121 NE 5th St

501 First Residences is a newly completed 40-story residential tower in Downtown Miami, delivered in 2025 with a focus on contemporary urban living. The condominium collection includes studios, one- and two-bedroom plans that emphasize open layouts, high ceilings, and floor-to-ceiling impact windows; many units feature private balconies and efficient kitchen islands with stone counters. Interiors show modern finishes—Italian-style cabinetry, solid-surface counters, well-appointed primary baths with soaking tubs or separate showers, generous closet systems, and flexible den/convertible-bedroom options suitable for work-from-home setups. Common areas are extensive and resort-oriented: multiple lounges and social rooms, rooftop pool and pool deck with cabanas, fitness and yoga studios, spa/hydrotherapy spaces, coworking/business centers, event and entertainment spaces, an outdoor living courtyard with grilling stations, dog run and playground. Building services include 24-hour concierge and security, valet parking and secure entry, multiple elevators, and on-site management. Exterior features prioritize outdoor living with decks, patios, private entrances on some units, and lighting/security upgrades. Located steps from Miami Worldcenter and transit (Brightline, Metromover), the project sits within walking distance of entertainment venues such as Kaseya Center, Bayside Marketplace, museums, dining and shopping in Brickell and Wynwood, and easy access to the waterfront and major highways. The building permits short-term rentals, making it active for both seasonal residents and investors seeking immediate income options.