where elegance, service and hospitality come naturally," said Giuseppe Cipriani. "I am excited to see this spirit continue through Cipriani Residences Miami. It is not simply a residential tower, but a home where people can experience the comfort of simple pleasures, timeless style and effortless living."

The topping off represents more than a construction milestone. It reflects Miami's continued emergence as one of the world's leading destinations for global wealth and long-term investment. Buyers have come from more than 30 countries, with particularly strong demand across the Northeastern United States, the West Coast, Latin America and Europe, as well as established Cipriani markets including London, Milan, Monte Carlo and Mexico. Increasingly, purchasers are choosing Miami as a primary residence rather than a seasonal destination, underscoring the city's evolution into a global financial and cultural capital.

"This milestone represents far more than reaching the top of the tower. It reflects the continued evolution of Miami as one of the world's premier destinations for high-end real estate," said Camilo Miguel Jr., Founder and CEO of Mast Capital. "As we celebrate reaching full height and surpassing 80 percent in sales, we continue to see extraordinary validation from buyers around the world who recognize the exceptional quality of what we have created alongside our partners. Cipriani Residences Miami embodies our vision of delivering a truly world-class residential experience where exceptional design, legendary hospitality and disciplined execution come together to establish a new benchmark for luxury living."

Designed by Arquitectonica with interiors by 1508 London, Cipriani Residences Miami brings nearly a century of Italian hospitality into a collection of 397 residences inspired by the legendary service and understated elegance that have defined the Cipriani family since Harry's Bar first opened in Venice in 1931.

Residents will enjoy more than 50,000 square feet of private amenities, including signature Cipriani dining experiences, a resort-style pool deck, wellness facilities, a holistic spa, private screening room, children's play spaces, business lounges and the exclusive 37th-floor speakeasy overlooking Biscayne Bay.

"Reaching the top of the structure is a significant achievement because it brings buyers one step closer to taking ownership of their homes," said Scott Moss, CEO of Moss Construction. "Constructing one of the tallest residential towers in the country requires extraordinary coordination, engineering expertise and craftsmanship. Every milestone reflects the commitment of hundreds of professionals working together to deliver a building that will define Miami's skyline and set a new benchmark for residential construction. With occupancy beginning next summer, buyers can now see that vision becoming reality."

As the brand's first ground-up residential development in North America, Cipriani Residences Miami represents the evolution of nearly a century of hospitality into a permanent residential offering. Combined with Miami's continued emergence as one of the world's foremost destinations for international business and global wealth, the development has established itself as one of the city's defining residential addresses.

Occupancy is anticipated in Summer 2027. Sales and marketing for the project are exclusively represented by Fortune Development Sales. Residences are priced from $1.8 million, with The Canaletto Collection beginning at $4.1 million.

Renderings via The Boundary

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Cipriani Residences Miami Rises to Become The Tallest Residential Tower South of Manhattan Passing 872 Feet

Cipriani Residences Miami, the first ground-up residential development in the Americas by the iconic Cipriani brand, has reached 872 feet, officially becoming the tallest residential tower south of New York City. As it continues its ascent toward an anticipated height of approximately 950 feet, the tower marks a defining inflection point in Miami’s evolution into one of the most consequential luxury residential markets in the United States. The project is expected to be completed in 2027.

Developed by Mast Capital, the milestone is being achieved as construction advances into the building’s final levels, including the forthcoming Penthouse Collection. In surpassing the 868-foot Panorama Tower, Cipriani Residences Miami establishes a new benchmark for residential height in both Miami and the state of Florida, placing it among a limited group of towers redefining the scale and ambition of vertical living beyond traditional gateway cities. The building has advanced at a notable pace, with construction rising at approximately one residential level every several working days, underscoring both execution and sustained demand.

