Crescent Heights has announced plans for its second Live Local Act project in Edgewater, Miami. The proposed development includes two towers with a total of 1,300 residential units located next to the company’s existing Forma Miami building.
The project will consist of a 50-story tower containing 780 market-rate apartments and a separate 28-story building with 527 workforce housing units. These workforce units are intended for residents earning up to 120 percent of the area median income, according to information reported by the South Florida Business Journal.
Russell Galbut, one of Crescent Heights’ leaders, addressed concerns about quality differences between the buildings. “Even though the more affordable apartments will be in a separate building, they will be built with ‘true luxury and true quality,'” Galbut said.
The development site covers 2.6 acres and is bordered by addresses at 3180 Biscayne Boulevard, 3195 Northeast 2nd Avenue, and 220 to 250 Northeast 32nd Street. Plans also include approximately 99,000 square feet of commercial space and more than 1,000 parking spaces. RSP Architects is responsible for designing the project.
By utilizing provisions from Florida’s Live Local Act, Crescent Heights can build at maximum height and density if it reserves at least 40 percent of its units for residents earning between $104,000 and $150,000 annually.
Workforce housing units will range from 425 to 900 square feet and offer both rental and ownership options. Market-rate apartments are expected to be rentals only and will vary in size from about 510 to as much as 2,200 square feet.
Crescent Heights attributed its decision to focus on rental market-rate units to recent success with apartment developments in the area. The company is currently seeking approval from Miami’s architectural review commission for adjustments including reduced parking requirements, changes to pedestrian entrance sizes, and smaller setbacks.
This new project follows Crescent Heights’ previous work in Edgewater with Forma Miami—a Whole Foods-anchored residential tower completed in 2024—which was refinanced last year for $238 million. The second phase of Forma was recently approved under the Live Local Act; it will add another mixed-use building featuring offices, retail space, and additional apartments reserved for moderate-income residents.
