Building facts
- Address
- 942 NE 1st Avenue
- Neighborhood
- Downtown Miami
- Year built
- 2026
- Floors
- 50
- Residences
- 278
- Status
- Pre-Construction
- Developer
- Royal Palm Companies
- Architect
- Kobi Karp
- Pricing
- Sold Out!
942 NE 1st Avenue, Miami, Florida 33132 | Neighborhood: Downtown Miami
Rising 50 stories over the Miami skyline, Legacy Residences Miami Worldcenter will be a Miami new construction for sale mixed-used building with both hotel and 278 luxury residential condominiums. The condo residences will be delivered fully furnished and the building will not have any rental restrictions, allowing owners to rent their units short term. Legacy Residences at Miami Worldcenter is expected to be completed in 2024.
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Legacy Residences at Miami Worldcenter has been stalled since March 2024 and is the subject of a foreclosure action. Monarch Alternative Capital acquired the $340 million construction loan and sued to foreclose in July 2025; developer Dan Kodsi missed a $32 million bond deadline on 22 September 2025, ending his settlement protections. No reporting after October 2025 shows construction restarting. The tower was planned at 50–51 storeys and 690 feet with 310 condominiums and 219 hotel keys, architecture by Kobi Karp. If you hold a contract here, speak to a real-estate attorney before doing anything else.
Verified 3 August 2026. Source: The Real Deal, 1 Oct 2025
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