The Perigon Miami Beach Reaches Major Sales Milestone and Secures $390M Construction Loan
February 10, 2025 by Jacki Taylor
The Perigon Miami Beach, one of the most highly anticipated ultra-luxury residential developments in South Florida, has reached a significant sales milestone while securing a massive construction loan. Developers Mast Capital and Starwood Capital Group have announced that over 75% of the residences have already been sold, marking strong demand for this premier oceanfront property.
Further solidifying its progress, the development has secured a $390 million construction loan from Eldridge Real Estate Credit, ensuring the project's continued momentum.
Designed by renowned architecture firm OMA, led by Rem Koolhaas, The Perigon will bring 73 exclusive beachfront condominiums to Miami Beach. With its bold architectural design and curated luxury offerings, the development is set to redefine waterfront living in the city.
Groundbreaking for The Perigon took place in April 2024, and completion is expected in 2027. Once finished, the tower will offer residents an unparalleled lifestyle, with world-class amenities, breathtaking ocean views, and impeccable service.
With its prime location, cutting-edge design, and impressive sales momentum, The Perigon Miami Beach continues to solidify its place as one of the most sought-after addresses in Miami’s luxury real estate market.
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