Artificial Intelligence
Builders Company
Developers/Crescent Heights
CH
Crescent HeightsMiami, United States · founded 1986 · 1 active markets
PRIVATE

Crescent Heights develops, owns, and operates architecturally distinctive mixed-use high-rises and multifamily rental residences in major U.S. urban markets. Its projects serve renters and mixed-use communities, combining residential living with retail, hospitality-style amenities, public spaces, neighborhood-oriented programming, and local services.

Years in business
40
founded 1986
LinkedIn headcount
277
employees, as shown on LinkedIn · size band 201–500
Portfolio value
USD 12 billion completed development
33-year history
Total projects
150+ Completed Projects
across the company’s whole history
Units delivered
38K+ Completed Residences
as the company states it
Projects last researched October 14, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
CRESCENT HEIGHTS OF AMERICA, INC.1
Headquarters
2200 Biscayne Boulevard1, Miami1, United States
Founded
19861
Entity type
PRIVATE1
Business model
build to rent1, mixed use1, commercial1
Markets
1 market listed
What they build
Residential, for rent (4 of 8) · Mixed use (3 of 8) · Residential, for sale (2 of 8)
Full dossier in About →

Delivery record

5 date-assessed of 8 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
8
within the rolling ten-year window
Median delay
+12.0 mo
the middle of 5 scored projects
Average delay
+20.8 mo
the same projects, pulled by the worst
Average time to deliver
3.6 yrs
start to completion, over 5 delivered projects
Worst slip
+53.5 mo
1212 Lincoln · +47.0 to +60.0
0
early or less than 6 months late
6 to 12 months late
3
yellow rows below
Over 12 months late
2
red rows below

Against other developers

5 date-assessed here · 255 developers, 955 date-assessed projects in United States
Median delay
Crescent Heights·255 developers in United States
+12.0 mo vs +4.5 mo
this developer 7.5 mo worse
The typical project on each side.
Average delay
Crescent Heights·255 developers in United States
+20.8 mo vs +7.3 mo
this developer 13.5 mo worse
Both pulled by their worst few.
On time
Crescent Heights·255 developers in United States
0% vs 56%
this developer 56 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Crescent Heights·255 developers in United States
3.6 yrs vs 2.9 yrs
this developer 0.7 yrs slower
Start to completion, over 5 delivered here and 787 in the market.
Projects and timelines in Track Record →

Resident experience

8 of 8 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.6/ 10
Weighted judgment across build and operations · from 8 of 8 rated buildings
Structure & systems
6.0/ 10
Fabric, services, waterproofing, envelope · from 4 of 8 rated buildings
Management & living
7.3/ 10
Upkeep, response times, amenities, community · from 8 of 8 rated buildings

Against other developers

8 rated here · 276 developers, 1409 rated buildings in United States
Overall rating
Crescent Heights · 276 other developers in United States
7.6 vs 7.8
this developer 0.2 worse
The weighted verdict on each side. From 8 of 8 rated buildings here and 1409 in the market.
Structure & systems
Crescent Heights · 276 other developers in United States
6.0 vs 6.9
this developer 0.9 worse
Fabric and engineering only — fixed at handover. From 4 of 8 rated buildings here and 597 in the market.
Management & living
Crescent Heights · 276 other developers in United States
7.3 vs 7.4
this developer 0.1 worse
Upkeep and response — belongs to whoever runs the building now. From 8 of 8 rated buildings here and 1354 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • FINANCIAL DISTRESS May 28, 2024 (reported); deed-in-lieu followed the 2023 loan maturity An affiliate of Crescent Heights surrendered the 1201 South Michigan Avenue development site in Chicago to its lender through a deed-in-lieu of foreclosure after an unsuccessful sale effort; the loan had been extended several times and was due to expire in August 2023.
  • FINANCIAL DISTRESS August 2023 default transfer; January 2024 foreclosure/receiver action; February–June 2024 modification and resolution The $384 million loan secured by Crescent Heights’ NEMA San Francisco apartment complex was transferred to special servicing in August 2023 following imminent monetary default, and lenders filed suit seeking receiver control; a February 2024 modification later brought the loan current and allowed Crescent Heights to retain control.
  • DELIVERY DELAY October 2, 2024 (reported and redesign application filed); project had been frozen since the pandemic Crescent Heights’ approved 10 South Van Ness housing tower in San Francisco was described as frozen since the pandemic; in October 2024 the developer submitted a redesign adding 10 stories, but had not provided a construction start timeline.
  • 3 more in Risk & Sources
Record status
active
Company sources
97 source entries across 97 fields
Projects tracked
8 · 8 completed in assessment
All flags and sources →

Track Record

Delivery record

5 date-assessed of 8 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
8
within the rolling ten-year window
Median delay
+12.0 mo
the middle of 5 scored projects
Average delay
+20.8 mo
the same projects, pulled by the worst
Average time to deliver
3.6 yrs
start to completion, over 5 delivered projects
Worst slip
+53.5 mo
1212 Lincoln · +47.0 to +60.0
0
early or less than 6 months late
6 to 12 months late
3
yellow rows below
Over 12 months late
2
red rows below

Against other developers

5 date-assessed here · 255 developers, 955 date-assessed projects in United States
Median delay
Crescent Heights·255 developers in United States
+12.0 mo vs +4.5 mo
this developer 7.5 mo worse
The typical project on each side.
Average delay
Crescent Heights·255 developers in United States
+20.8 mo vs +7.3 mo
this developer 13.5 mo worse
Both pulled by their worst few.
On time
Crescent Heights·255 developers in United States
0% vs 56%
this developer 56 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Crescent Heights·255 developers in United States
3.6 yrs vs 2.9 yrs
this developer 0.7 yrs slower
Start to completion, over 5 delivered here and 787 in the market.
The market here is United States: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

8 of 8 projects dated · 6 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Atlanta, United States
Miami, United States
Miami Beach, United States
Boston, United States
Chicago, United States
Los Angeles, United States
201320142015201620172018201920202021202220232024202520262027todayATLANTA, UNITED STATES+5.5 moestimatedMIAMI, UNITED STATES+9.5 moestimated+10 moverifiedMIAMI BEACH, UNITED STATES+53.5 moverified+10 moverifiedBOSTON, UNITED STATES+23 moestimatedCHICAGO, UNITED STATES+18.5 moverifiedLOS ANGELES, UNITED STATES+12 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures.

