Cipriani Residences Miami

Mast Capital is building Cipriani Residences Miami at 1420 S Miami Ave in Brickell: 85 floors, 397 units, designed by Arquitectonica with interiors by 1508 London. It is the first residential tower to carry the Cipriani name in Miami, a hospitality brand tracing to Harry's Bar in Venice in 1931.

Construction has reached the top of the structure — the tower is topped off — with completion targeted for Q3 2027. The project is backed by a recorded $600M senior construction loan from Banco Inbursa and Ascendant Capital Partners, put in place ahead of groundbreaking.

Sales have moved with the construction schedule: more than 80% of the 397 units are sold, with reported buyer interest from over 30 countries. For a tower still 18-plus months from delivery, that combination of a topped-off structure, drawn institutional debt, and a well-cleared sales table is a strong position.

Units range from 1,176 to 3,436 square feet, with pricing starting from $1.8M. No price ceiling or average price per square foot is published for this project, so it cannot be benchmarked directly against the broader Brickell luxury band; ask the sales team for current pricing by line and stack.

What is confirmed: every residence has terrace access from both the living room and the primary bedroom, and select residences have direct elevator entry. Beyond that, unit-by-unit finish specifications are not detailed in what's published here — worth requesting alongside current floor plans.

The building carries more than 50,000 square feet of private amenities, run through the Cipriani name: around-the-clock in-home dining and catering, a private resident-only Cipriani restaurant, private dining rooms, and poolside food and beverage service, all catered by Cipriani. A 37th-floor speakeasy overlooking Biscayne Bay sits alongside a screening room and residents' library.

Wellness runs deep for a condo tower — two pools on an elevated resort deck, a holistic spa with sauna and ice plunge, a four-level cycling-focused wellness center, a golf simulator, and a pickleball court. Families are covered with a children's playroom, outdoor playroom, and a dog park. Service extends to a Director of Residences and Cipriani Residential Concierge, with valet, pet grooming, personal training, and house limousine service available for purchase.

The address sits in Brickell, Miami's financial and residential core, with a 91 Walk Score putting daily errands, dining, and transit within reach on foot. Several taller towers are proposed nearby (1414 Brickell at up to 81 floors, a proposed 80-floor tower at 1040 South Miami Ave), but at 85 floors Cipriani sits above all of them — an interior prime site with co-height neighbors rather than a confirmed sightline threat.

Mast Capital, based in Miami, has operated since 2006 and has drawn a named $600M senior construction loan from Banco Inbursa and Ascendant Capital Partners on this project — institutional-scale financing, not a developer-funded build. The firm has separately secured a $390M loan and a Starwood joint venture for its Perigon tower in Miami Beach, a similar financing pattern at scale.

A delivered Miami-Dade condo tower count for Mast Capital is not on file here — a data gap rather than a mark against the sponsor, given the scale of financing partners already engaged on both this project and Perigon.

The Cipriani brand brings hospitality pedigree rather than a development track record: founder Giuseppe Cipriani has described the goal as "creating a home where the way you live is the way we would live," with day-to-day service modeled on the group's restaurant standards.

Deposit schedule and escrow percentage above Florida's statutory 10% minimum are not published for this project, nor is HOA per square foot or rental/short-term leasing policy. None of these are cited restrictions — they are simply not disclosed in what's public today, and each is worth asking for directly before signing a contract.

Completion is targeted for Q3 2027. Given the tower is topped off, financing is recorded, and 80% of units are sold, a buyer's remaining capital exposure relative to construction risk is low — the deal is close to the finish line on the delivery side even where deposit and carrying-cost terms remain to be confirmed.

Delivery (9.5) and market momentum (9.5) are the standout scores here — a topped-off structure, drawn $600M institutional financing, and 80% sold ahead of completion is the exact combination this rubric rewards at the top. Liquidity (8) and buyer protection (8.5) follow from the same strength: a recognized international brand, a deep Brickell resale and rental market, and low remaining capital exposure, tempered only by unpublished rental policy and escrow terms.

Location (7) reflects a genuinely prime Brickell site with strong walkability, discounted slightly for taller towers proposed nearby even though Cipriani's own height keeps it above them. Value (7) and developer (7.5) sit mid-pack: pricing can't be benchmarked on $/sf because none is published, though 80% sell-through at $1.8M-and-up is its own form of market validation; and Mast Capital is institutionally financed but without a Miami-Dade condo delivery record on file.

This suits an end-user or investor with a multi-year hold who values brand, service, and a near-certain delivery timeline over a documented value play. It's a weaker fit for a buyer who needs full cost transparency — deposit schedule, HOA, rental terms — locked down before deciding.