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501 First Residences — rooftop pool with a Downtown Miami view at sunset

501 First Residences

Downtown Miami, FL

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The 40-story tower in the heart of Downtown Miami, its rooftop pool, and the residences fully finished and furnished by Shim Projects.

501 First Residences — rooftop pool with a Downtown Miami view at sunset
501 First Residences — rooftop pool with cabanas at sunset
501 First Residences — aerial view of the rooftop pool and Biscayne Bay
501 First Residences — furnished living room with city views
501 First Residences — bedroom with floor-to-ceiling windows and Downtown Miami views
501 First Residences — kitchen with wood cabinetry and Smeg appliances
501 First Residences — living and dining area with a sunset view over the Miami skyline

Developer's conceptual renderings.

The development

501 First Residences: 476 delivered residences in Downtown Miami

40-story tower with certificate of occupancy since July 2026, with no rental restriction


501 First Residences is a 40-story tower with 476 studio-to-2-bedroom residences in the heart of Downtown Miami, already delivered: it received its certificate of occupancy in July 2026. Every unit arrives fully finished and furnished by design firm Shim Projects, and none has a rental restriction — it can be rented nightly, seasonally, or year-round from closing.

Developed by Aria Development Group (founded in 2009 in New York, with projects like 321 Ocean in Miami Beach and The Bond in Washington DC). The architecture is by Revuelta Architecture International, the firm behind Brickell Flatiron and The Bristol Tower in Brickell. The building includes a porte cochère with 24/7 valet, a lobby with 25-foot ceilings, and a ground-floor bistro and bar operated by GPG Hospitality, the New York organization behind Breads Bakery.

The address is 501 NE 1st Avenue, on the corner of NE 5th Street, in the heart of Downtown Miami. More than 20,000 square feet of amenities occupy floors 38 and 40, with 360-degree views over Biscayne Bay and the city skyline.

Specifications: 501 First Residences


Residences

Total residences
476
Bedrooms
Studio – 2
Bathrooms
1 – 2
Interior
385 – 835 sq ft
Floors
40 (residences on levels 3–37)

Price and delivery*

Pre-construction price from
USD $315,000
Certificate of occupancy
July 2026
Status
Delivered

Location

City
Downtown Miami, FL
Address
501 NE 1st Avenue
Amenities
20,000+ sq ft on floors 38 and 40

Design and team

Developer
Aria Development Group
Architecture
Revuelta Architecture International
Interior design
Shim Projects

*USD $315,000 is the developer's original pre-construction price — the tower has already received its certificate of occupancy as of July 2026, so this price doesn't necessarily reflect the current value of a delivered unit. Write to us for updated resale or rental availability and pricing.

Floor plans

The 11 floor plans of 501 First Residences


Unit 01B/12A is the smallest residence in the tower; unit 01/12, with 2 bedrooms and 835 interior square feet, is the largest.

Residences

Levels 3–37 · studio to 2 bedrooms
Unit Layout Bathrooms Interior sq ft / m² Exterior sq ft Total sq ft
01B/12AStudio1385 / 3636421
04/09Studio1401 / 3738439
07Studio1447 / 4239486
00Studio1458 / 4342500
01A/12BStudio1458 / 43145603
061 bedroom1.5571 / 5362633
131 bedroom1.5591 / 5563654
02/03/10/111 bedroom + den2597 / 5562659
051 bedroom1551 / 51138689
081 bedroom1606 / 56156762
01/122 bedrooms2835 / 781801,015
Location

In the heart of Downtown Miami


501 First Residences is at 501 NE 1st Avenue, on the corner of NE 5th Street, in the heart of Downtown Miami. The Perez Art Museum, the Frost Museum of Science, and Miami Worldcenter are minutes away, with direct access to Brightline, Miami International Airport, and PortMiami.