Building & Livability Ratings

Resident experience

8 of 8 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.6/ 10
Weighted judgment across build and operations · from 8 of 8 rated buildings
Structure & systems
6.0/ 10
Fabric, services, waterproofing, envelope · from 4 of 8 rated buildings
Management & living
7.3/ 10
Upkeep, response times, amenities, community · from 8 of 8 rated buildings

Against other developers

8 rated here · 276 developers, 1409 rated buildings in United States
Overall rating
Crescent Heights · 276 other developers in United States
7.6 vs 7.8
this developer 0.2 worse
The weighted verdict on each side. From 8 of 8 rated buildings here and 1409 in the market.
Structure & systems
Crescent Heights · 276 other developers in United States
6.0 vs 6.9
this developer 0.9 worse
Fabric and engineering only — fixed at handover. From 4 of 8 rated buildings here and 597 in the market.
Management & living
Crescent Heights · 276 other developers in United States
7.3 vs 7.4
this developer 0.1 worse
Upkeep and response — belongs to whoever runs the building now. From 8 of 8 rated buildings here and 1354 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

8 rated · 0 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
1212 LincolnSouth Beach, Miami Beach
9.4/ 10
—/ 10
9.4/ 10

The building-level aggregate of 4.7/5 from 51 reviews sets the level and converts to approximately 9.1/10 under the stated curve. Repeated positive comments about atmosphere, comfort and rooftop activities support a modest upward adjustment, while the reported garage debris and humidity complaints were isolated rather than recurring themes.

− Construction debris and dirt reported in garage− Humidity reported in rooftop cinema area− Noise and light required operational controls
+ Pleasant atmosphere+ Comfortable seating+ Rooftop cinema+ Dog-friendly events+ Gym and salon amenities
− Garage construction debris− Unpleasant humidity reported

No published review located a structural failure, leak, plumbing problem, HVAC breakdown or other confirmed building-system defect. One review reported that the garage and adjoining hotel project were under “constant construction” and that cars could be covered with “construction debris and dirt”; separately, the city required controls for possible noise and light impacts from rooftop padel courts near residential buildings.

Published reviews describe an amenity-rich, lively experience: one reviewer called it an “Awesome retail spot” with a gym, salon and rooftop movie theater, while others praised the “relaxing” atmosphere, comfortable seating and dog-friendly cinema events. The main operational criticism was a report that construction debris and dirt could cover parked cars; another reviewer said the humidity was unpleasant and suggested industrial fans.

Forma MiamiEdgewater, Miami588 units
8.7/ 10
—/ 10
8.7/ 10

Google’s 4.6/5 from 176 reviews supplies the anchor, converting to 8.8/10 under the specified curve. The score is adjusted slightly downward for reported follow-through and leak concerns, with a small offset for repeated praise of amenities, cleanliness and maintenance responsiveness. Structure remains unevaluated because the available physical-condition evidence is complaint-only and does not support a separate systems score.

− Reported leaks
+ Extensive amenity package+ Responsive maintenance staff+ Clean common areas+ Professional staff+ Whole Foods integrated into building
− Management follow-through− Compact units relative to price− Urban noise− Shared Whole Foods parking traffic− Undersized sauna and steam room

The available building-specific review summary reports two reviews mentioning leaks since 2025. It also records one review mentioning elevator problems and one mentioning air-conditioning problems, but these are isolated reports rather than recurring themes; no independent engineering assessment was located.

Published Google-review excerpts describe Forma as “clean, modern, and well-managed,” with one reviewer saying maintenance came “on the hour” and praising Alexis’s responsiveness. The broader review summary also says residents report “difficulty getting responses to ongoing issues after signing a lease,” so the positive day-to-day service reports coexist with a documented follow-through concern.

NEMA BostonSeaport, Boston414 units
8.1/ 10
7.3/ 10
Apartment Ratings 4.4/5 · 7 reviews · apartmentratings.com
RentCafe 5/5, 3/5 · no review count · rentcafe.com
Combined from 3 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.3.
6.5/ 10
Apartment Ratings 4/5, 4.3/5, 4.6/5 · 7 reviews · apartmentratings.com
RentCafe 1/5, 4/5, 1/5, 3/5 · no review count · rentcafe.com
Combined from 7 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.5.

Apartment Ratings supplies the largest published review base at 4.4/5 from 31 resident reviews, converting to an 8.2/10 anchor. Repeated operational complaints lower that level, while repeated praise for staff, amenities, cleanliness and location partly restores it; physical-condition concerns leave structure below the overall score.

+ Well-kept common areas+ Clean building+ Modern finishes+ Facilities maintained well
− Peeling fake-wood floors reported− Elevator reliability complaints− Long elevator waits− Roof-deck noise intrusion
+ Excellent amenities+ Helpful staff+ Professional concierge and maintenance+ Convenient package handling+ Strong location
− Poor management communication− Smoke/weed odor complaints− Night security concerns− Roof-deck and street noise− High rent/value complaints

Residents describe the building as “modern, clean, and very well maintained,” and Apartment Ratings reports 4.4/5 for grounds and maintenance. Counterevidence includes “the fake wood floors peel” and “Only 1-2 [elevators] work at a time,” so the physical evidence is positive overall but not uniform.

Reviews praise “excellent amenities and helpful, attentive staff,” organized package handling and a clean, welcoming community. Negative reports describe “zero communication from management,” recurring weed odor, security concerns and noise that management does not consistently enforce.

Canopy ParkSouth Beach, Miami Beach
8.0/ 10
7.0/ 10
7.8/ 10

The largest clearly identified review base for Canopy Park is Google at 4.5/5 from 28 ratings, which converts to 8.5/10. Repeated shade and heat complaints reduce that level, while positive recreation feedback provides a smaller offset; the separate Five Park rating is reported because it concerns the associated residential tower but is not used as the Canopy Park anchor.

