Mast Capital Secures Record $600 Million Loan for Cipriani Residences Miami
Miami’s real estate landscape is set to be transformed with the announcement that Mast Capital has secured a staggering construction loan of $600 million for the iconic Cipriani Residences Miami project. This historic achievement not only marks a significant milestone in Florida’s real estate history but also signals a new era of luxury living in the heart of Miami’s Brickell neighborhood.
The Financing Breakdown
Mast Capital, a prominent Miami-based developer, has successfully secured this monumental construction loan from Banco Inbursa, based in Mexico, and Ascendant Capital Partners, contributing $350 million and $250 million to the project. This collaboration has not only highlighted the confidence that these financial institutions have in the project but also underscores the rising demand for ultra-luxury residences in Miami’s thriving Brickell Financial District.
A Transformative Development in Brickell
Situated on the southern edge of Brickell’s bustling business district, Cipriani Residences Miami promises to redefine luxury living in this vibrant neighborhood. This groundbreaking project is the first-ever ground-up residence for the renowned Cipriani brand in the Americas. The highlight of this development is an 80-story luxury condominium tower boasting 397 residences, each offering breathtaking views of Biscayne Bay, the Brickell skyline, and Coconut Grove.
One of the project’s unique advantages is its strategic location, providing easy access to all Brickell destinations while benefiting from lower traffic density due to its proximity to the less congested southern areas of Brickell.
Developer’s Vision
Camilo Miguel, CEO of Mast Capital, expressed his excitement about the project, stating, “The unprecedented financing we have secured for this transformative development anchored in Brickell is a testament to the demand for an ultra-luxury condominium product in this neighborhood. We have assembled the highest caliber of architecture and design to execute this project and further solidify the position of Miami’s Brickell Financial District as a business and residential community.”
With the ongoing influx of new residents to Miami, driven by its cosmopolitan lifestyle, warm climate, and favorable tax environment, the demand for high-end residential properties like Cipriani Residences Miami is expected to continue its rapid growth.
Mast Capital’s Acquisition and Design
Mast Capital acquired the 2.8-acre site at 1420 S Miami Ave. for $103 million in December 2021, securing one of the last raw land parcels in Brickell capable of supporting such a large-scale, high-rise development. The condominium tower boasts a signature design by Bernardo Fort-Brescia of the renowned architecture firm Arquitectonica, as well as interiors crafted by the world-famous design firm 1508 London.
Luxurious Living at Cipriani Residences Miami
Starting at $1.7 million, Cipriani Residences Miami offers one- to four-bedroom residences ranging from 1,123 to 3,495 square feet, along with penthouses featuring private pools, with completion set for 2028. The Canaletto Collection, comprising six penthouses starting at $17 million, provides an even more exclusive experience, with private access to the tower’s speakeasy, dining spaces, and global concierge services.
Residents will have access to a wide range of amenities, including around-the-clock dining services by Cipriani, multiple swimming pools, a golf simulator, a pickleball court, a screening room, a library, a salon, a private dog park, a children’s playroom, and various à la carte services for a truly luxurious lifestyle.
Cipriani Residences Miami is poised to elevate luxury living in Brickell to unprecedented heights, and its development is sure to be closely watched by the real estate industry and luxury lifestyle enthusiasts worldwide. As the project takes shape and the Miami skyline continues to evolve, it’s evident that this prestigious development will play a pivotal role in shaping the city’s future. Stay tuned for updates on this monumental project as it progresses towards completion in 2028.
600 Miami Worldcenter Sells Out Before Groundbeaking
Miami’s skyline is poised for a dramatic transformation with the upcoming groundbreaking of the 32-story tower at Miami Worldcenter. This highly anticipated development, spearheaded by Merrimac Ventures and Aria Development Group, has already made waves in the real estate market by preselling all its units. With a robust $95 million construction loan secured from Banco Inbursa, the project dubbed 600 Miami Worldcenter is on track to redefine luxury living in downtown Miami.
The 600 Miami Worldcenter project represents a significant milestone in urban development, blending luxury living with the convenience of downtown accessibility. Nitin Motwani, Managing Partner of Merrimac Ventures, shared his enthusiasm for the project, stating, “600 Miami Worldcenter has been one of our most anticipated and fastest-selling developments, which was appealing for our lenders at Banco Inbursa.” This sentiment underscores the project’s appeal not only to potential residents but also to financial partners who see the value in investing in Miami’s future.
