Aria Development Group
501 Northeast 1st Avenue (site address 121 NE 5th Street), Miami, FL 33132, Florida
501 First Residences is a condominium project in downtown Miami, Florida, developed by Aria Development Group. The building rises in the city's central district, close to the everyday commerce, dining, and transit of the urban core.
Home types run from compact studios to one- and two-bedroom residences, roughly 385 to 835 interior square feet, aimed at buyers who value location and efficient layouts. Estimated completion is 2023.
Downtown Miami places daily needs within easy reach, from cafés and restaurants to shops, services, and cultural venues that fill the city's central blocks. The neighbourhood's walkable grid means residents can handle errands and dining on foot, with the wider entertainment and waterfront destinations of the core close at hand. Specific nearby businesses and institutions will be confirmed as the project progresses.
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The central location puts residents in one of Miami's most connected districts, where getting around often means walking or using local transit. Downtown Miami is served by the Metromover and Metrorail systems as well as major roadways including I-95, which link the neighbourhood to the airport, the beaches, and the wider metro area. Riders should confirm the nearest stations and routes for their day-to-day travel.
Aria Development Group is a real estate developer active in the Miami market, focused on residential projects in the city's urban neighbourhoods. The firm's work centres on delivering condominium homes in well-positioned locations; prospective buyers can review the builder's current and past developments directly to learn more about its portfolio and approach.
Buying pre-construction at a project like 501 First Residences typically begins with registering for first access, which puts you in line to receive floor plans, pricing, and release details before the wider public. Buying early in a release can matter because the best-positioned units and layouts often move first.
Purchases usually involve a deposit paid in stages over time rather than all at once, with the exact structure set by the developer. There is often a gap between interim occupancy — when you can move in or take possession — and the final closing, when title transfers. Confirm all deposit and closing terms directly with the builder.
In Florida, buyers of a new condominium have a 15-day rescission period under Florida Statute 718.503, allowing you to cancel within that window after signing. This is general education, not financial or legal advice; review your agreement carefully and consult your own professionals.
It is a condominium development in downtown Miami, Florida, by Aria Development Group. The building offers studio, one- and two-bedroom residences in the city's central district.
Plans include studio, one- and two-bedroom residences, ranging from approximately 385 to 835 interior square feet. The builder confirms specific floor plans and availability.
Pricing has been indicated from roughly $450,000 up to about $1,000,000. Current pricing and availability should be confirmed directly with the builder.
Completion was estimated for 2023. Buyers should confirm the latest occupancy and closing timeline with the sales team, as schedules can change.
The building is at 501 Northeast 1st Avenue (site address 121 NE 5th Street) in downtown Miami, FL 33132, within the walkable central district.
The project is being developed by Aria Development Group, a real estate developer active in the Miami market.
You can register your interest to receive updates on pricing, floor plans, and availability. Registering early can provide access to information as new details and releases are announced.
Information last updated July 3, 2026. Details are provided by the builder and may change without notice.
First access to pricing, floorplans, and availability — before the public.