“This milestone reflects a disciplined commitment to craftsmanship and the conviction that buildings of this scale must offer far more than height,” said Camilo Miguel Jr., Founder and CEO of Mast Capital. “What we are seeing is not only the physical rise of Cipriani Residences Miami, but the continued ascent of Miami itself. As global wealth, leading financial institutions, and major companies establish a permanent presence here, expectations around design, service, and overall quality have fundamentally evolved. Our responsibility has been to respond with a level of precision, rigor, and execution that defines its own standard. The residences at the pinnacle of this tower embody that ambition in its most refined expression.”

Cipriani Residences Miami now stands as one of Brickell’s most vertically ambitious residential towers, introducing a scale and presence more often associated with established markets such as Manhattan. Its prominence within the skyline reflects a broader shift in buyer expectations, where elevation, discretion, and a fully integrated standard of service have become defining elements of contemporary residential living. The project has already achieved significant sales to date, with a globally diversified buyer base spanning the United States, Latin America, and Europe.

Now reaching the level of The Penthouse Collection, the project enters its most rarefied phase. With architecture by Arquitectonica, under the direction of Bernardo Fort-Brescia, Cipriani Residences Miami will feature 397 one- to four-bedroom homes with interiors by 1508 London, reflecting the brand’s signature elegance through a refined palette of warm neutrals and rich wood tones. Positioned at the tower’s highest elevations, The Canaletto Collection, a limited offering of ultra-luxury homes, represents the ultimate expression of the building, where scale, craftsmanship, and Cipriani’s hospitality ethos converge. The most exceptional and final inventory sits at the very top, offering unobstructed views of the city skyline and Biscayne Bay as well as a level of privacy, refinement, and scarcity rarely achieved in the market.

“In conceiving Cipriani Residences Miami, we were inspired by the timeless connection between Venice and the water,” said Bernardo Fort-Brescia, Founding Principal of Arquitectonia. “The sweeping curving glass terraces reflect both the sky and Biscayne Bay, allowing the tower to feel connected to its South Florida setting. And as the tower reaches the skies, it dissolves into a series of terraces that define a unique profile.”

Cipriani Residences Miami offers a hospitality-led lifestyle anchored by more than 50,000 square feet of amenities, including a resident-only restaurant, private dining experiences, a 37th-floor speakeasy, a resort-style pool deck with cabanas, and a comprehensive wellness program. Residents will also benefit from Cipriani’s signature service, including in-home dining and concierge offerings, extending the brand’s legacy into a fully residential setting.

Set within Brickell, the city’s financial core, the tower rises at the center of one of the most dynamic economic transformations in the United States. Over the past several years, Miami has attracted an unprecedented influx of high-net-worth individuals, institutional capital, and global firms, with more than 300 financial companies now operating in the region. This sustained migration has repositioned Brickell as a true international business and lifestyle hub, where demand for primary residences continues to accelerate.

Sales and marketing efforts for the project are handled exclusively by Fortune Development Sales, with Residences starting from $1.8 million and The Canaletto Collection Residences starting from $4.1 million.

Renderings via The Boundary

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Mast Capital, Curated JCZM Development and Banyan Group Reveal Banyan Tree Residences, West Palm Beach

Mast Capital and Curated JCZM Development, in collaboration with global hospitality leader Banyan Group, have launched Banyan Tree Residences West Palm Beach, marking the Group’s entry into the United States with the debut of its flagship Banyan Tree brand and its first residential offering in the market. Perfectly positioned just one block from CityPlace and two blocks from the Intracoastal Waterway, the dual-form tower is set to define a new residential paradigm in South Florida – one shaped by intentional design, a seamless integration with nature, holistic wellbeing, and meaningful connection within one of the country’s fastest-evolving real estate markets.

Since its first resort pioneering naturally luxurious and ecologically sensitive hospitality more than three decades ago, the Banyan Tree brand is renowned for its award-winning resorts and branded residences in some of the world’s most distinctive destinations —sanctuaries crafted for intimacy and infused with nature, nurturing wellbeing, meaningful connections and deep presence for purposeful travelers. Banyan Tree Residences West Palm Beach brings this same approach to residential living, introducing a private sanctuary for the senses in the heart of downtown West Palm Beach.

