The Perigon Miami Beach boasts 17 stories and 73 exclusive residences
Miami Beach Welcomes New Luxury Condo Development: The Perigon
Construction Begins on Starwood Capital Group and Mast Capital's Oceanfront Masterpiece
Miami Beach is set to gain a new crown jewel with the groundbreaking of The Perigon, a 17-story luxury condo tower spearheaded by a collaboration between Starwood Capital Group, led by billionaire Barry Sternlicht, and Mast Capital. Rising on the shores of Miami Beach at 5333 Collins Ave, The Perigon promises unparalleled beachfront living with 73 expansive residences.
These havens of luxury range from 2,100 to 6,700 square feet, each boasting breathtaking ocean views and sprawling terraces. While initial prices started at $3 million in 2022, the current floor price for available units sits at a cool $4.5 million. While the number of sold units remains under wraps, the project's completion is slated for late 2026.
An Unmatched Blend of Luxury and Bespoke Experiences
The Perigon goes beyond stunning residences, offering exclusive amenities that redefine luxury living. Residents can indulge in a private dining experience and speakeasy curated by Michelin-starred Chef Shaun Hergatt. As Camilo Miguel, Jr., CEO of Mast Capital, emphasizes, The Perigon is designed to be the pinnacle of Miami Beach living, offering a unique blend of sophisticated design and bespoke experiences.
Over 20,000 Square Feet of Unmatched Amenities
The Perigon raises the bar for luxury beachfront living with over 20,000 square feet dedicated to world-class amenities. Imagine basking in the sunrise at a dedicated lounge, unwinding by the beachfront pool, or indulging at the private beach club. Comprehensive wellness facilities round out this impressive offering. This ambitious project represents the shared vision of Miami Beach's Starwood Capital and Miami's Mast Capital, who transformed the site by acquiring and demolishing the La Costa condominium.
A Distinguished Landmark on the Rise
Andrew Coren of Starwood Capital highlights the significance of construction commencing, with anticipation of The Perigon becoming a landmark on the Miami Beach skyline. The architectural vision comes courtesy of OMA New York under the direction of Rem Koolhaas, with renowned designer Tara Bernerd of London crafting the interiors, and Douglas Elliman overseeing sales.
The Perigon stands as a testament to South Florida's booming high-end condo market, catering to affluent buyers seeking residences exceeding $1 million. This trend reflects the region's ever-increasing allure for wealthy newcomers.
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With over two decades of expertise in representing developments, our seasoned team is familiar with both developers and contracts. We are adept at negotiating the most advantageous deals.
Contact us at +1 (786) 853-8484, or at [email protected], for pre-sales.