About Centro
Developed by Newgard Development Group · Designed by Sieger Suarez Architectural Partnership, interiors by Yves Behar/FuseProject
Centro is a 37-story loft condominium at 151 SE 1st Street, developed by Newgard Development Group and designed by Sieger Suarez Architectural Partnership. Completed in 2016 with 352 residences, it was one of the first all-loft-concept buildings to come to Downtown Miami, with interiors designed by award-winning designer Yves Behar and his firm FuseProject.
Building Fees & Assessments
MLS listings for Centro have shown a median association fee around $1.21/sqft/month -- shown per square foot, not as a flat dollar figure, since that's comparable across unit sizes rather than skewed by whichever units happen to be listed right now. This is a point-in-time reference, not a live figure, and can change over time. Confirm the current fee for a specific unit before making an offer.
Specific reserve fund balances, pending special assessments, and financial statements aren't public MLS data -- request them directly from the condo association or your agent before making an offer.
Rental Potential
See the live "Monthly rental from" figure above for Centro's current lowest asking rent, and the market snapshot's closed-lease count and median rent for actual rental demand over the trailing 12 months -- both update automatically, unlike a number written here. Specific rental rules -- minimum lease term, rentals allowed per year, and whether short-term/Airbnb-style rentals are permitted -- are set by the condo association and vary by building. Verify current rental restrictions directly with the association before buying as an investment.
Frequently Asked Questions
Is Centro pet-friendly?
Yes, Centro is generally pet-friendly. Verify current pet rules and any breed or weight restrictions directly with the building association before purchasing.
Can I rent out my unit at Centro?
Long-term rentals are generally permitted at Centro, though minimum lease terms and any short-term rental restrictions vary by building. Verify the current rental policy directly with the association before purchasing as an investment.
What makes Centro different from other Downtown Miami condos?
It was one of the first all-loft-concept buildings in Downtown Miami, with interiors designed by award-winning designer Yves Behar (FuseProject) -- a design-forward positioning distinct from the more conventional condo layouts common elsewhere in the neighborhood.
Reviewed by Carlos Olivares, FL License #3051724. Last updated September 2026.
