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The Wire

Miami condo market headlines — preconstruction launches, closings, and the moves shaping the skyline.

PreconstructionThe Real Deal2 hours ago
Cipriani Residences crosses 88% sold as Brickell precon demand holds through summer
Mast Capital's bayfront tower has fewer than 50 units remaining ahead of its Q4 2026 delivery, defying a broader slowdown in Miami's luxury segment.
MarketZondo AI5 hours ago
Edgewater 1BRs lead Miami in 90-day appreciation as entry-level demand surges
Zondo's daily $/sqft capture shows Edgewater one-bedrooms up 5.1% over the quarter — the strongest of any Miami-Dade segment tracked.
PreconstructionTara WestJun 9
The Delmore expected to relaunch in Q4 2026
The long-stalled South Beach project is being repositioned under new ownership with a revised unit mix and updated pricing.
PreconstructionThe Real DealJun 9
619 Brickell launches sales
The mixed-use tower opened its sales gallery this week, adding another data point to Brickell's crowded preconstruction pipeline.
New ConstructionApr 27
Closings begin at The Standard Residences Midtown Miami
The first buyers took keys this month, marking one of the year's larger Midtown deliveries.
PreconstructionApr 27
One Thousand Group announces Anantara Miami Resort & Residences
The branded-residence trend continues with another hospitality name entering the Miami condo market.
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Preconstruction

Cipriani Residences crosses 88% sold as Brickell precon demand holds through summer

By The Real DealJuly 2, 2026

Mast Capital's Cipriani Residences Miami has sold more than 88% of its 397 units, according to figures shared with Zondo, leaving fewer than 50 residences available ahead of the tower's scheduled Q4 2026 delivery.

The pace stands out against a broader cooling in Miami's luxury resale segment, where Zondo's daily tracking shows Key Biscayne and South Beach three-bedrooms softening over the past quarter. Preconstruction, by contrast, continues to draw buyers willing to wait for delivery in exchange for today's pricing.

What the data shows

Zondo's Signal tracks absorption velocity across participating developments. Cipriani's remaining inventory has been declining at a rate that, if sustained, would sell the building out well before closing — a pattern Zondo's AI flags as "accelerating absorption."

For agents, the takeaway is straightforward: bayfront branded product in Brickell remains liquid even as the resale market catches its breath.