Construction could start on Palm Springs Residences later this year. The venture requires demolishing a YMCA that will relocate elsewhere in Palm Beach County, Florida. When finished, the development will comprise more than 260,000 square feet of new construction.
Reservations have launched for The Perigon, a 17-story ultra-luxury condominium development set to rise at 5333 Collins Avenue along the stretch between Indian Creek and the Atlantic Ocean on the sands of Miami Beach. Designed by Dutch architect Rem Koolhaas, founder of internationally acclaimed firm OMA New York and developed between Miami-based Mast Capital and Miami Beach-based Starwood Capital Group, The Perigon will become one of the most recognizable buildings in the Mid Beach neighborhood and will feature 82 spacious two- to four-bedroom residences elegantly designed by Tara Bernerd & Partners spanning 2,100 to 6,700 square feet. Landscape architecture firm Gustafson Porter+Bowman will surround the development with lush gardens and serene water features.
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.
