The Crosby
Miami's first purpose-built short-term rental tower, for better and worse
The Rundown
The Crosby is a 31-story, 450-unit tower developed by Related Group and Merrimac Ventures, designed by Cohen Freedman Encinosa with interiors by AvroKO. It opened in early 2025 as one of the first condo buildings in Miami explicitly designed for short-term rentals. Every unit comes fully finished and furnished, with no rental restrictions, 365 days a year. Think hotel-quality finishes in a condo wrapper. It's a bet on Miami's booming short-term rental market, and Related Group, while one of the most prolific developers in South Florida, is not known for top-tier build quality. One major red flag: only 3 passenger elevators for 450 units gives it the worst elevator density in Greater Downtown Miami. With constant short-term rental turnover, expect elevator waits.
The Crosby is a very specific product for a very specific buyer. If you're looking for a turnkey short-term rental investment in the heart of Miami World Center, it checks a lot of boxes. Related Group built it, but they're strictly a developer, not a property manager. Once the building is handed off to the HOA, the long-term management quality is an open question. Related's construction quality tends to be fair to average, so don't expect luxury-grade finishes. The units come ready to list on day one, the amenities are strong, and the location will only get better as the neighborhood fills out. But you need to go in with eyes open: no parking, small units, heavy construction on the street for the next 1-2 years, and zero historical performance data since it just opened. It's an early-adopter play. If the short-term rental market stays strong and Miami World Center delivers on its vision, this could be a solid investment. If you're looking for a place to actually live full-time, there are better options in the area for the money. A fair 3 stars, with upside potential as the neighborhood matures and the building proves itself over time. The 150:1 elevator ratio is the worst downtown and a genuine design flaw for a short-term rental building.
✦ Ask Chris AI about The CrosbyWho Lives Here
This is not your typical condo crowd. The Crosby attracts investors first and foremost, people looking to run short-term rentals on Airbnb, VRBO, Booking.com, and similar platforms. You'll also find snowbirds who want a turnkey Miami pad for part of the year and rent it out the rest. Some digital nomads and remote workers use it as a home base. Because it's designed for transient use, don't expect the tight-knit community vibe you'd get in a traditional residential building. Your neighbors will rotate. If you want a building where you know everyone in the elevator, this isn't it. If you want a well-managed investment property in a prime location with zero rental hassle, this is exactly it.
The Neighborhood
The Crosby sits in the heart of Miami World Center, one of the largest urban development projects in U.S. history. The 27-acre master plan is still very much under construction, which means the neighborhood is actively transforming around you. The upside is massive, the area will eventually have world-class retail, dining, and entertainment at your doorstep. The downside is that right now, you're living in a construction zone.
Miami World Center
The massive mixed-use development surrounding the building. Retail, dining, and entertainment are still filling in, but the vision is a walkable urban core rivaling anything in the U.S.
Okan Tower
The Hilton-branded supertall going up directly across the street. It's going to be a landmark when finished, but right now it means cranes and construction noise.
600 Miami WorldCenter
Another major residential tower under construction to the east. More density coming, more construction in the short term.
Downtown 6 (Melo Group)
Melo Group's latest project, also across the street. The entire block is a construction corridor right now.
Metromover Station
Free elevated train with stops nearby. Connects you to Brickell, the Brightline station, and the rest of downtown without a car.
Kaseya Center
Home of the Miami Heat, plus major concerts and events. Great for entertainment, but event nights mean traffic.
◆ What's Changing
Here's the honest truth: the street The Crosby is on will be under heavy construction for at least another 1-2 years. Okan Tower, 600 Miami WorldCenter, and Downtown 6 are all going up simultaneously on the same corridor. That's a lot of noise, dust, and traffic disruption in the short term. But when it's all done? This block will be one of the most vibrant stretches in all of downtown Miami. You're buying into the construction pain now for the long-term upside. Classic early-adopter play.
What You Get
Pool & Recreation
- ✓Rooftop resort-style pool with jacuzzi
- ✓Cabanas and grilling stations
- ✓Italian-inspired trellis garden
- ✓Fire pit lounge with Biscayne Bay skyline views
Fitness & Wellness
- ✓State-of-the-art fitness center
- ✓Saunas
- ✓Plunge pools
Social & Entertainment
- ✓Private rooftop restaurant/bar
- ✓Clubroom with private dining
- ✓Gaming lounge
- ✓Juice and coffee bar
Business & Work
- ✓Spacious coworking center
- ✓High-speed WiFi throughout
Building Services
- ✓24/7 concierge
- ✓24/7 security
- ✓Smart keyless entry (app, keycard, Apple Watch)
- ✓Brilliant smart-home system in every unit
- ✓Valet parking available (not included)
- ✓In-house rental management program
Elevator Experience
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