ÉDIFICEThe Development Journal

Downtown Miami, United States · Contemporary — Short-Term-Rental Friendly

501 First Residences

It All Starts Here

40 floors476 residencesNo rental restrictionsFully furnished by Shim Projects

Internal preview — photography pending licensing clearance from the developer

“It's a building designed around the assumption that owners will rarely sleep there themselves — which shows up in how hard the rooftop works.”

501 First is Aria Development Group's 40-story tower in the heart of Downtown Miami, developed with Kuwait's AQARAT and delivered in 2025 with 476 studio-to-two-bedroom residences fully finished and furnished by Shim Projects — no rental restrictions, and an active resale and rental market from day one. Rather than one shared amenity floor, 501 First splits its lifestyle offering across four levels: a porte-cochere and residential lobby at grade, a co-working and services floor on level three, a full social floor on level 38 anchored by an indoor Greenhouse, and the Verde Rooftop pool deck crowning level 40.

Amenities

Elegant porte-cochere with 24/7 valet service

Elegant porte-cochere with 24/7 valet service

A dedicated arrival drive with round-the-clock valet at street level.

Verde Rooftop on level 40 — a 75-foot resort-style lap pool, hot tub, and cold bath

Verde Rooftop on level 40 — a 75-foot resort-style lap pool, hot tub, and cold bath

The crowning amenity level: a 75-foot lap pool, hot tub, and cold-plunge bath with panoramic Downtown views.

North-facing private rooftop movie theatre (Sunset Theatre)

A private, north-facing outdoor movie theatre built into the rooftop pool deck.

The Greenhouse — a landscaped indoor oasis on level 38

The Greenhouse — a landscaped indoor oasis on level 38

An indoor landscaped lounge on the dedicated social floor, flanked by sunrise and sunset terraces.

HOMAGE Fitness-designed gym with a sunrise terrace

HOMAGE Fitness-designed gym with a sunrise terrace

A fitness center designed by HOMAGE Fitness with an attached outdoor sunrise terrace.

Level 38 amenity floor: private dining, TV lounge, co-working lounge

Level 38 amenity floor: private dining, TV lounge, co-working lounge

A full social floor combining private dining and kitchen space, a TV lounge, and a co-working lounge.

Luxer One contactless package room and enclosed, air-conditioned bike room

Contactless package lockers and a dedicated, climate-controlled bike storage room.

Pet spa for grooming and pampering

An on-site pet spa for grooming, serving the building's pet-friendly residents.

The Tower

Who built it, who designed it, and what kind of building it actually is.

Architect
Revuelta Architecture International
Developer
Aria Development Group, in partnership with AQARAT (Kuwait Real Estate Company)
Interior Designer
Shim Projects (residences); Resource Furniture (furnishings)
The Setup
Pure residential condominium — no hotel or short-term rental program.

Aria Development Group is a real estate development and investment firm founded in 2009 by Joshua Benaim, David Arditi, and Timothy Gordon, with holdings in New York City, Washington DC, and Miami, including Yotel Miami, 2200 Brickell, 600 MWC, and 321 Ocean. 501 First was developed in partnership with AQARAT (Kuwait Real Estate Company), one of Kuwait's leading real estate firms and the first to list on the Kuwait Stock Exchange.

501 First Residences rises through a series of distinct zones — click through the stack below.

Ground

Lobby Level

Porte-cochere with 24/7 valet, main lobby, residential elevators and lobby, and food & beverage service.

A conceptual massing diagram of 501 First Residences’s 40 stories, grouped into editorial zones rather than an exact architectural floor plan.

Progress Videos

Real construction milestones, straight from the developer.

The Vibe

501 First has no outside brand partner — its identity is the building itself: fully furnished by Shim Projects, rental-flexible from day one, and organized around the Verde Rooftop's pool, Sunset Theatre, and indoor Greenhouse lounge on level 38.

