FIRST ON PROFILE: Casa Cipriani Miami Revealed on Miami Beach Featuring Private Members Club, Hotel and Private Residences

Following its overwhelming success in New York City and Milan, Casa Cipriani, the latest private club experience founded by the four-generation international hospitality family, is expanding its vision to Miami Beach. Casa Cipriani Miami, developed by Miami-based 13th Floor Investments and New York- based Midtown Equities, will include a 40-key all-suites hotel, a private members club, and 23 ultra-luxury residences situated directly on the oceanfront at 3611 Collins Avenue.

Designed by New York-based architect Brandon Haw, the 17-story Casa Cipriani Miami tower will embody timeless elegance and luxury, featuring a signature restaurant and club lounge, a Cipriani Spa, and unobstructed views of the Atlantic Ocean, providing an authentic lifestyle experience that exemplifies the Cipriani brand’s commitment to excellence. Partly inspired by Casa Cipriani New York, Casa Cipriani Miami will elevate the brand's legacy with exclusive residences in addition to the private club and hotel experience. The development will boast curated culinary offerings and refined amenities, making it a landmark destination for Miami. Sales for the residences are expected to launch later this year, followed by an official groundbreaking.

“We are incredibly excited to partner with the Cipriani Family to bring the world-class hospitality brand to Miami Beach, marking its expansion beyond New York City and Milan,” said Joe Cayre of Midtown Equities and Arnaud Karsenti of 13th Floor Investments.

Casa Cipriani Miami’s architectural design will evoke the splendor of the grand 1930s-era Art Deco hotels found along Collins Avenue through a modern interpretation creating a new landmark for Miami Beach. The building will reflect the timeless style of Cipriani, tracing back to the original Harry's Bar established by Giuseppe Cipriani in Venice in 1931.

"Building on the humbling success of our first Casa Cipriani in New York, followed by Milan, we’re excited to partner with 13th Floor Investments to bring our latest hospitality concept to Miami Beach. Miami is an international beloved destination where we already have several projects, and it has become a vibrant center for arts, design, entertainment, and business. We look forward to welcoming a local and international community who appreciates a home to relax in, with great service and privacy in splendid surroundings.”

Since its founding in 2008, 13th Floor Investments has completed nearly 4,000 residential units across South Florida, with a robust pipeline of more than 4,800 units in development and under construction slated to be delivered over the next few years. Today, the firm is focused on the development of luxury residential, mixed-use multifamily, and transit-oriented developments, growing the firm’s industrial portfolio, and expanding its single-family homebuilding business, 13th Floor Homes.

Midtown Equities partnered with Cipriani to develop the first Casa Cipriani in the U.S. in New York City at the Battery Maritime Building in Lower Manhattan. The firm is a privately-held real estate investment and development company that serves as the investment platform for the Cayre Family. Headquartered in New York City, the firm maintains an exceptional portfolio of over 100 properties that encompass more than 14 million square feet in the retail, office, residential, industrial, and hospitality sectors. The firm actively acquires, develops, leases, and manages properties ranging from urban redevelopment projects to commercial centers in New York, Washington, D.C., Miami, Chicago, and Los Angeles as well as abroad.

Images via 13th Floor Investments, Midtown Equities

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

The Shops At Sunset Place In South Miami Sells For $65.5 Million To Alex Vadia's Midtown Equities

Midtown Equities, led by Alex Vadia, has acquired The Shops At Sunset Place for $65.5 million from FRIT Shops at Sunset Place, a joint venture between Federal Realty Investment Trust (NYSE: FRT), Grass River Property and The Comras Company. The 9.7-acre, 524,180 square foot shopping center, which is located at 5701 SW 72nd St., Sunset Drive in South Miami, last traded for $111.5 million in 2015, representing a significant loss for the selling joint venture. The shopping center’s current occupancy is reportedly just below 60%, a significant gap from the reported 83% in March 2020.

The Shops at Sunset Place was initially developed in 1999 and plans have been approved for a major renovation which would include the addition of 414 rental apartments, 182 hotel rooms, reducing the retail component to 440,148 square feet and adding 32,840 square feet of office space. The impact of COVID-19 stalled the development plans when Federal Realty Investment Trust was hit with a $50.7 million net impairment charge in Q3 2020 when its $60.6 million non-recourse CMBS loan matured and was declared in default by the lender.