14 ROC Breaks Ground in Downtown Miami

• Crescent Heights' Russell Galbut breaks ground on 14 ROC, a 31-story, 283-unit condo at 125 NE 14th St. in Downtown Miami
• Roughly 142 units sold before construction starts; studios to 2BR+den from $590,000 (~$1,411/SF at entry)
• Owners can self-manage short-term rentals or enroll in an on-site managed rental program
• Cervera Real Estate handling sales; RSP Architects designing, March and White Design on interiors; delivery 2028

Half Sold Before a Shovel Hit the Ground

Crescent Heights broke ground on 14 ROC on June 1 with roughly half its 283 residences already under contract — a rare signal of buyer conviction in a Downtown Miami condo market where new supply is still working through a prolonged absorption period. At an entry price of $590,000 for the smallest studios (418 square feet, or about $1,411 per square foot), buyers are paying a meaningful premium over Downtown's broader median of roughly $718 per square foot and absorbing that gap quickly.

"Breaking ground on 14 ROC is a defining moment for Downtown Miami," said Russell W. Galbut, co-founder and managing principal of Crescent Heights. "This project embodies how people want to live today — immersed in culture, inspired by design, and at the center of a city that continues to captivate the world."

What's Rising at 125 NE 14th St.

The 31-story tower holds 283 residences ranging from studios to two-bedroom-plus-den homes spanning 418 to 960 square feet. RSP Architects designed the building around a sculptural base inspired by natural rock formations, giving the street-level presence something to look at beyond a parking podium. March and White Design, the London- and New York-based firm behind hotel and residential interiors across Europe and the Middle East, handled interiors. Urban Robot Associates is responsible for the landscape.

Every unit comes with an open layout, high ceilings, and a private balcony framing views of Biscayne Bay and the Downtown skyline. The amenity stack runs to more than 25,000 square feet across three levels: rooftop pool with panoramic bay views, coworking and meeting spaces, a fitness center, yoga and wellness areas, sauna and steam, game and theater rooms, a resident lounge with open kitchen, a podcast studio, and a karaoke room.

The Rental Play Built In

The ownership model is the story within the story. Buyers at 14 ROC can self-manage short-term rentals or plug into a professionally managed on-site rental program, with no association restrictions limiting days or platforms. That puts it in the same lane as West Eleventh Residences and Ella Miami Beach, two other recent Miami projects structured around rental flexibility, as investor appetite for institutionally managed short-term rental condos continues to grow.

Alicia Cervera Lamadrid, managing partner and principal of Cervera Real Estate, pointed to that flexibility as a driver of pre-sales momentum. "14 ROC connects to the rhythm of Miami, a city that values exceptional design, flexibility, walkable access to world-class experiences, and seamless connectivity through Metromover and Brightline."

The Corner It's On

125 NE 14th St. puts residents within walking distance of the Adrienne Arsht Center for the Performing Arts, the Pérez Art Museum Miami, and Miami Worldcenter. Metromover and Brightline service the immediate area. The future Underdeck, the planned 33-acre public park below the I-395 viaducts, is the longer-term neighborhood catalyst. However, the project has seen timeline slippage and is now projected to deliver around 2029, the year after 14 ROC is scheduled to complete.

What's Next

Completion is targeted for 2028, and sales continue from the gallery. For Crescent Heights, 14 ROC is the condo arm of a broader Downtown-to-Edgewater expansion: the firm completed Forma, its 40-story, 588-unit luxury rental at 2900 Biscayne, in 2024, refinancing it at $238.4 million last October, and has since proposed Forma Suites, a 42-story follow-on, at 200 NE 30th St.