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Legacy Hotel & Residences at Miami Worldcenter

New Renderings Revealed for Legacy Residences at Miami Worldcenter

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Legacy Hotel & Residences at Miami Worldcenter

Following the purchase of additional property for the Legacy Residences at Miami Worldcenter tower project, developers have recently released updated designs.

According to a letter from the developers, the recently purchased site offered a chance to increase the size of the medical office component.

The building’s remaining spaces are made up of a 218-room hotel, a condominium with 308 residences, and several levels of office space that will contain a top-notch medical institution.

Elevations included with the application show the spire rising to a height of about 60 feet at the tower’s summit. The Project has a comprehensive list of wellness amenities, as well as a number of swimming pools, hotel ballrooms, and a sky club.

On April 19, the Miami UDRB unanimously decided to advise in favor of approving the suggested design revisions. Prior to the enlargement, the project obtained approval in 2021, and vertical construction has already started.

Building Amenities:

  • Signature international restaurant
  • Full-service cafe with locally sourced baked goods
  • Grand ballroom and event spaces
  • Shul with a kosher kitchen
  • Largest hotel pool deck in Downtown Miami
  • Rooftop atrium with event space, full-service bar, an infinity-edge pool, and sundeck
  • International business lounge
  • Microluxe residences with a high-end, high-touch holistic lifestyle experience
  • Health and Wellness
    • 50,000-square-foot medical clinic with suites for health and performance
    • VIP health club with operating rooms and private VIP entrance
    • Diagnostic testing and imaging
    • Advanced performance testing center
    • Vitality spa

Residences Amenities:

  • Fully furnished residences
  • Floor-to-ceiling glass windows
  • Custom kitchen and bath cabinetry with stone finishes
  • Kitchen appliances by Bosch (or comparable)
  • Electrolux (or comparable) stackable washer and dryer

If you or someone you know have an interest in purchasing at Legacy Residences at Miami Worldcenter, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Legacy Residences at Miami Worldcenter
Legacy Hotel & Residences
LEGACY TOWER

Legacy Hotel and Residences Construction Update

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Legacy Hotel and Residences at Miami Worldcenter has recently completed the foundation pour making it one step closer to going vertical.

LEGACY TOWER

Legacy Hotel & Residences began selling in late 2019 and despite the pandemic, it is already entirely pre-sold, with $160 million in sales.

The luxury tower located at 942 Northeast First Avenue, will rise 55 stories making it the second tallest tower at Miami Worldcener. This mixed-use development will feature 310 residential units, 219 luxury hotel rooms, a business center, a medical office, retail space, and a rooftop atrium.

The residences will include studio to 2 bedroom floor plans with 368 to 964 square feet options. The units will be fully finished and furnished. One of the unique things about Legacy is that residents will be able to rent their units without any restrictions. This includes utilizing a short-term rental company, whether its the Legacy’s rental program, Airbnb, or VRBO

In December 2021, the developers for Legacy secured the construction financing marking it as the third-largest construction loan ever made in Florida at $334 million.

Construction is anticipated to be complete in 2024.

Legacy Hotel and Residences Construction

Miami Worldcenter Pan Am Globe

Spinning Pan Am Globe Installed at Miami “World”center

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Miami Worldcenter Pan Am Globe

Since the Miami Museum of Science closed its South Miami Avenue building in 2015, the enormous 1934 Pan Am globe of the world that once welcomed guests to the museum. The massive and vibrant sphere has since undergone substantial restoration, and it has been placed in its new, permanent outdoor location at the massive Miami Worldcenter complex in the Park West neighborhood.

In South Florida, the globe is a significant historical item. The former Pan American station on Dinner Key, which is now Miami City Hall, is where the 31-foot-5-inch, 6,500-pound globe was began.

Since moving it to the Frost Museum’s new facility would have been too difficult, the Miami Worldcenter will start spending $700,000 starting in 2020 to restore and weatherproof the globe with its original “approximately 1934” era lines.

A representative of the Miami Worldcenter stated “The Pan-Am globe depicts the world at a critical point in history – prior to World War II and when Miami was first realizing its position as a gateway for tourism and transportation.”

“It was important to the museum to find a partner that would care for this historic piece and ensure that the community can continue to enjoy this local icon,” stated the President and CEO of the Frost Museum.