Built for the Verde Rooftop Life
Built for the Verde Rooftop Life

Floor Plans

A side-by-side look at the residences on offer.

Unit 00

Bedrooms
0
Bathrooms
1
Interior
458 sf / 43 sqm
Exterior
42 sf / 4 sqm
Total
500 sf / 47 sqm
Download Unit 00 floor plan (PDF) →

Unit 00 (ADA)

Bedrooms
0
Bathrooms
1
Interior
456 sf / 42 sqm
Exterior
42 sf / 4 sqm
Total
498 sf / 46 sqm
Download Unit 00 (ADA) floor plan (PDF) →

Unit 01

Bedrooms
2
Bathrooms
2
Interior
835 sf / 78 sqm
Exterior
110 sf / 10 sqm
Total
945 sf / 88 sqm
Download Unit 01 floor plan (PDF) →

Unit 01A

Bedrooms
0
Bathrooms
1
Interior
475 sf / 44 sqm
Exterior
75 sf / 7 sqm
Total
550 sf / 51 sqm
Download Unit 01A floor plan (PDF) →

Unit 01 (ADA)

Bedrooms
2
Bathrooms
2
Interior
835 sf / 78 sqm
Exterior
110 sf / 10 sqm
Total
945 sf / 88 sqm
Download Unit 01 (ADA) floor plan (PDF) →

Unit 01B

Bedrooms
0
Bathrooms
1
Interior
384 sf / 36 sqm
Exterior
36 sf / 3 sqm
Total
420 sf / 39 sqm
Download Unit 01B floor plan (PDF) →

Unit 02

Bedrooms
1
Bathrooms
2
Interior
597 sf / 55 sqm
Exterior
62 sf / 6 sqm
Total
659 sf / 61 sqm
Download Unit 02 floor plan (PDF) →

Unit 02 (ADA)

Bedrooms
1
Bathrooms
2
Interior
597 sf / 55 sqm
Exterior
62 sf / 6 sqm
Total
659 sf / 61 sqm
Download Unit 02 (ADA) floor plan (PDF) →

Unit 03

Bedrooms
1
Bathrooms
2
Interior
597 sf / 55 sqm
Exterior
62 sf / 6 sqm
Total
659 sf / 61 sqm
Download Unit 03 floor plan (PDF) →

Unit 03 (ADA)

Bedrooms
1
Bathrooms
2
Interior
597 sf / 55 sqm
Exterior
62 sf / 6 sqm
Total
659 sf / 61 sqm
Download Unit 03 (ADA) floor plan (PDF) →

Unit 04

Bedrooms
0
Bathrooms
1
Interior
402 sf / 37 sqm
Exterior
38 sf / 4 sqm
Total
440 sf / 41 sqm
Download Unit 04 floor plan (PDF) →

Unit 05

Bedrooms
1
Bathrooms
1
Interior
551 sf / 51 sqm
Exterior
68 sf / 6 sqm
Total
619 sf / 57 sqm
Download Unit 05 floor plan (PDF) →

Unit 06

Bedrooms
1
Bathrooms
1.5
Interior
561 sf / 52 sqm
Exterior
62 sf / 6 sqm
Total
623 sf / 58 sqm
Download Unit 06 floor plan (PDF) →

Unit 06 (ADA)

Bedrooms
1
Bathrooms
1.5
Interior
561 sf / 52 sqm
Exterior
62 sf / 6 sqm
Total
623 sf / 58 sqm
Download Unit 06 (ADA) floor plan (PDF) →

Unit 07

Bedrooms
0
Bathrooms
1
Interior
443 sf / 41 sqm
Exterior
39 sf / 4 sqm
Total
482 sf / 45 sqm
Download Unit 07 floor plan (PDF) →

Unit 08

Bedrooms
1
Bathrooms
1
Interior
606 sf / 56 sqm
Exterior
86 sf / 8 sqm
Total
692 sf / 64 sqm
Download Unit 08 floor plan (PDF) →

