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New Developments for Sale!

Cashflow In Miami
March 24, 2022

Cipriani Towers Coming in Brickell!

1420 S Miami Ave, Miami, FL 33130

Brickell is getting an 80-story Cipriani Residences condo tower!

Cipriani Residences Miami will be located at 1420 S. Miami Avenue, part of a three-tower project planned by developer Mast Capital.

There will be 397 condos, with amenities such as private elevators and ten-foot ceilings. The Cipriani tower will rise 939 feet above ground. There will also be two other towers in the complex rising 59 and 50 stories, with rental apartments.

Miami’s Urban Development Review Board voted in favor of approving the project at a February meeting. Construction is expected to begin in late 2022. Financing is said to have already been secured.

Arquitectonica is the architect.

5333 Collins Avenue, Miami Beach

The Perigon Miami Beach has been announced !!

Mast Capital and Starwood Capital Group launched sales of The Perigon, a luxury condo development planned for an oceanfront site in Miami Beach.

Coconut Grove-based Mast, led by Camilo Miguel Jr., formed a joint venture with Barry Sternlicht’s Starwood to develop the 17-story, 82-unit building at 5333 Collins Avenue.

An affiliate of Mast Capital bought out the majority of units at the site’s existing La Costa condo building last summer. The city of Miami Beach declared the building unsafe, following the deadly collapse of the Champlain Towers South building in Surfside.

The developer owns 88.5 percent of La Costa’s condos, leaving 14 units that it does not control, a spokesperson for Mast Capital said.  Last summer, the Mast affiliate filed plans for the property, revealing the Rem Koolhaas-designed project. Koolhaas’ OMA New York is the architect and Tara Bernerd is the interior designer.

Mast and Starwood are beginning sales by opening reservations to buyers. Units will range from 2,100 square feet to 6,700 square feet, and from two to four bedrooms.

Units start at $3 million.

The Perigon is expected to include a restaurant, speakeasy-style bar and a conservatory with a breakfast bar, a sunrise lounge and terrace, a pool and hot tub, spa, fitness center and more. The building is expected to be delivered in 2025.

4701 Akai Drive, Southwest Ranches, West Broward

Akai estates launched!

A new single-family home community in Southwest Ranches to appeal to buyers looking for large estates.

AKAI Estates, a 44-acre community in the western Broward County city, will have 16 homes, each on 2-acre lots. Prices start at $7 million. 4701 Akai Drive, which is at the southwest corner of the intersection at Griffin Road and Bonaventure Boulevard.

The homes will range from 7,000 square feet to 15,000 square feet, each with space to include amenities such as putting greens, tennis, pickleball or basketball courts, pools and more. Each lot also allows for a detached guest house. Architect Vasco Vieira, founder of Portugal-based Vasco Vieira Arquitectos, is designing the development.

The partners include architect Jairo Vela, and Amos and Michael Sochaczevski. Amos Sochaczevski is a former toymaker from Canada who now invests in real estate.

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