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Related Group And Merrimac Ventures Launch The Crosby Miami Worldcenter Condo With No Rental Restrictions In Downtown Miami
Posted On: January 11, 2022

A joint venture between Related Group (Related), one of the nation’s most prolific developers, and Merrimac Ventures, a leading South Florida-based real estate investment and development firm, have launched sales of The Crosby Miami Worldcenter (The Crosby). The 31-story tower set within Downtown Miami’s $4 billion 27-acre Miami Worldcenter mixed-use development will deliver 450 turn-key residences, free of rental restrictions. Groundbreaking is targeted for the first quarter of 2023 and delivery in the first quarter of 2025.

“The sales launch of The Crosby comes during a period of immense activity for Miami’s real estate market, with Downtown Miami one of the key beneficiaries,” said Nick Perez, SVP of Related. “Buyers are looking for multiple ways to live and invest, and The Crosby allows them to do both within the city’s most notable address, Miami Worldcenter.”

The Crosby is aimed at a new generation of buyers seeking attainable, flexible living in the core of one of the world’s most sought-after cities.

“Our vision for The Crosby at Miami Worldcenter will capture significant appetite among domestic and international buyers in the market for residential product in the heart of Downtown Miami,” said Nitin Motwani, Managing Partner of Merrimac Ventures. “Our team at Merrimac is looking forward to joining forces with Related on what will be a transformative residential development at the center of Miami Worldcenter’s ‘city within a city’ setting.”

The Crosby was designed as a collaboration between South Florida-based architecture firm CFE Architects, and New York-based interior designers AvroKO. Together, the duo created an urban oasis that that balances the calmness of a retreat with the energy and vibrancy of its surroundings.

Residence floorplans are designed to fit a range of lifestyles, spanning studio, one- and two-bedroom residences, which range from 350 to 825 square feet. Each turn-key home curated by AvroKO comes complete with open living areas, gourmet kitchens with state-of-the-art appliances, a spa-inspired master bath and smart home technology including keyless entry. Balconies feature 180- and 360-degree views of Downtown Miami.

Owners have access to over 22,000 square feet of amenity spaces spanning multiple floors. Amenities include a fitness and wellness center with saunas and plunge pools and a dedicated space for yoga and mat workouts; a spacious coworking center designed for solo or group work; and a clubroom featuring billiards, a theater and a private dining area for exclusive chef events and tastings. The Crosby will also feature museum-quality art in nearly every space, indoor and out.

Outside, owners and residents will enjoy a resort-style rooftop pool deck with a jacuzzi, poolside chaises, an Italian-inspired trellis garden and outdoor grills.

Pricing starts in the $300,000s with OneWorld Properties, led by CEO Peggy Olin, as the exclusive sales partner for The Crosby.

“OneWorld Properties has sold over 1,500 units in Downtown Miami alone, so we’re extremely in-tune with the market and the wants/needs of those looking to live and invest there. The Crosby checks all the boxes and more, so we look forward to working with Related and Merrimac to deliver a successful sellout.” Said Olin.

The Crosby is the latest residential offering within Miami Worldcenter, the $4 billion, 27-acre mixed-use development transforming the heart of Downtown Miami. As the second largest urban development in the U.S. after Hudson Yards, the ‘city within a city’ features a diverse mix of residential, commercial and hospitality uses complemented by approximately 300,000 square feet of retail, restaurant and entertainment space.

Miami Worldcenter occupies 10 city blocks within walking distance of the city’s top museums, parks, sports venues, dining and various other entertainment options, including Museum Park, home to the Pérez Art Museum Miami and the Frost Museum of Science; FTX Arena; the Adrienne Arsht Center for the Performing Arts; and Miami Dade College’s Downtown Miami campus. It is also adjacent to Brightline’s MiamiCentral Station, which offers direct train service to Fort Lauderdale and West Palm Beach – together with access to TriRail, the Metromover and the Metrorail – making Miami Worldcenter the largest and most connected transit-oriented development in Florida.

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