Mast Capital

Brickell’s Tallest Tower, Cipriani Residences Miami, Breaks Ground At 1420 South Miami Avenue

8:00 am on February 26, 2024 By Oscar Nunez

Moss Construction marked a pivotal moment in the transformation of Brickell’s skyline with the groundbreaking of Mast Capital’s Cipriani Residences Miami on February 13. This event heralds the rise of what is set to become Brickell’s tallest edifice, reaching an impressive height of 950 feet above ground level. Designed by the esteemed Arquitectonica with interiors by 1508 London., the development will tower over 1420 South Miami Avenue as an 84-story, nautical-inspired skyscraper. It is slated to house a collection of 397 residences featuring lavish penthouses complete with private pools.

Record-Breaking $600 Million Loan Secured For 80-Story Cipriani Residences Miami Ahead Of Groundbreaking

8:00 am on February 9, 2024 By Oscar Nunez

Mast Capital, a Miami-based real estate developer, is gearing up to begin construction on Cipriani Residences Miami following robust sales activity. The developer has secured a record-breaking construction loan of $600 million from Mexico’s Banco Inbursa and Ascendant Capital Partners, the largest amount ever obtained for a single-tower residential construction in Florida. The considerable loan, consisting of $350 million from Banco Inbursa and $250 million from Ascendant Capital Partners, highlights the strong market confidence in the project, driven by its sought-after design, amenity offering, and prime location in the Brickell neighborhood.

Mast Capital And Rockpoint Mark Topping Off Of 3900 Alton Road In Miami Beach

8:00 am on December 15, 2023 By Oscar Nunez

Mast Capital, in partnership with Rockpoint, has achieved a notable construction milestone by topping off 3900 Alton Road. This nine-story residential building in Miami Beach, designed by the esteemed Arquitectonica with landscape architecture by Within Hults + Partners, adds 178 new units to the city’s housing market, establishing it as a premier location for upscale rental accommodations. Kaufman Lynn Construction, serving as the general contractor, recently showcased a video on LinkedIn celebrating the topping ceremony. JGR Construction, Inc. oversees the structural work, and US American Concrete oversees concrete tasks. Coastal Metal is responsible for metalwork, while AKO Plumbing Corp is the plumbing contractor. Morrow Equipment has two tower cranes at the site. Doka USA provides formwork solutions, and NV5, Inc. handles construction materials testing.

Demolition Work Progresses At 5333 Collins Avenue For The Perigon’s Future Site In Miami Beach

8:00 am on November 22, 2023 By Oscar Nunez

Demolition work continues to progress at the site of The Perigon, a 17-story luxury oceanfront condominium developed jointly by Mast Capital and Starwood Capital Group, located at 5333 Collins Avenue in Miami Beach. Designed by OMA with interior design by Tara Bernerd & Partners, the 213-foot-tall structure will offer 73 ultra-luxury residences, ranging from 2,100 to 6,700 square feet, in addition to eight private guest suites exclusively for residents. Groundbreaking for this project is expected in early 2024; Moss Construction is the general contractor.

Mast Capital Unveils Mixed-Use Redevelopment Plans for Iconic Saddlebrook Resort Property in Tampa

8:00 am on July 16, 2023 By Oscar Nunez

Mast Capital, in collaboration with Amzak Capital, has unveiled an extensive master plan to refurbish the notable Saddlebrook Resort, located in Tampa’s coveted Wesley Chapel district. The revelation arrives over a year after acquiring the 480-acre estate in March 2022, aiming to re-establish its central role in the prosperous community.

Developers Breaks Ground On 18-Acre Multifamily Development in Palm Springs, Florida

8:00 am on April 26, 2023 By Oscar Nunez

South Florida real estate development and investment firm Mast Capital has joined forces with Boston-based Rockpoint and The Spear Group to break ground on an 18-acre multifamily development in Palm Springs, FL. With $42.5 million in construction financing from Santander Bank, the project, located at 2085 S. Congress Ave., will rise on the site of the former YMCA of the Palm Beaches. The development will feature 264 upscale, garden-style apartments across 11 residential buildings.

The Perigon Miami Beach Takes Shape at 5333 Collins Avenue, Miami Beach, Florida

7:00 am on April 15, 2023 By Colt Dodd

The Perigon Miami Beach is an exciting high-rise venture slated for a 2026 completion. The 15-story tower will offer 82 units, ranging from 2,100 square feet to 6,100 square feet each.

178-Unit Residential Project At 3900 Alton Road Set For Completion In Fall 2024

8:00 am on March 15, 2023 By Oscar Nunez

Construction is underway for 3900 Alton Road, a 9-story multifamily development on a 1.87-acre site between Florida State Road 907, the Julia Tuttle Causeway, and the Talmudic College in Miami Beach. Designed by Arquitectonica and developed by a joint venture partnership between Mast Capital and Rockpoint Group, the development will comprise 178 residential units, ranging from studios to three-bedroom, and 269 parking spaces. Kaufman Lynn Construction is the general contractor, and AKO Plumbing Corp is the plumbing contractor.

First Look: Services And Amenities Revealed For OMA’s 17-Story ‘The Perigon’ In Miami Beach

8:00 am on November 11, 2022 By Oscar Nunez

Perfectly positioned on 200 linear feet of pristine oceanfront, The Perigon, a 17-story diamond-shaped building designed by international architecture firm OMA, has released the first look at its hotel-style amenities private to owners, offering an unprecedented level of service and experiences in Miami Beach. Blurring the line between condominium and resort, Tara Bernerd thoughtfully designed inspiring spaces, one of the most sought-after hospitality designers in the world, delivering a palatial lifestyle evocative of a five-star hotel. Bernerd leveraged her decades of experience designing iconic properties from Belgravia to Vienna to create over 20,000 square feet of amenities that provide both exclusivity and an idyllic setting for connection and socializing.

Foundation Permits Filed For Three Skyscrapers At 1420 South Miami Avenue In Brickell, Miami

8:00 am on September 20, 2022 By Oscar Nunez

Foundation permits have been filed for three mixed-use highrises at 1420 South Miami Avenue in Brickell, Miami. Located between Southwest 14th Street and Southwest 14th Terrace with Southwest 1st Avenue on the west and South Miami Avenue on the east, the approximate 2.74-acre development site is located near the southern tip of the Brickell Financial District. It will give rise to three soaring adjoined superstructures of 50, 60, and 80 stories with around 2.72 million square feet of space. The project was designed by Arquitectonica with ArquitectonicaGEO handling landscape architecture and being developed by Mast Capital. Moss & Associates is listed as the contractor for this scope of work.

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