Rosso Development, Standard International and Midtown Development Lock Down $45.045 Million Construction Loan For Standard Residences, Midtown Miami

Hospitality and real estate pioneers Rosso Development, Standard International and Midtown Development have closed on a $45,045,000 construction loan from Bank OZK for the highly anticipated The Standard Residences, Midtown Miami. A JLL Capital Markets Debt Advisory team, led by Managing Director Brian Gaswirth and Associate Jimmy Calvo, represented the developer. Nearly 90% of the residences are sold with construction at The Standard brand’s first residential concept already underway following groundbreaking in April 2023.

“Securing this loan is a testament to the strength of the project, our remarkable team and what we are building together,” said Carlos Rosso, Founder of Rosso Development. “We set out to bring a lifestyle concept with character and soul to Miami, and we are incredibly proud to see the excitement surrounding our vision. We look forward to delivering a one-of-a-kind product to our buyers.”

“The enthusiasm from buyers for The Standard Residences speaks to the power of The Standard brand and our exceptional partner, Rosso Development,” stated Amar Lalvani, Executive Chairman of Standard International. “This financing commitment allows us to take the project to the next phase.”

With Civic Construction as the general contractor and construction already underway, the first of its kind pied-à-terre-style building will rise 12 stories and deliver 228 residences with 34,000-square feet of thoughtfully imagined amenity spaces.

“Carlos Rosso has an incredible reputation for being one of the premier condo developers in South Florida through his distinguished career at The Related Group,” said JLL Capital Markets Managing Director Brian Gaswirth. “The Standard Residences is a defining stamp on his new journey and has been met with great success as represented by its strong presales and ability to attract Bank OZK as its lending partner.”

“Bank OZK is pleased to provide construction financing for The Standard Residences,” stated Greg Newman, Senior Managing Director of Originations at Bank OZK. “This best-in-class product backed by the strength of The Standard brand will be an excellent addition to Midtown Miami and we are excited to help bring it to life.”

Located at 3100 N.E. 1st Ave, the boutique building is nestled in the heart of Midtown–Miami’s most connected and walkable neighborhood. Centrally positioned between The Design District and Wynwood, the property is situated directly across the street from the recently opened Trader Joe’s and The Shops at Midtown, which features a variety of exciting food & beverage options and convenient retail. Tapping the industry’s best talents, The Standard Residences is crafted by internationally acclaimed architecture firm Arquitectonica, renowned interior designer Urban Robot in collaboration with The Standard’s award-winning in-house design team, and landscape designer Naturalficial.

Upon delivery, owners will enjoy the brand’s world-class design, amenities and service. Ranging from studios to two-bedroom layouts, the residences span 432-square feet to 965-square feet, with meticulously curated interiors that strike a perfect balance of style and functionality. Finishes include light wood plank tile flooring, gourmet kitchens with custom Italian cabinetry and Bosch appliances, while oversized bathrooms showcase stone vanities and double-suite rain showers. With an “anything but Standard” approach, the property will allow flexible living, enabling owners to lease out their units for terms as short as one month.

Community-minded amenities are crafted to embrace social engagement and include an expansive lobby, Café, and outdoor terrace. A lushly landscaped rooftop features a 60-foot resort-style sunset pool with a signature restaurant and bar reminiscent of the vibrant ambiance The Standard pioneered from Hollywood to Miami and London. Health and wellness offerings include an indoor pickleball court, a state-of-the-art sweat room and fitness center, an infrared sauna, yoga and stretch studios. A dedicated social floor features a karaoke bar and screening room, as well as fully equipped co-working spaces, zoom rooms and a private boardroom.

Completion of The Standard Residences, Midtown Miami is slated for the end of 2024. A limited selection of units remain starting at $499,900 and currently accepting only 30% down. Sales and marketing is exclusively managed by Douglas Elliman Development Marketing.

Renderings via The Standard Residences, Midtown Miami

Inside The Standard and Rosso Development Miami Art Week Soiree Launch Of The Standard Residences

The Standard Residences, Midtown Miami, kicked off Miami Art Week in style with an afternoon bayfront soiree at The Standard Spa Miami Beach, on the Venetian Islands. Hosted by The Standard International Executive Chairman, Amar Lalvani and Founder & CEO of Rosso Development, Carlos Rosso, the afternoon waterside soiree showcased a preview of the iconic hotel brand’s first ever residences, offering the opportunity to live The Standard’s distinctive lifestyle, which to date has only been available at its hotels. The Standard Residences, Midtown Miami re-imagines pied-à-terre-style living in South Florida’s most walkable neighborhood, featuring design by award-winning firms Arquitectonica and Urban Robot. The building will rise in the heart of Midtown Miami and blend culture, community and style with world-class design, amenities and service.

Hospitality and real estate pioneers Standard International and Rosso Development, in collaboration with Alex Vadia’s Midtown Development, launched sales of The Standard Residences, Midtown Miami and the project is already over 30% reserved in roughly a weeks time. The 12-story building is located will be located in the heart of Midtown Miam. It will feature 228 pied-à-terre-style residences ranging from studios to two bedrooms, all designed and finished with The Standard’s distinctive touch. In the “anything but Standard” fashion, the building will be the first property in the area to recognize the emerging Flexible Living movement, allowing owners to lease out their units for terms as short as one month.