The allure of 600 Miami Worldcenter has reached international proportions, attracting buyers from the U.S., Colombia, Turkey, and Argentina. This diverse buyer profile highlights Miami’s global appeal as a destination for luxury living and investment. The tower’s units, which are being delivered fully finished and furnished, cater to a modern lifestyle that values convenience, quality, and flexibility. Furthermore, the allowance for short-term rentals opens up opportunities for owners to generate income, making it an attractive proposition for investors and residents alike.
600 Miami Worldcenter is not alone in its success or its offerings. The neighborhood is witnessing a surge in developments that allow short-term rentals, a trend that speaks to the evolving demands of the real estate market. Nearby towers such as The Crosby Miami Worldcenter, with 450 condos, and 501 First, boasting 476 condos, have also sold out. These developments, situated within proximity to 600 Miami Worldcenter, underscore the area’s desirability and the growing trend towards flexible living arrangements in urban centers.
With groundbreaking on the horizon and completion expected in 2026, 600 Miami Worldcenter is set to become a landmark in Miami’s bustling downtown area. This project not only signifies a leap forward in urban living but also marks a significant investment in the city’s future. As Miami continues to attract attention on the global stage, developments like 600 Miami Worldcenter play a crucial role in shaping the city’s identity as a hub for luxury, innovation, and cosmopolitan living.
The 5050 Residences: Miami-Dade’s Expanding Housing Development
Miami-Dade County is witnessing a significant transformation in its housing landscape with the expansion of the 5050 Residences. Originally conceived in 2020 as a modest four-story building with 40 one-bedroom apartments, each spanning approximately 800 square feet, this development has now leaped in scale and ambition.
In response to the escalating demand for housing in the region, the 5050 Residences have undergone a substantial revision in their plans. The development now boasts an eight-story structure, offering a total of 82 residences. This expansion not only increases the number of available units but also diversifies the types of living spaces. The revised layout plans range from efficient studios to spacious two-bedroom residences, with sizes varying from 430 to 1,067 square feet.
However, the expansion of the 5050 Residences isn’t just about adding more residences. The project, visualized by SD Collaborative, has also seen adjustments in other aspects. Originally, the proposal included 1,983 square feet of ground-floor retail space and provision for 23 parking spots. The latest plans have scaled down the commercial space to 1,151 square feet, a reduction of nearly 42%. Additionally, the number of parking spots has been reduced to 17, indicating that tenants at the 5050 Residences will not have guaranteed parking spaces.
Set to potentially commence construction in 2025, the 5050 Residences are strategically located at 5050 N.W. 22nd Avenue, Miami, FL, 33142. This location places the development in a prime area within Miami-Dade County. The project is a venture of RE Opportunity Fund LLC, which acquired the 0.38-acre site for $350,000 in 2018. As of now, the site remains vacant, poised for its transformation into a vibrant residential community.
The 5050 Residences represent a dynamic shift in Miami-Dade’s approach to urban living and housing development. By doubling the number of residences and revising the layout and amenities, this project is set to cater to the growing demand for diverse and flexible living spaces in the region. As Miami-Dade County continues to evolve, developments like the 5050 Residences are crucial in shaping its residential landscape.
Welcome to the Future of Luxury Living: Bentley Residences Miami
In the heart of Sunny Isles Beach, a new era of luxury living is emerging. Bentley Residences Miami, the world’s first building of its kind, is set to redefine opulence in South Florida. Known as the new ‘billionaire bunker,’ this architectural marvel is not just a residence; it’s a statement of unparalleled luxury and innovation.
Craftsmanship Meets Luxury
Bentley Residences Miami is a testament to the extraordinary craftsmanship synonymous with its name. The property boasts Bentley Home hand-crafted furniture pieces, designed in Italy, ensuring that every corner of your home reflects elegance and sophistication.
Amenities That Redefine Opulence
The building is not just about luxury living; it’s about creating an experience that makes you never want to leave your sky-high haven. Here are some of the top amenities that set Bentley Residences Miami apart in the South Florida real estate market:
Exclusive Resident-Only Restaurant by Todd English: Indulge in culinary delights at the private restaurant, located on the lobby level. With stunning ocean views and a resort-style pool, enjoy breakfast, lunch, and dinner, or opt for poolside dining.
The ‘Dezervator’: Experience the future with the patented car elevator, transporting up to 4 cars directly to your sky mansion.
In-Unit Multi-Car Garage: Each residence features three or four in-level parking spaces, ensuring your prized vehicles are always close at hand.
Macallan Whisky Bar: A sophisticated space for the connoisseurs of fine whisky.
