Under Construction

The Perigon Miami Beach

The Perigon Miami Beach is a 17-story oceanfront condominium at 5333 Collins Avenue in the Mid-Beach neighborhood of Miami Beach, Florida, developed by Mast Capital in a joint venture with an affiliate of Starwood Capital Group.

Official Website
TMW IntelligenceVerified Oct 12, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
04.24
Start
2027
Completion
72
Units
17
Floors
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Details

5333 Collins Avenue, Miami Beach. 17 floors and 72 residences. Broke ground April 2024, completing Summer 2027. Financed with $390M from Eldridge in January 2025.

The story so far
Announced May 15, 2023
oftmw.com
Broke ground Apr 2024
oftmw.com
Financing secured Jan 2025Mast Capital and Starwood Capital closed a $390M construction loan from Eldridge Real Estate Credit, among the largest ever for a Miami Beach condominium
floridayimby.com
Topped out Mar 6, 2026Topped out at its full 17 stories, the first new oceanfront residential tower of this cycle in Miami Beach to reach full height
floridayimby.com
$70M+ in New York buyer sales Apr 2026Mast Capital reported more than $70M in contracts from New York buyers in the 30 days after topping out, as NYC's proposed pied-a-terre surcharge pushed buyers toward Florida; residences priced from $12.55M
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Expected opening Summer 2027
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The Miami Beach market 47 · Elevated supplyMid-Beach 22-project pipeline · 3,026 residences and keys · peak Late ’27 Explore the market →
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About the project

The Perigon Miami Beach is a 17-story oceanfront condominium at 5333 Collins Avenue in the Mid-Beach neighborhood of Miami Beach, Florida, developed by Mast Capital in a joint venture with an affiliate of Starwood Capital Group. Designed by OMA, the Rotterdam practice founded by Pritzker Prize laureate Rem Koolhaas, with OMA partner Jason Long leading the architecture, the tower holds 72 residences plus private guest suites, two duplex penthouses and a trophy penthouse, all oriented toward long water views. Interiors are by Tara Bernerd and the landscape is by Gustafson Porter + Bowman. More than 20,000 square feet of resident amenities include a private oceanfront restaurant and residents-only lounge led by Michelin-starred chef Shaun Hergatt, a 25-meter beachfront lap pool, a private beach club, spa and wellness facilities, a fitness center, a screening room and a double-height lobby lounge. It is the first new oceanfront residential tower of the current Miami Beach cycle to reach its full height.

Developer & design
Common questions

Frequently asked

Where is The Perigon Miami Beach located?

The Perigon Miami Beach is located in Miami Beach.

When will The Perigon Miami Beach be completed?

The Perigon Miami Beach is under construction, with completion expected in Summer 2027.

Who is developing The Perigon Miami Beach?

Mast Capital, Starwood Capital is the developer behind The Perigon Miami Beach.

Who designed The Perigon Miami Beach?

The Perigon Miami Beach was designed by OMA, with interiors by Tara Bernerd.

How big is The Perigon Miami Beach?

The Perigon Miami Beach rises 17 stories with 72 residences.