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Miami’s Financial District to Get Another New Luxury Condo Tower

A rendering of 1420 S. Miami Ave. located on the southern edge of the Brickell Central Business District in Miami.
A rendering of 1420 S. Miami Ave. located on the southern edge of the Brickell Central Business District in Miami.Source: Mast Capital

Miami-based developer Mast Capital is planning a new 80-story luxury condo tower in the city’s financial district, betting on new arrivals to keep demand strong in a red-hot market.

The company acquired a 2.8-acre (1.1-hectare) site, paying $103 million for one of the last remaining parcels of land in the Brickell district. The project will include three towers, one for luxury condos and two for rental apartments.