The project brings together a distinguished collective of global visionaries, with architecture by Pritzker Prize-winning Rem Koolhaas’ firm OMA, interiors by renowned design studio Yabu Pushelberg, and celebrated landscape architect Enzo Enea, marking the first collaboration of its kind between these four internationally acclaimed icons. The sculpted residential tower comprises 88 private residences, ranging from one- to four-bedroom layouts, along with a limited collection of penthouses. With every home conceived as a corner residence, the development’s architecture intentionally delivers multi-directional exposure from each home, allowing the residences to engage light, air, and views from multiple vantage points. Expansive sightlines unfold across the city skyline and surrounding waterways, while wraparound terraces in every residence extend living spaces outward and reinforce a seamless connection between indoors and out. Direct private elevator entry in most residences further defines an experience marked by a heightened sense of arrival discretion, and privacy.

“Introducing the first Banyan Tree in the United States represents a defining moment for both the brand and this partnership,” said Camilo Miguel Jr., Founder and CEO of Mast Capital. “West Palm Beach is emerging as a global residential destination – one defined by permanence, cultural depth, and long-term vision. This residential project reflects a highly deliberate collaboration with an unprecedented group of visionaries aligned around a singular ambition and shared pursuit of design excellence, enduring quality, and a deeply considered approach to living, developed to resonate for generations and contribute meaningfully to the future of West Palm Beach.”

Architecture and interiors are grounded in natural materials, tactile restraint, and environmental responsibility, with carbon-conscious operations and long-term sustainability principles reflecting the Group’s ethos of environmental stewardship while supporting a more considered approach to residential living.

“The United States represents an important market for Banyan Group, and American travelers have long been among our most valued guests across our resorts worldwide,” said Ho Kwon Ping, Founder and Executive Chairman of Banyan Group. “We are pleased to make our debut through Banyan Tree Residences West Palm Beach. The city’s cultural energy, strong sense of place, and growing appreciation for purposeful living align closely with our values, and we look forward to introducing our distinctive approach to branded residential living while contributing thoughtfully to its evolving residential landscape.”

Set within one of South Florida’s most walkable districts, the neighborhood places CityPlace, Royal Poinciana Plaza, Palm Beach Island, Worth Avenue, and the Intracoastal Waterway within easy reach, offering residents a rare balance between the serenity of a private retreat and the energy of the city, with access to upscale dining, a vibrant cultural scene, shopping, entertainment, and waterfront leisure at its doorstep.

“Banyan Tree Residences represents a pivotal moment for West Palm Beach, pairing an exceptional downtown address with the renowned legacy of Banyan Tree,” said Josh Simon, Co-Founder and Partner of Curated JCZM Development. “The brand’s expansion into this market underscores the city’s emergence on the world stage, offering residents an experience that is both deeply connected to place and unmistakably international in character.”

The residential amenities extend the Banyan Tree brand experience into everyday living, where wellbeing, privacy, and hospitality shape a lifestyle of quiet restoration and connection. Spanning multiple levels, the expansive amenity offering includes a private porte cochère, a fully serviced resort-style pool, curated social and recreation spaces designed to foster meaningful connection, and many more acting as a direct extension from the home. Complementing these experiences is a comprehensive wellbeing ecosystem dedicated to balance and renewal, anchored by a wellness center and spa featuring deluxe treatment rooms, cryotherapy, a hammam, and tranquil spaces for meditation, creating a daily ritual of restoration and calm.

Through The Sanctuary Club, owners will enjoy preferred access to Banyan Group’s global ecosystem of more than 100 hotels and resorts and over 140 spas and galleries across more than 20 countries, with exclusive privileges and bespoke experiences that extend the West Palm Beach lifestyle onto the global stage.

Sales are exclusively led by Douglas Elliman Development Marketing, with residences starting at $1.9 million.

