Perigon Miami Beach

Billionaire Barry Sternlicht's Starwood Capital Group, in collaboration with Mast Capital, has officially broken ground on Perigon Miami Beach, an oceanfront condominium tower poised to redefine luxury living in the area. Situated at 5333 Collins Ave., this 17-story development will feature 73 residences, each offering breathtaking ocean views and expansive terraces.

 

Initially introduced to the market in 2022 with starting prices at $3 million, the demand for Perigon's exclusive residences has soared, with the price floor for available units now at $4.5 million. While details on the number of units sold remain undisclosed, anticipation for this prestigious project continues to grow.

The completion of Perigon is targeted for late 2026, with exclusive amenities such as a private dining establishment and speakeasy helmed by Michelin-starred Chef Shaun Hergatt. Camilo Miguel, Jr., CEO of Mast Capital, expressed confidence in Perigon's ability to set a new standard for luxury living in Miami Beach, emphasizing its sophisticated design and bespoke experiences.

 

With over 20,000 square feet dedicated to amenities including a sunrise lounge, beachfront pool, private beach club, and comprehensive wellness facilities, Perigon aims to offer unparalleled beachfront living. The collaboration between Starwood Capital Group and Mast Capital secured the site by acquiring and demolishing the La Costa condominium, further showcasing their commitment to elevating the Miami Beach skyline.

 

Andrew Coren of Starwood Capital highlighted the significance of beginning construction, anticipating Perigon to become a distinguished landmark. The architectural design, led by OMA New York under the direction of Rem Koolhaas, promises to marry innovation with elegance, while interiors overseen by Tara Bernerd of London ensure a seamless blend of luxury and comfort.