Camilo Miguel Jr. Shares His Insights Into The Future of Miami Real Estate

ByModern Luxury Miami
September 26, 2023

At the heart of Mast Capital ( lies its CEO and founder, Camilo Miguel Jr. Since creating the company, Miguel has worn every hat imaginable, immersing himself in each role to ensure his team’s success. Since its inception in 2006, Mast Capital has played a crucial role in Miami’s growth and evolution while working to transform the city as a whole.

“At the heart of our philosophy lies a profound commitment to uplift and positively transform lives. Every endeavor we undertake isn’t just about building spaces—it’s about weaving dreams, aspirations, and potentials into the fabric of communities,” Miguel shares.

We chat with the CEO about future projects and what he projects for Miami’s future.

What excites you about Miami real estate?

Miami is experiencing a thrilling shift , and its allure is both global and undeniable. One of the driving forces behind Miami’s growth is the emergence and evolution of the city’s neighborhoods. Enclaves like the Brickell Financial District, Miami Beach, and Coconut Grove each have their own unique character. This diversity makes the city more interesting and appealing. Miami Beach is still an international destination and home to some of the best hotels and restaurants, but it is also becoming a more desirable place to live and locate a company as the lines between people’s business and personal lives are blurred. Today’s Miami resident is discerning. The people moving here have experienced the best of cities worldwide. They are gravitating to Miami because it offers all the conveniences and cultural appeal of a major global city, along with beautiful weather year-round and easy access to points north, south, east and west.

Do you have a personal favorite project?

It’s like asking someone if they have a favorite child, but at the moment, my two favorite projects are Cipriani Residences Miami and The Perigon Miami Beach. The Perigon represents the quintessence of luxury living. Curated by the most discerning, global masters of their trades, the property seamlessly blurs the distinction between condominium and resort. Cipriani Residences Miami is one of the largest projects yet for Mast Capital—the first-ever new ground-up residence in North America for the Cipriani brand.

Exterior rendering of The Perigon PHOTO COURTESY OF MAST CAPITAL

What do you see changing within the Miami real estate market?

Since the pandemic, Miami has experienced a dynamic transformation. We no longer need to pitch Miami’s appeal; the city’s vibrant allure speaks for itself. This enthusiasm has ignited a surge in demand for luxury condominiums, perpetuating the momentum of sales velocities at premium properties. We’re observing a trend of buyers seeking more than just a vacation home or pied-aterre but looking for their primary residence.

What other exciting future projects are in the works?

Alongside Cipriani Residence Miami’s groundbreaking, we will commence construction on The Perigon Miami Beach, which blends luxury with community. We are also constructing a 175-unit rental property at 3900 Alton Road, a beacon for Miami Beach’s 41st St. Corridor revitalization.