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The Crosby Miami Worldcenter Ground Level

The Crosby Miami Worldcenter Construction Update

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The Crosby Miami Worldcenter Ground Level

The 33-story Crosby Miami Worldcenter has reached a significant milestone, topping off according to Beauchamp Construction Co. This achievement marks the completion of the building’s structural framework, and a celebration was held on July 19th to commemorate this event.

The journey of the Crosby Miami Worldcenter began with its groundbreaking in January 2023. Now standing tall at a permanent height of 390 feet, this impressive tower is set to become a prominent feature of Miami’s skyline. The building boasts a variety of features that promise to enhance the living experience for its residents:

  • 450 Condo Units: These units are designed to allow short-term rentals, providing flexibility and potential income for owners.
  • 22,000+ Square Feet of Amenities: The extensive amenities include a range of recreational and leisure facilities to cater to the needs of residents.
  • Rooftop Bar and Restaurant: Offering stunning views of the city, the rooftop bar and restaurant are set to become popular spots for both residents and visitors.
  • 3,370 Square Feet of Retail Space: This retail space will add to the convenience of residents, providing easy access to various shops and services.

In a testament to its appeal, all units in the Crosby have already been sold. This rapid sell-out highlights the high demand for luxury living spaces in prime locations within Miami.

Despite the absence of a new parking garage within the building, residents of the Crosby will have access to parking facilities elsewhere in the Worldcenter. This arrangement ensures that convenience and accessibility remain top priorities for those living in the tower.

The topping off of the Crosby Miami Worldcenter marks a significant step in its development, bringing it closer to its final completion. With its array of amenities, strategic location, and luxurious living spaces, the Crosby is set to become a sought-after residence in Miami. As the building continues to take shape, it promises to deliver an exceptional living experience in the heart of the city.

The Crosby Miami Worldcenter Ground Level

The Crosby Miami Worldcenter Receives Construction Permit

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The Crosby Miami Worldcenter

The Crosby Miami Worldcenter, a future 33-story mixed-use building situated within Miami Worldcenter at 601 North Miami Avenue in downtown Miami, has recently received a construction permit from Miami’s Building Department. The 376-foot-tall building will include 450 units that can accommodate short-term rentals, more than 22,000 square feet of amenities, and 3,370 square feet of retail space.

Designed by Cohen Freedman Encinosa & Associates Architects, with interiors imagined by Avro|KO, and developed by DT G Block LLC, a joint venture between Related Group and Merrimac Ventures.

The vertical construction permit was issued on August 7th and states the anticipated gross square footage is 394,240. The construction expenses are around $68.4 million.

Residence Sizes

  • studios ranging from 300 to 400 square feet
  • 1-bedroom units with sizes of 600 to 650 square feet
  • 2-bedroom layouts covering around 825 square feet

Residence Features:

  • Avro|KO-curated furniture
  • 9-foot-tall ceilings with floor-to-ceiling glass windows
  • balcony with each residence
  • finished interior and exterior flooring
  • gourmet kitchens with custom Italian cabinetry
  • Bosch appliances including paneled refrigerator/freezer
  • dishwasher
  • built-in convection oven/microwave
  • cooktop
  • rain showers in primary bathrooms
  • custom Italian vanities
  • full-sized washer and dryer in the unit
  • contemporary lighting packages
  • smart-home systems with touchless controls including a smart keyless entry system accessible via smart app, door code, keycard, or Apple Watch

Building Amenities:

  • rooftop pool
  • Jacuzzi
  • cabanas
  • private restaurant/bar
  • fire pit lounge
  • fitness center with saunas/plunge pools
  • clubroom with private dining
  • co-working center
  • gaming lounge
  • media room
  • curated art
  • Security services and concierge assistance are available 24/7

Top-off and construction completion is expected in early 2025.

The Crosby Miami Worldcenter Lobby

Financing Secured for The Crosby Miami Worldcenter

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The Crosby Miami Worldcenter Lobby

The vertical construction of The Crosby Miami Worldcenter, which is positioned to provide further density to the existing buildings at Miami Worldcenter, has been successfully funded with a sizeable $94.2 million by The Related Group and Merrimac Ventures. According to building permits submitted to the FAA in January, the residential tower is planned to rise 33 floors high and is anticipated to reach its peak at about 377 feet above ground, or 390 feet above sea level.

The loan was given to DT G Block LLC, a joint venture organization connected to the developers, by the Arkansas-based Bank OZK. The project’s interior design and architectural design are being handled by AVRO|KO and Cohen Freedman Encinosa & Associates.