Renderings via Hayes Davidson

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Nearly 1,000' (300m) Suptertall Cipriani Residences Miami Reaches Halfway Milestone In Brickell, Now Standing 44 Stories

Cipriani Residences Miami, the first-ever ground-up residential building by the world-renowned Cipriani brand in the Americas, has surpassed a major construction milestone underscoring not only its rapid vertical ascent but also its emergence as Miami’s definitive premier tower. With construction, overseen by Moss & Associates, now surpassing its halfway point and standing at 44 stories, the 80-story tower has completed its 37th floor, which will be home to an exclusive resident-only Cipriani speakeasy.

Reaching this milestone illustrates the building’s strong focus on a curated, experiential lifestyle, and places the project on track to become the tallest building in Brickell. Upon completion in 2028, Cipriani Residences Miami will rise close to an astounding 1,000 feet, ushering in a new era of supertall residential towers in the neighborhood.

“This is a pivotal moment that represents far more than the halfway mark toward the building’s crown,” said Camilo Miguel, Jr., CEO and Founder of Mast Capital. “With the completion of the 37th floor, we are celebrating our work redefining luxury living through record-setting vertical scale and lifestyle-driven design. We are also proving that our ambition is matched by our commitment to a swift delivery, as construction moves perfectly on schedule.”

At the heart of Cipriani’s 50,000-square-foot amenity collection lies a hidden gem: the speakeasy — an intimate, cinematic retreat that sets the tone for a lifestyle steeped in sophistication. Envisioned as a discreet social club in the sky, this resident-only lounge will serve signature Cipriani cocktails and refined light bites in an atmosphere of sophistication and connection. Here, culinary artistry merges effortlessly with spaces dedicated to wellness, leisure, and entertainment. Beyond the speakeasy, residents gain privileged access to a private Cipriani restaurant, 24/7 in-home dining, a resort-style pool deck, luxury spa with treatment rooms and sauna, pickleball court, golf simulator, screening room, and more—all conceived to create a fully immersive residential lifestyle. Every detail has been meticulously conceived to envelop residents in a world where elegance, comfort, and Cipriani’s legendary heritage converge.

The tower is climbing one level every three working days, one of the fastest vertical construction paces in Miami’s history. Behind this momentum is a next-generation, self-climbing slip form system, an advanced hydraulic technology that allows the building’s core to ascend continuously without crane dependency. This method maximizes efficiency and precision, enabling the tower to achieve supertall status safely and at speed.

In a district where land is scarce and values are soaring, Mast Capital’s decision to build upward reflects both necessity and ambition, transforming verticality into a new symbol of the city’s economic and cultural rise.

“In a neighborhood defined by skyrocketing land values and finite development opportunities, we chose to look upward and embrace verticality as both a necessity and an opportunity,” continued Camilo Miguel, Jr. “The result is a soaring architectural landmark that is a symbol of Miami’s global ascent as a leading hub for wealth, culture, and innovation.”

As Cipriani Residences Miami races skyward, its dual narrative—engineering excellence and experiential luxury—positions it not just as a building, but as a new status symbol for Miami. By marrying record-setting vertical scale with Cipriani’s legendary service, Mast Capital is delivering a project that will forever mark Miami’s ascent on the global stage.

Cipriani Residences Miami features 397 one- to four-bedroom residences with interiors designed by 1508 London to be aesthetically genuine to the renowned hospitality brand’s distinguished style. The top 18 floors feature The Canaletto Collection, a limited assemblage of six penthouses and 74 ultra-luxury homes. The Canaletto Collection offers priority access to amenities like the private speakeasy, exclusive global concierge services by BHB, and for purchase custom furniture and accessory packages crafted by 1508 London in two distinct styles.

Sales and marketing efforts for the project are handled exclusively by Fortune Development Sales, with Residences starting from $1.7 million and The Canaletto Collection Residences starting from $4.1 million.

Renderings via The Boundary

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Mast Capital & AEW Sell 342-unit Apartment Building in Miami River District

Mast Capital and AEW Capital Management have completed the sale of Remi on the River, a 342-unit luxury apartment community along the Miami River, to Valeris Capital. CBRE’s Robert Given, Troy Ballard, and Michael Mulkern advised on the sale. The transaction highlights continued investor demand for well-located multifamily assets in Miami’s growing urban core.

