Building facts
- Address
- 1420 South Miami Avenue
- Neighborhood
- Brickell
- Year built
- 2026
- Floors
- 80
- Residences
- 397
- Status
- Pre-Construction
- Developer
- Mast Capital
- Architect
- Arquitectonica
- Pricing
- Starting at $1.59 Million
Cipriani Residences Miami topped off in July 2026 at roughly 950 feet, making it the tallest residential tower in Miami and the first ground-up Cipriani residential building in the Americas. 397 residences at 1420 South Miami Avenue in Brickell, developed by Mast Capital, designed by Arquitectonica, with interiors by 1508 London.
It is more than 80% sold and delivery has been pulled forward — from 2028 to summer 2027 — which is the opposite of what usually happens in this market. Below is what is verified, what is contested, and what nobody has published.
Cipriani Residences Miami — Building Facts
- Address
- 1420 South Miami Avenue, Miami, FL 33130
- Neighbourhood
- Brickell · 2.8-acre site
- Developer
- Mast Capital · Camilo Miguel Jr.
- Architect
- Arquitectonica · Bernardo Fort-Brescia
- Interior Design
- 1508 London
- General Contractor
- Moss Construction
- Height
- ~950 ft — the tallest topped-out residential tower in Miami
- Storeys
- 80, 84 and 85 all published — including two figures from the developer in the same week
- Residences
- 397, from 1,123 to 3,495 sq ft, one to four bedrooms
- Canaletto Collection
- Top 18 floors — six penthouses plus 68 homes, 74 branded units
- Units Sold
- Over 80%, buyers from 30+ countries
- Sales
- Fortune Development Sales
- Construction Loan
- $600M · Banco Inbursa and Ascendant Capital — reported as the largest condo construction loan in South Florida history
- Status
- Topped off July 2026
- Est. Completion
- Summer 2027 — pulled forward from 2028
Verified 4 August 2026 against primary sources only. Where sources disagree, both figures are shown. Pre-construction figures change — confirm against the current price sheet and the recorded condominium documents before you sign.
Key Takeaways
- Topped off July 2026 at approximately 950 feet — the tallest residential tower in Miami, surpassing Panorama Tower’s 868-foot roof.
- “Tallest” is explicitly temporary. The Waldorf Astoria downtown will reach 1,049 feet. Cipriani is the tallest all-residential tower and the tallest topped-out one — that is the honest version.
- Over 80% sold across 397 residences, buyers from 30+ countries. That is real absorption, not a launch number.
- Delivery moved forward — 2028 to summer 2027. Unusual, and unexplained by any independent source.
- $600 million construction loan from Banco Inbursa and Ascendant Capital — reported as the largest condo construction loan in South Florida history.
- The storey count is genuinely unresolved — 80, 84 and 85 all published, including two different figures from the developer’s own materials in the same week.
- The restaurant is residents-only, not a public Cipriani venue. Worth knowing before you assume otherwise.
What Has Actually Been Built
A tower of approximately 950 feet containing 397 residences from 1,123 to 3,495 square feet, one to four bedrooms, on a 2.8-acre site at 1420 South Miami Avenue. Mast Capital (Camilo Miguel Jr.) is the developer, Arquitectonica the architect with Bernardo Fort-Brescia as founding principal, 1508 London on interiors, and Moss Construction the general contractor. Fortune Development Sales handles sales.
The construction record is genuinely impressive. Ground broke February 2024. October 2024 brought the largest foundation pour in Brickell that year. By October 2025 the tower was at the 44th floor — halfway — climbing one level every three working days. It passed 872 feet in April 2026 and topped off in July 2026.
“Constructing one of the tallest residential towers in the country requires extraordinary coordination, engineering expertise and craftsmanship. Every milestone reflects the commitment of hundreds of professionals working together to deliver a building that will define Miami’s skyline.”