What's nearby

  • Perez Art Museum Miami (PAMM)
  • Frost Museum of Science
  • Museum Park
  • Miami Worldcenter
  • Kaseya Center (home of the Miami Heat)
  • Adrienne Arsht Center
  • Bayside Marketplace
  • Brightline train station (MiamiCentral)
  • Miami International Airport and PortMiami
Amenities

More than 20,000 square feet on floors 38 and 40


A 75-foot pool with a hot hydrotherapy tub and swim spa, a Homage Fitness gym, a private club with a chef's kitchen and urban greenhouse, and a ground-floor bistro and bar operated by New York's GPG Hospitality.

Everything included

Floor 40 — The Green Roof

  • 75-foot pool with a lounge area
  • Hot hydrotherapy tub and swim spa
  • Outdoor theater and outdoor co-working lounge
  • Grill & Chill on the Sunrise and Sunset decks
  • Lawn for outdoor games

Floor 38 — Private club

  • Club room with a shared workspace
  • Chef's kitchen and urban greenhouse
  • Homage Fitness gym with a yoga and meditation area
  • Sunrise terrace with panoramic views
  • VIP lounge, family room/library, and coffee bar

Ground floor and services

  • Porte cochère with 24/7 valet parking
  • Bistro and bar operated by GPG Hospitality (New York)
  • Residential lobby with 25-foot ceilings
  • Secure, climate-controlled bicycle storage
  • Luxer One room: contactless digital package delivery
  • Pet lounge and mail room

Inside every residence

  • Fully finished and furnished by Shim Projects
  • Floor-to-ceiling windows with custom window treatments
  • Italian cabinetry and countertops in kitchens and bathrooms
  • Smeg appliances: speed oven, refrigerator, and dishwasher
  • Standalone, top-of-the-line washer and dryer
  • Hansgrohe bath fixtures in a dark matte finish
  • Every residence with a balcony

Amenities, services, and renderings per the developer's material · subject to change.

Investment opportunity

Why invest in this area?


501 First Residences is already delivered: unlike buying pre-construction, there's no years-long wait for construction — the unit can be rented with no restrictions from closing, short or long stay. It's in the heart of Downtown Miami, steps from Miami Worldcenter, the largest mixed-use development in the United States after Hudson Yards in New York, with more than USD $3 billion in new investment planned according to the developer's own material (not a PFS projection). Miami International Airport, minutes away, receives more than 46 million passengers a year and accounts for 60% of Florida's international visitors — the kind of flow that sustains short-term rental demand downtown.

501 First Residences — living room with a Downtown Miami skyline view during the day

Frequently asked questions


Many condos in Miami prohibit short rentals or require multi-month minimums. At 501 First, all 476 residences can be rented with no such restrictions: short or long stay, from closing. Since it's already delivered (certificate of occupancy from July 2026), there's no waiting for construction to finish before you can start generating income.

Yes, 501 First received its certificate of occupancy in July 2026. The USD $315,000 price shown on this page is the developer's original pre-construction price — it doesn't necessarily reflect the value of an already-delivered unit today. Write to us and we'll confirm updated resale or rental availability and pricing before you make any decision.

The developer publishes 11 distinct lines: studios from 385 to 458 interior square feet, 1-bedroom residences from 551 to 606 square feet (with 1 to 1.5-bath options and a 2-bath den version), and one 2-bedroom with 835 interior square feet. In total there are 476 residences with 1 to 2 baths. The full table is higher up on this page.

Each residence arrives fully finished and furnished by Shim Projects, with floor-to-ceiling windows, Italian cabinetry and countertops, Smeg appliances, and Hansgrohe bath fixtures. Every residence has a balcony, and the washer-dryer is a standalone, top-of-the-line unit.

Yes. We support you through the whole process with our 360 service: search, financing for non-residents with Avanti Lending, and legal and accounting handling. Many Colombian and Mexican clients started with the same questions.

PFS Realty is a single company for the whole process: financing, purchase, property management and insurance. We've spent more than 24 years working with buyers from Colombia, Mexico, Venezuela and the rest of Latin America, in Spanish, with support before and after closing.

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