The Crosby Miami Worldcenter, which commenced work earlier this year, is planned to have 3,370 square feet of ground-floor retail space and 450 completely furnished, ready-to-rent condos.

The Crosby’s construction should advance more quickly now that the finance is secured. It will stand out for its remarkable architectural design, which embodies contemporary luxury. The tower’s sleek design, which is accentuated by modern finishes, is made to blend perfectly with Miami’s dynamic cityscape.

The Crosby is cleverly constructed to take full advantage of its location, with the lower floors laying out a sizable retail area that is open to the public. The amenities offered by the skyscraper are designed to fit a contemporary urban lifestyle. The Crosby residences’ allowance for completely furnished units to be posted for short-term rentals on websites like Airbnb represents an important trend in the Miami condo market and is a standout feature of the development.

Beauchamp Construction serves as the general contractor and according to the current schedule, The Crosby is expected to be complete in the first quarter of 2025.

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

The Crosby Miami Worldcenter

The Crosby Miami Worldcenter Construction One Step Closer to Breaking Ground

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The Crosby Miami Worldcenter

The Crosby Miami Worldcenter, has applied to the Federal Aviation Administration for height approval. According to a filing with the agency on January 12, the tower will be 377 feet above ground, or 390 feet above sea level.

The construction permit that was filed in July 2022 states that The Crosby will include 450 condo units and 3,370 square feet of retail in a 33-story tower.

The Crosby Miami Worldcenter will sit on 0.55 acres in the Park West neighborhood of Miami. The units themselves will be fully furnished and finished from studios to two-bedroom floor plans. Square footage will range from 350 to 825 square feet and pricing will begin in the low $300,000. Interiors will be curated by AvroKo.

Residence Features Include:

  • 9-foot-high ceilings with floor-to-ceiling glass windows
  • Balcony with every residence
  • Finished interior and exterior flooring
  • Gourmet kitchens featuring custom Italian cabinetry
  • Bosch appliances, including paneled refrigerator/freezer, dishwasher, built-in convection oven/microwave, and cooktop
  • Rain showers in primary bathrooms and custom Italian vanities
  • Full-size washer and dryer in unit
  • Fully built-out closets
  • Contemporary lighting packages, including recessed lighting, dimmers, and lighting control
  • Brilliant smart-home system offering seamless personalization with the touch of a button, including the ability to control audio, climate, window treatments, and lighting systems
  • Smart keyless entry system allowing you to unlock your door via smart app, door code, keycard, or Apple Watch

The Crosby will be designed by Cohen Freeman Encinosa (CFE) Architects. The design of the tower appears modern with floor-to-ceiling glass windows on every floor and expansive terraces throughout. The Crosby features over 22,000 square feet of luxury amenities from a rooftop pool to a ground-floor restaurant.

Tower Amenities Include:

  • Expansive rooftop resort-style pool with jacuzzi, cabanas, and grilling stations perfect for entertaining
  • Private rooftop restaurant/bar Italian-inspired trellis garden
  • Inviting fire pit lounge with breathtaking views of the Biscayne Bay skyline
  • State-of-the-art fitness center featuring saunas and plunge pools
  • Clubroom with private dining and stunning water views
  • Convenient juice and coffee bar
  • Spacious coworking center
  • Gaming lounge
  • Curated museum-quality art throughout all common areas
  • 24/7 security services, high-speed elevators, and controlled property access
  • 24/7 concierge services European porcelain flooring

The Crosby will have no rental restrictions and the buyers are able to rent out their units using any available platform for as many days as they would like. In the announcement, Related expects the buyers to be mostly investors due to there being no restrictions.

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

The Crosby Miami Worldcenter Ground Level
Miami Worldcenter Land Purchased for $30 Million

Co-Owner of E11even Nightclub and Partner at Titan Capital Acquired Land at Miami Worldcenter

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Miami Worldcenter Land Purchased for $30 Million

For $30 million, Lynd Living acquired a Miami Worldcenter development site from a business run by Marc Roberts, co-owner of the E11even nightclub, and Ira Saferstein, a partner at Titan Capital.

The $4 billion master-planned mixed-use project spanning 27 acres in the Park West neighborhood of downtown Miami has added the San Antonio-based company as the newest multifamily developer to the group of apartment builders.

