The Crosby Miami Worldcenter: The Short-Term-Rental Condo Buyer's Guide (2026)

Most new Miami towers are sold as places to live. The Crosby Miami Worldcenter was designed, from the studs out, as a place to rent — legally, nightly, on Airbnb if you want to. In a city where the majority of luxury condos still bury minimum-lease clauses in their declarations, a fully furnished, turnkey building with no rental restrictions sitting inside the second-largest urban development in the United States is a genuinely different product.

Rising 33 stories at the center of Miami Worldcenter in Downtown Miami, The Crosby delivers 450 furnished residences — studios to two-bedrooms — built by The Related Group and Merrimac Ventures, designed by Cohen Freedman Encinosa, with interiors and furniture curated by New York's AvroKO. It is not a hotel, but it behaves like one when you want it to.

One important update up front: The Crosby is no longer a pre-construction project. It topped off in 2024 and was delivered in late 2025 (reported around November 2025), with residents now occupying units and short-term bookings already live on platforms like Airbnb, Vrbo, and Expedia. If you are reading older "pre-construction" listings, they are out of date — this is a completed, operating building, which changes the buyer math considerably.

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Project Snapshot

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Miami Worldcenter: The Master Plan That Makes This Address

You cannot evaluate The Crosby without first understanding the ground it sits on. Miami Worldcenter is a 27-acre, roughly $6 billion, 10-block mixed-use master plan in the heart of Downtown Miami — by acreage, the second-largest urban development underway in the United States, trailing only New York's Hudson Yards.

Master-developed by Miami Worldcenter Associates (led by Art Falcone and Nitin Motwani) in partnership with CIM Group, the district celebrated a formal grand opening in 2025 and has earned LEED-ND certification for neighborhood-scale sustainability. What that means on the ground:

• ~300,000 square feet of street-level retail, dining, and entertainment, built around an open-air, pedestrian-first promenade rather than an enclosed mall.
• Direct adjacency to Brightline's MiamiCentral station — the intercity higher-speed rail line connecting Downtown Miami to Fort Lauderdale, West Palm Beach, and Orlando without a car or an airport.
• A cluster of residential towers, hotels, a planned convention hotel, and roughly $100 million in privately built infrastructure and ~100,000 sq ft of new public space.

For a short-term-rental owner, this is the entire thesis. A guest who books your unit steps out of the elevator into a walkable neighborhood of restaurants and shops, and can reach Orlando or the airport-adjacent corridor by train from the station next door. Location scarcity plus built-in foot traffic is what keeps nightly occupancy — and nightly rates — durable.

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Design & Concept: Turnkey by Design

The Crosby's concept is deliberately different from a trophy-tower play. Instead of oversized trophy homes, Cohen Freedman Encinosa designed an efficient 33-story tower of compact, high-utilization residences — the sizes that rent well and turn over cleanly.

Every home is delivered fully furnished and finished, with furniture and interiors curated by AvroKO, the New York hospitality-design firm known for immersive restaurant and hotel environments. The idea is that an owner can close, get keys, and have the unit listed and booking within days — no design phase, no furniture package to source, no six-week fit-out.

Standard residence features include:

• Fully furnished interiors curated by AvroKO
• 9-foot ceilings with floor-to-ceiling glass
• Private balcony with most residences, with wide city and (higher up) bay-direction views
• Italian cabinetry and Bosch appliances
• Spa-style baths with rain showers and Italian vanities
• Smart-home technology and keyless entry
• In-residence washer/dryer

The through-line is operational simplicity. Everything about the specification is chosen to reduce the friction between owning the unit and monetizing it.

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The Short-Term-Rental Investor Angle (Read This Before You Compare Prices)

This is the section that matters most, and it is the reason The Crosby exists.

Most Miami luxury condos restrict rentals. Many cap you at one or two leases per year with 3-, 6-, or 12-month minimums; some ban anything resembling hotel use outright. That single clause is what separates a lifestyle condo from an income asset — and it is the clause The Crosby removes.

At The Crosby, there are no rental restrictions. Owners can list on Airbnb, Vrbo, and similar platforms, rent nightly, and either self-manage or hand the unit to on-site or third-party management. In practice the building already operates like an aparthotel: units appear on travel-booking sites, and specialized rental-management operators actively market Crosby inventory.