Once complete, the Miami Worldcenter will feature 27-acres of retail, restaurants, shopping venues, and entertainment destinations. Retail will include 300,000 square feet of space and 40+ businesses.

Some notable retailers have already signed leases for the Miami Worldcenter which include Bowlero, Lucid Motors, and Sephora. Two luxurious restaurants are also named as the new lease holders, Maple & Ash and Laurel Brasserie. Maple & Ash is a famous Chicago restaurant that has now expanded to Arizona and now Miami. Laurel Brasserie is Miami Chef’s Michael Beltrans creation, with an anticipated opening date this summer.

The residential towers in Miami Worldcenter include: Legacy Hotel & Residences, Paramount Miami Worldcenter, Bezel, Caoba, and The Crosby.

Legacy Hotel and Residences Miami

Developers for Legacy Hotel & Residences Receives Third Largest Construction Loan Ever in Florida

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Legacy Hotel and Residences Miami

Developer Dan Kodsi’s Royal Palm Companies recently received a $340 million construction loan for Legacy Hotel & Residences. New York-based real estate lending joint venture Silverstein Capital Partners, provided the loan for a condo-hotel construction tower that will be located in Downtown Miami at Miami Worldcenter.

According to a press release, the financing is the third-largest construction loan ever made in Florida, behind two others for projects in Miami-Dade. The other two loans were for the building of The Estates at Acqualina in Sunny Isles Beach ($558 million) and Five Park in Miami Beach ($345 million).

Legacy Hotel & Residences began selling in late 2019 and despite the pandemic, it is already entirely pre-sold, with $160 million in sales.

The luxury tower located at 942 Northeast First Avenue, will rise 50 stories at 668 feet tall making it the second tallest tower at Miami Worldcener. This mixed-use development will feature 312 residential units, 262 luxury hotel rooms, a business center, medical office, retail space, and rooftop atrium.

The residences will include studio to 2 bedroom floor plans with 368 to 964 square feet options. The units will be fully finished and furnished. One of the unique things about Legacy is that residents will be able to rent their units without any restrictions. This includes utilizing a short-term rental company, whether its the Legacy’s rental program, Airbnb, or VRBO.

Not only is this loan one of the largest construction loans in Florida but this is also Silverstein Capital Partner’s first South Florida loan. Larry Silverstein of Silverstein Properties is an affiliate of the financial group and also led the development of the World Trade Center after 9/11.

Kobi Karp Architects, Design Agency, and ID & Design International designed the structure.

The ground-breaking for Legacy Hotel & Residences occurred in August 2021 and is expected to reach top-off in 2024.

Legacy Hotel & Residences at Miami Worldcenter
Groundbreaking for Legacy Hotel and Residences Miami

Legacy Hotel & Residences Breaks Ground

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Groundbreaking for Legacy Hotel and Residences Miami
Photo Credit: owpbrokers

The highly anticipated Legacy Hotel & Residences finally broke ground today at the development site located at 942 NE 1st Avenue in the heart of downtown Miami. In attendance was Ken Russell (City of Miami Commissioner), representatives of Royal Palm Companies, and Peggy Olin (Owp Property representative).

Also known as Legacy Miami Worldcenter, Legacy is one of the newest pre-construction residential towers located in Park West Miami. The luxury tower will rise 50 stories at 668 feet tall making it the second tallest tower at Miami Worldcener. This tower sold out of all the units prior to the groundbreaking and is the first development to sell out prior to construction.

This mixed-use development will feature 312 residential units, 262 luxury hotel rooms, a business center, medical office, retail space, and rooftop atrium with all of the luxury amenities a 5-star hotel could offer.

Legacy Hotel and Residences Miami

The residences will include studio to 2 bedroom floor plans with 368 to 964 square feet options. The units will be fully finished and furnished. One of the unique things about Legacy is that residents will be able to rent their units without any restrictions. This includes utilizing a short-term rental company, whether its the Legacy’s rental program, Airbnb, or VRBO.