Curated Amenities for Every Desire:
Oceanfront Beauty Salon offers hair, pedicure, and manicure services.
Game Room with golf and racing simulators and virtual reality stations.
Transformative Wellness Spa with outdoor relaxation areas.
Expansive Revitalization Spa with treatment rooms for individuals and couples.
Dedicated Pet Spa for your furry friends.
Master Bathroom with private saunas, heated floors, and towel warmers.
In-Unit Outdoor Living Area: Off the master bedroom, enjoy up to 2000 sq. ft. of terrace space, featuring:
Individual Balcony Outdoor Infinity Pool with breathtaking views.
Outdoor Shower and Full-service Outdoor Kitchen.
Beach Club – an exclusive club for Bentley owners.
Additional Luxuries:
Cigar Lounge for the aficionados.
Diamond-Shaped Glass Panels on the façade, creating perfect natural light refraction.
Smart Climate Controls with digital thermostats for personalized comfort.
Bentley Residences Miami is not just a building; it’s a lifestyle. It’s where luxury meets innovation, where every detail is crafted for the extraordinary. For those who seek the pinnacle of luxury living, Bentley Residences Miami is the ultimate destination. Welcome to your home in the sky, where every day is an experience in unparalleled luxury.
Discover the Future of Urban Living at The Standard Residences, Midtown Miami
Welcome to the future of urban living! The Standard Residences in Midtown Miami, a highly anticipated boutique building, is making significant strides in its construction. With 90% of its units already pre-sold, this development is a testament to the allure of modern living in one of Miami’s most vibrant neighborhoods.
Nestled at 3100 Northeast 1st Avenue, The Standard Residences stands proudly in the heart of Midtown Miami, a neighborhood celebrated for its exceptional connectivity and walkability. This strategic location places residents between the artistic hubs of The Design District and Wynwood. Adding to the convenience, the development is directly opposite the newly opened Trader Joe’s and The Shops at Midtown, offering a plethora of food, beverage, and retail options right at your doorstep.
The project is a collaborative effort between Rosso Development, Standard International, and Midtown Development. These industry leaders have joined forces with top professionals to bring this vision to life. The architecture, crafted by the globally renowned Arquitectonica, is complemented by interior designs from Urban Robot and The Standard’s in-house team, and landscaping by Naturalficial. The master permit, a significant milestone, was issued recently, marking a pivotal moment in the project’s timeline.
The Standard Residences is not just a place to live; it’s a lifestyle. The residences range from cozy studios to spacious two-bedroom layouts, each designed with a blend of style and functionality. Features include light wood plank tile flooring, gourmet kitchens with Italian cabinetry and Bosch appliances, and luxurious bathrooms. The concept of flexible living is at the forefront, allowing owners to lease their units for short terms.
The development is designed with a focus on community and social engagement. Amenities include a grand lobby, café, outdoor terrace, and a rooftop that boasts a 60-foot sunset pool, a signature restaurant, and a bar. Health and wellness are catered for with an indoor pickleball court, a state-of-the-art fitness center, an infrared sauna, and yoga studios. The social floor offers a karaoke bar, screening room, co-working spaces, and more.
With completion expected by the end of 2024, The Standard Residences, Midtown Miami, is a beacon of modern urban living. Limited units are still available, exclusively marketed by Douglas Elliman Development Marketing. Don’t miss your chance to be a part of this extraordinary community. Visit our website [insert website link] for more information and to become a part of Miami’s most exciting new development.
Key International and Sterling Bay Partner to Develop Innovative Office Tower in Miami’s Brickell Neighborhood
In a move set to redefine the workplace experience in Miami’s bustling Brickell neighborhood, Key International has announced its partnership with Sterling Bay, a renowned real estate development firm. Led by Diego and Inigo Ardid, Key International is set to join forces with Sterling Bay to develop the impressive 848 Brickell project. This 761-foot-tall Class A creative office and retail tower, located at the heart of Miami’s Financial District, promises to be a game-changer in the city’s commercial landscape.
Sterling Bay, known for its innovative approach to creating world-class office spaces, has an illustrious track record. The firm has consistently redefined the workplace experience through innovative design, amenities, and functionality. Sterling Bay’s portfolio boasts an impressive lineup of globally recognized tenants, including tech giant Google, fast-food giant McDonald’s, Dyson, WPP, Boston Consulting Group, and law firm Greenberg Traurig. With a pipeline of $20 billion in transformative urban campuses, Sterling Bay has reshaped entire communities and transformed how people perceive and engage with office spaces.
