Under Construction

The Perigon Miami Beach

Name: The Perigon Miami Beach
Address: Miami Beach

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04.24

Start

2027

Completion

Units

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 2022 est.

Sales launched Mar 2022Sales launch: Mast Capital and Starwood Capital launched sales at The Perigon in March 2022 with Douglas Elliman, pricing from $3M for 2,100 to 6,700 sq ft residences

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Broke ground Apr 2024

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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

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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

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$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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TMW IntelligenceVerified Oct 19, 2026

AnnouncedBreaking GroundConstructionOpening SoonNow Open

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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.