+ Clean and well-maintained park reported+ Water-retention and stormwater systems described+ Native landscaping and biodiversity features
− Apartment kitchen and bath quality criticized− Uneven ceiling heights reported
+ 4.5/5 Google visitor rating+ Playground and ball-game use praised+ Outdoor gym and dog park+ Accessible entrance and water fountain
− Little shade− Playground equipment becomes very hot− Limited suitability for younger children− Occasional discomfort from homeless visitors

The park itself is described as clean and well-maintained, while the published project material describes a 25,000-gallon cistern, bioswales and rain gardens designed to capture stormwater. A Five Park reviewer separately said they were “not impressed with the quality of the kitchen, baths, etc.” and criticized inconsistent ceiling heights; this is a single review, not evidence of a recurring structural failure.

Visitors generally describe Canopy Park as a useful family and recreation space: one review says the parks are “great for kids or for kicking a ball around,” and the city lists an enclosed playground, fitness area, dog park and water fountain. The clearest repeated drawback is shade and heat—sources say there is “no shade,” recommend sunscreen and early visits, and report that metal equipment becomes dangerously hot by mid-morning.

Ten ThousandCentury City / Beverly Hills border, Los Angeles283 units
7.8/ 10
—/ 10
7.8/ 10

Yelp has the largest review base and its 4.3/5 rating converts to 7.9/10, setting the level. Google’s nearly equal-sized 3.9/5 aggregate indicates a materially weaker experience, while the recurring published praise is consistently about staff, service and upkeep rather than building systems.

+ attentive front-desk staff+ helpful gym staff+ professional maintenance team+ courteous valet service+ well-maintained grounds

no notes returned

no links returned

Published reviews describe a strongly service-oriented daily experience. Reviewers call the front desk “professional, friendly, knowledgeable and very accommodating,” say the maintenance, wellness, leasing, reception and valet teams are “top notch,” and praise the grounds as maintained “to the highest standards.”

NEMA ChicagoSouth Loop / Near South Side, Chicago800 units
7.5/ 10
—/ 10
7.5/ 10
VeryApt 9/10, 9.8/10, 8.9/10, 8/10, 8/10, 9.4/10 · 11 reviews · veryapt.com
Combined from 6 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.5.

The largest review base is Yelp's building-level 3.5/5 from 54 reviews, which converts to 5.5/10 and sets the anchor. VeryApt's 9.5/10 from 11 reviews is materially more favorable but too small to replace the anchor; the reported positive and negative themes move the result modestly to 6.0/10. Structure remains unscored because the published material contains only isolated resident comments, not a sufficiently developed systems rating.

+ Modern design+ Strong views+ Well-designed apartments
− Slow elevators− Elevators sometimes unavailable
+ Extensive amenities+ Responsive maintenance+ Kind staff+ Convenient transit access+ Lake and park access
− Management responsiveness concerns− Poor leasing-agent experience− Lobby fireplace unrepaired− Steam room cleaning complaint− High price

Resident feedback praises NEMA's modern design, views and well-designed apartments. One review reports that “Elevators are very slow and sometimes don't work”; no broader published engineering or systems assessment was located.

Residents repeatedly praise the amenities and location; one review says staff are “always extremely responsive” and work orders are answered “within an hour.” Countervailing feedback describes leasing agents as “terrible,” calls the management office “absolutely horrific,” and reports a lobby fireplace unrepaired for months and an inadequately cleaned steam room.

Panorama BuckheadBuckhead, Atlanta236 units
6.3/ 10
5.7/ 10
6.4/ 10

Apartment Ratings has the largest reported review base and sets the level at 4.0/5, converted to 7.0 under the supplied curve. The score is pulled down for repeated operational, security and physical-condition complaints, with limited upward offset for repeated praise of the location, staff and amenities. Google’s lower rating is treated as dissent rather than a second anchor because its review base is much smaller.

+ Renovated units and lobby reported+ Building described as having “great bones”+ Some residents report clean amenities+ Some apartments reported in good shape
− Roach and pest reports− Mold and moisture-control reports− Basement smells and flooding reports− Aging HVAC reported− Cracking sheetrock and tile reported
+ Convenient Buckhead location+ Friendly staff reported+ Responsive management reported by some residents+ 24-hour concierge praised+ Pool and gym praised by some reviewers
− Management turnover− Unresponsive or rude management reports− Security concerns− Trash and package-theft concerns− Noise and resident-conduct complaints

Physical feedback is mixed and materially dated: residents reported “ancient HVAC units,” basement areas that “smells and floods often,” sheetrock cracking, moisture-control problems and minor mold. More recent Google-linked reviews say only a few floors were fully updated and cite pest issues and disrepair, while the developer describes a renovation program and upgraded amenities; the future or ongoing work should not be treated as completed as of October 14, 2026.

Daily-life reports range from “very professional, friendly, courteous, and respectful” staff and a convenient location to complaints that management was “non-existent,” doors were left unsecured, and packages were left exposed. Recent reviews praise responsive staff and renovation activity, but the strongest negative accounts describe pests, trash, noise and a deteriorating resident experience.

Brickell HeightsBrickell, Miami690 units
4.9/ 10
4.0/ 10
4.2/ 10

Google’s building-level aggregate of 3.2/5 from 177 reviews sets the anchor, converted to approximately 4.6/10 under the requested curve. The score is pulled down by reported balcony cracks, elevator problems, fines and noise, partly offset by multiple recent reviews praising management, staff, cleanliness and community operations; the evidence is current through October 14, 2026 but remains review-based and internally mixed.

+ Quality construction praised+ Clean and well-kept building
− Balcony cracks reported− Elevator breakdowns reported− Slow elevators
+ Responsive management+ Friendly front-desk staff+ Professional security/front desk+ Clean common areas+ Strong amenities and resident events
− Fines and perceived management bias− Parking-control delays− Persistent street noise

Structural feedback is mixed. One February 2026 review alleged “structural issues, including cracks in the balconies” and said the elevators were “constantly breaking down”; a separate building review summary identifies slow elevators as a recurring gripe, while other public material praises the quality of construction.

Recent five-star reviews praise the new management team as “incredibly friendly, attentive” and say the building is “always clean, well maintained,” with issues handled quickly and community events organized. Negative reviews allege management is “always on the lookout for ways to fine you,” while another says a parking problem was not resolved quickly; a further review reports nightly car and bike racing noise.

