The Perigon vs. Five Park: Two Visions of Miami Beach’s Future Skyline
Quick Summary
- Five Park sets a new height benchmark and pairs it with an ambitious park
- The Perigon leans boutique: 73 residences on an ocean-to-bay site
- Design pedigrees matter: Arquitectonica, OMA, and globally known interiors
- Connectivity and resilience upgrades are becoming part of the value equation
A new era of luxury on Miami Beach
Miami Beach has always traded on the alchemy of water, light, and scarcity. What evolves is the product itself. Today’s ultra-luxury is less about pure opulence and more about authored living: architecture that reads like a signature, amenities calibrated to real routines, and a public realm that amplifies neighborhood desirability. Two towers capture this shift. Five Park has arrived as a defining vertical marker at the gateway to South of Fifth, delivering a long-anticipated addition to the skyline. The Perigon is advancing a quieter, boutique proposition along Collins Avenue, pairing a rare ocean-to-bay footprint with a form that treats views, elevation, and porosity as core value. For buyers evaluating Miami Beach opportunities, the message is straightforward: “luxury” is increasingly measured by how a building edits your day, not only by how it photographs.
Five Park: height, amenities, and a public realm that feels intentional
Five Park is a 48-story residential tower rising 519 feet, widely described as the tallest building on Miami Beach. The height matters, but not as a headline. It resets sightlines and creates a new tier of view potential, especially for residences positioned for expansive city, bay, and ocean outlooks. The program is equally consequential. Five Park includes 50,000 square feet of amenities, signaling an all-hours lifestyle orientation: wellness, social spaces, and remote-work rhythms designed for daily use, not a single showpiece lounge. The building also incorporates a 553-space parking garage, an operational advantage on a barrier island where convenience and discretion are part of the luxury contract. Design pedigree is central. The architecture is by Arquitectonica, with interiors credited to Gabellini Sheppard and Anda Andrei. For discerning buyers, these names imply discipline, proportion, materiality, and light doing the heavy lifting, leaving owners to furnish the narrative through art and personal collections. Five Park has begun closings after receiving a temporary certificate of occupancy, shifting the conversation from renderings to lived experience. That is where reputations are earned, because the real test of a luxury tower is not opening day, but how it performs on an ordinary Tuesday. A note for the truly risk-aware: there has been litigation tied to alleged issues around promised “guest units/guest suites.” In any new-construction purchase, buyers should prioritize document review and clarity on what is deeded, what is shared, and what is governed by building rules. For readers tracking the submarket, Five Park Miami Beach is a useful reference point for how this benchmark is positioning itself within South of Fifth.
Canopy Park: when a condo tower changes the neighborhood, not just the skyline
The most revealing detail about Five Park may be next door. As part of the project, Canopy Park was created as a 3-acre public park. In a market where luxury can feel sealed off, an adjacent green space reframes the arrival experience and the daily atmosphere. Canopy Park is planned with features such as a children’s playground, a dog park, and fitness elements. This matters even for buyers who may never use the playground. The point is energy and stewardship: a well-conceived park draws locals, supports walkability, and keeps the neighborhood active beyond peak season. Over time, the best amenity is often not upstairs, it is the environment you step into when you leave the lobby. This is also where Miami Beach’s luxury market is sharpening: the boundary between private and public realm is being designed, not left to chance.
The Perigon: boutique scale with an ocean-to-bay advantage
If Five Park is a statement of vertical ambition, The Perigon is a study in controlled scarcity. Positioned as a boutique condominium with 73 residences on a dual-waterfront, ocean-to-bay site along Collins Avenue, the land itself is the differentiator. It suggests not only views, but optionality: sunrise-to-sunset water exposure and a broader sense of openness than a typical single-frontage parcel. The architecture is by OMA, led on the project by Jason Long. The form is described as a composition of rotated, diamond-like volumes, an approach that reads as intentional for angled sightlines and privacy as much as for visual impact. In a market where glass towers can blur together, distinctive massing becomes part of an asset’s long-term identity. Resilience is integrated into the concept. The Perigon lifts occupied areas above the flood line on columns, aiming for porosity and view corridors across Collins Avenue. In a coastal market, the most future-forward luxury is not a trend finish; it is the confidence that the building’s relationship to water was considered from the first sketch. Interiors are credited to Tara Bernerd & Partners, with landscape design by Gustafson Porter + Bowman. Together, it signals a holistic approach: a tower intended to feel composed from curb to canopy to private interior. For buyers comparing new inventory along the water, The Perigon Miami Beach reflects a different thesis than the mega-amenity high-rise: fewer residences, stronger authorship, and a site that does not come around often.
