Crescent Heights has proposed a new mixed-use development in Miami’s Edgewater neighborhood, using Florida’s Live Local Act to advance the project. The plan includes two residential towers on a 2.6-acre site near 3180 Biscayne Boulevard, 3195 Northeast 2nd Avenue, and 220 to 250 Northeast 32nd Street.
The proposal features a 50-story tower with 780 market-rate apartments and a separate 28-story building containing 527 workforce units for residents earning up to 120 percent of the area median income. According to Russell Galbut of Crescent Heights, “Even though the more affordable apartments will be in a separate building, they will be built with ‘true luxury and true quality.’”
RSP Architects is responsible for designing the development, which also includes approximately 99,000 square feet of commercial space and over 1,000 parking spaces.
By invoking the Live Local Act, Crescent Heights can build to maximum height and density limits in exchange for reserving at least 40 percent of units for households earning between $104,000 and $150,000 per year.
Workforce units are planned to range from 425 to 900 square feet and will offer both rental and ownership options. Market-rate apartments are expected to be rentals ranging from about 510 up to over 2,200 square feet.
The company’s recent success with rental apartments influenced its decision regarding the market-rate portion of this project.
Crescent Heights is seeking approval from Miami’s architectural review commission for several modifications including reduced parking requirements, changes to pedestrian entrances, and decreased setbacks.
This project follows Crescent Heights’ previous development in Edgewater—Forma Miami—a Whole Foods-anchored tower completed in 2024 that was refinanced last year for $238 million. A second phase of Forma recently secured approval as another Live Local project; it will add an additional tower with both residential units reserved for moderate-income residents and office space on nearby land at Northeast 43rd Street.
