Key Takeaways
- Developers Mast Capital and Starwood Capital Group secured a $390 million construction loan for The Perigon Miami Beach.
- The Perigon Miami Beach began construction in April of the previous year and is set to be completed by 2027.
- The $390 million loan was provided by Eldridge Real Estate Credit.
- The 73-unit luxury condominium, located on 5333 Collins Ave in Miami Beach, features interiors by Tara Bernard and amenities by Michelin-starred chef Shaun Hergatt.
- More than 75% of the units, which start at over $10 million, have been sold.
- 40,000 square feet of amenities will include a private restaurant, swimming pool, spa, fitness center, and more.
- The project highlights the continuous trend of high-end luxury developments financed in South Florida.
The Perigon Miami Beach is set to redefine the skyline of Miami Beach with its ultra-luxury living concept. Developed by Mast Capital and Starwood Capital Group, this 73-unit condominium project is a cornerstone in the evolving narrative of South Florida’s high-end real estate market.
Financing the Future of Luxury
Securing an impressive $390 million construction loan from Eldridge Real Estate Credit, The Perigon represents a significant investment in Miami Beach’s real estate future. This loan will ensure the ambitious project is brought to fruition by 2027, and it underscores confidence in the region’s booming luxury market.
A New Standard in Condominium Features
Prime Location with Stunning Views
Situated at 5333 Collins Ave in the heart of Miami Beach, The Perigon offers residents unobstructed beachfront views, providing a rare combination of luxury living with the tranquility of oceanfront locales.
Architectural and Interior Excellence
Designed by the acclaimed architect OMA, The Perigon’s architectural appeal is complemented by the interior design expertise of Tara Bernard. This dual approach ensures that every inch of the property radiates sophistication and elegance.
World-Class Amenities
The Perigon promises to deliver a comprehensive suite of amenities, totaling 40,000 square feet of indoor and outdoor luxuries:
- Private Oceanfront Restaurant and Speakeasy: Michelin-starred chef Shaun Hergatt curates an elegant dining experience unique to The Perigon.
- Outdoor and Indoor Leisure: A state-of-the-art fitness center, a serene spa, and an oceanfront swimming pool cater to residents’ wellness needs.
- Entertainment and Social Spaces: A private salon, children’s playroom, screening room, wine room, and a lavish double-height lobby lounge offer varied options for leisure and socializing.
Market Position and Sales Success
The enthusiasm for high-end real estate in South Florida is visible in the sales of The Perigon, with over 75% of its units already secured. Starting at a price point of over $10 million, these residences are a clear testament to the demand for luxury living spaces.
The Trend of High-End Development in South Florida
Increasing construction of luxury condos points to a robust trend in the region’s real estate market. The Perigon Miami Beach stands as a testament to this trend, serving as a lucrative investment opportunity and a vision of the lifestyle that defines modern luxury.
The Perigon Miami Beach isn’t just another condominium project; it’s a statement of what high-end living epitomizes in today’s world. With its strategic location, exquisite amenities, and a prestigious developer’s backing, it promises to be a pivotal part of Miami Beach’s luxury landscape for years to come.
Luxury Reimagined
Miami Beach continues to set the standard for luxury living, and The Perigon is the latest gem redefining opulence in South Florida. At POCKETLISTING, we specialize in connecting discerning buyers with exclusive properties like The Perigon, offering unparalleled luxury and sophistication.
Whether you’re seeking a beachfront sanctuary or a prime investment opportunity, our team provides expert guidance to match your vision. Explore The Perigon and other premier properties in Miami Beach by visiting pocketlisting.io. Your dream of luxury living starts here!
