CodeReady Workspaces 2.x installation fails with "Error: [object Object] at KubeHelper.wrapK8sClientError"

Issue

CodeReady Workspaces installation via crwctl fails. The error reads:

    ✔ Create deployment codeready-operator in namespace workspaces...done.
    ✖ Create CodeReady Workspaces Cluster codeready-workspaces in namespace workspaces
      → [object Object]
Error: [object Object]
    at KubeHelper.wrapK8sClientError (~/Tools/A/CodeReady/2.0/codeready-workspaces-2.0.0-crwctl-linux-x64/crwctl/lib/api/kube.js:1354:20)
    at KubeHelper.<anonymous> (~/Tools/A/CodeReady/2.0/codeready-workspaces-2.0.0-crwctl-linux-x64/crwctl/lib/api/kube.js:1082:28)
    at Generator.throw (<anonymous>)
    at rejected (~/Tools/A/CodeReady/2.0/codeready-workspaces-2.0.0-crwctl-linux-x64/crwctl/node_modules/tslib/tslib.js:108:69)