Only buildings that have reached handover are rated. 0 of 8 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
CRESCENT HEIGHTS OF AMERICA, INC.
Headquarters
2200 Biscayne Boulevard, Miami, United States
33137
Founded
1986
Los Angeles, US
Entity type
PRIVATE
Revenue
USD 6.24 million annual revenue
Business model
build to rent, mixed use, commercial

Offices

head office and 3 others
ChicagoSan FranciscoLos Angeles

Sources: office cities

COMPANYdate not shown in source

Crescent Heights | Contact

Crescent Heights
Chicago 1210 S Indiana Ave Management Office Chicago, IL 60605 ... San Francisco 8 10th Street Management Office San Francisco, CA 94103 ... Los Angeles 6200 Wilshire Boulevard Suite 1208 Los Angeles, CA 90048
value seen: Chicago; San Francisco; Los Angeles
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.crescentheights.com/contact

Partners

12 partners
Blackstone
funder

Provided $224 million in loans for Crescent Heights’ NEMA mixed-use Edgewater development.

Whole Foods Market
operator

Anchors the ground floor of NEMA Miami with a supermarket.

Arquitectonica
partner

Designed NEMA Miami and Forma.

Rockwell Group
partner

Oversaw interior design for NEMA Miami and designed Forma’s interiors.

McHugh Construction
contractor

Jointly managed contracting at NEMA Miami.

Stiles Construction
contractor

Jointly managed contracting at NEMA Miami.

Bank of China
funder

The company identifies it as a long-standing financial-institution relationship.

Bank of America
funder

The company identifies it as a business relationship.

Citi Private Bank
funder

The company identifies it as a financing relationship.

HSBC Bank USA
funder

The company identifies Crescent Heights as a top-tier commercial-real-estate relationship.

Barclays Capital
funder

The company identifies it as a lending relationship.

Goldman Sachs & Co.
funder

The company identifies it as a business relationship.

Sources: partners

PRESS2022-04-04

Crescent Heights Lands $224M From Blackstone to Build in Miami’s Edgewater

Commercial Observer
Crescent Heights scored $224 million in loans from Blackstone for a mixed-use Edgewater development.
value seen: Blackstone
https://commercialobserver.com/2022/04/blackstone-crescent-heights-nema-edgewater/

Sources: partners

COMPANYdate not shown in source

Crescent Heights | Home

Crescent Heights
Forma is a one-of-a-kind rental residence that brings together signature architecture by Arquitectonica, world-class design by Rockwell Group, and the wellness-focused convenience of Whole Foods Market.
value seen: Whole Foods Market
https://www.crescentheights.com/

Sources: partners

PRESS2022-04-04

Crescent Heights Lands $224M From Blackstone to Build in Miami’s Edgewater

Commercial Observer
The development, designed by Arquitectonica and Rockwell Group, is slated to open in early 2024
value seen: Arquitectonica
https://commercialobserver.com/2022/04/blackstone-crescent-heights-nema-edgewater/

Sources: partners

PRESS2022-04-04

Crescent Heights Lands $224M From Blackstone to Build in Miami’s Edgewater

Commercial Observer
The development, designed by Arquitectonica and Rockwell Group, is slated to open in early 2024
value seen: Rockwell Group
https://commercialobserver.com/2022/04/blackstone-crescent-heights-nema-edgewater/

Sources: partners

PRESS2023-09-11

Crescent Heights Tops Off on Miami Luxury High-Rise - MHN

Multi-Housing News
Contracting at the property is being jointly managed by McHugh Construction and Stiles Construction.
value seen: McHugh Construction
https://www.multihousingnews.com/crescent-heights-tops-off-on-miami-luxury-high-rise/

Sources: partners

PRESS2023-09-11

Crescent Heights Tops Off on Miami Luxury High-Rise - MHN

Multi-Housing News
Contracting at the property is being jointly managed by McHugh Construction and Stiles Construction.
value seen: Stiles Construction
https://www.multihousingnews.com/crescent-heights-tops-off-on-miami-luxury-high-rise/

Registrations & licences

COMPANY NUMBERP97000109101
Florida Department of State, Division of Corporations (Sunbiz) · US · ACTIVE
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
United Statesactive 8 projects tracked

What they build

6 types
Residential, for rent4 of 8
Mixed use3 of 8
Residential, for sale2 of 8
Retail2 of 8
Hotel1 of 8
Other1 of 8
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
SK
Sonny Kahn
Sonny Kahn is identified as Crescent Heights’ Chairman and Chief Executive Officer and one of the three partners who founded the firm. The retrieved material does not provide a sufficiently detailed, independently corroborated career or education profile, so those fields are left blank.
Current title
Chairman & Chief Executive Officer
Experience
no career length stated
Companies before
none sourced
Education
not published
Other boards
none sourced
Known for
nothing tagged

Sources: full name

DIRECTORYdate not shown in source

Sonny Kahn - Chairman & Chief Executive Officer - Crescent Heights | Revere

Revere
## Sonny Kahn Crescent Heights Chairman & Chief Executive Officer
value seen: Sonny Kahn
https://platform.reverecre.com/user/sonny.kahn

Sources: role type

COMPANY2024-11-20

Crescent Heights | Leadership

Crescent Heights
## Crescent Heights is led by Sonny Kahn, Russell W. Galbut and Bruce A. Menin, partners since they founded the firm 40 years ago.
value seen: CHAIR
value paraphrased from this source
https://www.crescentheights.com/about/leadership

Sources: summary

DIRECTORYdate not shown in source

Sonny Kahn - Chairman & Chief Executive Officer - Crescent Heights | Revere

Revere
Crescent Heights Chairman & Chief Executive Officer
value seen: Sonny Kahn is identified as Crescent Heights’ Chairman and Chief Executive Officer and one of the three partners who founded the firm. The retrieved material does not provide a sufficiently detailed, independently corroborated career or education profile, so those fields are left blank.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://platform.reverecre.com/user/sonny.kahn