Delivered in 2024, Remi on the River is located at 999 NW 7th Street, minutes from Brickell, Downtown Miami, and the Miami Health District. The waterfront property spans more than 400 feet of river frontage and offers a mix of studios, one-, two- and three-bedroom units ranging from 465 to 1,334 square feet.

Residences feature European-style kitchens with stainless-steel appliances, select units with built-in wine refrigerators, and expansive views of the river and city skyline. Amenities include a resort-style pool, aqua lounge, fitness center, coworking lounge, clubroom, and access-controlled parking. The project was designed by Corwil Architects.

“The sale of Remi on the River underscores the property’s exceptional lease-up performance, the quality of its design and amenities, and the growing appeal of the Miami River District as a premier destination for waterfront living,” said Camilo Miguel Jr., CEO and Founder of Mast Capital.

The Miami River has emerged as one of the city’s most dynamic residential and mixed-use submarkets. Stretching 5.5 miles through the city, the river corridor is home to commercial cargo operations, boating activity, and a growing number of lifestyle and residential developments.

Remi on the River’s location places residents within reach of Miami’s cultural institutions, including the History Miami Museum, Miami Children’s Museum, and Museum of Graffiti, as well as nearby retail and dining in Brickell, Wynwood, Midtown, and Miami Beach.

For Mast Capital, the deal reflects the firm’s broader strategy of investing in transformative projects across Miami. “This project reflects our commitment to investing in the continued revitalization of this vibrant neighborhood,” Miguel added.

Cipriani Residences Miami Completes the Largest Foundation Pour in Brickell This Year

Miami-based developer Mast Capital has completed the largest mat foundation concrete pour in Brickell this year for Cipriani Residences Miami, the brand’s first-ever ground-up residential offering in North America. Flowing continuously for approximately 16 hours, the uninterrupted pour reached 11,500 cubic yards of foundational concrete with 2,500 tons of reinforcing steel. The pour, led by Moss Construction, also sets a record for the largest to date on South Miami Avenue – one of the neighborhood’s most bustling corridors. Completion is slated for 2028. Sales and marketing efforts for the project are handled exclusively by Fortune Development Sales, with prices beginning at $1.7 million.

"'Reaching this milestone with the completion of the mat foundation pour is a remarkable achievement in our journey to bring Cipriani Residences Miami to life,” noted Camilo Miguel, Jr., Founder and CEO of Mast Capital. “It represents not just a significant phase in the development, but also the dedication and precision of the entire team. This pour lays the foundation for what will become one of Brickell’s most iconic addresses, further solidifying our commitment to excellence and the timeless Cipriani standard of luxury.'"

Designed by Arquitectonica, Cipriani Residences Miami is set to be a new landmark anchoring the southern end of Brickell at 1420 South Miami Avenue. The tower will offer 397 sophisticated residences with interiors meticulously crafted by world-renowned design firm 1508 London that will harness the distinguished style and world-class service of Cipriani.

"A concrete pour of this scale demands meticulous coordination across multiple teams, and it’s a testament to the dedication and collaboration of everyone involved," said Luis Hidalgo, Senior Vice President of Moss Construction. "Managing the logistical complexity of over 50 team members and 750 truckloads of concrete over a 20-hour period highlights the expertise and commitment of our team. We’re honored to contribute to such an iconic development in the heart of Brickell, and we look forward to bringing the Cipriani Residences Miami vision to life."

Rising 80 stories into the skyline, Cipriani Residences Miami will be among the tallest new developments rising in Brickell. On the top 18 floors of the tower will be an exclusive assemblage of 68 ultra-luxury residences and six penthouses, coined The Canaletto Collection. Residents of the collection will receive priority access to the tower’s private speakeasy, exclusive global concierge services from BHB Concierge and custom for-purchase furniture packages and upgraded interior finishes designed by 1508 London. Direct elevator entry and a limited number of residences per floor provide the utmost privacy to residents and their guests.

