Crescent Heights has proposed a new residential development in Miami’s Edgewater neighborhood, marking its second project under Florida’s Live Local Act. The plan includes two towers: a 50-story building with 780 market-rate apartments and a 28-story building with 527 workforce units for residents earning up to 120 percent of the area median income.
The development, located on a 2.6-acre site at 3180 Biscayne Boulevard, 3195 Northeast 2nd Avenue, and 220 to 250 Northeast 32nd Street, will also include approximately 99,000 square feet of commercial space and more than 1,000 parking spaces. RSP Architects is responsible for the design.
Russell Galbut, one of Crescent Heights’ leaders alongside Sonny Kahn and Bruce Menin, commented on the quality of the workforce housing: “Even though the more affordable apartments will be in a separate building, they will be built with ‘true luxury and true quality.’”
By using provisions of the Live Local Act, Crescent Heights can build to maximum height and density by reserving at least 40 percent of units for residents earning between $104,000 and $150,000 annually. Workforce tower units will range from 425 to 900 square feet and offer both rental and for-sale options. The market-rate tower is expected to feature rental units ranging from 510 to as much as 2,200 square feet.
The company decided to make all market-rate units rentals due to recent strong performance in that segment.
Crescent Heights is seeking approval from Miami’s architectural review commission for changes including reduced parking requirements, adjustments to pedestrian entrances, and smaller setbacks.
This project follows Crescent Heights’ earlier development in Edgewater—Forma Miami—a Whole Foods-anchored residential tower completed in 2024. That property was refinanced last year for $238 million. The firm also recently received approval for the second phase of Forma as a Live Local project at nearby 220 Northeast 43rd Street. This phase will add another mixed-use tower with apartments (including workforce housing), office space, and retail.
