Mast Capital makes headway at the Federal Aviation Administration (FAA) with two of three planned mixed-use skyscrapers for a 2.6-million-square-foot development at 1420 South Miami Avenue in Brickell, Miami’s Financial District. The 2.76-acre site is generally located within the confines of South Miami Avenue, Southwest 14th Terrace, Southwest 1st Avenue and Southwest 14th Street. World-renown international architecture firm Arquitectonica is the architect, and ArquitectonicaGEO will handle landscaping.
As of March 28, 2022, the two taller structures have been filed with the FAA to top off at 693-feet and 940-feet, or 710-feet and 950-feet above mean sea level. The tallest of this pair is the 80-story Cipriani Residences Miami condo tower, which was just recently launched with 397 luxury units in collaboration with Italian hotel and leisure company Cipriani. The second tower will be a 59-story rental apartment building containing about 425 units or so. The third and final tower will likely be filed on a later date, proposed to rise approximately 604-feet and also contain 425 rental units.
Based off the provided coordinates and the latest renderings, Cipriani Residences Miami will occupy the northeast corner of the city block, sitting directly across from SLS Brickell and fronting the elevated platform of the Metromover near the Financial District Station. The 59-story tower would occupy the southwest corner of the block, oriented towards Simpson Park.
Cipriani Residences Miami is proposed to yield 397 lavish and luxurious condominiums of one-, two-, three- and four-bedroom layouts, and will be paired with adequate amenities and features such as an exclusive private entrance with lush landscaping and elegant porte-cochère, which leads into a tramatic lobby with two banks of high-speed, touchless elevators, a Signature private dining experiences by Cipriani, in-home dining and 24-hour catering services by Cipriani – exclusive to residents, private dining rooms available for reservation – catered by Cipriani, elevated resort deck with two swimming pools, a blissful outdoor spa, poolside cabanas, and a beautifully landscaped sun terrace.
Cipriani Residences Miami Crown. Courtesy of Mast Capital.
Fortune Development Sales will handle sales and marketing. The building has started taking reservations for units priced from $1.1 million. Mast Capital is expected to break ground on the first tower towards the end of the year. Completion is scheduled for the end of 2025.