The residential lifestyle at Cipriani Residences Miami is complemented by a 50,000-square-foot suite of hotel-inspired amenities. Catering and in-residence dining by Cipriani will be offered around-the-clock, while dining services will extend to the private restaurant and reservable dining spaces, a private speakeasy and the elevated resort deck, exclusive to residents and their guests. Additionally, there’s a robust wellness offering including a fully equipped state-of-the-art fitness center, spinning room, a holistic spa, ice plunge, and sauna. Cipriani Residences Miami also offers a golf simulator, pickleball court, screening room, library, salon, elevated private dog park, children’s playroom and à la carte services like plant care, away-from-home maintenance, pet grooming and walking, luxury house limousine transport within a three-mile radius, in-residence spa treatments, personal training and more.

Renderings via The Boundary

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Mast Capital Locks Down Florida's Largest Residential Single-Tower Loan At $600 Million For Cipriani Residences Miami

Miami-based developer Mast Capital has secured a construction loan of $600 million, setting a new record for the largest single-tower residential construction loan ever obtained in Florida for Cipriani Residences Miami. The loan comes from Mexico-based Banco Inbursa and Ascendant Capital Partners, contributing $350 million and $250 million, respectively. The site is one of the last remaining raw parcels of land in Brickell and will serve as the southern gateway to Miami’s financial district.

Situated on the southern edge of Brickell’s business district, Cipriani Residences Miami will be the brand’s first-ever ground-up residences in the Americas. The high-profile condominium development, which is redefining luxury within the Brickell neighborhood, encompasses an 80-story luxury condominium tower with 397 residences offering spectacular views of Biscayne Bay, the Brickell skyline, and Coconut Grove. The site benefits from being located close to all the destinations within Brickell while also offering better accessibility and less traffic given its proximity to the lower density areas of Brickell to the South.

“The unprecedented financing we have secured for this transformative development anchored in Brickell is a testament to the demand for an ultra-luxury condominium product in this neighborhood. We have assembled the highest caliber of architecture, and design to execute this project and further solidify the position of Miami’s Brickell Financial District as a business and residential community,” said Camilo Miguel, CEO of Mast Capital. “Cipriani Residences Miami will transform the neighborhood and appeal to a wide variety of domestic and international residents, especially at a time when Brickell continues to experience robust growth fueled by the steady pace of wealth and business migration.”

While the influx of new residents to Miami, particularly the highly desirable Brickell neighborhood, seeking a cosmopolitan lifestyle, warm weather, and favorable tax environment is not new, this trend has dramatically accelerated since mid-2020 and is expected to continue over the years to come.

Mast Capital purchased the 2.8-acre site located at 1420 S Miami Ave. for $103 million in December 2021, which at the time represented the acquisition of one of the last remaining raw parcels of land in Brickell available to build a large-scale, high-rise development. The condominium tower is a signature Bernardo Fort-Brescia design by architecture firm Arquitectonica and world-renowned interior design firm 1508 London.

Starting at $1.7 million, Cipriani Residences Miami offers one- to four-bedroom residences ranging from 1,123 to 3,495 square feet, in addition to penthouses with private pools, with completion slated for 2028. As the crowned jewel of Cipriani Residences Miami, the Canaletto Collection will offer a boutique experience to residents that includes priority access to the tower’s private speakeasy and dining spaces, exclusive global concierge services and custom finish and furniture packages available for purchase, designed by 1508 London. The Canaletto Collection, which comprises six penthouses, will also feature direct elevator entry and a limited number of residences per floor appealing to discrete residents who prioritize privacy. Pricing for the penthouses starts at $17 million. The condominium will offer all residents exclusive access to around-the-clock dining services by Cipriani available in the private restaurant, 24-hour in-home dining and catering services. Dining services will extend to the elevated resort deck featuring multiple swimming pools, lounge and cabanas.

