The Crosby At Miami Worldcenter

Building facts

Address

601 North Miami Avenue

Neighborhood

Downtown Miami

Year built

2025

Floors

33

Residences

450

Status

Completed

Developer

Related Group

Architect

Cohen Freedman Encinosa

Pricing

Sold Out!

✓Verified 26 August 2026Property Search6 sources

Sources

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The lobby at The Crosby at Miami Worldcenter

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The lobby at The Crosby at Miami Worldcenter

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A residence kitchen and living area at The Crosby

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A residence bedroom at The Crosby at Miami Worldcenter

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A residence bedroom at The Crosby, looking over downtown

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The rooftop dining room at The Crosby at Miami Worldcenter

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The rooftop terrace at The Crosby at Miami Worldcenter

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A residence at The Crosby at Miami Worldcenter

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A residence at The Crosby at Miami Worldcenter

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A residence at The Crosby at Miami Worldcenter

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A residence at The Crosby at Miami Worldcenter

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The rooftop pool at The Crosby at Miami Worldcenter

By Josh Stein — Miami real estate sales associate, Florida license SL3057661. Selling Miami luxury property since 2002, with more than $1 billion closed.

⚠️ About the grey “Building facts” box above this line. It is generated automatically by the site template and it is out of date: it still reads Status: Pre-Construction, Pricing: Sold Out! and Residences: 450. None of those is correct — the building was completed in 2025, 136 of its 466 homes carry no recorded deed, and it is not sold out. That box cannot be edited from this page. Everything below is taken from the Miami-Dade County record on 26 August 2026 and supersedes it.

What this page got wrong, and what is true

Until August 2026 this page carried a headline reading “Pre-Construction Opportunity”, a specification box giving the year built as “Est. 2025”, the words “Sold out!”, and a sentence saying prices “start in the low 300’s”. It also advertised a single last remaining unit at $740,000. Every one of those statements has been checked against the Miami-Dade County record and the development trade press, and every one of them was either out of date or wrong.

The Crosby is finished. The Property Appraiser records the year built as 2025, and the condominium declaration — recorded as MWC BLOCK G TOWER 2 CONDO at Official Records Book 34990, Page 1786 — has been carved into 467 folios: 466 residential homes and one commercial unit. Deeds have been recording since 2025. The building is occupied.

That matters more than a tidy-up of stale marketing copy. A buyer arriving at a page headed “pre-construction” expects to be buying from a developer, on a deposit schedule, against a future delivery date. At The Crosby you would be buying a finished home in a functioning condominium association, from a private seller or from remaining developer inventory, and closing on ordinary terms. Those are different transactions with different risks, different financing and different negotiating positions.

The specification box also gave the developer as Related Group. The building was developed by DT G Block LLC, a joint venture of Related Group and Merrimac Ventures, the Motwani family company that is one of the master developers of Miami Worldcenter itself. Florida YIMBY reported the joint venture securing a $94.2 million construction loan from Bank OZK in May 2023.

What the recorded deeds actually show

This is the part no marketing page will give you, because it is the part that can be checked. I pulled all 467 folios in the declaration directly from the Miami-Dade Property Appraiser on 26 August 2026 and totalled the recorded transactions.

Across 2025 and 2026 there are 316 qualified arm’s-length sales, after removing deeds that span more than one folio:

• 2025 — 120 sales. Median $639,000. Range $344,900 to $984,000. Median $997 per square foot.
• 2026 to 26 August — 196 sales. Median $609,500. Range $386,100 to $1,080,000. Median $968 per square foot.

Taken together that is a median of $615,000 and $983 per square foot across the building.

Read the year-on-year difference carefully. The median price falls 4.6% and the median price per square foot falls 2.9%. The direction is probably real. The magnitude is not something one year of data can establish, and there is a specific reason to be cautious here: these are overwhelmingly first conveyances, not resales. They are the original buyers taking title as the building delivered. Which homes closed in which month is a function of the developer’s closing schedule and the mix of floors and layouts coming online, not only of what the market was paying. A building whose larger two-bedrooms happened to close early and whose studios closed later will show a falling median with no change in value whatsoever. I would not tell you this building is losing value on this evidence, and nobody else should either.

For the same reason, the turnover rate I publish for established Miami condominiums — homes divided by the four-year average of qualified sales — cannot be computed here and is not quoted. The Crosby has no resale history yet. Ask me again in 2028.

