Lefferts has officially completed and delivered 72 Park, a new 22-story luxury condominium tower in Miami Beach, Florida. The development, featuring 206 units and spanning 501,788 square feet, is already 90 percent sold. This marks Lefferts’ first new luxury development offering short-term rental opportunities and their initial project completion in the North Miami Beach area.
Key Takeaways
- 72 Park is a 22-story, 206-unit luxury condominium tower in Miami Beach.
- The development is 90 percent sold, with units ranging from studios to three bedrooms.
- It offers unique amenities, including a 360-degree rooftop and ground-floor retail space.
- The project is Lefferts’ first luxury development allowing short-term rentals.
A New Icon In Miami Beach
Located at 580 72nd St., 72 Park boasts a design by architecture firm Built Form, with interiors curated by Urban Robots Associates. The tower offers residences from studio to three-bedroom configurations, featuring floor-to-ceiling windows and fully furnished options. The building is now available for purchase, with remaining units priced from the $800,000s and ranging from 470 to 1,177 square feet.
Unparalleled Amenities
The amenity package at 72 Park is extensive, encompassing a 64,000-square-foot public space and a 35,000-square-foot amenity deck. Residents can enjoy a coworking lounge, a state-of-the-art fitness center, and a 150-foot-long swimming pool. The development also includes 10,000 square feet of ground-floor retail space and an acre of green spaces. Dining options are set to include a Mediterranean restaurant, a coffee shop, and the first Florida location of the New York-based Michelin Bib Gourmand pizzeria, Roberta’s. Notably, 72 Park is the sole condominium building in Miami Beach to feature a 360-degree rooftop, complete with a sundeck and private dining areas.
Market Outlook
The completion of 72 Park aligns with a strong demand for luxury condominiums in the Southeast, particularly in Florida, which is experiencing a surge in residents seeking a higher quality of life. Despite economic uncertainties, the ultra-luxury segment in South Florida is expected to remain resilient due to high demand for such properties. This trend is exemplified by other high-end developments, such as DAMAC International’s upcoming ultra-luxury project in Surfside.