CONSTRUCTION INFORMATION

  • DEVELOPER: ROYAL PALM COMPANIES
  • ARCHITECT: KOBI KARP
  • DESIGNER: ID & DESIGN INTERNATIONAL

HOTEL AREAS (GROUND LEVEL AND PEDESTAL)

  • SPECTACULAR 40 FT. HIGH LOBBY WITH GLASS ELEVATORS
  • SIGNATURE INTERNATIONAL RESTAURANT
  • FULL-SERVICE CAFÉ WITH LOCALLY SOURCED BAKED GOODS
  • FIRST OF ITS KIND INTERNATIONAL BUSINESS LOUNGE
  • GRAND BALLROOM AND EVENT SPACES
  • SHUL WITH KOSHER KITCHEN

ONE ACRE POOL DECK (9TH FLOOR)

  • LARGEST DOWNTOWN HOTEL POOL DECK
  • MULTIPLE WATER FEATURES AND FULL-SERVICE POOL
  • SIGNATURE RESTAURANT SERVING ALL MEALS
  • BAR AND LOUNGE
  • LUXURIOUS DECK FURNITURE
  • LUSH LANDSCAPING
  • PLUSH CABANAS
Legacy Hotel & Residences Rooftop Atrium

ROOFTOP ATRIUM AND EVENT SPACE

  • DECADENT LOUNGE WITH SEATING AMIDST GARDENS
  • FULL-SERVICE BAR FOR INDOOR AND OUTDOOR SEATING
  • CANTILEVERED, INFINITY-EDGE, SINGAPORE INSPIRED POOL
    500-FEET IN THE AIR
  • ROOFTOP SUNDECK WITH ENDLESS DOWNTOWN VIEWS
  • PLENTIFUL EVENT SPACE

CENTER FOR HEALTH & PERFORMANCE

  • 50,000 SQ FT MEDICAL CLINIC WITH SUITES
    FOR HEALTH AND PERFORMANCE
  • DIAGNOSTICS AND TECHNOLOGY
  • VIP HEALTH CLUB WITH OPERATING ROOMS
    AND PRIVATE VIP ENTRANCE
  • ADVANCED PERFORMANCE TESTING CENTER

WELLNESS (SOME COSTS MAY APPLY BASED ON USAGE AND PROCEDURES)

  • MEDICAL FITNESS WITH PRESCRIPTION FOR HEALTH
  • VITALITY SPA
  • FITNESS STUDIOS
  • SPORTS MEDICINE/PHYSICAL THERAPY
  • EUROPEAN STYLED STEAM ROOM
  • RELAXING SAUNA
  • ALTITUDE TRAINING ROOM
  • CRYOTHERAPY CHAMBERS
  • JUICE/BEVERAGE BAR
  • IV NUTRITION THERAPY

All but 2 of the 312 units have sold for a combined value of $212 million. Average prices range between $350,000 to $2 million. Royal Palms closed on the construction loan in May 2021. Legacy Hotel & Residences is expected to be completed by 2024.

Legacy Hotel & Residences at Miami WorldCenter

Legacy Hotel & Residences Sells out at 100% at Pre-Construction

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Legacy Hotel & Residences at Miami WorldCenter

Legacy Miami Worldcenter also known as Legacy Hotel & Residences is one of the newest pre-construction residential towers located in Park West Miami. This luxury tower will rise 668 feet tall with 50 stories. This tower has officially sold out before the groundbreaking. According to the South Florida Construction Journal, this is the first development in downtown Miami to sell out prior to construction.

Centrally located at 942 NE 1st Avenue in the heart of the Miami Worldcenter ‘mega-development.’ This mixed-use project will feature 287 residences, 262, luxury hotel rooms, restaurants, business center, medical office, retail, and a rooftop atrium with multiple amenities. It will also be considered the second tallest tower at Miami Worldcenter.

Legacy Hotel & Residences Rooftop Amenities

The residences will consist of studios, one-bedroom, and two-bedroom floor plans ranging from 368 to 964 interior square feet. Developed by Royal Palm Companies with Kobi Karp as the architect and ID & Design International designing the interior space. This tower will feature state-of-the-art living without any rental restrictions. This allows homeowners to rent their units on a short-term basis through AriBnB, VRBO, or through Legacy’s rental program. The residences at Legacy Hotel & Residences will come fully furnished.

The sold units include a total of 310 with a combined value of $160 million. The average prices ranged between $350,000 to $2+ million. There are 8 penthouses remaining are subject to use for the hotel portion of the project.

RPC is currently closing on their construction loan and expects to announce that milestone soon. Construction permits are pending and site pre-work is estimated to begin the end of May and/or beginning of June 2021. Legacy Hotel & Residences is expected to be completed in 2024.