Mast Capital, a leading Miami-based real estate developer, has initiated a bold project with the groundbreaking of Cipriani Residences Miami. This ambitious venture aims to establish an iconic 80-story condominium tower in Brickell, Miami's vibrant neighborhood. Demonstrating strong market confidence and financial support, Mast Capital has secured a monumental $600 million construction loan from Banco Inbursa and Ascendant Capital Partners.
This groundbreaking financial package sets a new record as the largest for a single-tower residential project in Florida's history. It also reflects the robust investor confidence in the potential and future prosperity of the Cipriani Residences Miami.
Strategically positioned at 1420 South Miami Avenue, this prestigious development will set new benchmarks for upscale living in Brickell, introducing the inaugural ground-up residential project by the esteemed Cipriani brand in the Americas. Boasting 397 residences, the tower promises awe-inspiring vistas of Biscayne Bay, the Brickell skyline, and beyond, establishing itself as a pinnacle of luxury in Miami's rapidly expanding district. Its proximity to Brickell's vibrant hubs, coupled with access to serene, less crowded areas, offers future residents an unparalleled blend of urban convenience and peaceful living environments.
This development's importance is heightened by the caliber of its design and project team. With architectural expertise from the renowned firm Arquitectonica and interior concepts by esteemed designers 1508 London, the Cipriani Residences Miami assures a living space that is not only visually captivating but also exceptionally functional. Under the leadership of Camilo Miguel, CEO of Mast Capital, the vision for this project embodies the epitome of ultra-luxury condominium living. It aims to allure both domestic and international buyers with its sophisticated architecture, innovative design, and unmatched amenities.
The Cipriani Residences Miami goes beyond offering luxury living spaces to provide a complete lifestyle experience. With an array of exclusive amenities planned, such as a private speakeasy and global concierge services, residents are set to indulge in unparalleled luxury. Additionally, the development will offer custom-designed interiors and furniture packages by 1508 London for the prestigious Canaletto Collection penthouses. Priced starting at $17 million, these six penthouses will boast direct elevator access and a limited number of residences per floor, guaranteeing maximum privacy and exclusivity.
Moreover, all residents will have access to a range of amenities, including 24-hour dining services by Cipriani, multiple swimming pools, a state-of-the-art fitness center, a holistic spa, and more. These offerings are set to establish a new standard for luxury living in Miami, ensuring an unparalleled lifestyle experience for all residents.
The financing and development of the project have been meticulously orchestrated, with Mast Capital securing the prime 2.8-acre site in December 2021 for $103 million. This acquisition marked one of the final opportunities for large-scale, high-rise development in the coveted Brickell area. The project's financial arrangements and legal counsel have been expertly managed by industry-leading firms, laying a solid foundation for its success.
Sales and marketing for the Cipriani Residences Miami are exclusively handled by Fortune Development Sales, while construction is managed by Moss & Associates LLC. With these reputable partners in place, the project is poised for its grand unveiling in 2028, offering a transformative addition to Miami's luxury real estate market.
Please contact David Freed, Miami Real Estate Agent, for all of your Brickell and Miami condo sales.