Scott Moss, CEO, Moss Construction — July 2026
The top 18 floors are the Canaletto Collection — six penthouses plus 68 ultra-luxury homes, 74 branded units in total. Amenities run past 50,000 square feet: a residents’ restaurant, private dining, a 37th-floor speakeasy, two pools, fitness centre, screening room, spa, salon, dog park and a pickleball court.
The “Tallest in Miami” Claim, Honestly
Cipriani surpassed Panorama Tower’s 868-foot roof height in April 2026 and is now the tallest residential tower in Miami and in Florida. That is real.
But the outlet that reported it used the word “temporarily,” and that word matters. The Waldorf Astoria Hotel & Residences at 300 Biscayne Boulevard is 1,049 feet and 100 storeys — roughly 100 feet taller — with 387 condominium residences plus 205 hotel rooms. It passed the 60th floor in February 2026 and is expected to complete in 2028.
So the precise, defensible statement is this: Cipriani is Miami’s tallest all-residential tower by roof height and the tallest topped-out residential tower in the city. The Waldorf Astoria, a mixed hotel-and-condominium building, will exceed it in overall height. If “tallest” is part of why you are buying, understand exactly which version of the claim survives.
“In conceiving Cipriani Residences Miami, we were inspired by the timeless connection between Venice and the water.”
Bernardo Fort-Brescia, Founding Principal, Arquitectonica — April 2026
What Cipriani Actually Does Here
Branding and food-and-beverage operations. Cipriani is not the developer and did not design the interiors — that is 1508 London. What the family operates is the residents’ restaurant, the 37th-floor speakeasy and the hospitality services.
“For nearly a century, our family, inspired by our Italian heritage and traditions, has welcomed people from around the world with the same philosophy: to create places where elegance, service and hospitality come naturally.”
Giuseppe Cipriani — July 2026
One point worth being clear about: every credible source describes the restaurant as private and residents-only, not a public Harry’s Bar-style venue open to the street. If you are picturing walking downstairs into a public Cipriani, check the offering documents rather than the marketing.
And a piece of context that belongs on the record: Cipriani’s US operating entity carried roughly $150 million in debt as of 2022, largely from 2018 Ares Capital loans, and faced foreclosure exposure at two New York locations tied to a $53 million mortgage default. Reporting at the time stated this was separate from and not directly related to the Miami project. Its resolution is not on the public record. That is not a reason to avoid the building — it is a reason to ask what happens to the branding if the licence lapses, which no source discloses.
Pricing and Absorption
Residences from $1.8 million; the Canaletto Collection from $4.1 million, as of July 2026. The entry price has risen roughly 64% since launch:
| Date | Entry price | Canaletto / penthouse |
|---|---|---|
| March 2022 — launch | $1.1M | — |
| July 2023 | — | Canaletto from $3.65M; penthouses from $9.5M |
| February 2024 | $1.7M | Six penthouses from $17M |
| October 2025 – July 2026 | $1.8M | Canaletto from $4.1M |
⚠️ Penthouse pricing is genuinely unreliable across sources — $9.5M, $17M, $7.5M and $4.1M all appear, almost certainly describing different tiers, but nobody disambiguates them. Do not rely on a penthouse number you did not get from the offering documents.
The record sale: Penthouse 1 sold for $16.2 million — $3,333 per square foot — weeks after hitting the market in July 2023. 9,221 square feet total (4,888 interior plus 4,333 of terrace), four bedrooms. That was a record price per foot for the property type. It is now three years old and should not be used as a current valuation benchmark.
Absorption: over 50% presold by February 2024, over 80% by July 2026, with buyers from more than 30 countries. Both figures are developer-supplied and unaudited, but the trajectory is consistent and the building is genuinely near sellout.
Lionel Messi reportedly went under contract on multiple residences in April 2025. That was attributed to unnamed sources and has never been confirmed on the record — it appears in marketing and should not be treated as fact.
No source has ever published an average price per square foot for this building, or a total sellout figure, or a dollar contract volume.
