The Standard Residences Opens: Midtown's First New Condo in Years

The Standard Residences, the 12-story, 228-residence condo building at 3100 NE 1st Avenue in Midtown, is finished. It received its temporary certificate of occupancy and began closings in April 2026, Florida YIMBY reported. The developers say it was nearly sold out. The partnership calls it the first new residential building in Midtown in nearly a decade, according to Miami Today.

The building

The Standard Residences Midtown was developed by Rosso Development with Hyatt and Midtown Development. Arquitectonica designed it, Urban Robot did the interiors and Naturalficial the landscaping.

The amenity package covers more than 34,000 square feet. It includes a 60-foot pool, the rooftop restaurant and bar Solana (run by Juvia Group), a fitness center, yoga and stretch studios, an infrared sauna, co-working space, a screening room and a pickleball court that doubles as a disco room.

Resales are already listed

Many units are already back on the market. On October 13, 2026, 43 units in the building were for sale on the MLS, with a median asking price of $735,000, or $1,181 per square foot. Only one sale has closed through the MLS so far. The median listed HOA fee is $800 a month.

Those asking prices sit far above what Midtown actually trades at. Over the last 12 months, 91 Midtown condos sold at a median of $583 per square foot. Among the established towers:

• Hyde Midtown (2018): 20 sales at a median of $704 per square foot
• Midtown 2 (2007): 18 sales at $563
• Four Midtown (2008): 22 sales at $548
• Midblock (2007): 11 sales at $505

With 161 active listings against that pace of sales, Midtown has about 21 months of supply. Our Market Index for the neighborhood reads 24, a buyer's market.

What it means for buyers

A new building priced as new. A buyer at The Standard is paying for new construction, the amenities and the hotel brand. Whether units hold close to $1,181 per square foot will only show once more resales close. So far there is a single closed sale to compare against.

Plenty of competing supply. Forty-three listings in a 228-unit building, on top of a neighborhood with nearly two years of supply, gives buyers room to negotiate.

Financing data will come later. There are no recorded mortgages in the building yet, so lender acceptance cannot be read from the county record. A buyer planning to finance should confirm early that the lender will approve the building.

More is planned nearby. Rosso Development and Midtown Development are also behind Midtown Park, a five-acre, $2 billion mixed-use project at 3055 North Miami Avenue meant to link Midtown with Wynwood and the Design District. The city's Urban Development Review Board approved its master plan in October 2025. Check its status before counting on it.