According to public documents, a Lynd associate purchased the roughly 0.5-acre parcel of land at Northwest 10th Street and North Miami Avenue and secured a $22.7 million financing through TIG Romspen US Master Mortgage. According to a news statement, Kevin O’Grady and Justin Neelis from Concord Summit Capital handled the finance and Lynd has hired the company to find a construction loan. Additionally, Concord Summit mediated the sale.

IRR Parkwest Investments, led by Roberts and Saferstein, was sold by the Miami-based legal firm Adams Gallinar, which was represented by attorneys Michael Gallinar and Jason Camps.

A 650-unit apartment building is permitted on the site of the development. A residential tower is being planned, according to David Lynd, CEO of Lynd. “For the time being, we are keeping it quiet. We’ll release more information as we prepare to enter the market.

According to records, the vacant property was a component of a 1-acre assemblage that IRR purchased in 2020 for $26.7 million. The remaining property is still owned by Roberts and Saferstein. Roberts, a former boxing promoter, joined master developers Art Falcone and Nitin Motwani as an early investor in the Miami Worldcenter project in the early 2000s.

In March, the Miami Worldcenter development property at 1016 Northeast Second Avenue was purchased for $40.5 million by the New York-based Naftali Group and Chicago-based Akara Partners. The CEO of Naftali, Miki Naftali, is constructing two residential towers, but the company hasn’t said whether the structures would house condos or apartments.

Adam Neumann, a co-founder of WeWork, received $108 million in construction financing in February for a new apartment building on a bare lot at Miami Worldcenter. It shares a boundary with Caoba, a 40-story apartment complex at 698 Northeast First Avenue. Both the development site and Caoba’s ownership organization were purchased by Neumann.

The Crosby Miami Worldcenter

Just Revealed: Related and Merrimac Announces New Tower The Crosby Miami Worldcenter

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The Crosby Miami Worldcenter

Related Group and Merrimac Ventures are now teaming up to develop a residential tower with no rental restrictions in the heart of Miami, The Crosby Miami Worldcenter.

The Crosby Miami Worldcenter will sit on 0.55 acres in the Park West neighborhood of Miami. Rising 31 stories tall, the residential tower will feature 450 condo units. The units themselves will be fully furnished and finished from studios to two-bedroom floor plans. Square footage will range from 350 to 825 square feet and pricing will begin in the low $300,000. Interiors will be curated by AvroKo.

Residence Features Include:

  • 9-foot-high ceilings with floor to ceiling glass windows
  • Balcony with every residence
  • Finished interior and exterior flooring
  • Gourmet kitchens featuring custom Italian cabinetry
  • Bosch appliances, including paneled refrigerator/freezer, dishwasher, built-in convection oven/microwave, and cooktop
  • Rain showers in primary bathrooms and custom Italian vanities
  • Full-size washer and dryer in unit
  • Fully built-out closets
  • Contemporary lighting packages, including recessed lighting, dimmers, and lighting control
  • Brilliant smart-home system offering seamless personalization with the touch of a button, including the ability to control audio, climate, window treatments, and lighting systems
  • Smart keyless entry system allowing you to unlock your door via smart app, door code, keycard, or Apple Watch

The Crosby will be designed by Cohen Freeman Encinosa (CFE) Architects. The design of the tower appears modern with floor-to-ceiling glass windows on every floor and expansive terraces throughout. The Crosby features over 22,000 square feet of luxury amenities from a rooftop pool to a ground-floor restaurant.

Tower Amenities Include:

  • Expansive rooftop resort-style pool with jacuzzi, cabanas, and grilling stations perfect for entertaining
  • Private rooftop restaurant/bar Italian inspired trellis garden
  • Inviting fire pit lounge with breathtaking views of the Biscayne Bay skyline
  • State-of-the-art fitness center featuring saunas and plunge pools
  • Clubroom with private dining and stunning water views
  • Convenient juice and coffee bar
  • Spacious coworking center
  • Gaming lounge
  • Curated museum quality art throughout all common areas
  • 24/7 security services, high-speed elevators, and controlled property access
  • 24/7 concierge services European porcelain flooring

According to Nick Pérez, a Senior Vice President at Related, it took around two years to come to terms for the project with the managing partner at Merrimac and a co-developer, Nitin Motwani. The developers paid $12 million for the site.

The Crosby will have no rental restrictions and the buyers are able to rent out their units using any available platform for as many days as they would like. In the announcement, Related expects the buyers to be mostly investors due to there being no restrictions.

According to Motwani of Merrimac, “This will be the only for-sale product at Miami Worldcenter.”

The construction costs have not been disclosed and construction is expected to begin in 2023 with a completion date of 2025.