The Perigon
Update
01/17/25
Developers Secure $390 Construction Loan for The Perigon in Miami Beach
Starwood Capital Group and Mast Capital have obtained $390 million in construction financing for The Perigon, a new condominium project in Miami Beach. The loan was provided by Eldridge Real Estate Credit. The Perigon, which broke ground in April 2024, is the only condominium project currently under construction in Miami Beach, will rise 17 floors and feature 73 condominiums along with 10 guest suites available to owners only. The 2-to-4-bedroom units will range from 2,100 to 6,700 square feet. Community amenities will include a pool, fitness center, spa, private beach club, children’s playroom, an oceanfront restaurant, speakeasy and conservatory with a breakfast bar. Completion is expected in 2026.