More than two-thirds of the Earth is covered by water, so why limit our homes to land? Crescent Seas is reimagining what it means to live luxuriously, turning the open ocean into the next frontier of modern living,” said Nili Galbut, Luxury Sales Specialist, Crescent Seas.
At the helm of this project is Russell Galbut, one of the founding partners of the renown real estate development firm Crescent Heights. With a legacy spanning 50 years in real estate development and over two decades in the cruise industry, including six and a half years on the board of Norwegian Cruise Line, Russell Galbut is uniquely positioned to bring this dream of high seas living to life. As the founder of Crescent Seas, he’s revolutionizing modern living once again, this time, at sea.
“My grandfather, Captain Hyman P. Galbut was in the U.S. Navy, and his love for the sea passed down to my uncle, Russell. Building a home on the water isn’t just another project for him, it’s carrying on a family legacy,” said Nili.
Russell Galbut’s proven track record includes the transformation of the 100-year-old 25 Broad Street on Wall Street into one of New York’s most sought-after residences. Now, he brings his expertise to the Regent Seven Seas Navigator, known for its luxury and elegance. The ship will be renamed The Navigator Residence at Sea, serving as the inaugural vessel for Crescent Seas.
With a $70 million overhaul launching in December 2025, The Navigator Residence at Sea will offer the most reliable internet connectivity on the high seas thanks to its integration with Starlink and will blend cutting-edge infrastructure with timeless design.
The transformation will reduce the ship’s original 255 cabins to 210 private residences, ranging from $750,000 to $8 million. From spacious one-bedroom layouts to expansive multi-bedroom residences, every Suite offers a refined blend of luxury, comfort, and elevated living at sea.
Apollo Group will oversee shipboard hospitality and guest services, delivering a 5-star concierge experience rooted in over 50 years of cruise industry excellence. What truly sets Crescent Seas apart is the sense of community it fosters. This is not a traditional cruise, it’s a floating neighborhood of global citizens. Through curated enrichment programs and community-building experiences, residents will form lasting connections while engaging with the world.
The Navigator Residence at Sea will dock in 140 cities across six continents within its first 14 months, with residents having influence over future itineraries for a bespoke lifestyle on the move. Its shallow draft allows access to exclusive ports that larger ships can’t reach, including St. Barts, Capri, Portofino, and hidden South Pacific gems.
The interiors of The Navigator Residence at Sea will undergo a complete reimagining by three world-renowned design firms, MAWD (March & White Design), Lissoni & Partners, and Journey. MAWD will curate intimate spaces like the piano bar and private dining areas with sophisticated touches such as backlit ceilings and bronze finishes. Lissoni & Partners will focus on the onboard wellness and lifestyle amenities including a world-class spa. The ship will also offer a pool bar, multimedia room, golf simulator, cigar lounge, and the Compass Rose restaurant, the largest restaurant at sea.
The Navigator Residence at Sea will provide professional medical care with licensed doctors and nurses abroad to provide care and emergency services as needed.
Looking ahead, Crescent Seas is far from finished. Its second ship, Insignia, is slated to launch in 2027, followed by a newly built vessel called The Ocean, scheduled for 2032.
Russel Galbut’s decades of work in real estate and cruising have led to this vision, made even more meaningful by the fact that it’s a true family affair.
“Why buy a home in one key city when you can have a home in every key city of the world? The future is limitless living without compromise,” said Nili Galbut.