The 2026 assessed values give an independent cross-check. The county assesses the 466 residential homes at a combined $236,401,280, a median of $485,760, ranging from $324,000 to $837,100. Add the 3,412 square foot ground-floor commercial unit at $1,364,800 and the whole building is assessed at $237,766,080. Assessed values sit consistently below recorded sale prices here, which is normal and is not a discount you can buy at.

Arrival

The lobby, photographed after completion. The Crosby is finished — everything below is a record of what it has actually sold for.

Why the smallest homes cost the most

Break the same 316 sales down by size and something appears that a single building-wide median completely hides:

• 260 sq ft studios — 14 sales, median $449,000, median $1,727 per square foot
• 300 to 498 sq ft — 45 sales, median $490,500, median $1,137 per square foot
• 499 to 699 sq ft — 172 sales, median $611,500, median $981 per square foot
• 700 to 899 sq ft — 43 sales, median $669,000, median $863 per square foot
• 900 to 1,074 sq ft — 42 sales, median $897,500, median $929 per square foot

The price per square foot doubles as the homes get smaller. A 260 square foot studio trades at roughly 1.9 times the rate per foot of a 900-plus square foot two-bedroom.

That is not a quirk of a thin sample. It is the entire economic logic of this building showing up in the deed record. A home let by the night earns broadly per key, not per square foot: a studio and a one-bedroom in the same tower, on the same booking platform, in the same week, do not command nightly rates in proportion to their floor area. So the smallest, cheapest-to-build unit produces the best yield on capital, buyers bid accordingly, and price per square foot inverts. You see the same shape in condo-hotel stock across Miami. You do not see it in conventional residential towers, where the largest homes almost always command the highest rate per foot.

The practical consequence for a buyer is blunt. If you are buying here to live in, you are buying in the part of the building where the pricing works against you — the larger homes are better value per foot but sit in a building designed around short stays. If you are buying to let, the studios are where the model concentrates, and they are priced accordingly. Decide which of those two buyers you are before you look at a floor plan.

One footnote on the county record, because it bears on the above. The marketing for The Crosby described residences from 350 square feet; a later trade report put the studios at 300 to 400. The county measures 30 homes at 260 square feet, each with a bathroom, a real assessed value between $324,000 and $348,840, and an undivided common-element share of 0.0855%. They are unambiguously homes, and they are smaller than anything the marketing described.

How much of the building is really sold?

The page said “Sold out!” and offered one last unit. The county record does not support that.

Of the 466 residential folios, 330 (70.8%) carry at least one recorded deed. The remaining 136 (29.2%) carry no recorded deed of any kind.

Be precise about what that does and does not mean. An unconveyed folio is one where title has not transferred and been recorded. It is consistent with unsold developer inventory; it is also consistent with a home under contract that has not closed, or with a recording that has not yet reached the Property Appraiser’s file. It is not proof that 136 homes are sitting empty and available. What it does establish is that a building where nearly three in ten homes have never changed hands is not “sold out”, and a page advertising a single remaining residence is not describing this building.

The clearest single illustration is the unit the page named. It advertised #1709 at $740,000 as a two-bedroom, two-bathroom home. The county records unit 1709 — folio 01-3137-040-3180 — as a 260 square foot studio with zero bedrooms and one bathroom, assessed for 2026 at $330,000, which sold on 13 February 2026 for $463,000 on a qualified warranty deed. It was not available, it was not a two-bedroom, and $740,000 was not its price.

The residences

These are the homes the section above is pricing. Read them beside the point that the smallest ones cost the most per foot.

The rental model and what to verify

The Crosby was marketed from the beginning on the freedom to rent. At the January 2022 launch, Bisnow reported the residences as carrying no restrictions on rentals, with owners free to let for any duration through Airbnb, Vrbo, a broker or directly. Nitin Motwani of Merrimac Ventures was quoted saying buyers “love that flexibility because it allows them to use the unit when they’re in town and rent it when they’re not.” PROFILEmiami described the building as free of rental restrictions the same week, and Florida YIMBY reported in 2023 that the approved project permits short-term rentals.

So unlike some pre-construction pages on this site, the claim here is genuinely on the record and attributable. That still is not the same as a legal guarantee to you as a buyer, and I will not present it as one.

What actually governs how you may let your home is the recorded declaration of condominium and the association’s rules made under it, not a developer’s launch-day press release. The declaration exists and it is public: Official Records Book 34990, Page 1786. Before you buy here on the strength of a rental strategy, get that document and read the use and leasing provisions, then get the association’s current rules and any amendments adopted since the declaration was recorded. Rules can be amended. Municipal and county short-term-rental regulation can also change independently of anything the association does, and it has changed repeatedly in Miami-Dade over the past decade. If a projected nightly yield is what makes your purchase work, have your attorney confirm it in writing against the recorded documents.