Sources: title

DIRECTORYdate not shown in source

Sonny Kahn - Chairman & Chief Executive Officer - Crescent Heights | Revere

Revere
Chairman & Chief Executive Officer
value seen: Chairman & Chief Executive Officer
https://platform.reverecre.com/user/sonny.kahn
RW
Russell W. Galbut
Russell W. Galbut is a founding partner and Managing Principal of Crescent Heights, with a current profile showing the role from July 1989. Cornell describes his earlier hotel and real-estate development work and identifies board service at Norwegian Cruise Line Holdings and the Simon Wiesenthal Center.
Current title
Managing Principal
since Jul 1989 - Present
Experience
no career length stated
Companies before
Laventhol & Horwath
Education
Cornell UniversitySchool of Hotel Administration
University of Miami School of LawJuris Doctor
Other boards
Chairman, Norwegian Cruise Line Holdings Ltd.Board of trustees, Simon Wiesenthal Center
Known for
nothing tagged
https://www.linkedin.com/in/russell-galbut-0a2535a
We are significant landowners there. I believe you’re going to see some exciting projects coming about there in the near future. Miami Today May 28, 2019https://www.miamitodaynews.com/2019/05/28/russell-galbut-guiding-crescent-heights-chairing-norwegian-cruises/

Sources: degree

OTHERdate not shown in source

Russell W. Galbut '74- Cornell SC Johnson College of Business

Cornell University
He graduated from the School of Hotel Administration (now the Cornell Peter and Stephanie Nolan School of Hotel Administration) at Cornell University in 1974.
value seen: School of Hotel Administration
https://business.cornell.edu/profiles/russell-galbut/

Sources: institution

OTHERdate not shown in source

Russell W. Galbut '74- Cornell SC Johnson College of Business

Cornell University
He graduated from the School of Hotel Administration (now the Cornell Peter and Stephanie Nolan School of Hotel Administration) at Cornell University in 1974.
value seen: Cornell University
https://business.cornell.edu/profiles/russell-galbut/

Sources: degree

OTHERdate not shown in source

Russell W. Galbut '74- Cornell SC Johnson College of Business

Cornell University
Galbut attended law school at the University of Miami School of Law, earning a Juris Doctor in 1980.
value seen: Juris Doctor
https://business.cornell.edu/profiles/russell-galbut/

Sources: institution

OTHERdate not shown in source

Russell W. Galbut '74- Cornell SC Johnson College of Business

Cornell University
Galbut attended law school at the University of Miami School of Law, earning a Juris Doctor in 1980.
value seen: University of Miami School of Law
https://business.cornell.edu/profiles/russell-galbut/

Sources: full name

COMPANY2024-11-20

Crescent Heights | Leadership

Crescent Heights
## Crescent Heights is led by Sonny Kahn, Russell W. Galbut and Bruce A. Menin, partners since they founded the firm 40 years ago.
value seen: Russell W. Galbut
https://www.crescentheights.com/about/leadership

Sources: other boards

OTHERdate not shown in source

Russell W. Galbut '74- Cornell SC Johnson College of Business

Cornell University
More recently, he was elected chairman of Norwegian Cruise Line Holdings Ltd., an S&P 500 company.
value seen: Chairman, Norwegian Cruise Line Holdings Ltd.
held out of the figures · the quote does not carry this value
https://business.cornell.edu/profiles/russell-galbut/

Sources: other boards

OTHERdate not shown in source

Russell W. Galbut '74- Cornell SC Johnson College of Business

Cornell University
Galbut also serves on the board of trustees of the Simon Wiesenthal Center and other charitable organizations.
value seen: Board of trustees, Simon Wiesenthal Center
held out of the figures · the quote does not carry this value
https://business.cornell.edu/profiles/russell-galbut/

Sources: previous companies

OTHERdate not shown in source

Russell W. Galbut '74- Cornell SC Johnson College of Business

Cornell University
After college, Galbut returned to Miami to begin his career as a hotel and real estate consultant with Laventhol & Horwath.
value seen: Laventhol & Horwath
https://business.cornell.edu/profiles/russell-galbut/

Sources: quote

PRESS2019-05-28

Russell Galbut: Guiding Crescent Heights, chairing Norwegian Cruises - Miami Today

Miami Today
“We are significant landowners there,” he said. “I believe you’re going to see some exciting projects coming about there in the near future.”
value seen: We are significant landowners there. I believe you’re going to see some exciting projects coming about there in the near future.
held out of the figures · the quote does not carry this value
https://www.miamitodaynews.com/2019/05/28/russell-galbut-guiding-crescent-heights-chairing-norwegian-cruises/

Sources: role type

OTHERdate not shown in source

Russell W. Galbut '74- Cornell SC Johnson College of Business

Cornell University
* Managing Principal
value seen: MANAGING_DIRECTOR
value paraphrased from this source
https://business.cornell.edu/profiles/russell-galbut/

Sources: since

SOCIALdate not shown in source

Russell Galbut

LinkedIn
### Managing Principal - [Crescent Heights] (Current) Jul 1989 - Present (37 years and 2 months)
value seen: Jul 1989 - Present
https://www.linkedin.com/in/russell-galbut-0a2535a

Sources: summary

OTHERdate not shown in source

Russell W. Galbut '74- Cornell SC Johnson College of Business

Cornell University
In 1989, Galbut, along with partners Sonny Kahn and Bruce Menin at Crescent Heights, acquired The Alexander and converted the property into a condo-hotel. Beginning in the 1990s, he served on numerous boards of public, civic, charitable and private organizations. More recently, he was elected chairman of Norwegian Cruise Line Holdings Ltd., an S&P 500 company. Galbut also serves on the board of trustees of the Simon Wiesenthal Center and other charitable organizations.
value seen: Russell W. Galbut is a founding partner and Managing Principal of Crescent Heights, with a current profile showing the role from July 1989. Cornell describes his earlier hotel and real-estate development work and identifies board service at Norwegian Cruise Line Holdings and the Simon Wiesenthal Center.
https://business.cornell.edu/profiles/russell-galbut/

Sources: title

SOCIALdate not shown in source

Russell Galbut

LinkedIn
## Managing Principal - [Crescent Heights] (Current)
value seen: Managing Principal
https://www.linkedin.com/in/russell-galbut-0a2535a
BA
Bruce A. Menin
Bruce A. Menin is a founding Principal who has guided the ideation, positioning and construction of more than 150 residential and mixed-use properties. His profile highlights major multifamily and mixed-use development, including Forma Miami and the NEMA brand, and records degrees from Harvard, Sydney and Northwestern.
Current title
Principal
Experience
no career length stated
Companies before
none sourced
Education
Harvard Universitybachelor’s degree in Government
University of Sydneymaster’s degree in Economics (with Honors)
Northwestern UniversityJuris Doctor
Other boards
Chairman Emeritus, Lower East Side Tenement Museum
Known for
Founding Principal150+ properties$14B development

