The real estate imprint of Crescent Heights is in place the American landscape, from downtown New York to the district of Marina de San Diego.
Thirty-nine years after its foundation, the developer is ready to explore an unconventional residential border: the seven seas.
The new Crescent Seas range of the company is sailing in the fashionable residential cruises, starting with a 210 Cabriol: Navigator ship. The floating condo should make its debut in 2026, launching a five-year launch plan and five-Vaissel.
His name comes back to his future life as a Seven Seven Seven Seven Seas Seas Seas Seas.
Navigator is expected to obtain a makeover of $ 70 million.
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Russell Galbut, the founder and president of Crescent Seas (and the co -founder of Crescent Heights), told Business Insider that his company had paid a deposit to charter the Norwegian ship of Cruise Line Holdings.
Still as a Regent Seven Seven ship, Navigator should undergo a renovation of $ 70 million in the fall of 2026 to become long term.
The ship’s cabins currently cost residents between $ 750,000 and $ 8 million.
Tailor -made luxury marketing, Crescent Seas
When the ship embarks on its new life, its residents too.
After its revival, Navigator and its cabin owners can expect to sail in the world, spending several days to destinations like the North Pole, the Galapagos Islands and the French Polynesian Islands.
Throughout this indefinite trip, the 420 residents can expect equipment on board such as Butlers, Starlink Wifi and a pickleball field – all for $ 750,000 to $ 8 million per cabin, not to mention annual maintenance costs of $ 220,000.
Navigator joins a long range of concepts of residential cruise ships.
Angela and Stephen Theriac
The industry experienced an influx of residential cruise startups – many of which have flowed as quickly as they appeared.
Cruises’ life at sea has faced a backlash after announcing its endlessly two weeks before its debut in 2023. Likewise, concepts such as scenarios and Victoria Cruises line have repeatedly delayed their launches, faced with the skepticism they will have ever put in sail.
From now on, the 23 year old world and The seven -month -old villa Odyssey is the only residential ships in operation, but not without previous hiccups.
Crescent Seas claims that his partnership with Norwegian will help him stand out.
Tailor -made luxury marketing, Crescent Seas
Galbut said Norwegian should continue to supervise floating condominium operations. The ship will also retain its original crew and its hotel supplier, Apollo Group.
“What differentiates us is that we have a product that we have now that has been working at the highest level of luxury in 20 years,” Galbut à Bi told. “When we buy fuel, unlike these punctual ships, we will buy fuel as if we are part of the Norwegian brand.”
Galbut was president of Norwegian Cruise Line Holdings from 2018 to 2024. (He told Bi that his old position had not led to preferential treatment during negotiations for Navigator.)
Navigator is expected to obtain a new pool terrace, a spa and pickleball lands.
Tailor -made luxury marketing, Crescent Seas
During its 54 -day dry quay, its bathrooms, the pool terrace, the spa and the navigator restaurants will be redone, and its furniture and decor will be replaced, according to Galbut. The addition of a new pickleball field, a sports simulator and an interior water spice garden is also in the plans – just like the jointly of several cabins to create more suites, dropping the accommodation of the ship from 248 units to 210.
Do you take advantage of wine collection in different countries? Galbut said there will be a storage installation designated for them.
Do you want to bring your electric bike or your diving equipment on board? Also expect specialized storage for them. (You don’t have to bring yours – Customers can expect you on diving equipment, zodiacs and sea doos.)
Crescent Seas indicates that he will launch another residential cruise with cabins at a price between $ 650,000 and $ 10 million in 2027.
Tailor -made luxury marketing, Crescent Seas
To stay on the right track with his ambitious five -year plan and ship, Crescent Seas says he will have his debut on a second residential ship, Insignia, a year after the launch of Navigator. The cabins are currently at a price between $ 650,000 and $ 10 million each.
Like its predecessor, Insignia will be another Norwegian ship of Cruise Line Holdings, this time Oceania. During its transfer to Crescent Seas, the ship would suffer in the same way a refreshment of more than $ 50 million.
Galbut said Crescent and his partners planned to acquire 2 additional ships and build a new ship to make their debut from 2031.
Tailor -made luxury marketing, Crescent Seas
In the future, the company plans to offer an “exchange program” which would allow residents of different ships from Crescent Seas to exchange cabins.
“71% of the earth is covered with water, so it is natural that residents are starting to exist at sea,” said galbut. “It seems to me that the world is becoming a smaller place, and we have to build these communities at sea because it gives people the opportunity to be in every gateway city in the world.”