Cipriani Unveils Two Miami Penthouses Valued at $53 Million

The iconic luxury hospitality brand Cipriani has unveiled two triplex penthouses atop its Miami residential tower, Cipriani Residences Miami, marking the brand's sole condominium development in the United States. These penthouses, collectively named the 1931 Collection, are listed at a combined total of $53 million. The larger penthouse, named San Marco, is priced at $33 million, while the smaller unit, The Torcello, is listed at $19.8 million. The 950-foot-tall tower represents Cipriani's inaugural residential project in North America, developed in collaboration with Miami-based Mast Capital, with an expected delivery in the summer of 2027. This launch occurs nearly a century after Giuseppe Cipriani, Sr. established the renowned Harry's Bar in Venice in 1931. Harry's Bar, originally a modest warehouse, became a celebrated establishment known for its warmth, style, and exceptional service, attracting notable figures such as Orson Welles, Gary Cooper, Katherine Hepburn, Charlie Chaplin, Aristotle Onassis, and Ernest Hemingway. Giuseppe Cipriani, Sr. is also credited with inventing the Bellini cocktail, a blend of white peach puree and Prosecco, and the dish carpaccio, which consists of thinly sliced raw beef sirloin. In recognition of its cultural significance, the Italian Ministry of Cultural Heritage designated Harry's Bar a National Landmark in 2001. The Cipriani family has continued this legacy of hospitality through a global network of restaurants, lounges, private clubs, hotels, and residences. The 1931 Collection penthouses are positioned as the premier residences within the Cipriani Residences Miami complex. In the United States, Cipriani's residential ventures are concentrated in South Florida, including Mr. C branded properties in Miami, West Palm Beach, and Boca Raton, alongside the Cipriani brand residences in Miami's Brickell financial district. Michael Patrizio, managing director at Mast Capital, stated that the 1931 Collection aims to embody the "Cipriani way of living" in a residential setting, emphasizing authentic heritage, hospitality, wellness, and entertaining. The development is situated in Miami's financial district, Brickell, a location known for its upscale residential and commercial properties. The Cipriani brand has a long-standing reputation for luxury and exclusivity, which is reflected in the design and amenities of its residential offerings. The penthouses are expected to feature high-end finishes and bespoke services, aligning with the brand's global standards. The development of Cipriani Residences Miami signifies a strategic expansion for the brand into the luxury real estate market, leveraging its established reputation in the hospitality sector. The pricing of the penthouses reflects their prime location, exclusive features, and the prestige associated with the Cipriani name. The project aims to attract a discerning clientele seeking a sophisticated urban lifestyle with the service standards of a luxury hotel.