With over two decades of experience, Sterling Bay has partnered with global architecture and design leaders to create work environments that foster productivity, collaboration, and employee well-being. In 2019, Sterling Bay marked its entry into the Miami market with the completion of 545wyn, the first-ever Class A office building in Wynwood. This development triggered a commercial boom in Wynwood, attracting major tenants like Sony Music, PwC, MIAX, Gensler, and Slalom.
As Miami establishes itself as the nation’s new epicenter for commercial growth, Brickell has emerged as the hottest submarket for commercial office development. Sterling Bay’s CEO, Andy Gloor, acknowledges Brickell’s pivotal role in Miami’s business landscape. He anticipates that 848 Brickell will set new standards, seamlessly blending the Miami lifestyle with the workplace needs of its tenants.
Upon completion, 848 Brickell will offer over 750,000 square feet of Class-A office space, complemented by a curated ground-floor retail space spanning 7,500 square feet. The development will also feature on-site parking facilities capable of accommodating over 1,000 vehicles.
Designed by the globally renowned Skidmore, Owings, & Merrill (SOM), 848 Brickell will cater to the evolving needs of modern businesses and professionals. The tower will feature hospitality-inspired workplace amenities, including tech-enabled conference facilities, a luxury fitness center, and an expansive outdoor terrace. Lifestyle amenities like padel tennis courts and private open-air lounges will ensure that tenants enjoy a vibrant work-life balance. Moreover, the prime location offers breathtaking ocean and Brickell Avenue views and provides easy access to the neighborhood’s top dining, retail, and entertainment destinations.
The partnership between Key International and Sterling Bay to develop 848 Brickell is set to redefine Miami’s commercial landscape. With a focus on innovation, amenities, and functionality, this project promises to deliver the next generation of modern workspaces in South Florida. As Miami’s commercial epicenter, Brickell continues to evolve, and 848 Brickell is positioned to be a beacon of excellence that sets the bar higher for workplace environments in the city.
Groundbreaking Ceremony Marks the Rise of One Park Tower At SoLé Mia
In a significant milestone for luxury real estate, developer Turnberry recently hosted a groundbreaking ceremony for the much-anticipated One Park Tower At SoLé Mia. This 33-story architectural marvel is poised to redefine upscale living, offering 299 meticulously designed residential condo units.
The excitement surrounding One Park Tower is palpable, with demand for these exclusive residences already surpassing expectations. Remarkably, over 50% of the units have been sold, signaling a strong market reception and a testament to the project’s allure.
One Park Tower’s unique selling point is its location in front of Laguna Solé, a stunning crystal-clear swimmable lagoon equivalent to the size of 21 Olympic-sized pools. This aquatic paradise promises a beachfront lifestyle right at the residents’ doorstep, complete with umbrellas and beach chairs for an unrivaled leisure experience.
Strategically situated within walking distance in the vibrant SoLé Mia community, residents of One Park Tower will enjoy easy access to a plethora of amenities. These include a Mater Academy charter school, the expansive 363,000 sq. ft. Uhealth Medical Center, the exclusive Reserve Padel Club, and a variety of restaurants, retail outlets, parks, and more, ensuring a lifestyle of convenience and luxury.
The architectural brilliance of One Park Tower is the brainchild of Arquitectonica, a renowned name in the world of design. Complementing this architectural excellence, the interior design by Meyer Davis promises to encapsulate luxury and elegance, setting a new standard in high-end living.
With an anticipated completion date in Summer 2026, One Park Tower At SoLé Mia is not just a development; it’s a promise of a luxurious future. This project is more than just a residence – it’s a destination for those who seek the finest in life.
Stay tuned as we continue to follow the journey of One Park Tower, a beacon of modern luxury and a testament to visionary living.
Introducing the $12 Million Penthouse at Indian Creek Residences & Yacht Club
In the heart of Miami’s Bay Harbor Islands, an ultra-luxury boutique development known as Indian Creek Residences & Yacht Club is making waves in the real estate world. And at the center of this remarkable development, Penthouse 1 has shattered records before it was even publicly listed, setting new benchmarks for luxury living in the area.
Penthouse 1 at Indian Creek Residences & Yacht Club boasts a jaw-dropping asking price of $12 million, making it an unparalleled gem in the world of luxury real estate. What truly sets this penthouse apart is not just its price tag but the sheer extravagance it offers in return. This penthouse has redefined luxury living, not only for Bay Harbor Islands but for Miami as a whole.