Connectivity, entrances, and the luxury of easier movement
Miami Beach’s most valuable neighborhoods often hinge on a surprisingly practical factor: how frictionless it feels to arrive, move, and leave. A Fifth Street pedestrian bridge project has been publicly disclosed with a groundbreaking in February 2025, intended to improve pedestrian connectivity at the entrance to South Beach. For residents, that kind of infrastructure can redraw the lived map of the city. Better pedestrian movement supports healthier routines, encourages dining and retail by foot, and reduces the psychological distance between South of Fifth and the broader island. It also shapes perception. In premium markets, buyers pay for a sense of control. When a neighborhood feels coherently connected, it reads as more stable, more legible, and more mature.
The Collins Avenue continuum: from legacy glamour to a sharper modernity
Collins Avenue remains the spine of Miami Beach’s luxury imagination, including the oceanfront stretch long associated with historic wealth and landmark condominium living. The new wave does not reject that legacy, it refines it. On one end is the boutique ideal: limited residence counts, prominent design authorship, and sites where water is an all-day presence. On the other is the vertical-club model: towers that deliver a comprehensive amenity ecosystem and use height to produce a different kind of privacy. For buyers who want immediate proximity to established South Beach energy, buildings like Apogee South Beach help frame what enduring South of Fifth prestige looks like alongside the new generation. For those who prefer hospitality-influenced living and a Miami Beach address that emphasizes service and finish, Casa Cipriani Miami Beach marks another point on the spectrum, underscoring how lifestyle branding continues to evolve on the island.
What today’s buyers are really underwriting
In ultra-premium real estate, decisions rarely hinge on a single attribute. They are driven by a stack of quiet assurances. First, architecture and interiors. Names like Arquitectonica, OMA, Gabellini Sheppard, Tara Bernerd & Partners, and Gustafson Porter + Bowman are not decorative marketing, they signal process and standards. Second, the amenity thesis. Five Park’s 50,000 square feet of amenities reflects a commitment to on-site living. The Perigon’s boutique scale signals a different luxury: fewer neighbors, a more curated atmosphere, and a building that reads as a private address. Third, resilience and public realm. Elevating occupied areas above the flood line, preserving view corridors, and delivering an adjacent 3-acre park can sound like planning details, but they also function as value insurance. These moves answer the questions sophisticated buyers increasingly ask without fanfare: How will this feel in five years? In fifteen? Finally, governance and clarity. Any high-value purchase benefits from disciplined review of what is guaranteed, what is optional, and what is subject to condominium rules. At the top end of the market, peace of mind is a line item.
FAQs
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Is Five Park currently complete? Yes. It has been completed and has begun closings after receiving a temporary certificate of occupancy.
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How tall is Five Park? Five Park rises 48 stories and is approximately 519 feet tall.
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What is the amenity scale at Five Park? The building includes about 50,000 square feet of amenities designed for daily living.
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Does Five Park include parking? Yes. It includes a 553-space parking garage.
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What is Canopy Park in relation to Five Park? Canopy Park is a 3-acre public park created as part of the broader project.
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What features are planned for Canopy Park? The park includes elements such as a children’s playground, a dog park, and fitness features.
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What makes The Perigon’s site distinctive? It occupies an ocean-to-bay, dual-waterfront site along Collins Avenue.
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How many residences are planned at The Perigon? The Perigon is positioned as a boutique condominium with 73 residences.
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Who is behind The Perigon’s design? The architecture is by OMA, with interiors credited to Tara Bernerd & Partners.
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What nearby improvement could change walkability in South Beach? A Fifth Street pedestrian bridge project is intended to improve pedestrian connectivity at the entrance to South Beach.
For tailored guidance, speak with MILLION Luxury.
Million Luxury
Million Luxury
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