Short-Term Rental 14 ROC Breaks Ground in Downtown Miami

June 25, 2026

Construction commenced on 14 ROC at 125 NE 14th Street in Downtown Miami, launching vertical construction on a 31-story, 283-unit condominium tower developed by GFO Investments (Russell Galbut) and Cervera Real Estate. The project was approximately 50% sold at the groundbreaking. Designed by RSP Architects with interiors by March and White Design and landscape architecture by Urban Robot Associates, the building delivers studios to two-bedroom-plus-den residences from 418 to 960 square feet — all with short-term rental flexibility, either self-managed or through an on-site rental program. Architecture incorporates a sculptural podium inspired by natural rock formations, creating a distinctive street presence on NE 14th Street. Amenities span over 25,000 square feet across three levels, including a Biscayne Bay-facing rooftop pool, podcast studio, karaoke room, and coworking spaces. The site sits within walking distance of the Pérez Art Museum, Adrienne Arsht Center, the planned Underdeck park, Brightline MiamiCentral, and Miami Worldcenter. Completion is anticipated in 2028.

14 ROC enters Downtown Miami's residential pipeline as a direct investment-oriented play — studios to 2BR+den from 418 to 960 sq ft with short-term rental permissions, at a location that is arguably the most transit- and culture-accessible in Miami's urban core. The 50% pre-sold status at groundbreaking confirms that buyer demand for STR-eligible product in the Downtown/Edgewater corridor is real and active. The partnership between Russell Galbut's GFO Investments — which co-developed the nearby Five Park Miami Beach — and Cervera Real Estate brings a credible multi-cycle development team to a project that might otherwise be dismissed as a standard Downtown Miami investment tower. The planned Underdeck park nearby, if delivered, would further enhance the walkability and livability argument for this address


Quick Facts

What milestone was reached and when?

Construction commenced on 14 ROC at 125 NE 14th Street in Downtown Miami on June 18, 2026. The project is developed by 14th Street Miami Investments LLC, an affiliate of Russell Galbut's GFO Investments, in partnership with Cervera Real Estate. Completion is anticipated in 2028.

What does the project deliver?

A 31-story residential tower with 283 condominium residences designed by RSP Architects, with interiors by March and White Design and landscape architecture by Urban Robot Associates. Seawood Builders is the general contractor. At the start, the project was approximately 50% sold.

What are the unit sizes, and what makes the project distinctive?

Studios to two-bedroom-plus-den layouts ranging from 418 to 960 square feet, with open floor plans, high ceilings, and private balconies overlooking Biscayne Bay and the Downtown skyline. A defining feature is short-term rental flexibility: owners may self-manage their units or participate in an on-site rental program — positioning 14 ROC as a direct investment play for buyers seeking yield in addition to personal use.

What amenities are planned?

More than 25,000 square feet across three levels: rooftop pool overlooking Biscayne Bay, coworking and meeting spaces, fitness center, yoga and wellness areas, sauna and steam rooms, game room, theater room, resident lounge with open kitchen, podcast studio, and karaoke room.

What is the project's location advantage?

The tower is positioned at the intersection of Downtown Miami, Edgewater, and Miami Worldcenter — within walking distance of the Adrienne Arsht Center for the Performing Arts, Pérez Art Museum Miami, and the planned 33-acre Underdeck public park. It also sits near Metromover stations and Brightline MiamiCentral, making it one of the most transit-accessible new residential addresses in Miami-Dade.

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