The Standard Residences, Midtown Miami is designed by Arquitectonica and Urban Robot. The building’s façade draws inspiration from the urban enclave’s storied past while connecting with the new energy of the neighborhood. Residences will range in size from 432 square feet to 965 square feet and will express the ethos for which The Standard is known, meticulously designed interiors that provide that balance of style and functionality. Finishes include light wood plank tile flooring, gourmet kitchens with custom Italian cabinetry and Bosch appliances, while oversized bathrooms showcase stone vanities and double-suite rain showers.

In step with other Standard properties, residents will enjoy thoughtfully designed social spaces and amenities spanning 34,000 square feet across five floors. The expansive lobby will inspire residents to connect, work and play – with lounge areas and a Café. A lushly landscaped rooftop creates an elevated outdoor experience with a 60-foot, resort-style sunset pool, and signature rooftop restaurant and bar reminiscent of the vibe The Standard pioneered from LA to New York to London.

Wellness offerings include a state-of-the-art sweat room and fitness center, an infrared sauna, an indoor pickleball court, and yoga and stretch studios. A social floor features a karaoke bar and screening room, while co-working spaces include a private boardroom and zoom rooms. A pet spa rounds out The Standard Residences’ anything but standard amenity package. In addition, the ground floor of the property will showcase 10,000 square feet of retail boutiques selected by The Standard’s in-house team.

A dedicated Standard concierge will be available around the clock to assist owners and direct cultural and community programming. Residents will also gain access to The Standard’s “Friends with Benefits” program, which earns them preferred pricing at all The Standard hotel properties around the world.

The Standard Residences will be located at 3100 NE 1st Avenue, Miami, FL 33137. The project is set to break ground in 2022 with expected completion by mid-2023.

Images via World Red Eye

Renderings of The Standard Residences, Midtown Miami

For more information about The Standard Residences, private showings or purchasing/ leasing information please fill out the form below:

The Standard and Rosso Development Launch The Standard Residences In Midtown Miami

Hospitality and real estate pioneers Standard International and Rosso Development, in collaboration with Alex Vadia’s Midtown Development, announce the launch of The Standard Residences, Midtown Miami. The property is the first-of-its-kind, offering the opportunity to live The Standard’s distinctive lifestyle, which to date has only been available at its hotels. The building blends culture, community and style with world-class design, amenities and service.

The 12-story building is located in the heart of Midtown, Miami’s most vibrant, walkable neighborhood, centrally positioned between The Design District and Wynwood. It will feature 228 pied-à-terre-style residences ranging from studios to two bedrooms, all designed and finished with The Standard’s distinctive touch. In the “anything but Standard” fashion, the building will be the first property in the area to recognize the emerging Flexible Living movement, allowing owners to lease out their units for terms as short as one month.

“For more than twenty years The Standard has tapped into our community’s desire for vibrant social experiences,” said Executive Chairman of Standard International, Amar Lalvani. “Now we are giving our loyal guests, and fans of what we do from around the world, the opportunity to live The Standard in a way that recognizes how the next generation wants to live. There is no better place to launch The Standard Residences than Miami, which has emerged as one of the most dynamic cities in the world, and just a place we love.”

“This project presents a new standard of living that is not defined by excess, it’s about soul and authenticity,” said Carlos Rosso, Founder of Rosso Development. “Coming to life in Miami’s most pedestrian-friendly and secure neighborhood, with everything you need at your fingertips, the building promotes a lifestyle rooted in community with a cool-factor that only The Standard can offer—all at an accessible price point.”

The Standard Residences, Midtown Miami has tapped the industry’s best talent for this debut. The building will be crafted by distinguished architects and designers, including award-winning Arquitectonica and Urban Robot. The building’s façade draws inspiration from the urban enclave’s storied past while connecting with the new energy of the neighborhood.

Residences will range in size from 432 square feet to 965 square feet and will express the ethos for which The Standard is known, meticulously designed interiors that provide that balance of style and functionality. Finishes include light wood plank tile flooring, gourmet kitchens with custom Italian cabinetry and Bosch appliances, while oversized bathrooms showcase stone vanities and double-suite rain showers.

"We endeavored to curate a distinctive residential experience, infused with the hospitality The Standard brand is known for,” said Giancarlo Pietri, Principal of Urban Robot Associates. “The vibe of the residences is tranquil in tone and texture— meant to evoke a sense of calm and comfort; While the public spaces nestled within are spirited and full of personality."

In step with other Standard properties, residents will enjoy thoughtfully designed social spaces and amenities spanning 34,000 square feet across five floors. The expansive lobby will inspire residents to connect, work and play – with lounge areas and a Café. A lushly landscaped rooftop creates an elevated outdoor experience with a 60-foot, resort-style sunset pool, and signature rooftop restaurant and bar reminiscent of the vibe The Standard pioneered from LA to New York to London.

Wellness offerings include a state-of-the-art sweat room and fitness center, an infrared sauna, an indoor pickleball court, and yoga and stretch studios. A social floor features a karaoke bar and screening room, while co-working spaces include a private boardroom and zoom rooms. A pet spa rounds out The Standard Residences’ anything but standard amenity package. In addition, the ground floor of the property will showcase 10,000 square feet of retail boutiques selected by The Standard’s in-house team.

A dedicated Standard concierge will be available around the clock to assist owners and direct cultural and community programming. Residents will also gain access to The Standard’s “Friends with Benefits” program, which earns them preferred pricing at all The Standard hotel properties around the world.

The Standard Residences will be located at 3100 NE 1st Avenue, Miami, FL 33137. The project is set to break ground in 2022 with expected completion by mid-2023.

For more information about The Standard Residences, private showings or purchasing/ leasing information please fill out the form below: