South Florida’s world-famous beaches and vibrant cultural scene have beckoned Wall Street financiers and hedge-fund executives for decades—a trend that has further exploded during the pandemic. For Camilo Miguel Jr., founder and CEO of fast-growing real-estate development and investment firm Mast Capital, established in 2006 and with a portfolio totaling $3.5 billion, this is just one of many renaissances that he has witnessed in his 40-plus years of living in Miami.

Right now, he’s in the middle of two of his most ambitious projects yet: Cipriani Residences in Brickell and the Perigon in Miami Beach. He generated buzz when he snapped up the dormant Brickell lot for $103 million in 2021, after several other developers’ plans for super-talls there fell through. When the 397-unit Cipriani skyscraper is completed in 2026, it will mark the famed Italian hospitality group’s first ground-up branded-residence in the U.S.

At the Perigon, which is slated to debut in 2025 with 73 units, Shaun Hergatt will become the first Michelin-starred chef to helm a residents-only restaurant and speakeasy on Miami Beach. Miguel’s creative dream team for the development also includes OMA, Rem Koolhaas’s renowned architecture studio; noted interior designer Tara Bernerd; and award-winning landscape practice Gustafson Porter + Bowman.

Also in the pipeline is a 178-unit apartment complex on Alton Road designed by Arquitectonica that Miguel hopes will fill a gap in the market for high-end rental housing. “Miami Beach doesn’t get to see many rental projects get developed,” he says. “You can’t buy the land to do it, so this will be very special for that neighborhood.”