Legacy Hotel & Residences Breaks Ground

August 19, 2021

The highly anticipated Legacy Hotel & Residences finally broke ground today at the development site located at 942 NE 1st Avenue in the heart of downtown Miami. In attendance was Ken Russell (City of Miami Commissioner), representatives of Royal Palm Companies, and Peggy Olin (Owp Property representative).

Also known as Legacy Miami Worldcenter, Legacy is one of the newest pre-construction residential towers located in Park West Miami. The luxury tower will rise 50 stories at 668 feet tall making it the second tallest tower at Miami Worldcener. This tower sold out of all the units prior to the groundbreaking and is the first development to sell out prior to construction.

This mixed-use development will feature 312 residential units, 262 luxury hotel rooms, a business center, medical office, retail space, and rooftop atrium with all of the luxury amenities a 5-star hotel could offer.

The residences will include studio to 2 bedroom floor plans with 368 to 964 square feet options. The units will be fully finished and furnished. One of the unique things about Legacy is that residents will be able to rent their units without any restrictions. This includes utilizing a short-term rental company, whether its the Legacy’s rental program, Airbnb, or VRBO.

CONSTRUCTION INFORMATION

• DEVELOPER: ROYAL PALM COMPANIES
• ARCHITECT: KOBI KARP
• DESIGNER: ID & DESIGN INTERNATIONAL

HOTEL AREAS (GROUND LEVEL AND PEDESTAL)

• SPECTACULAR 40 FT. HIGH LOBBY WITH GLASS ELEVATORS
• SIGNATURE INTERNATIONAL RESTAURANT
• FULL-SERVICE CAFÉ WITH LOCALLY SOURCED BAKED GOODS
• FIRST OF ITS KIND INTERNATIONAL BUSINESS LOUNGE
• GRAND BALLROOM AND EVENT SPACES
• SHUL WITH KOSHER KITCHEN

ONE ACRE POOL DECK (9TH FLOOR)

• LARGEST DOWNTOWN HOTEL POOL DECK
• MULTIPLE WATER FEATURES AND FULL-SERVICE POOL
• SIGNATURE RESTAURANT SERVING ALL MEALS
• BAR AND LOUNGE
• LUXURIOUS DECK FURNITURE
• LUSH LANDSCAPING
• PLUSH CABANAS

ROOFTOP ATRIUM AND EVENT SPACE

• DECADENT LOUNGE WITH SEATING AMIDST GARDENS
• FULL-SERVICE BAR FOR INDOOR AND OUTDOOR SEATING
• CANTILEVERED, INFINITY-EDGE, SINGAPORE INSPIRED POOL
  500-FEET IN THE AIR
• ROOFTOP SUNDECK WITH ENDLESS DOWNTOWN VIEWS
• PLENTIFUL EVENT SPACE

CENTER FOR HEALTH & PERFORMANCE

• 50,000 SQ FT MEDICAL CLINIC WITH SUITES
  FOR HEALTH AND PERFORMANCE
• DIAGNOSTICS AND TECHNOLOGY
• VIP HEALTH CLUB WITH OPERATING ROOMS
  AND PRIVATE VIP ENTRANCE
• ADVANCED PERFORMANCE TESTING CENTER

WELLNESS (SOME COSTS MAY APPLY BASED ON USAGE AND PROCEDURES)

• MEDICAL FITNESS WITH PRESCRIPTION FOR HEALTH
• VITALITY SPA
• FITNESS STUDIOS
• SPORTS MEDICINE/PHYSICAL THERAPY
• EUROPEAN STYLED STEAM ROOM
• RELAXING SAUNA
• ALTITUDE TRAINING ROOM
• CRYOTHERAPY CHAMBERS
• JUICE/BEVERAGE BAR
• IV NUTRITION THERAPY

All but 2 of the 312 units have sold for a combined value of $212 million. Average prices range between $350,000 to $2 million. Royal Palms closed on the construction loan in May 2021. Legacy Hotel & Residences is expected to be completed by 2024.