Miami’s tallest new tower nears sellout as execs fuel wealth migration

EXCLUSIVE: By next summer, Miami’s skyline will be shaped by a new architectural landmark, bringing a fresh wave of corporate titans and global elites into the heart of South Florida.

As Cipriani Residences Miami officially topped off its approximately 950-foot construction project — the tallest residential tower in the city — the 85-story tower stands as a physical monument to the Magic City’s evolution from a sun-soaked vacation spot into a permanent capital for international wealth.

Cipriani revealed to Fox News Digital that its first ground-up residential development in North America is more than 80% sold, and will welcome buyers from over 30 countries who are now calling Miami their primary home.

“Residential living is a natural extension of hospitality, but it was important to us to do it in the right way,” Giuseppe Cipriani exclusively told Fox Digital. “With Cipriani Residences Miami, we found the right city, location and a great partner… Our family has been closely involved in shaping the design and the overall experience so that it reflects the same traditions we have carried with us for generations. For us, it is not simply about putting the Cipriani name on a building. It is about creating a home where the way you live is the way we would live.”

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“Every time I drive by it, my emotional reaction is, ‘Wow.’ I am humbled by the fact that we’re building something of this scale, because when I started my business, although I always aspired to get here, I didn’t know when it would happen — and it has happened,” Mast Capital founder and CEO Camilo Miguel Jr., the developer behind the building, also said. “One of the biggest challenges was actually the upfront planning part, because when you’re building a 950-foot building… the engineering that goes into that is quite different than building something that’s 20 stories.”

Cipriani Residences Miami just recently topped off the 950-foot project, making it the tallest offering in the Brickell skyline. (Photo courtesy: Inflight / FOXBusiness)

The leading international markets for buyers, in order, come from Mexico, Italy, Colombia, Brazil, Venezuela, Argentina, Canada, France, Spain and the United Kingdom. Domestic buyers continue to flood in from high-tax states like New York and California, too.

“There are countries that are having a lot of their own economic challenges and headwinds and political challenges and headwinds, as well… And people are not only buying in Miami as [an] investment, but people are actually buying in Miami to live. And people were looking at Cipriani and saying, ‘This is going to be home,’” Miguel said.

“We have some buyers who have bought for their whole family…