A significant financial boost has been secured for a new luxury development in Miami Beach. A joint venture between 13th Floor Investments and Midtown Equities has successfully obtained a $105 million loan to advance the construction of Casa Cipriani, a high-end condominium and hotel project. This funding is an expansion of an existing loan, signaling strong investor confidence in Miami’s burgeoning luxury real estate sector.
Key Takeaways
- A $105 million loan has been secured for the Casa Cipriani luxury project in Miami Beach.
- The funding comes from BH3 Management and increases an existing loan.
- Casa Cipriani will feature 23 condominiums and 36 hotel rooms, designed with Cipriani’s signature Italian style.
- The project is located in the Mid-Beach neighborhood and is expected to offer extensive amenities and services.
- This development marks the second Cipriani-branded project in the Miami metropolitan area.
Casa Cipriani Development Details
Casa Cipriani is set to rise 19 stories on a 1.1-acre site located between 3621 and 3611 Collins Ave. in the desirable Mid-Beach neighborhood. The joint venture acquired the property, which previously housed two older hotel structures, for $73 million in 2023. Initial plans for Casa Cipriani were revealed in March 2025 and received approval from local authorities in May 2025. Notably, this project was the first in Miami to leverage the Florida Resilient Safe Structures Act, which permits the demolition of existing buildings.
The architectural design, by Brandon Haw Architecture, will encompass 23 luxury condominiums and 36 hotel rooms. The residences are designed to impress, featuring 10-foot ceiling heights, expansive sliding doors, direct elevator access for select units, and custom Italian cabinetry that reflects Cipriani’s renowned aesthetic.
Amenities and Services
Residents and guests at Casa Cipriani can anticipate a wealth of premium amenities. These include a swimming pool, a comprehensive spa center with sauna and treatment rooms, a dedicated resident lounge, a state-of-the-art fitness center, a library, and a children’s playroom. The development will also feature practical additions such as EV charging stations and ample storage rooms. A range of exclusive services will be available, including signature dining experiences curated by Cipriani, full-service catering, and access to a private members’ club.
The project’s location offers convenient access to major transportation routes, with Interstate 195 nearby, facilitating easy travel throughout the Miami metropolitan area. Both downtown Miami and Miami International Airport are approximately 10 miles away.
Miami’s Robust Condo Market
The Miami condominium market continues to demonstrate strong momentum, with numerous projects in various stages of development. Casa Cipriani joins a vibrant pipeline of luxury residential offerings. Another notable project in Miami Beach, developed by Constellation Group, The Boschetti Group, and Vietmar, recently topped out and is slated for completion in early 2027. In Coconut Grove, the Four Seasons Private Residences, a 70-unit development, is also under construction, having secured significant financing.