Why the model works here specifically:

1. The furniture is done. A turnkey, AvroKO-furnished unit is bookable on day one — no capital or time spent making it guest-ready.
2. The location supplies demand. Miami Worldcenter's retail, the Brightline station, and the nearby Kaseya Center (Miami Heat arena, concerts) generate exactly the event- and tourism-driven demand that fuels short-stay bookings.
3. The entry price is low for the market. Studios and one-bedrooms in the high-$300,000s-to-$500,000s range put the achievable cost basis far below Brickell or Miami Beach branded product, which improves the yield math.

A candid caveat: short-term rental income is variable, not guaranteed. It swings with seasonality, event calendars, platform rules, and Miami's evolving local ordinances, and it carries real operating costs — management fees, cleaning, furniture wear, higher turnover. Underwrite it as an operating business with occupancy and ADR assumptions, not as a fixed coupon. But the structural permission to run that business is the rare asset here.

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Location: Walkable Downtown, Train at the Door

The Crosby sits inside Miami Worldcenter in the Park West pocket of Downtown Miami, one of the most transit-connected addresses in the city.

The trade-off is honest: this is dense, urban, downtown Miami — energetic and walkable, not a quiet bayfront enclave. For a rental-first investor, that is a feature. Your guests want to walk to dinner, an arena, and a train, and they want to be minutes from the beach and Brickell. The Crosby's location delivers exactly that mix.

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The Residences: Floor-Plan Mix

The Crosby's floor-plan strategy is built around the sizes that perform in a short-stay model: studios, one-bedrooms, and two-bedrooms, spanning roughly 350 to 1,000 square feet.

• Studios — the most efficient nightly-rental unit; lowest entry price, highest relative yield potential.
• One-bedrooms — the workhorse layout for both short-stay guests and longer corporate stays.
• Two-bedrooms — the largest homes in the building, suited to families, group travel, or an owner who wants to live in one and occasionally rent.

All residences are furnished and delivered turnkey, with balconies on most units and floor-to-ceiling glass throughout. Higher floors and units oriented toward the bay and the growing Worldcenter skyline carry the view premium.

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Amenities: An Aparthotel Amenity Deck

The Crosby packs more than 22,000 square feet of resort-style amenities into the tower — scaled and programmed like a hotel, because in practice many units operate that way:

• Rooftop resort-style pool with jacuzzi, cabanas, and grilling stations
• Private rooftop restaurant and bar with an Italian-inspired trellis garden
• State-of-the-art fitness center with saunas and plunge pools
• Clubroom with private dining
• Juice and coffee bar
• Spacious coworking center and a gaming lounge
• 24/7 concierge and front-desk service
• Curated, museum-quality art throughout the common areas
• ~3,370 sq ft of ground-floor retail, plus all of Miami Worldcenter's dining and shops steps away

The rooftop program in particular does double duty: it is a genuine amenity for owners and a marketable selling point that lifts a listing's nightly rate.

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The Developer

• The Related Group — the most prolific luxury and market-rate condo developer in South Florida history, with a decades-long delivery record across Downtown, Brickell, and Miami Beach. Related's involvement is a meaningful credibility marker for a rental-focused building, and the company brought this project across the finish line.
• Merrimac Ventures — the Fort Lauderdale-based Motwani family development firm, a Miami Worldcenter co-developer deeply embedded in the district itself.
• Beauchamp Construction served as general contractor, with financing led by Bank OZK.

A completed building from a proven team removes the single biggest pre-construction risk — delivery. That the tower is already standing, occupied, and operating is itself part of the underwriting.

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Status & Timeline

Because The Crosby is delivered, you are buying (or reselling) a finished, deeded unit — not a contract with staged deposits and a multi-year wait. That materially changes the risk profile versus a true pre-construction purchase.

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Pricing Reality

Recent pricing has run from roughly the high-$300,000s for studios up to around $1,000,000 for the larger two-bedrooms, with per-square-foot pricing in the vicinity of the high-$300s to $400s. Original developer studios were quoted starting in the mid-to-high-$300,000s; larger two-bedrooms approached the ~$990,000 mark.

Because the building is delivered and now trading on resale, the "real" price is whatever current closed sales and live listings show — not the old developer price sheet. Pull recent Crosby comps by unit type and floor before you make an offer, and separately model the achievable short-term-rental income, because at this building the rental math is often the deciding factor, not the sticker price.