Residents will also have access to a fully equipped state-of-the-art fitness center, as well as a holistic spa including an ice plunge and sauna. The condo tower’s robust amenity package will also include a golf simulator, a pickleball court, a screening room, as well as a library and salon for beauty services. Residents will also have the convenience of a private dog park, children’s playroom and à la carte services like plant care, away-from-home maintenance, pet grooming and walking, luxury house limousine transport within a three-mile radius, in-residence spa treatments, personal training and more.

Mast Capital has emerged as one of Florida’s most active real estate development and investment firms today, with a diverse portfolio of residential, hospitality, and commercial properties throughout the State. The firm continues to expand its portfolio, with acquisitions representing over $3.5 billion in total project capitalization. These investments include new-build up development of over 4,000 residential units in South Florida, as well as the Fort Myers and Tampa metro areas.

Newmark arranged the transaction with a Debt and Structured Finance team led by Co-Presidents Jordan Roeschlaub and Dustin Stolly alongside Executive Managing Director Nick Scribani. Harry Silvera and Yehuda Auman of Gibson, Dunn & Crutcher LLP and Kimberly LeCompte and Eric Fisher of Greenberg Traurig P.A. served as legal counsel for the developer. Aron Zuckerman and Norian Watson of Cleary, Gottlieb, Steen & Hamilton LLP served as legal counsel for Banco Inbursa. Evan Kaufman and Andy Auerbach of Bryan Cave Leighton Paisner LLP served as legal counsel for Ascendant Capital Partners. Ilana Strickon of Holland & Knight served as legal counsel to both lenders. Sales and marketing for the condominium development is handled exclusively by Fortune Development Sales.

Renderings via Mast Capital

Mast Capital and Rockpoint Top Off Multi-Family Development At Gateway To Miami Beach

As the appetite for apartment living in Miami Beach continues to soar, Mast Capital, a Miami-based development firm led by Camilo Miguel, Jr., in partnership with Boston-based real estate private equity firm Rockpoint, have topped off construction on its newest luxury rental community on Alton Road. The nine-story, multifamily development, comprising of 178 units, is located at 3900 Alton Road and will serve as a gateway to the Mid-Beach neighborhood with convenient access to the Julia Tuttle Causeway.

Mast Capital and Rockpoint secured a $64 million construction loan from PNC Bank in November 2022 and broke ground on the development earlier this year. The project is slated to deliver the first units in Fall 2024.

“As we reach this major construction milestone, we are one step closer to delivering our newest rental community located on Miami Beach’s Alton Road corridor,” said Camilo Miguel Jr., CEO and Founder of Mast Capital. “Given the lack of available land in Miami Beach and the land trade value, most new developments in prime locations on Miami Beach consist of for-sale product. With this luxury multi-family project, we have an opportunity to meet the pent-up demand for a highly amenitized and professionally managed rental community in one of South Florida’s most sought-after neighborhoods.”

Designed by award-winning global architecture firm Arquitectonica, the upscale property will consist of 178 apartments, spanning studios to three-bedroom units. The residences will range in size from 560 square feet to 1,410 square feet and will feature luxury design elements including Italian cabinetry, porcelain flooring, floor-to-ceiling glazing, and wrap-around balconies with glass railings. The development will also incorporate high-end, lifestyle-driven amenities for residents, including an elevated pool deck with bay views, a BBQ area, an outdoor gaming area, fitness and yoga studios, a resident lounge, co-working spaces, and a pet washing station.

“We are pleased to near the completion of this important development site and look forward to helping meet the significant demand for high-quality rental units in the Miami Beach submarket, which continues to exhibit low vacancies and strong rental growth,” said Dan Domb, Managing Member at Rockpoint. “This investment reflects our acquisition and development strategy for multifamily residential properties in the desirable and supply-constrained South Florida housing market. We are eager to continue our strong partnership with the team at Mast Capital and benefit from its established residential development expertise.”

Mast Capital has emerged as one of Florida’s most active real estate development and investment firms, with a diverse portfolio of residential and commercial properties throughout the region. The firm continues to expand its portfolio, with acquisitions representing over $3.5 billion in total project capitalization. These investments include new-build development of over 4,000 residential units across South Florida, and the Fort Myers and Tampa metro areas.