Russell Galbut and his wife Ronalee have launched Crescent Seas, a luxury condo cruise line, set to debut in late 2026. After 47 years of cruising, they aim to blend Galbut's extensive experience in real estate development with their passion for the sea. Despite previous failures in this niche market, Galbut believes his industry expertise, established relationships, and the current market conditions position them for success. His daughter Marisa plays a pivotal role in the new venture that promises to create unique high-seas communities.
This could not have happened years ago,' Galbut said in an interview with the Miami Herald at Medium Cool, the intimate speakeasy in the basement of the Gale South Beach Hotel, one of the developer's hotels.
Galbut, who has served on the board of directors for cruise line companies for over 25 years including NCL Holdings until last year, thinks luxury private residences on sea are the next big thing in the cruise industry.
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