The Dates Have Moved Four Times
This is the thing early buyers should look at closely.
| Published | Delivery stated |
|---|---|
| March 2022 | “could be completed in 2025” |
| July 2023 | 2026 |
| February 2024 – October 2025 | 2028 |
| April 2026 – July 2026 | Summer 2027 |
The early slip is ordinary — 2025 aspiration to 2028 once financing closed and real scheduling took over. The pull-forward is what is unusual. Between October 2025 and April 2026 the date moved from 2028 to summer 2027, an acceleration of six to twelve months, and no source explains why. Topping off in July 2026 makes a 2027 delivery plausible. But it is developer-stated and uncorroborated, and it is still later than the 2026 date some 2023-era buyers were given.
What to Verify Before You Sign
This is one of the strongest projects in Miami right now — topped off, near sellout, record financing, a developer that executed. These are still the questions worth asking.
1. Which floor is your unit actually on? The storey count is published as 80, 84 and 85 — and the developer’s own press page said 80 in the same week another outlet said 85. Confirm the floor against the recorded condominium declaration, not the marketing.
2. What does the Cipriani licence actually guarantee? Duration, fees, termination triggers, and what happens to the name and the restaurant if it lapses. None of it is published.
3. Two more towers are planned on the same site. Mast Capital’s own portfolio page describes the 2.76-acre parcel as supporting 1,250 units across three towers — two multifamily rental buildings plus this condominium — with Rockpoint Group as equity partner on the rental component. That means construction noise, changed views and shared site conditions after you move in. Ask for the master plan.
4. Deposit escrow and the §718.503 documents. Nothing has been published about the escrow arrangement here.
5. Run the title and lien search. No litigation or liens are reported against this project by any credible source — but nobody has searched the Miami-Dade Clerk’s records publicly either. Absence of reporting is not a clean bill of health.
6. Note the independent-verification gap on the topping-off. It rests on one trade outlet plus the developer’s own press page. Florida YIMBY, normally the most granular construction tracker on this building, has published nothing since April 2026.
Brickell Around It
Brickell has more luxury supply arriving than any other Miami submarket, and Cipriani is the furthest along of the trophy towers. For contrast: 888 Brickell by Dolce&Gabbana has never gone vertical, and 619 Brickell by Nobu has design approval but no construction and no closed land purchase. Ora by Casa Tua and The Residences at 1428 Brickell are the other active comparables.
That contrast is the argument for this building. A topped-out tower with 80% sold and a closed $600 million loan is a materially different proposition from a rendering with a delivery date. The full pipeline is on the new construction page and the market picture in Miami luxury condos.
If you want the current availability and the floor-count question settled against the actual documents, start a conversation.
Verified 4 August 2026
- Address — 1420 South Miami Avenue, Miami, FL 33130 (Brickell). 2.8-acre site.
- Height — approximately 950 feet. Tallest residential tower in Miami as of topping off.
- Storeys — 80 in most reporting; also published as 84 and 85. Unresolved.
- Residences — 397, from 1,123 to 3,495 sq ft, one to four bedrooms. Canaletto Collection = top 18 floors, 74 units including six penthouses.
- Developer — Mast Capital (Camilo Miguel Jr.) · Architect — Arquitectonica · Interiors — 1508 London · GC — Moss Construction
- Cipriani’s role — branding and food-and-beverage only. Residents-only restaurant, not a public venue.
- Status — topped off July 2026 at full height
- Delivery — summer 2027 (moved forward from 2028)
- Sales — over 80% sold, buyers from 30+ countries
- Pricing — from $1.8M; Canaletto from $4.1M. Record: $16.2M / $3,333 per sq ft, July 2023.
- Financing — $600M construction loan (Banco Inbursa $350M, Ascendant Capital $250M), February 2024
Checked 4 August 2026. Ask me to re-verify before you rely on any line of it.
Cipriani Residences Miami: frequently asked questions
Is Cipriani Residences Miami the tallest building in Miami?
