Mast Capital & Starwood Top Off OMA-Designed Perigon Tower at 5333 Collins Avenue in Miami Beach

Key Points

• The Perigon Miami Beach has topped off at 5333 Collins Avenue in Mid Beach, reaching full architectural height  
• Developed by Mast Capital and Starwood Capital Group, the 17-story tower is Miami Beach’s newest ultra-luxury oceanfront address
• The 72 residence project is targeting 2027 occupancy and is on pace to sell out before completion

What The Topping Off Means For 5333 Collins Avenue In Miami Beach

Developers Mast Capital, alongside a controlled affiliate of Starwood Capital Group, have topped off The Perigon Miami Beach at 5333 Collins Avenue, marking a major construction milestone for the oceanfront project. Rising 17 stories along Mid Beach, the tower is the first new oceanfront residential project in this cycle to reach full height. The milestone signals strong construction momentum and reinforces the property’s early lead among Miami Beach’s next wave of luxury condo developments. Occupancy is anticipated in 2027.

What OMA’s Design Means For Miami Beach’s Oceanfront Skyline

The tower is designed by OMA, the internationally acclaimed firm founded by Rem Koolhaas, marking its first residential project in the Miami Beach market. The building’s diamond-shaped form is composed of layered volumes that maximize natural light, airflow, and panoramic views of the Atlantic Ocean and Biscayne Bay. The structure rises above immersive gardens by landscape architects Gustafson Porter + Bowman, creating a visual blend of architecture and waterfront landscape. The design introduces a distinctive architectural identity to the Mid Beach shoreline.

What The Residences Mean For Ultra Luxury Buyers

The Perigon includes 72 expansive two to four-bedroom residences with interiors designed by Tara Bernerd. Homes are conceived as private villas in the sky, featuring generous floor plans, premium materials, and deep wraparound terraces that extend living space outdoors. The remaining inventory includes the exclusive 01 Collection, featuring oceanfront residences designed for maximum privacy and scale. Pricing for available residences begins at $12.55 million.

What The Amenity Package Means For Lifestyle Positioning

More than 20,000 square feet of private amenities anchor the resident experience. Dining venues include Nota, an oceanfront restaurant, and FiftyThree, a residents-only speakeasy, both led by Michelin-starred chef Shaun Hergatt. Additional features include a beachfront lap pool, private beach club, spa and wellness facilities, fitness center, screening room, and a double-height lobby lounge. Five-star services include concierge support, residential butler service, valet, house car service, and in-residence dining.

What The Location Means For Buyer Demand

Positioned in the heart of Mid Beach, the tower offers privacy while remaining close to Miami Beach’s cultural and retail hubs. Residents are minutes from Bal Harbour Shops, the Bass Museum of Art, Art Deco landmarks, and global events such as Art Basel Miami Beach. The address combines oceanfront seclusion with urban accessibility. Construction is led by Moss Construction, with exclusive sales and marketing handled by Douglas Elliman Development Marketing. The topping off underscores continued buyer demand for architecturally distinct, service-driven oceanfront residences in Miami Beach’s luxury tier.