Lefferts has officially broken ground on PALMA Miami Beach Residences, marking a significant step forward in the developer’s ambitious three-project investment in Miami Beach’s North Beach (NoBe) district. This new development joins the recently completed 72 Park condominium tower and the upcoming 72 Carlyle, further shaping the evolving landscape of this vibrant neighborhood.
Key Takeaways
- PALMA Miami Beach Residences is the second phase of Lefferts’ three-project development in North Beach.
- The project features 126 residential units, ground-floor retail space, and extensive amenities.
- Over half of the residences at PALMA have already been sold, indicating strong market demand.
PALMA Miami Beach Residences Details
PALMA Miami Beach Residences will comprise 126 units spread across 14 stories. The development will also include 8,500 square feet of retail space on the ground floor, enhancing the local commercial offerings. Residents will benefit from 10,000 square feet of amenities, including a pool deck and an outdoor kitchen area, designed to foster a lifestyle-driven living experience.
Vision for North Beach Development
Mendy Chudaitov, founder of Lefferts, expressed pride in contributing to North Beach’s growth. "Years ago, we recognized this potential and worked closely with the City of Miami Beach to establish a framework for thoughtful, future-focused development," Chudaitov stated. "PALMA continues that vision, delivering lifestyle-driven homes that honor the character of this vibrant neighborhood while supporting its ongoing transformation."
Project Context and Market Reception
PALMA is the second component of Lefferts’ strategic development plan for the NoBe area. The first phase, 72 Park, is a 22-story, 206-unit condominium tower. The third project, 72 Carlyle, will add another 134 units across 19 stories. The strong pre-sale interest in PALMA, with over 50% of residences already sold, underscores the market’s positive reception to Lefferts’ vision for modern, community-focused living in Miami Beach.