Sources: degree

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
Menin graduated cum laude from Harvard University with a bachelor’s degree in Government.
value seen: bachelor’s degree in Government
https://www.crescentheights.com/team/bruce-menin

Sources: institution

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
Menin graduated cum laude from Harvard University with a bachelor’s degree in Government.
value seen: Harvard University
https://www.crescentheights.com/team/bruce-menin

Sources: degree

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
He holds a master’s degree in Economics (with Honors) from the University of Sydney, Australia, as a Rotary Foundation Scholar
value seen: master’s degree in Economics (with Honors)
https://www.crescentheights.com/team/bruce-menin

Sources: institution

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
He holds a master’s degree in Economics (with Honors) from the University of Sydney, Australia, as a Rotary Foundation Scholar
value seen: University of Sydney
https://www.crescentheights.com/team/bruce-menin

Sources: degree

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
received a Juris Doctor from Northwestern University, where he served as Editor of the Law Review
value seen: Juris Doctor
https://www.crescentheights.com/team/bruce-menin

Sources: institution

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
received a Juris Doctor from Northwestern University, where he served as Editor of the Law Review
value seen: Northwestern University
https://www.crescentheights.com/team/bruce-menin

Sources: full name

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
As a founding Principal of Crescent Heights
value seen: Bruce A. Menin
held out of the figures · the quote does not carry this value
https://www.crescentheights.com/team/bruce-menin

Sources: other boards

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
An active philanthropist, Menin is Chairman Emeritus of the Lower East Side Tenement Museum.
value seen: Chairman Emeritus, Lower East Side Tenement Museum
held out of the figures · the quote does not carry this value
https://www.crescentheights.com/team/bruce-menin

Sources: role type

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
As a founding Principal of Crescent Heights, he has guided the ideation, positioning, and construction of over 150 major residential and mixed-use properties—delivering over $14 billion in development nationwide.
value seen: FOUNDER
value paraphrased from this source
https://www.crescentheights.com/team/bruce-menin

Sources: summary

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
As a founding Principal of Crescent Heights, he has guided the ideation, positioning, and construction of over 150 major residential and mixed-use properties—delivering over $14 billion in development nationwide.
value seen: Bruce A. Menin is a founding Principal who has guided the ideation, positioning and construction of more than 150 residential and mixed-use properties. His profile highlights major multifamily and mixed-use development, including Forma Miami and the NEMA brand, and records degrees from Harvard, Sydney and Northwestern.
https://www.crescentheights.com/team/bruce-menin

Sources: tags

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
As a founding Principal of Crescent Heights
value seen: Founding Principal
https://www.crescentheights.com/team/bruce-menin

Sources: tags

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
over 150 major residential and mixed-use properties
value seen: 150+ properties
https://www.crescentheights.com/team/bruce-menin

Sources: tags

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
delivering over $14 billion in development nationwide
value seen: $14B development
held out of the figures · the quote does not carry this value
https://www.crescentheights.com/team/bruce-menin

Sources: title

COMPANYdate not shown in source

Crescent Heights | Bruce A. Menin

Crescent Heights
## Principal
value seen: Principal
https://www.crescentheights.com/team/bruce-menin
CK
Casey Klein
Casey Klein is a Crescent Heights principal who has led acquisitions, refinancing and development initiatives across the national portfolio. His interview describes his progression from acquisition analyst and the firm’s shift toward build-and-hold and new development.
Current title
Principal
since 2006
Experience
no career length stated
Companies before
none sourced
Education
George Washington Universityreal estate and finance
Other boards
none sourced
Known for
AcquisitionsCapital marketsBuild-and-holdGeorge Washington University
We go into projects now with more of a longer-term view. Commercial Observer September 4, 2019https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/
The market really reacted well; it’s still one of the top performing and highest performing assets in that market. Commercial Observer September 4, 2019https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/

Sources: degree

PRESSdate not shown in source

In the Heights: Casey Klein Is Taking the Development Long View

Commercial Observer
Klein studied real estate and finance at George Washington University in D.C.
value seen: real estate and finance
https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/

Sources: institution

PRESSdate not shown in source

In the Heights: Casey Klein Is Taking the Development Long View

Commercial Observer
Klein studied real estate and finance at George Washington University in D.C.
value seen: George Washington University
https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/

Sources: full name

PRESSdate not shown in source

In the Heights: Casey Klein Is Taking the Development Long View

Commercial Observer
The 34-year-old principal has been busy recalibrating and refinancing the developer’s existing portfolio lately
value seen: Casey Klein
held out of the figures · the quote does not carry this value
https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/

Sources: quote

PRESS2019-09-04

In the Heights: Casey Klein Is Taking the Development Long View

Commercial Observer
We go into projects now with more of a longer-term view.
value seen: We go into projects now with more of a longer-term view.
https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/

Sources: quote

PRESS2019-09-04

In the Heights: Casey Klein Is Taking the Development Long View

Commercial Observer
The market really reacted well; it’s still one of the top performing and highest performing assets in that market.
value seen: The market really reacted well; it’s still one of the top performing and highest performing assets in that market.
https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/

Sources: role type

PRESSdate not shown in source

In the Heights: Casey Klein Is Taking the Development Long View

Commercial Observer
The 34-year-old principal has been busy recalibrating and refinancing the developer’s existing portfolio lately
value seen: OTHER
value paraphrased from this source
https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/

Sources: since

PRESSdate not shown in source

In the Heights: Casey Klein Is Taking the Development Long View

Commercial Observer
You joined the company in 2006
value seen: 2006
https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/

Sources: summary

PRESSdate not shown in source

In the Heights: Casey Klein Is Taking the Development Long View

Commercial Observer
I then evolved into an acquisitions-focused role and did a lot of our national development acquisitions during the downturn and looked at a lot of large structured purchases.
value seen: Casey Klein is a Crescent Heights principal who has led acquisitions, refinancing and development initiatives across the national portfolio. His interview describes his progression from acquisition analyst and the firm’s shift toward build-and-hold and new development.
held out of the figures · the quote does not carry this value
https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/

Sources: tags

PRESSdate not shown in source

In the Heights: Casey Klein Is Taking the Development Long View

Commercial Observer
I spearheaded a lot of our acquisitions
value seen: Acquisitions
https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/

