'The Mamdani effect': wealthy New Yorkers show renewed interest in Miami's Billionaire's Beach

The article discusses the Miami residential market, particularly the high-end segment, in light of the recent mayoral election. It highlights three developments that are attracting interest from New Yorkers: Cipriani Residences in Brickell, Perigon in Wynwood, and Cipriani Residences' sister project, a forthcoming development by Mast Holdings.

Cipriani Residences is expected to become Miami's tallest building when completed, with 80 stories and over 940 feet of height. The building will have almost 400 condominium residences, including six penthouses with the "highest level of Venetian hospitality." Floors 62 and higher feature the Canoletto Collection, exclusive homes with interiors by 1508 London, one of the world's leading design agencies.

The article notes that interest from New Yorkers in the high net worth range has soared in the wake of the mayoral vote. Inquiries have increased exponentially, and sales are expected to be strong. Mast Holdings' CEO, Patrizio, attributes this surge to the relocation of major businesses, such as Citadel, Blackstone, and Starwood Capital.

Perigon is a 940-foot-tall development with 80 stories, featuring almost 400 condominium residences, including six penthouses. Construction has been breakneck, reaching its 54th floor in just four days. The building's design and interior were carefully thought out to capture the essence of European design.

The article concludes that Miami is experiencing a sustainable market, driven by the relocation of major businesses and an uptick in applications for private schools. This suggests that the city is becoming a hub for high-end residential development, attracting interest from New Yorkers and other luxury buyers.

Key statistics:

* Cipriani Residences: 80 stories, 940 feet tall, almost 400 condominium residences
* Perigon: 80 stories, 940 feet tall, almost 400 condominium residences
* Mast Holdings' CEO, Patrizio's comments:
+ Interest from New Yorkers in the high net worth range has soared.
+ Inquiries have increased exponentially.
+ Sales are expected to be strong.
+ Relocation of major businesses is driving interest.

Overall, the article suggests that Miami's residential market is experiencing a resurgence, driven by the city's reputation as a hub for luxury development and its growing popularity among high-end buyers.

OMG, I'm so over how wealthy people in NY are moving to Miami like it's going out of style! Cipriani Residences is gonna be SO lit with all those penthouses and Perigon looks fire too Mast Holdings' CEO knows what he's talking about, NYC types can't resist that Miami vibe I'm low-key excited for the growth of the residential market in Miami, it means more opportunities for locals to buy or invest and maybe even some more beachside bars and restaurants for us regular folks

I'm thinking it's gonna be super busy down there in Miami with all these new developments popping up . I mean, Cipriani Residences is like, whoa! 80 stories and 940 feet tall? That's crazy . And Perigon's design looks so fancy, I can see why New Yorkers would wanna move in . But at the same time, it's a bit worrying that all these high-end buyers are coming in because of the businesses moving out elsewhere... it feels like there's a lot of money chasing a few spots . Still, if they're getting all this interest from rich folks and big companies, I guess it's good for the economy . Just hope they don't make Miami too unaffordable for regular people in the future .

I can imagine how exciting this must be for people considering a move to Miami! The thought of living in one of those stunning buildings with top-notch amenities must be really tempting . It's great that New Yorkers are drawn to the city's energy and luxury lifestyle . I'm sure it'll be a thrilling experience to wake up every morning with that breathtaking view . The fact that major businesses are relocating there must make Miami an even more attractive option for high-end buyers . It sounds like the city is really growing into its reputation as a hub for luxury development !

I'm loving this Miami vibe right now ! The high-end segment of the market is really popping, especially with all these new developments going up. I mean, who wouldn't want to be a resident in one of those sleek, modern buildings with the best views of the city? It's no surprise that New Yorkers are flocking here, they're always on the lookout for the next big thing .

But seriously, it's great to see Miami becoming a hub for luxury development. The city has so much energy and potential, and this is exactly the kind of investment that's going to keep it thriving in the years to come . And let's be real, who wouldn't want to call Wynwood home? That neighborhood is always buzzing with creativity and excitement.

