FAENA Residences Miami Unveils New Interior Renderings

Faena Residences Miami Lobby

Faena Residences Miami juice bar

FAENA Residences Miami has officially revealed interior photos, showcasing a bold new vision for ultra-luxury living along the Miami River. With sales slated to launch later this summer, starting at $1.3 million, the development introduces a refined blend of architectural innovation, cultural immersion, and world-class amenities designed to reimagine the city’s riverfront landscape. Spearheaded by Fortune International Group and KAR Properties, the project is located at 90 SW 3rd Street and signals a new chapter for the Faena brand—this time on the mainland.

Rising as twin 60-story towers, FAENA Residences Miami will deliver 434 condominiums ranging in size from 700 to 3,300 square feet, with future premium offerings expected to reach $10 million. Residents will also have access to 45,000 square feet of integrated cultural and wellness spaces housed within an iconic sky bridge connecting the two towers—offering performance venues, art installations, and immersive wellness experiences that align with Miami’s broader vision of a walkable, vibrant urban core.

The architecture, designed by the late Rafael Viñoly, reflects his sculptural sensibilities and honors his legacy with a striking presence on the city’s evolving skyline. Interior spaces are curated by Faena Design Studio in collaboration with Bryan O’Sullivan Studio, featuring a rich palette of textures, muted reds, and dramatic accents that channel Faena’s theatrical elegance while creating a sanctuary of sophistication for discerning buyers.

As part of the broader Faena District Miami River, the development will integrate high-end residences with curated public spaces, wellness offerings, and art-centric programming—continuing the legacy established in Miami Beach and reinforcing the brand’s role in shaping Miami’s cultural identity. With over $25 billion of nearby real estate investment and 10,000 residential units in the pipeline, FAENA Residences Miami is poised to anchor a transformative new district on the river.

Sales are expected to open by the end of the month, positioning FAENA Residences as one of the most anticipated luxury launches of the year—and a defining force in Miami’s future.

Faena Residences Miami cathedral

Faena Residences Miami cathedral lounge

Faena Residences Miami cathedral reception

Faena Residences Miami Bloom Bar

Faena Residences Miami porte-cochere

Faena Beach

Faena Residences Miami beach pergola

Faena Residences Miami pistil

Faena Residences Miami pool and juice bar

Mast Capital and Starwood Capital Group Secure $390 Million Construction Loan for The Perigon Miami Beach

The Perigon Miami Beach Balcony

Rendering of Perigon Miami Beach EntranceIn a monumental achievement for Miami Beach real estate, Mast Capital and Starwood Capital Group have successfully closed a $390 million construction loan for The Perigon Miami Beach. This milestone marks a critical step in the development of this ultra-luxury condominium, set to redefine refined beachfront living.

Construction for The Perigon Miami Beach began in April 2024, with completion anticipated in 2027. This iconic project is a collaboration between Miami-based real estate development group Mast Capital and a controlled affiliate of Starwood Capital Group, a globally renowned private investment firm led by Barry Sternlicht. General contractor Moss Construction is spearheading the project, ensuring the highest standards of craftsmanship and quality.

The Perigon is set to become a landmark of architectural excellence and sophistication, boasting world-class amenities, breathtaking design, and a prestigious beachfront location. With over 75% of residences already sold, it’s clear that this development has captured the market’s attention.

The $390 million construction loan is one of the largest secured in Miami Beach over the past year. Provided by Eldridge Real Estate Credit, a leading investor in real estate credit opportunities, the financing highlights the market confidence in The Perigon’s vision and appeal.

Designed by the internationally acclaimed architectural firm OMA, led by visionary architect Rem Koolhaas, The Perigon will be the first Miami Beach residential project from the firm. The striking diamond-shaped tower will feature 73 two- to four-bedroom residences ranging from 2,100 to 6,700 square feet, all offering sweeping beachfront views. Prices start at just over $10 million.

Renowned interior designer Tara Bernerd has meticulously crafted the residences with the finest finishes, including expansive 10-foot ceilings, 10- to 12-foot-deep wraparound balconies, and direct water views. Residents will also have access to eight private guest suites, adding an exclusive touch to their lifestyle.

The Perigon Miami Beach will offer approximately 40,000 square feet of thoughtfully curated indoor and outdoor amenities. Highlights include:

  • A private oceanfront restaurant and speakeasy conceptualized by Michelin-starred chef Shaun Hergatt.
  • An oceanfront swimming pool with cabanas, a serene spa with sauna and treatment rooms, and a private salon.
  • A fully equipped fitness center with panoramic ocean views, a children’s playroom, and a screening room.
  • Additional amenities such as a wine room, double-height lobby lounge, and a dedicated lifestyle concierge and residential butler service.

Residents will also enjoy 24-hour security, valet, house car service, pool and beach service, and in-residence dining, ensuring an unmatched level of luxury and convenience.

Located at 5333 Collins Avenue in Miami Beach’s exclusive Mid-Beach neighborhood, The Perigon is nestled along a tranquil stretch of sand between Indian Creek and the Atlantic Ocean. With expansive beachfront acreage and an emphasis on privacy, this development offers a lifestyle experience that is both rare and highly coveted.

The Perigon Miami Beach represents the pinnacle of modern luxury living. With its world-class design, exclusive amenities, and breathtaking location, this development is poised to become a defining icon in Miami Beach real estate.