Crescent Seas, a provider of residential luxury living at sea, has added of a second ship to its portfolio.
The Crescent Seas’ second ship, Insignia, will undergo a more than $50 million comprehensive revitalization and will feature 290 residences priced from $650,000 to $10 million. Amenities will include private butler service, refined gourmet dining, bespoke on-deck experiences, Starlink internet connection, and more.
In agreement with the ship’s owners, Oceania Cruises, a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH), the ship will join Crescent Seas at the end of 2027 and depart on its inaugural voyage for New Years of 2027. The Miami-headquartered company added that it will open a residence sales office for Insignia in late summer 2025 at the Gale Miami Hotel & Residences.
Crescent Seas’ first ship, the Navigator, will feature 210 residences ranging from $750,000 to $8 million. The Navigator sets sail in December 2026. Crescent Seas also plans to announce three more luxury residence ships over the next five years.
“As a developer, I know real estate has always been defined by location, location, location, as we say,” said Russell W. Galbut, co-founder and managing principal of Crescent Heights and founder and chairman of Crescent Seas. “With Crescent Seas, we’ve eliminated that limitation. Residents will have a view corridor like never before. Now, your home isn’t bound to a single address – it moves with you, taking you to the world’s most breathtaking destinations.”
Crescent Seas is a part of GFO Investments, Galbut’s global family office and an urban project developer.