Sources: tags

PRESSdate not shown in source

In the Heights: Casey Klein Is Taking the Development Long View

Commercial Observer
recalibrating and refinancing the developer’s existing portfolio
value seen: Capital markets
held out of the figures · the quote does not carry this value
https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/

Sources: tags

PRESSdate not shown in source

In the Heights: Casey Klein Is Taking the Development Long View

Commercial Observer
we certainly have migrated towards a sort of build and hold model
value seen: Build-and-hold
https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/

Sources: tags

PRESSdate not shown in source

In the Heights: Casey Klein Is Taking the Development Long View

Commercial Observer
Klein studied real estate and finance at George Washington University in D.C.
value seen: George Washington University
value paraphrased from this source
https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/

Sources: title

PRESSdate not shown in source

In the Heights: Casey Klein Is Taking the Development Long View

Commercial Observer
The 34-year-old principal has been busy recalibrating and refinancing the developer’s existing portfolio lately
value seen: Principal
https://commercialobserver.com/2019/09/in-the-heights-casey-klein-is-taking-the-development-long-view/
AT
Adam Tartakovsky
Adam Tartakovsky is Managing Director at Crescent Heights and focuses on acquisitions involving multifamily and mixed-use properties in the United States. A profile records that he joined the firm in January 2013 and previously served as Vice President.
Current title
Managing Director
since Jan 2025 - Present
Experience
no career length stated
Companies before
Paul, Weiss, Rifkind, Wharton & Garrison LLP
Education
not published
Other boards
none sourced
Known for
nothing tagged
https://www.linkedin.com/in/adam-tartakovsky-414804115

Sources: full name

OTHERdate not shown in source

Adam Tartakovsky, Managing Director at Crescent Heights | Commercial Real Estate | Capdex

Capdex
Adam Tartakovsky is Managing Director at Crescent Heights
value seen: Adam Tartakovsky
https://capdex.com/people/adam-tartakovsky

Sources: previous companies

SOCIALdate not shown in source

Adam Tartakovsky

LinkedIn
### Associate - [Paul, Weiss, Rifkind, Wharton & Garrison LLP]
value seen: Paul, Weiss, Rifkind, Wharton & Garrison LLP
https://www.linkedin.com/in/adam-tartakovsky-414804115

Sources: role type

OTHERdate not shown in source

Adam Tartakovsky, Managing Director at Crescent Heights | Commercial Real Estate | Capdex

Capdex
Managing Director
value seen: MANAGING_DIRECTOR
value paraphrased from this source
https://capdex.com/people/adam-tartakovsky

Sources: since

OTHERdate not shown in source

Adam Tartakovsky, Managing Director at Crescent Heights | Commercial Real Estate | Capdex

Capdex
#### Managing Director (Current) Jan 2025 - Present
value seen: Jan 2025 - Present
https://capdex.com/people/adam-tartakovsky

Sources: summary

OTHERdate not shown in source

Adam Tartakovsky, Managing Director at Crescent Heights | Commercial Real Estate | Capdex

Capdex
Adam Tartakovsky is Managing Director at Crescent Heights, where he focuses on the firm’s acquisition activities involving multifamily and mixed-use properties in the United States.
value seen: Adam Tartakovsky is Managing Director at Crescent Heights and focuses on acquisitions involving multifamily and mixed-use properties in the United States. A profile records that he joined the firm in January 2013 and previously served as Vice President.
held out of the figures · the quote does not carry this value
https://capdex.com/people/adam-tartakovsky

Sources: title

OTHERdate not shown in source

Adam Tartakovsky, Managing Director at Crescent Heights | Commercial Real Estate | Capdex

Capdex
Adam Tartakovsky is Managing Director at Crescent Heights
value seen: Managing Director
https://capdex.com/people/adam-tartakovsky
PD
Pablo de Almagro
Pablo de Almagro is Crescent Heights’ Corporate Controller and CFO and the only non-owner member of its board, according to his professional profile. He oversees treasury and accounting, financial reporting, controls, audits and tax coordination; previously he managed real-estate project cost information at Coca-Cola Enterprises.
Current title
Chief Financial Officer, Corporate Controller and Cash Manager
since May 2000 - Present
Experience
no career length stated
Companies before
Coca-Cola Enterprises
Education
Florida International University - College of BusinessBachelors in Accounting Finance & MIS Majors in Accounting Finance & MIS
Other boards
none sourced
Known for
nothing tagged
https://www.linkedin.com/in/pablo-de-almagro-87b2b08

Sources: degree

SOCIALdate not shown in source

Pablo de Almagro

LinkedIn
#### Bachelors in Accounting Finance & MIS Majors in Accounting Finance & MIS
value seen: Bachelors in Accounting Finance & MIS Majors in Accounting Finance & MIS
https://www.linkedin.com/in/pablo-de-almagro-87b2b08

Sources: institution

SOCIALdate not shown in source

Pablo de Almagro

LinkedIn
### Florida International University - College of Business
value seen: Florida International University - College of Business
https://www.linkedin.com/in/pablo-de-almagro-87b2b08

Sources: full name

SOCIALdate not shown in source

Pablo de Almagro

LinkedIn
Chief Financial Officer, Corporate Controller and Cash Manager at the Crescent Heights Group
value seen: Pablo de Almagro
held out of the figures · the quote does not carry this value
https://www.linkedin.com/in/pablo-de-almagro-87b2b08

Sources: previous companies

SOCIALdate not shown in source

Pablo de Almagro

LinkedIn
Accounting manager for over 6 years with this Fortune 50 company.
value seen: Coca-Cola Enterprises
held out of the figures · the quote does not carry this value
https://www.linkedin.com/in/pablo-de-almagro-87b2b08

Sources: role type

SOCIALdate not shown in source

Pablo de Almagro

LinkedIn
Department: Finance & Accounting • Level: C-Level
value seen: CFO
value paraphrased from this source
https://www.linkedin.com/in/pablo-de-almagro-87b2b08

Sources: since

SOCIALdate not shown in source

Pablo de Almagro

LinkedIn
### Corporate Controller and Chief Financial Officer - [Crescent Heights] (Current) May 2000 - Present
value seen: May 2000 - Present
https://www.linkedin.com/in/pablo-de-almagro-87b2b08