Unit 08 (ADA)

Bedrooms
1
Bathrooms
1
Interior
606 sf / 56 sqm
Exterior
86 sf / 8 sqm
Total
692 sf / 64 sqm
Download Unit 08 (ADA) floor plan (PDF) →

Unit 09

Bedrooms
0
Bathrooms
1
Interior
402 sf / 37 sqm
Exterior
38 sf / 4 sqm
Total
440 sf / 41 sqm
Download Unit 09 floor plan (PDF) →

Unit 10

Bedrooms
1
Bathrooms
2
Interior
597 sf / 55 sqm
Exterior
62 sf / 6 sqm
Total
659 sf / 61 sqm
Download Unit 10 floor plan (PDF) →

Unit 10 (ADA)

Bedrooms
1
Bathrooms
2
Interior
597 sf / 55 sqm
Exterior
62 sf / 6 sqm
Total
659 sf / 61 sqm
Download Unit 10 (ADA) floor plan (PDF) →

Unit 11

Bedrooms
1
Bathrooms
2
Interior
597 sf / 55 sqm
Exterior
62 sf / 6 sqm
Total
659 sf / 61 sqm
Download Unit 11 floor plan (PDF) →

Unit 11 (ADA)

Bedrooms
1
Bathrooms
2
Interior
597 sf / 55 sqm
Exterior
62 sf / 6 sqm
Total
659 sf / 61 sqm
Download Unit 11 (ADA) floor plan (PDF) →

Unit 12

Bedrooms
2
Bathrooms
2
Interior
835 sf / 78 sqm
Exterior
110 sf / 10 sqm
Total
945 sf / 88 sqm
Download Unit 12 floor plan (PDF) →

Unit 12A

Bedrooms
0
Bathrooms
1
Interior
384 sf / 36 sqm
Exterior
36 sf / 3 sqm
Total
420 sf / 39 sqm
Download Unit 12A floor plan (PDF) →

Unit 12 (ADA)

Bedrooms
2
Bathrooms
2
Interior
835 sf / 78 sqm
Exterior
110 sf / 10 sqm
Total
945 sf / 88 sqm
Download Unit 12 (ADA) floor plan (PDF) →

Unit 12B

Bedrooms
0
Bathrooms
1
Interior
475 sf / 44 sqm
Exterior
75 sf / 7 sqm
Total
550 sf / 51 sqm
Download Unit 12B floor plan (PDF) →

Unit 13

Bedrooms
1
Bathrooms
1.5
Interior
582 sf / 54 sqm
Exterior
63 sf / 6 sqm
Total
645 sf / 60 sqm
Download Unit 13 floor plan (PDF) →

Both residences include

  • Fully finished and furnished residences curated by award-winning design firm Resource Furniture
  • Floor-to-ceiling glass windows with custom window treatments
  • Every residence has a balcony, with finished flooring on interiors and balconies alike
  • Custom Italian cabinetry and counters in kitchens and bathrooms
  • European-brand appliances: speed oven, integrated paneled refrigerator/freezer, dishwasher, washer/dryer
  • Matte black Kohler kitchen and bath plumbing fixtures and accessories

The Honest Take

In favor

  • No rental restrictions and residences delivered fully finished and furnished — a straightforward turnkey rental play from day one
  • Amenities spread across four distinct levels (lobby, level 3, level 38, and the level-40 Verde Rooftop) rather than one crowded shared floor
  • Already delivered and occupied, with an active resale and rental market rather than a pre-construction waiting period

Worth weighing

  • No dedicated brochure or fact sheet is published on the developer's own site — floor plans are the only official documents available
  • Studio and one-bedroom units dominate the mix (no 3-bedroom or larger residences), so it's not suited to buyers wanting more space
  • Rental-friendly positioning means a higher share of transient occupants compared with towers marketed primarily to owner-occupants