Raffles Selects Coconut Grove for Its First Standalone Residences, With 35 Homes From $4.5 Million

Raffles Hotels & Resorts is bringing its first standalone residential development to Coconut Grove. Announced October 29, Raffles Residences Coconut Grove is planned as a collection of 35 private residences at 2545 South Bayshore Drive, with prices starting at $4.5 million. Mast Capital and BH Group are developing the project with the Accor hospitality brand.

Brandon Haw Architecture is leading the design for the Biscayne Bay address. Haw established his practice in 2014 after 26 years at Foster + Partners, where he directed the firm’s U.S. operations. The project will include a limited penthouse offering, according to the development team.

The announced collection spans two- to 4.5-bedroom residences, with sales anticipated to launch this fall. Douglas Elliman Development Marketing is handling exclusive sales and marketing, led by sales director Matthew Chook alongside Lourdes Alatriste, Jennifer Goldstein and Jorge Sanchez.

The Coconut Grove development extends Raffles’ residential business through a property dedicated entirely to private ownership. Its North American debut, Raffles Boston, combined a hotel with residences; the Miami project will introduce the brand’s first standalone residential model. Accor One Living is supporting the development, design and operation of the community.

“At this scale, the Raffles philosophy of hospitality can be experienced on a deeply personal level,” said Isaac Toledano, Founder of BH Group. The developers describe a service approach tailored to individual homeowners and their daily routines, bringing Raffles’ hospitality identity into a residential setting.

Owners will also have access to the Accor Ownership Benefits Program. According to the announcement, benefits include global VIP recognition, Elite membership in the ALL Accor loyalty program and preferred rates across participating Accor hotels and resorts.

Renderings: DBOX/Raffles Residences Coconut Grove.

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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

Past PROFILE Articles about Banyan Tree Residences, West Palm Beach:

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Mast Capital And Koch Real Estate Investments Acquire The Islands of Islamorada Resort In The Florida Keys, Set To Launch Sales of Private Waterfront Villas

Mast Capital, in partnership with Koch Real Estate Investments, has acquired The Islands of Islamorada Resort, a luxury resort in Islamorada, Florida, offering convenient access to the Florida Keys’ renowned boating, fishing, dining and outdoor recreation destinations.

The joint venture of Mast Capital and Koch Real Estate Investments acquired the resort from the seller Frisbie Group. Berkadia Miami’s Scott Wadler arranged acquisition financing through lender Ardent Real Estate. It was reported in July 2024 that Wills Company had acquired the property for $72 million but Frisbie Group retained a stake in the partnership.

Located at 82779 Old Highway in the Upper Keys, just 90 minutes from Miami, The Islands of Islamorada Resort features 22 private, oceanside villas and eight hotel suites across a serene and exclusive enclave. The luxury resort offers direct water access and an elevated hospitality experience in one of the Florida Keys' most sought-after destinations.

Spanning approximately seven acres of exceptional shoreline property in Islamorada, known as the "Sport Fishing Capital of the World," the resort offers an array of upscale amenities, including two oceanfront swimming pools, a private beach, two pickleball courts, two playgrounds, a beachfront bar and a state-of-the-art fitness center. Guests also enjoy access to a private marina with boat slips, paddleboards, kayaks and sailboats for leisurely coastal pursuits, as well as personalized concierge services and event spaces for weddings, corporate retreats and other special occasions.

The new ownership group plans to re-launch sales and marketing efforts for the property's 22 waterfront villas, with Ocean Sotheby's International Realty serving as the exclusive sales broker. With prices starting at $3.8 million, the fully furnished, detached residences span 4,067 total square feet and feature four bedrooms, four full bathrooms, three-story layouts with covered waterfront loggias primed for outdoor entertaining, two-car garages with EV charging capabilities, premium finishes and appliances, integrated smart-home technology, and concrete block construction built to current hurricane code standards.

"The Florida Keys represent one of the country's most supply-constrained hospitality markets, where exceptional waterfront assets continue to benefit from strong long-term demand and high barriers to entry," said Jordan Kornberg, Chief Investment Officer of Mast Capital. "The Islands of Islamorada offers villa buyers a unique opportunity to own a newly built, high-quality residence in the heart of the Florida Keys with the lifestyle of a luxury resort and ability to generate income through the resort’s rental program."

“The financing reflects continued lender confidence in well-capitalized sponsors pursuing differentiated and high-barrier investments in supply-constrained markets like the Florida Keys," Wadler said. "The Islands of Islamorada offered a rare combination of an irreplaceable waterfront location, luxury condo-hotel product and an experienced ownership group with a clear business plan, allowing the financing to come together on an accelerated timeline."

The acquisition further expands Mast Capital's growing hospitality portfolio across Florida as it continues to invest in premier leisure and lifestyle destinations. The firm's hospitality holdings include the three Michelin-key destination Little Palm Island Resort & Spa in the Florida Keys, one of the state's most exclusive luxury island retreats and America’s only private island resort, accessible only by sea or sky. The firm also owns the iconic Saddlebrook Resort in Tampa Bay, a 480-acre property that recently relaunched following a transformative renovation.

In addition to its hospitality assets, Mast Capital is also currently advancing several high-profile residential projects, including The Perigon Miami Beach, an ultra-luxury oceanfront condominium developed alongside Starwood Capital Group; Cipriani Residences Miami, an 80-story luxury residential tower that recently topped off in Brickell; and Banyan Tree Residences West Palm Beach, Banyan Group’s first-ever residential project in the U.S. being developed in collaboration with Curated JCZM Development.

Past PROFILEmiami articles about real estate in the Florida Keys:

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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

Past PROFILE Articles about Banyan Tree Residences, West Palm Beach:

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Mast Capital and Starwood Celebrate Top Off of The Perigon Miami Beach

Mast Capital and Starwood celebrated the recent topping off milestone of The Perigon Miami Beach as the first new oceanfront residential tower in this cycle in Miami Beach to reach full height ahead of its anticipated occupancy in 2027.

With strong sales momentum, limited inventory remaining from $12.55 million, The Perigon Miami Beach is a 17-story ultra-luxury oceanfront condominium developed by Mast Capital in joint venture with a controlled affiliate of Starwood Capital Group. Designed by OMA, the firm founded by Pritzker Prize–winning architect Rem Koolhaas, the 72-residence tower features interiors by Tara Bernerd and gardens by Gustafson Porter + Bowman.

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.

Images via TAMZ, Jason O’Rear, The Boundary and The Perigon

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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.

The Perigon Completes First Hydrostatic Concrete Slab Pour In Miami Beach

The Perigon, an ultra-luxury new condo seated on two acres of prime beachfront in Miami Beach, has officially completed the first hydrostatic concrete slab pour for the property, having flowed continuously for approximately 9 hours. Once completed, the pour reached 520 cubic yards of concrete with 60 tons of reinforcing steel and 60 truckloads of concrete over the active construction period. The Perigon is being developed by Mast Capital and Starwood Capital and is slated for delivery in 2027.

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.

Images via Binyan Studios and The Perigon

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

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

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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: