Developers Break Ground On 17-Story ‘The Perigon’ At 5333 Collins Avenue In Miami Beach

Mast Capital and a controlled affiliate of Starwood Capital Group broke ground on The Perigon, a 17-story residential development at 5333 Collins Avenue, noted for its unique position as the only new beachfront condominium project currently under construction in Miami Beach, with completion anticipated for late 2026. Designed by the globally acclaimed architecture firm OMA with ODP Architecture & Design as the architect of record and boasting interiors by Tara Bernerd & Partners, this building will feature 73 private residences. These homes offer expansive views of the Atlantic Ocean, the Miami city skyline, and Biscayne Bay, alongside over 20,000 square feet of unparalleled private amenities and exclusive dining experiences by Michelin-starred Chef Shaun Hergatt. Moss Construction is the general contractor, and Malcolm Drilling is the foundation contractor.

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North Bay Village’s Renaissance: New Developments Usher In An Era Of Dynamic Growth

North Bay Village, nestled between Miami and Miami Beach, is undergoing a significant transformation, evolving from a tranquil island community into a bustling hub of residential and commercial growth. This shift is underscored by the development of over 3,000 new residential units and 1 million square feet of commercial and retail space. Adding to the area’s appeal is the announcement of a new soccer academy and AFA training facility led by Lionel Messi, promising to elevate North Bay Village’s profile.

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Related Group And GTIS Partners Secure $328M Construction Loan From Bank OZK For 75-Story Baccarat Residences Miami

Related Group and GTIS Partners have secured a $328 million construction loan for the Baccarat Residences Miami, a 75-story luxury condominium tower at the gateway of Brickell Avenue. The financing, arranged by Berkadia South Florida, supports the development of the 848-foot-tall skyscraper, which is currently under construction at 99 Southeast 5th Street and is expected to be completed in early 2028. Over 95 percent of the residences have been sold since the launch in late 2021. John Moriarty & Associates is the general contractor.

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