A tower built with no parking at all

This is the most unusual thing about the building and the current page does not mention it. Florida YIMBY, reporting the August 2023 vertical construction permit, recorded that the development would “omit parking facilities” — 33 storeys and 450-plus homes with no garage.

That was a deliberate bet on location. The Crosby sits inside Miami Worldcenter, a short walk from Brightline’s MiamiCentral station and on the Metromover loop, in a district where a car is genuinely optional. For a building whose homes are designed to be let by the night to visitors arriving by train or from the airport, it is coherent. For an owner-occupier who owns a car, it is a real constraint, and it is one you should price. Parking in the surrounding Worldcenter garages is available but it is a separate, ongoing, third-party cost that is not part of your maintenance fee and not under the association’s control. Ask what monthly parking near the building costs today, and treat that as part of your carrying cost.

The building, the team and the amenities

The Crosby rises 33 storeys to a structural height of 376 feet (390 feet above sea level) on the block at 601 North Miami Avenue. The permit issued on 7 August 2023 recorded a gross area of 394,240 square feet, of which 391,080 is residential and 3,370 is ground-floor retail, with a stated construction cost of $68,376,876. The county has since folioed that retail as a single commercial condominium unit of 3,412 square feet.

The architect is Cohen Freedman Encinosa & Associates, interiors are by the New York firm AvroKO, and Beauchamp Construction was the general contractor. Sales were handled by OneWorld Properties. The name is a reference to Crosby Street in SoHo, which Related’s Nick Perez explained at launch as an attempt to find “a name that resonated with people” for what he called the new centre of downtown.

Homes were delivered fully finished and furnished, which is central to the nightly-rental proposition — a buyer takes possession of a lettable unit rather than an empty shell. Residences carry nine-foot ceilings, floor-to-ceiling glass, a balcony, Italian cabinetry, Bosch appliances, full-size washer and dryer, built-out closets, and a smart-home and keyless entry system.

The amenity deck runs to more than 22,000 square feet: a rooftop pool with jacuzzi, cabanas and grills, a rooftop restaurant and bar, a trellised garden, a fire-pit lounge, a fitness centre with saunas and plunge pools, a clubroom with private dining, a coworking centre, a gaming lounge, a juice and coffee bar, and 24-hour concierge and security.

The county’s unit numbering is worth one note if you are comparing floor plans. Unit numbers in the declaration run on floor prefixes from 2 to 39, skipping 10 and 13, while the developer, the architect’s permit and the trade press all describe a 33-storey building. Condominium unit numbering commonly skips and re-bases floors, so a “39th floor” unit number here does not mean 39 physical storeys. Confirm the actual floor level of any specific home rather than reading it off the unit number.

Amenities

A rooftop pool and terrace, a club lounge, a games room, a co-working floor, a fitness floor and a sauna — photographed, not rendered.

What to check before you buy here

If you are considering The Crosby, these are the things I would want established in writing, in this order:

• The declaration’s leasing provisions — Book 34990, Page 1786 — plus every amendment and the association’s current rules. The marketed rental freedom is well documented in the trade press; the binding version of it is in these documents.
• The actual recorded deed history for the specific home, not the building median. On the evidence above, a 260 square foot studio and a 1,074 square foot two-bedroom in this tower behave like two different assets.
• The association’s budget, reserves and current assessments, and whether the developer has turned control of the association over to the owners. In a building this new, the transition and the state of the reserves matter more than almost anything in the listing.
• What parking will cost you monthly in the surrounding garages, since the building provides none.
• Realistic occupancy and nightly rate evidence if you are underwriting this as a rental, along with management costs, platform fees, cleaning and the county tourist-tax obligations. A furnished handover is not a business plan.
• Whether the home you are shown is developer inventory or an owner resale, which changes who you are negotiating with and what is achievable.

None of that is a reason to avoid the building. The Crosby did something unusual and largely did it: it delivered a transit-adjacent, no-parking, furnished, short-stay tower inside the most connected block in downtown Miami, and 316 recorded deeds say buyers turned up for it. But it is a specialised asset, it is finished rather than pre-construction, it is not sold out, and the price per square foot works backwards from what most buyers expect. Go in knowing that.

The Crosby at Miami Worldcenter — Frequently Asked Questions

Is The Crosby at Miami Worldcenter still pre-construction?

No. The Miami-Dade County Property Appraiser records the year built as 2025, the condominium declaration has been recorded at Official Records Book 34990, Page 1786, and 330 of the building’s 466 homes have recorded deeds. The building is finished and occupied. Any listing describing it as a pre-construction opportunity is out of date.