I'm not surprised to hear that Mast Holdings' CEO mentions the relocation of major businesses as a key driver behind this surge. When big companies move in, it sends a ripple effect through the local economy and attracts even more high-end talent and investment . It's all about creating a positive feedback loop, and Miami is definitely on the right track right now .

I'm intrigued by these new developments in Miami, but I'm not sure if they're entirely justified . With Cipriani Residences being the tallest building, it's definitely going to be a hotspot for wealthy tourists looking for that "Venetian hospitality" vibe. But at what cost? The rapid construction pace of Perigon is a bit concerning - are they sacrificing quality and safety for the sake of getting it done ASAP?

I'm also not convinced by Mast Holdings' CEO, Patrizio's claims about the relocation of major businesses driving interest from New Yorkers . I mean, surely there are more nuanced factors at play here? The article mentions an uptick in applications for private schools, but isn't that just a reflection of Miami's growing reputation as an exclusive, high-end destination? We're not necessarily seeing a genuine influx of high-net-worth buyers who need these luxury developments.

Still, I guess it's hard to deny the appeal of Miami's sun-soaked lifestyle and business-friendly environment . As long as we're seeing sustainable growth and investment in quality infrastructure, I suppose this is all just part of the city's evolution into a major hub for luxury development

Miami is on fire ! All these fancy new developments are making me wanna pack my bags and move down there ASAP . I mean, 80 stories in Cipriani Residences? That's crazy tall ! And Perigon's design is soooo European . I love how they're capturing the essence of old-school Italy .

I think it's no surprise that New Yorkers are flocking to Miami after the mayoral vote . Who wouldn't want to escape the city and find a more relaxed vibe? Plus, all these major businesses moving in is just a bonus . It's like, the more, the merrier .

I'm totally sold on Miami now . Time for me to start looking at properties . Can you imagine living in one of those fancy penthouses with the Canoletto Collection?

The Miami market is getting all the attention these days . I think it's cool how Perigon in Wynwood is making waves with its European design vibe . Cipriani Residences seems like a solid bet for New Yorkers looking to relocate, especially with those high-end Venetian hospitality penthouses . But what really gets me is how Mast Holdings' CEO thinks the relocation of big businesses is driving interest . I mean, if the power brokers are moving in, that's gotta be attractive to high-net-worth buyers . The market seems to be heating up , and only time will tell if it can sustain itself .

The recent mayoral election has undoubtedly sent shockwaves through the Miami residential market, particularly in the high-end segment . It's no surprise that New Yorkers are taking notice, with interest from the affluent set surging exponentially . I think this trend is driven by a combination of factors, including Miami's reputation as a hub for luxury development and its growing popularity among high-end buyers .

The fact that major businesses like Citadel, Blackstone, and Starwood Capital are relocating to Miami speaks volumes about the city's appeal . And with developments like Cipriani Residences and Perigon rising from the ground, it's clear that Miami is positioning itself as a go-to destination for high-end residential buyers .

I'm also intrigued by Mast Holdings' CEO, Patrizio's comments on the matter . His assertion that relocation of major businesses is driving interest in the city's luxury market makes sense, given the influx of tech companies and other high-net-worth individuals moving to Miami .

Overall, I think this trend has serious implications for Miami's residential market, and it will be fascinating to see how the city responds to this growing demand for luxury developments .

I'm low-key loving this whole Cipriani Residences thing ! Did you know that Miami's residential market has seen a 25% increase in luxury sales since 2020? It's crazy to think about how the city is becoming a hub for high-end development, attracting buyers like cats to tuna . And with Perigon and Cipriani Residences being built at an insane pace (like, 54 floors in just 4 days?! ), it's clear that Miami is on the rise!

Here are some mind-blowing stats:

* The average price of a Miami condo is now over $1.2 million
* Luxury sales in Miami have reached a record high of 10% growth since last year
* Over 80,000 people moved to Miami in the past year alone

It's no wonder that Mast Holdings' CEO, Patrizio, is attributing this surge to the relocation of major businesses and an uptick in applications for private schools. Whatever it is, it's working! The city is becoming a magnet for high-end buyers, and I couldn't be more hyped !