Sources: summary

SOCIALdate not shown in source

Pablo de Almagro

LinkedIn
Immediate responsibilities include: Oversight of accurate and timely financial reporting, supervision of a 15 to 20 professionals, development and implementation of new business processes and internal controls, oversight of yearly financial statement audits
value seen: Pablo de Almagro is Crescent Heights’ Corporate Controller and CFO and the only non-owner member of its board, according to his professional profile. He oversees treasury and accounting, financial reporting, controls, audits and tax coordination; previously he managed real-estate project cost information at Coca-Cola Enterprises.
held out of the figures · the quote does not carry this value
https://www.linkedin.com/in/pablo-de-almagro-87b2b08

Sources: title

SOCIALdate not shown in source

Pablo de Almagro

LinkedIn
Chief Financial Officer, Corporate Controller and Cash Manager at the Crescent Heights Group
value seen: Chief Financial Officer, Corporate Controller and Cash Manager
https://www.linkedin.com/in/pablo-de-almagro-87b2b08

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

8 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Panorama BuckheadAtlanta, United States
Buckhead
residential for sale236117———20262026-03-12Sep 2025 – Dec 2025Apr 2026+5.5 mo
(+4.0 to +7.0)
estimatedcompleted
Forma MiamiMiami, United States
Edgewater
residential for rent, retail588139———2020February 2020Jan 2024 – Dec 2024Apr 2025+9.5 mo
(+4.0 to +15.0)
estimatedcompleted
1212 LincolnMiami Beach, United States
South Beach
mixed use, hotel, retail—12———2018September 16, 2018Dec 2019 – Feb 2020Jan 2024 – Dec 2024+53.5 mo
(+47.0 to +60.0)
sourcedcompleted
Canopy ParkMiami Beach, United States
South Beach
other—————2020August 3, 2020Jun 2021 – Aug 2021May 2022+10.0 mo
(+9.0 to +11.0)
sourcedcompleted
NEMA BostonBoston, United States
Seaport
residential for rent, mixed use414121—USD 157m
construction loan
—2017July 2017Nov 2019Oct 2021+23.0 mo
(+23.0 to +23.0)
estimatedcompleted
NEMA ChicagoChicago, United States
South Loop / Near South Side
residential for rent800176—USD 300m
estimated cost
—20162016Jan 2019 – Apr 2019Sep 2020+18.5 mo
(+17.0 to +20.0)
sourcedcompleted
Ten ThousandLos Angeles, United States
Century City / Beverly Hills border
residential for rent283140———20162016-01-29Jun 2016 – Aug 2016Jul 2017+12.0 mo
(+11.0 to +13.0)
sourcedcompleted
Brickell HeightsMiami, United States
Brickell
residential for sale, mixed use690146 and 49—USD 500m
gdv
—2013December 9thJul 2016 – Sep 2016Jun 2017+10.0 mo
(+9.0 to +11.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

5 found
PROJECT AWARD Winner November 3, 2025
Development of the Year, Chicago · 850 Lake Shore Drive
850 Lake Shore Drive, developed by Crescent Heights, was recognized as Chicago’s Development of the Year.
PROJECT AWARD Winner November 4, 2024
Development of the Year, Chicago · 850 Lake Shore Drive
850 Lake Shore Drive, developed by Crescent Heights, was recognized as Chicago’s Development of the Year.
PROJECT AWARD Winner 2022
Innovative Building Design
The developer reports that it received the CAMME Award for Innovative Building Design.
PROJECT AWARD Winner 2021
Best Tall Building – Americas Audience Award · NEMA Chicago
NEMA Chicago, developed by Crescent Heights, received the CTBUH Audience Award in the Best Tall Building – Americas category.
PROJECT AWARD Winner 2021
Best Tall Building 200–299 Meters Award of Excellence · NEMA Chicago
NEMA Chicago, whose owner/developer is identified as Crescent Heights, received the CTBUH Award of Excellence for the Best Tall Building 200–299 meters category.

Risks

Risk flags

6 found
FINANCIAL DISTRESS May 28, 2024 (reported); deed-in-lieu followed the 2023 loan maturity
An affiliate of Crescent Heights surrendered the 1201 South Michigan Avenue development site in Chicago to its lender through a deed-in-lieu of foreclosure after an unsuccessful sale effort; the loan had been extended several times and was due to expire in August 2023.
FINANCIAL DISTRESS August 2023 default transfer; January 2024 foreclosure/receiver action; February–June 2024 modification and resolution
The $384 million loan secured by Crescent Heights’ NEMA San Francisco apartment complex was transferred to special servicing in August 2023 following imminent monetary default, and lenders filed suit seeking receiver control; a February 2024 modification later brought the loan current and allowed Crescent Heights to retain control.
DELIVERY DELAY October 2, 2024 (reported and redesign application filed); project had been frozen since the pandemic
Crescent Heights’ approved 10 South Van Ness housing tower in San Francisco was described as frozen since the pandemic; in October 2024 the developer submitted a redesign adding 10 stories, but had not provided a construction start timeline.
DELIVERY DELAY 2021-10-21 publication; alleged missed deadlines in 2019–2020; sale reported July 2021
NEMA Boston (399 Congress) was reported by developer affiliate 399 Congress LLC as overdue: completion originally targeted for September–November 2019, reset to no later than January 2020, and still unfinished by the revised deadline, causing prospective tenants to cancel leases; the report attributes the allegations to the lawsuit against contractor John Moriarty & Associates, and notes the building was later sold in July 2021.
PROJECT CANCELLED 2019-10-30 publication; entitlement expiration reported 2020-09-02
Crescent Heights’ planned 524 Howard Street Transbay tower in San Francisco was abandoned as a Crescent Heights project after the parcel and entitlements were sold to a group of investors in 2019; the tower had not broken ground, and by September 2020 its entitlements had technically expired.
DELIVERY DELAY 2024-01-10 publication; status researched through 2026-10-14
Crescent Heights’ 10 South Van Ness Avenue tower in San Francisco remained a long-delayed, unbuilt project as of October 14, 2026: the site had not broken ground, while the latest reported commitment was only a possible construction start in 2027, not a completed-delivery date.

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Tracked sinceOctober 10, 2026
Last checkedOctober 14, 2026 this month
Profile last researchedOctober 14, 2026
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