The Perigon Miami Beach: A New Era of Luxurious Living
Just over a year following its ceremonial groundbreaking, after diligent site preparation by Mast Capital, The Perigon Miami Beach is making significant strides toward its anticipated 2027 launch. Situated at 5333 Collins Avenue, this landmark development promises 73 ultra-luxury residences along the stunning Miami Beach coastline.
Solid Financial Foundation
In a notable move during the project’s development phase, Mast Capital secured a $390 million construction loan from Eldridge Real Estate Credit. This financing not only supports ongoing work but serves as a strong indicator of The Perigon’s anticipated success. Construction loans of this magnitude are often hard to come by, typically reserved for projects showing exceptional viability.
Factors Influencing Successful Financing
Numerous elements likely contributed to lenders’ confidence in The Perigon, including:
- Mast Capital’s Proven Track Record: With a portfolio showcasing various successful multifamily, hospitality, and commercial projects in South Florida, they have established considerable credibility.
- Pre-construction Contracts and Sales: With over 75% of units already sold, robust deposits speak volumes about market confidence.
- Unique Project Proposition: Lenders recognize The Perigon’s distinct offering, enhancing its attractiveness.
The Foundation Pour
The foundation phase is marked by impressive engineering, where 520 cubic yards of concrete were poured over 9 hours, reinforced by 60 tons of steel. This substantial groundwork lays the foundation for a new chapter in Miami Beach’s illustrious “Millionaire’s Row.”
Unique Value Proposition
The Perigon embraces the "Stealth Wealth" lifestyle that Miami Beach is known for, prioritizing privacy and luxury. Residents will enjoy over 20,000 square feet of exclusive amenities spread across two acres of pristine beachfront.
Signature Amenities Include:
- Oceanfront Restaurant: Curated by Michelin-starred chef Shaun Hergatt.
- Private Speakeasy: An exclusive retreat for residents.
- Global Concierge Service: Offering worldwide perks tailored to residents’ needs.
Designed by the renowned OMA (Office of Metropolitan Architecture) under the direction of Rem Koolhaas, The Perigon features interiors crafted by Tara Bernerd & Partners, highlighting a palette of serene white chocolate minimalism.
Residence Features
- Layout Options: Ranging from 2 to 4 bedrooms, with sizes between 2,100 and 6,700 square feet.
- Private Elevators: Ensuring seamless access to each residence.
- Open Concept Living: Expansive areas designed for entertainment.
Anticipating Delivery
The Perigon is projected for completion in 2027, and despite being over 75% sold, exclusive purchase opportunities remain, starting at $4.5 million.
For inquiries about available residences, potential buyers can reach out to Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. He is available at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
Collaborators Behind The Perigon Miami Beach
- Architectural Firm: OMA, founded by Rem Koolhaas.
- Developer: Mast Capital and Starwood Capital.
- Interior Designers: Tara Bernerd & Partners.
- Landscaping Partner: Gustafson Porter + Bowman.
The Perigon Miami Beach Features & Amenities
- 17-story oceanfront condo designed by OMA.
- Gold Level LEED Certification for sustainability.
- Comprehensive amenity offerings, celebrating the beachfront lifestyle:
- Beachside Swimming Pool with cabanas.
- Private Spa equipped with advanced amenities.
- High-tech Fitness Center with ocean views.
- Cinema and Kid’s Playroom catering to family needs.
Services Offered
- Dedicated Lifestyle Concierge for personalized support.
- In-residence dining and catering from the exclusive on-site restaurant.
- 24-hour Security and Valet Parking for peace of mind.
Residences Features
- Signature OMA-designed residences with direct access.
- Floor-to-ceiling windows providing breathtaking views.
- Italian Kitchens with high-end appliances.
Conclusion
The Perigon Miami Beach is set to redefine luxury living along the iconic coastline. With its unique value proposition, unparalleled amenities, and strategic financial backing, it is a project to watch as it evolves into a landmark of modern opulence.
*For more information about exclusive buying opportunities, visit Douglas Elliman.
Explore the beauty of luxury living at The Perigon—Miami Beach’s future destination for sophisticated homeowners and investors alike.