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Park West / Miami World Center

The Crosby

Name: The Crosby Review
Item: The Crosby
Rating: 3.0
Author: Ryan

Miami's first purpose-built short-term rental tower, for better and worse

3.0

601 N Miami Ave, Miami, FL 33136

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.

Who 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

You're in it

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

Across the street

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

1 block east

Another major residential tower under construction to the east. More density coming, more construction in the short term.

Downtown 6 (Melo Group)

Across the street

Melo Group's latest project, also across the street. The entire block is a construction corridor right now.

Metromover Station

3 min walk

Free elevated train with stops nearby. Connects you to Brickell, the Brightline station, and the rest of downtown without a car.

Kaseya Center

8 min walk

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 jacuzziCabanas and grilling stationsItalian-inspired trellis gardenFire pit lounge with Biscayne Bay skyline views

Fitness & Wellness

State-of-the-art fitness centerSaunasPlunge pools

Social & Entertainment

Private rooftop restaurant/barClubroom with private diningGaming loungeJuice and coffee bar

Business & Work

Spacious coworking centerHigh-speed WiFi throughout

Building Services

24/7 concierge24/7 securitySmart keyless entry (app, keycard, Apple Watch)Brilliant smart-home system in every unitValet parking available (not included)In-house rental management program

Elevator Experience

Elevator Density Rating

150units per
elevator

Below Average

More WaitLess Wait

Passenger

Service

~15

Units/Floor

450

Total Units

No private elevator access

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Ryan's Intel

🟠Heads Up

Worst Elevator Ratio Downtown

3 passenger elevators for 450 units is a 150:1 ratio, the worst in Greater Downtown Miami. With 15 units per floor and constant short-term rental turnover (guests with luggage, deliveries, cleaning crews), the elevator situation is going to be a real pain point. This is a serious design flaw for a building designed around high-turnover rentals.

🟠Heads Up

No Dedicated Parking

This is a big one. The Crosby does not come with parking. You can access parking throughout Miami World Center, but it's not included in your HOA or purchase. Valet is available for a fee. If you're an investor running short-term rentals, your guests will need to figure out parking on their own, which could affect reviews.

🟢Win

Purpose-Built for STR

Every unit comes fully furnished with AvroKO-designed interiors, Bosch appliances, Brilliant smart-home system, and keyless entry. You can literally close on the unit and list it on Airbnb the same day. The in-house management program handles everything if you want a hands-off approach.

💡Insider Tip

Units Are Small

Because it's designed for short-term rentals, the units are compact. Studios start at 350 sq ft and the largest 2-bedrooms top out at 825 sq ft. These are hotel-sized units, not traditional condo floor plans. Great for nightly rates, less great for actually living in full-time.

💡Insider Tip

Related Group Developer

Related Group is one of the most prolific developers in South Florida by volume. They build a lot of buildings, but their construction quality tends to range from fair to average. They're not a top-tier developer in terms of finishes or build quality. Once the building is complete, it gets handed off to an HOA, so the long-term management quality will depend on whoever the residents elect to run things, not Related.

🟠Heads Up

Construction Everywhere

The street is a construction corridor right now. Okan Tower, 600 MWC, and Downtown 6 are all going up at the same time. Expect noise, dust, and traffic disruptions for at least 1-2 more years. If you're running short-term rentals, construction views and noise could impact guest reviews.

🟢Win

The Rooftop Is Legit

22,000+ sq ft of amenities, including a rooftop pool with jacuzzi, cabanas, a private restaurant/bar, fire pit lounge, and Biscayne Bay views. For a building of this size, the amenity package punches above its weight. Your STR guests will love it.

🍵The Tea

New Building, No Data Yet

The Crosby just opened in early 2025, so there's limited resale data, rental performance history, or long-term management track record. You're buying based on the developer's reputation and the market thesis, not proven numbers. That's inherently riskier.

The Good & The Not-So-Good

Wins

+Purpose-built for short-term rentals, no restrictions
+Brand new 2025 construction, modern throughout
+Heart of Miami World Center, appreciating fast
+Strong rental income potential for investors
+Modern finishes and floor-to-ceiling glass

Watch Out

−Worst elevator density downtown (150:1), only 3 elevators
−Constant STR turnover creates hotel-like atmosphere
−Park West flooding and event traffic issues
−World Center construction noise ongoing for years
−Not suitable for quiet residential living

The Verdict

Ryan's Final Take

3.0

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.

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