Cipriani Residences Miami is a new luxury venture featuring three high-rise buildings, measuring 80, 59, and 50 stories above grade. The tallest tower (called “the Cipriani Tower”) measures 939 feet tall.
Mast Capital has officially filed plans with Miami’s Urban Development Review Board for 1420 South Miami Avenue, a three-towered mixed-use development proposed to be constructed at the former site of Capital at Brickell. The property is bound by South Miami Avenue on the East, Southwest 14th Terrace on the South, Southwest 1st Avenue on the West, and Southwest 14th Street on the North, across the street from SLS Brickell, Infinity at Brickell and One Broadway. The development is comprised of 2,727,765 square feet of new construction including 1,255 residential units, 18,969 square feet of commercial space and 1,646 parking spaces. The three towers will rise approximately 604-feet, 691-feet, and 939-feet across 50, 59, and 80 stories. Arquitectonica is listed as the design architect with ArquitectonicaGEO as the landscape architect.
Miami-based real estate developer Mast Capital, led by founder and CEO Camilo Miguel Jr., has partnered with Boston-based global real estate investment firm AEW Capital Management to launch Phase 2 of Waterline Miami River, an 6.31-acre residential development designed by Coral Gables-based Corwil Architects and located at 1001 Northwest 7th Street in East Little Havana, Miami. The second phase will rise 8-stories and bring the full development to a combined 688 apartment units, adding in 342 rental units on the remaining 2.7-acre development site with over 400 feet of unobstructed water frontage along the Miami River. The joint venture has secured financing from Wells Fargo for the project’s construction set to begin in January 2022.
Miami-based developer Mast Capital has acquired the 2.8-acre vacant development site addressed as 1420 South Miami Avenue for $103 million from Rega Center Miami Holdings. The site is located on the southern edge of the Brickell Central Business District and represents one of the last remaining raw parcels of land available zoned for rapid transit-oriented high-density development in the area. The developer submitted site plans for a massive master-planned project yielding 2.6 million square feet across three soaring towers, including an 80-story luxury condominium tower with 400 residences, and two multifamily towers of 50 and 60 stories with a combined total of 850 luxury apartments. Mast Capital partnered with private equity real estate firm Rockpoint for the acquisition, the third joint venture between the two firms this year.
A 17-story condominium tower planned for 5333 Collins Avenue has been resubmitted to the Design Review Board of Miami Beach in response to comments made on the last review of the design proposal back in October. Designed by OMA New York with ODP Architecture & Design as the architect of record, the 213-foot-tall structure has been slightly scaled down in mass and received several refinements on the exterior. The project is being developed by 5333 Collins Acquisitions LLC, an entity owned by real estate developer Mast Capital, and is expected to yield 100 residential units, 183 parking spaces, and over 25,000 square feet of amenities.