The penthouse’s sale has rewritten the record books in terms of both total sale price and price per square foot for Bay Harbor Islands. To put it in perspective, the previous record for a condo sale on these islands was $3.325 million, a record that stood since 2014. Penthouse 1’s astonishing sale price illustrates the area’s evolution into a premier destination for luxury real estate.
One of the penthouse’s most captivating features is its breathtaking view of the exclusive Indian Creek Island, often referred to as the “Billionaire’s Bunker.” This island enclave is home to some of the world’s wealthiest individuals, including the likes of Jeff Bezos, Tom Brady, and Ivanka Trump. Penthouse 1 not only provides a front-row seat to this world of opulence but also immerses you in it.
Spanning an expansive 5,293 square feet, Penthouse 1 offers a full-floor living experience like no other. With 75 feet of unobstructed waterfront views, a private terrace, and a wine wall feature, this penthouse epitomizes the pinnacle of luxury living. Residents also enjoy access to a remarkable array of amenities, including one of the area’s exclusive private yacht clubs, a rooftop pool, spa, fitness center, outdoor screening lounge, and much more.
The sale of Penthouse 1 comes less than three months after Indian Creek Residences & Yacht Club initiated sales, underscoring the robust demand for luxury new developments in Bay Harbor Islands. The area has seen remarkable growth, with the average closed price increasing by 117% since 2019 and the average closed price-per-square-foot rising by 85%. Bay Harbor Islands are rapidly becoming a sought-after luxury destination in Miami, offering a sense of community and neighborhood charm.
Behind this masterpiece of a development is Landau Properties, a New York City and Miami-based developer led by Jonathan Landau. Indian Creek Residences & Yacht Club comprises nine luxurious condominium homes and six coveted yacht slips, making it one of the few places to experience a private yacht club in the area.
Architect Kobi Karp, a prominent figure in Miami’s architectural scene, has designed the eight-story waterfront development. With interiors by Linda Zarifi of Zarifi Design, this project represents Zarifi’s first ground-up condo venture in Miami. The building’s design takes inspiration from Bay Harbor’s mid-century modern architecture, featuring curved edges, natural materials, and sculptural details that seamlessly blend with the lush tropical landscaping by Enea Garden Design, creating a resort-like atmosphere.
Apart from its elegant homes, Indian Creek Residences & Yacht Club offers an array of resort-style amenities. The owners’ yacht club and private marina, complete with dockmaster concierge services, outdoor lounges, and a bar, provide the ultimate yachting experience. Residents can also indulge in a world-class spa, a state-of-the-art fitness center, an outdoor yoga lawn, and various entertainment spaces, including The Parlour and a 2,600-square-foot landscaped rooftop terrace with a pool, private dining area, outdoor kitchen, and bar.
New Residential Tower Coming to Miami’s Health District
The Miami Health District is about to undergo a remarkable transformation with the ongoing construction permitting for an impressive residential tower. This exciting development, spearheaded by Congress Group in partnership with Peakhill Equity TS, Inc., promises to redefine urban living in the heart of the city. With its prime location, state-of-the-art features, and a commitment to sustainability, this project is poised to make waves in the Miami real estate scene.
The journey of this ambitious project began when the construction permit was filed in October 2023. Since then, it has undergone rigorous scrutiny and improvements. As of January 4, it has entered its second cycle of review, ensuring that every detail is meticulously examined to meet the highest standards.
One of the most exciting aspects of this development is the inclusion of 380 residential units.
The estimated hard construction cost for this project stands at an impressive $100,585,738, highlighting the substantial investment being made to bring this vision to life.
Moss & Associates, a renowned name in the construction industry, is listed as the contractor for this project.
In December 2022, the project was submitted for review by the Urban Development Review Board (UDRB). The UDRB filing revealed that the development will also feature an eight-level garage with a generous 590 parking spaces. This addition addresses the practical needs of residents and visitors alike, enhancing the overall convenience of the property.
Congress Group, in collaboration with Peakhill Equity TS, Inc., acquired the property in 2023. Their vision for this project demonstrates a deep understanding of Miami’s evolving real estate landscape and a commitment to creating a thriving community within the Health District.
The convenience of urban living is further enhanced by the tower’s location, as the Civic Center Metrorail station is a mere five-minute walk away. This easy access to public transportation connects residents to the entire city, making it an ideal choice for those seeking a dynamic and connected lifestyle.
Anticipation is building as the completion of this remarkable residential tower is planned for 2027. In just a few short years, residents and the Miami community as a whole will witness the grand unveiling of a modern urban oasis.
