The Standard Residences: First New Residential Project in Midtown in a Decade

New Inventory in Midtown

The Standard Residences marks a shift in the local residential landscape as the first new housing project in Midtown in nearly a decade. Developed by Rosso Development in partnership with Hyatt and Midtown Development, the 12-story pied-à-terre-style building will offer 228 residences.

Located southwest of the intersection of Northeast 32nd Street and Northeast First Avenue, the project introduces a significant amount of new inventory to a neighborhood that has seen limited residential growth in recent years.

Amenities and Design

The building is designed with a focus on wellness and lifestyle amenities, totaling over 34,000 square feet. These features include a 60-foot resort-style pool, a Solana rooftop restaurant and bar, and a variety of specialized spaces such as a fitness center, yoga and stretch studios, an infrared sauna, a screening room, and a pickleball court. The project also includes co-working spaces to accommodate residents' professional needs.

Local Market Context

For owners and prospective buyers in Midtown, the addition of The Standard Residences Midtown adds a new point of comparison for the local market.

Currently, The Standard Residences Midtown has 36 active condo listings from $505,000 at a median asking price of $1,237 per square foot. Nearby, Standard has 12 active listings from $550,000 at a median asking price of $1,099 per square foot.

Other nearby options include Midblock, which has 13 active listings from $510,000 at a median asking price of $557 per square foot, and Midtown 4, which has 13 active listings from $529,000 at a median asking price of $583 per square foot. Further out, Hyde Midtown offers 29 active listings from $508,000 at a median asking price of $786 per square foot, while Midtown 2 has 12 active listings from $599,000 at a median asking price of $618 per square foot.

As of August 2026, the Midtown neighborhood has 186 active condo listings with a median asking price of $746,950 ($869 per square foot) and 58 sales recorded in the last 12 months.

Sources Miami Today: 12-story building is first recent Midtown Miami housing — https://www.miamitodaynews.com/2026/07/01/12-story-building-is-first-recent-midtown-miami-housing/