‘Centralis Residences Miami’ Set for Redevelopment at 1110 NW 1st St, Miami, FL

Aventura-based Gamla Cedron Group is proceeding with the redevelopment of the Centralis Residences Miami, an eight-story community completed in 2023.

The project calls for converting the 100 apartments into condos. The one-bedroom and two-bedroom residences will span about 620 to 1,060 square feet; the smaller condos are priced in the $300,000s, while the largest exceed $400,000. Owners would also pay at least $500 a month in dues.

The Real Deal reports that current tenants at the Centralis Residences Miami will have the option of purchasing their units, which feature private balconies and built-in washers/dryers. Communal amenities in the updated building will include a variety of indoor and outdoor offerings, including (but not limited to) a fitness center, sundeck, and grilling stations.

The redevelopment has been spurred by the demand for for-sale condos over rentals. A related project is Circ Residences. Completed in 2018, the property owner pivoted to market the 386 apartments as for-sale condos in 2024. It would not allow short-term rentals. Another venture, the 214-unit Envy apartments in Pompano Beach, will also shift its focus from apartments to condos.

The Centralis Residences Miami is located at 1110 NW 1st St, Miami, FL, 33128, in Miami-Dade County.

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