It is the tallest residential tower in Miami and in Florida, having topped off at approximately 950 feet in July 2026 and surpassed Panorama Tower’s 868-foot roof. That status is explicitly temporary — the Waldorf Astoria downtown will reach 1,049 feet. The precise claim is that Cipriani is the tallest all-residential tower and the tallest topped-out residential tower in the city.
When will Cipriani Residences Miami be completed?
Summer 2027 per the most recent reporting. The date has moved four times — from a 2025 aspiration in 2022, to 2026, to 2028 once financing closed, and then forward to summer 2027. The pull-forward from 2028 has not been explained by any independent source, though topping off in July 2026 makes it plausible.
How many floors does Cipriani Residences Miami have?
Sources disagree. 80 storeys is the dominant figure and appears on the developer’s own press page; 84 and 85 have also been published, including 85 by one outlet the day before the developer’s own materials said 80. Confirm the floor of any specific unit against the recorded condominium declaration.
How much do residences at Cipriani cost?
From $1.8 million as of July 2026, with the Canaletto Collection from $4.1 million — up from $1.1 million at the March 2022 launch, roughly a 64% rise. Penthouse pricing is inconsistently reported across sources and should be taken from the offering documents only. No average price per square foot has ever been published.
How much of Cipriani Residences has sold?
Over 80% of the 397 residences as of July 2026, with buyers from more than 30 countries. It was over 50% presold in February 2024. Both figures are developer-supplied and have not been independently audited.
Is there a Cipriani restaurant in the building?
Yes, but it is described by every credible source as a private residents-only restaurant, along with a 37th-floor speakeasy — not a public Cipriani venue open to the street. Cipriani’s role in the project is branding and food-and-beverage operations; the interiors are by 1508 London and the developer is Mast Capital.
How was Cipriani Residences financed?
A $600 million construction loan closed in February 2024 — $350 million from Banco Inbursa and $250 million from Ascendant Capital Partners, including mezzanine financing, arranged by Newmark. It was reported as the largest condominium construction loan in South Florida history, surpassing the $558 million Estates at Acqualina loan of 2018. The land was bought for $103 million in December 2021.
Sources and further reading
- PROFILEmiami — Cipriani Residences Miami Tops Off Construction, Surpasses 80% SoldThe topping-off at ~950 feet, the 80%-sold figure, summer 2027 delivery and current pricing. Published 23 July 2026.
- Florida YIMBY — Cipriani Residences Miami Reaches 872 Feet, Becomes Miami’s Tallest Residential TowerThe height milestone, the comparison to Panorama Tower and the explicit “temporarily” qualifier. Published 21 April 2026.
- Florida YIMBY — Cipriani Residences Miami Reaches Halfway MarkThe 44th-floor milestone, build pace and the 2028 delivery date then in force. Published 24 October 2025.
- The Real Deal — Mast Capital Scores $600M Loan for Cipriani Residences MiamiThe record construction loan, lenders, the >50% presold figure and the Canaletto Collection. Published 6 February 2024.
- The Real Deal — Cipriani Residences Miami 80-Story Condo Tower Planned for BrickellThe original launch, $1.1M entry pricing, project team and the three-tower master plan. Published 9 March 2022.
- PROFILEmiami — First Penthouse at Cipriani Residences Sells for $16.2 MillionThe record $3,333 per square foot sale and the penthouse dimensions. Published 27 July 2023.
- Florida YIMBY — Brickell’s Tallest Tower Cipriani Residences Miami Breaks GroundGroundbreaking, the ~950-foot height, Cipriani’s F&B role and the Panorama comparison. Published 26 February 2024.
- Florida YIMBY — Waldorf Astoria Hotel & Residences Miami Passes 60 FloorsThe 1,049-foot tower that will surpass Cipriani in overall height. Published 25 February 2026.
- Bisnow — Mast Capital Secures $600M for Brickell Condo TowerUnit sizes, the $103M land basis and the note that the developer declined to specify the percentage sold. Published 6 February 2024.
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Part of New Construction.