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Who This Building Is For

1. The Short-Term-Rental Investor

This is the core buyer. You want a turnkey, furnished, Airbnb-legal unit in a high-demand downtown location, with the flexibility to rent nightly and management options on tap. The Crosby is one of the few luxury Miami buildings purpose-built for exactly this.

2. The Lock-and-Leave Owner Who Wants to Offset Costs

You will use the unit part of the year and rent it the rest. The no-restriction policy lets you offset your carrying costs without fighting the condo association over a lease.

3. The Downtown Pied-à-Terre Buyer

You want a low-maintenance, fully furnished base in the middle of Miami Worldcenter — walkable to dining, the arena, and the Brightline train — without the price of a Brickell branded residence.

If your priority is a large, quiet primary home on the water, this is not that building — the units are compact and the setting is dense downtown. That is by design.

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Cost of Ownership

Beyond purchase price, budget realistically:

• HOA fees: Recently referenced near ~$1.25 per square foot per month — heavily amenitized, hotel-style service comes at a cost. Confirm the current figure for your exact unit.
• Property taxes: Miami-Dade ad valorem taxes generally run ~1.6–2.0% of assessed value annually.
• Insurance: Condo HO-6 plus wind coverage, varying by floor and unit size.
• Rental operating costs: If you rent short-term, budget for management fees, cleaning, platform fees, furniture replacement, and higher utility/turnover costs. These can absorb a meaningful slice of gross nightly revenue.

Model the unit as a small business: HOA plus tax plus insurance plus operating costs against realistic occupancy and average daily rate. The buildings that look best on a price sheet do not always look best on a net-yield spreadsheet — run both.

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Frequently Asked Questions

Is The Crosby still pre-construction?

No. The Crosby topped off in 2024 and was delivered in late 2025 (reported around November 2025). It is a completed, occupied building, and short-term bookings are already live. Older "pre-construction" listings are out of date.

Can I really rent my unit on Airbnb?

Yes. The Crosby was built with no rental restrictions, so short-term and nightly rentals are permitted. Owners can self-manage or use on-site or third-party rental management. Always confirm current condo rules and any applicable Miami short-term-rental ordinances before you buy for income.

Are the residences furnished?

Yes — fully furnished and turnkey, with furniture and interiors curated by AvroKO. Units are designed to be bookable essentially from day one.

How many units are there and what sizes?

450 residences, ranging from studios to two-bedrooms, roughly 350 to 1,000 square feet.

Who built it?

The Related Group and Merrimac Ventures, designed by Cohen Freedman Encinosa, with Beauchamp Construction as general contractor.

Where exactly is it?

Inside Miami Worldcenter in Downtown Miami's Park West district (commonly cited around 601 North Miami Avenue; block addresses in the district vary), directly adjacent to Brightline's MiamiCentral station and the Worldcenter retail promenade.

What does it cost to buy?

Recent pricing has run from roughly the high-$300,000s to about $1M, depending on unit type and floor. Because it is now on resale, verify current comps before offering.

Is the short-term-rental income guaranteed?

No. Rental income is variable and depends on seasonality, events, occupancy, nightly rate, platform rules, and local regulations, and it carries operating costs. Treat any projection as an estimate to be stress-tested, not a guarantee.

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How to Buy at The Crosby Miami Worldcenter

Because The Crosby is delivered and trading on resale, this is a more conventional purchase than a pre-construction contract — but the rental angle makes the diligence different:

1. Pull current comps by unit type and floor — closed sales and live listings, not the old developer price sheet.
2. Model the rental business — realistic occupancy, average daily rate, management and operating costs, and net yield after HOA, tax, and insurance.
3. Confirm the rules — the current condo declaration's rental provisions and any applicable Miami short-term-rental ordinances.
4. Compare across the Worldcenter cluster — The Crosby is one of several towers rising in the district, each with a different profile. Look at 600 Miami Worldcenter and the nearby E11EVEN Hotel & Residences — each targets a different buyer and rental model.

Visit the building page for current inventory, floor plans, and to schedule a private appointment with our team.

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This guide is for educational purposes. Pricing, availability, unit counts, rental policies, and project specifications are drawn from the developer's and public sources' most recent materials and are subject to change without notice. Short-term-rental income is not guaranteed and is subject to market conditions, operating costs, and local regulations. Consult your real estate attorney and tax advisor before purchasing any condominium as an investment.