I'd love to see some more data on this trend. What are your thoughts? Should we make Miami the new NYC of luxury development?

I think it's crazy how much interest we're seeing from New Yorkers in Miami right now! I mean, Cipriani Residences is going to be like, whoa, the tallest building in town and all that. And Perigon is giving me major European vibes with its design. But what I'm really curious about is why people are making this big move from New York. Is it the sunshine? The beaches? Or is it something more... economic? Anyway, if Miami's becoming a hub for high-end development like that, it's gotta be good for the city in some way, right? Maybe we'll see some new businesses pop up and all that. But what do you guys think? Anyone else thinking of making the move to Miami?

I remember when Miami was all about Art Deco vibes... Now it's like they're trying to outdo each other with skyscrapers! Cipriani Residences is gonna be crazy tall, 80 stories already? That's insane! And Perigon, another 940-footer? I'm not sure if I'd want to live that high up in the sun...

I guess it's good for the city though. All these rich folks moving in means more shopping and dining options for us regular folk. I mean, who doesn't love a good Italian restaurant or a designer shoe store? Plus, with all the tech companies setting up shop, Miami is becoming like the Silicon Valley of South America...

It's just weird to see how fast everything has changed. Back in my day, we were worried about the Dolphins winning the Super Bowl... Now it's all about condos and penthouses!

Cipriani Residences is like, "Hey NYC rich folks, come chill in Miami!" The building is gonna be so tall it'll make the Statue of Liberty look like a kid's toy! ️ And those penthouses? More Venetian hospitality than you can shake a stick at! Canoletto Collection, huh? Sounds like some fancy-schmancy stuff.

Construction was so fast it made Tesla jealous! Who needs roads when you've got cranes and bulldozers?! And Perigon's European design? More like "European-est" . We're not saying Miami isn't becoming a hub for luxury development, but... actually, that's exactly what we're saying.

I'm not sold on this whole Miami luxury condo boom thing . I mean, sure, Cipriani Residences being the tallest building in town sounds impressive, but have you seen the prices they're asking? Over a million bucks for a tiny unit with a view of the pool ? No thanks! And what's with all these high-end developments popping up everywhere? It just feels like another speculative bubble waiting to burst . I'm not convinced that just because some big companies are moving in, it's going to make Miami's residential market sustainable in the long run .

I think it's kinda cool that Cipriani Residences is gonna be so tall in Brickell I mean, 80 floors is insane! And can you imagine waking up to that view of the city every morning? It's no wonder people from NYC are all about this place. The fact that Mast Holdings' CEO says there's a surge in interest because big businesses are moving here makes total sense. I guess it's true, Miami is becoming a hub for luxury development and high-end buyers are really drawn to the city's vibe What do you guys think? Are we gonna see more of these fancy developments popping up around town?

just thinkin' about all these new developments poppin' up in miami... like, what's drivin' the demand from new yorkers? is it really just about bein' closer to their work or is there somethin' more to it?

omg u gotta see whats goin on in miami right now i was talkin to my friend who works at mast holdings and she told me that they're gettin slammed with inquiries from new yorkers wanna move down south and escape the rent prices in nyc lol can you even blame them? i've been thinkin about makin a move myself, but then again idk if im ready for the florida heat anyway, its def clear that miami is become the go-to spot for high-end residential development what's next, tho?

Ugh , another real estate boom in Miami? Can't they just keep it chill for once? I mean, who needs a 940-foot-tall building with six penthouses when you can have a nice little house by the beach? And don't even get me started on the "highest level of Venetian hospitality" ... sounds like they're trying too hard to be fancy.

And what's up with all these new developments popping up in Wynwood and Brickell? Can't they just leave some space for actual artists and small businesses instead of catering to the 1%? It's like, I get it, Miami wants to be a hub for luxury development, but can we at least try to make it a little more... human-friendly?

I'm not buying it (pun intended) , these new developments just seem like another example of gentrification gone wild. When will they realize that high-end buyers aren't the only ones who care about this city?