Is The Crosby sold out?

Not according to the county record. As of 26 August 2026, 136 of the 466 residential folios — 29.2% — carry no recorded deed of any kind. That is consistent with remaining developer inventory, with homes under contract that have not closed, or with recording lag, but it is not consistent with a sold-out building.

What do homes at The Crosby actually sell for?

Across 316 qualified sales in 2025 and 2026 the median is $615,000, or $983 per square foot. In 2025 the median was $639,000 ($997 per square foot) across 120 sales; in 2026 to 26 August it was $609,500 ($968 per square foot) across 196 sales. Recorded prices span $344,900 to $1,080,000.

Why do the smallest units cost more per square foot?

Because the building is priced as a nightly-rental asset. A home let by the night earns broadly per key rather than per square foot, so the smallest unit gives the best yield on capital and buyers bid it up. Recorded deeds put the 260 sq ft studios at $1,727 per square foot against $929 for the 900 to 1,074 sq ft homes — roughly 1.9 times the rate for about a quarter of the space.

Can I rent my unit at The Crosby on Airbnb?

The building was marketed from launch as having no rental restrictions and as permitting short-term rentals, and that is documented in Bisnow, PROFILEmiami and Florida YIMBY. But what binds you is the recorded declaration at Book 34990, Page 1786, the amendments to it, the association’s current rules, and applicable municipal and county regulation — all of which can change. Have your attorney confirm it in writing before you rely on a rental strategy.

Does The Crosby have parking?

No. The approved plans omit parking facilities entirely, which Florida YIMBY reported when the vertical construction permit was issued in August 2023. The building was designed around its position beside Brightline’s MiamiCentral station and the Metromover. Parking is available in surrounding Miami Worldcenter garages as a separate third-party cost outside the association’s control.

How large are the homes at The Crosby?

The county records residences from 260 to 1,074 square feet, with a median of 634. That is smaller at the bottom than the marketing described — 30 homes measure 260 square feet, each with a bathroom and an assessed value between $324,000 and $348,840. The mix is 88 studios, 256 one-bedrooms and 92 two-bedrooms among the homes for which the county records a bedroom count.

Who developed The Crosby at Miami Worldcenter?

DT G Block LLC, a joint venture of Related Group and Merrimac Ventures, financed with a $94.2 million construction loan from Bank OZK. The architect is Cohen Freedman Encinosa & Associates, interiors are by AvroKO and Beauchamp Construction was the general contractor.

Sources and further reading

• Property Search — Miami-Dade County Property Appraiser (all 467 folios of MWC BLOCK G TOWER 2 CONDO, folio series 01-3137-040-0010 to -4670; year built, sizes, bedroom counts, assessed values, recorded sales and legal descriptions; retrieved 26 August 2026)miamidadepa.gov
• The Crosby At Miami Worldcenter Gets Permit For Vertical Construction — Florida YIMBY, 18 August 2023 (permit issued 7 August 2023, 33 storeys, 376 feet, 450 units, 394,240 sq ft gross, 3,370 sq ft retail, $68,376,876 construction cost, omits parking facilities, permits short-term rentals)floridayimby.com
• Related And Merrimac Secure $94.2 Million To Construct The Crosby At Miami Worldcenter — Florida YIMBY, May 2023 (Bank OZK loan, DT G Block LLC, 450 residences, architect and contractor)floridayimby.com
• Exterior Work Nears Completion on The Crosby at Miami Worldcenter — Florida YIMBY, April 2025 (33 storeys, 376 feet, 450 units, glazing nearing completion, construction on track to complete later that year)floridayimby.com
• Nitin Motwani And Related Group’s Nick Perez Team Up For Condo Project At Miami Worldcenter — Bisnow, 13 January 2022 (450 units, 350–825 sq ft, from the $300,000s, no rental restrictions, Motwani and Perez quoted, OneWorld Properties)bisnow.com
• Related Group and Merrimac Ventures Launch The Crosby Miami Worldcenter Condo With No Rental Restrictions In Downtown Miami — PROFILEmiami, 11 January 2022 (launch, 450 turn-key residences, 22,000+ sq ft of amenities, CFE Architects, AvroKO)profilemiami.com

Thinking about buying at The Crosby?

It is a finished building, it is not sold out, and the price per square foot runs backwards from what most buyers expect. I can pull the recorded deed history for the exact line and floor you are looking at, and read the declaration’s leasing provisions with you before you commit.

ASK JOSH ABOUT THE CROSBY

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