Mast Capital’s Cipriani Residences Miami Hits Halfway Construction Point in Brickell

Key Points:

• The Cipriani Residences Miami in Brickell has reached its halfway point at 44 stories of its planned 80-story height, with the 37th floor—set to house a resident-only “speakeasy”—now complete.

• Developed by Mast Capital and branded with the legendary Cipriani name, the 80-story tower aims for nearly 1,000 feet in height and a 2028 completion date.

• With 397 residences starting around $1.7 million and an ultra-luxury “Canaletto” collection from approximately $4.1 million, the project highlights Miami’s shift toward high-end vertical living.

The Cipriani Residences Miami has reached a major construction milestone, marking more than just progress on a new tower—it underscores how Mast Capital is redefining the ultra-luxury condominium market in Brickell. 

Construction Momentum

The tower has now achieved its 37th floor and is described as surpassing the halfway point of its full 80-story design. Mast Capital reports the building is rising at a rate of one level every three working days, facilitated by a self-climbing slip-form system—a hydraulic technology that enhances the speed and safety of vertical construction. This pace is considered one of the fastest in Miami’s history.

Earlier milestones included the largest foundation pour in Brickell this year: 11,500 cubic yards of concrete and 2,500 tons of reinforcing steel. From an investor standpoint, this rapid pace reduces delivery risk and signals strong confidence from both lenders and buyers.

Luxury Lifestyle and Amenity Strategy

The branding partnership with Cipriani brings an experiential element to the project. The building will feature a resident-only speakeasy on the 37th floor, along with a private Cipriani restaurant, 24/7 in-home dining, resort-style pool deck, spa, pickleball court, golf simulator, screening room, and more. Interiors are designed by 1508 London, with architecture by Arquitectonica.

The “Canaletto Collection” occupies the top 18 floors, offering six penthouses and 74 ultra-luxury homes with exclusive amenity access and customizable interior design packages. Residences begin around $1.7 million, with the premium collection starting near $4.1 million. For investors, amenity-rich, branded towers like this appeal to global high-net-worth buyers seeking both a residence and a lifestyle.

Market and Submarket Implications

Brickell continues to evolve from a primarily financial district into a live-work-play hub defined by high-rise luxury living. Mast Capital has highlighted vertical development as both a necessity and an opportunity in a submarket where land scarcity and rising values dominate.

The project’s scale—80 stories and nearly 1,000 feet tall—positions it to become Brickell’s tallest tower upon completion. Mast Capital’s financing also demonstrates market confidence: it previously secured a $600 million construction loan, one of the largest ever for a single residential tower in Florida.

For context, Miami’s luxury condo market remains strong, with demand led by domestic and international buyers. However, older inventory faces pricing pressure, making branded developments with elevated amenity packages more competitive and resilient.

Risk and Opportunity for Investors

Opportunities:

• Early entry into a branded, luxury development in a rapidly appreciating submarket.

• Swift construction timeline reduces risk of delay.

• Premium positioning may ensure strong resale value once delivered.

Risks:

• Ultra-luxury pricing targets a narrow buyer pool and can be sensitive to economic shifts.

• Long delivery timeline through 2028 exposes investors to changing interest rates or demand cycles.

• Market liquidity in the highest price tier can fluctuate based on global wealth flows.

Supertall Standards

The Cipriani Residences Miami represents more than another Brickell development—it stands as a statement of Miami’s growing position in the global luxury residential market. With its engineering pace, Cipriani branding, and premium lifestyle amenities, Mast Capital’s project is poised to set new standards for the city’s skyline and attract a new wave of high-end buyers.