Lefferts Delivers Miami Beach Condo Tower
The development is the company’s first of four projects in the market.
Lefferts has completed 72 Park, its 206-unit luxury condominium tower totaling 501,788 square feet in Miami Beach, Fla. The 22-story is now 90 percent sold, with Cervera Real Estate in charge of sales and marketing.
The property is Lefferts’ first new luxury development that allows short-term rentals opportunities, as well as the company’s first of four developments to reach completion in the North Miami Beach area.
The remaining units available for sale at 72 Park range from 470 square feet to 1,177 square feet, with prices starting in the $800,000s. Lefferts topped out the property in September 2023. Ocean Bank provided $97.5 million in construction financing and $6.9 million in additional funds, according to Miami-Dade County public records.
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Located at 580 72nd St., the tower was designed by architecture firm Built Form, while Urban Robots Associates oversaw interiors designs. Downtown Miami is 11 miles from the property. Nearby, there is the upcoming 72nd Street Community Complex that will include a library, an aquatic center, an innovation hub and multiple green spaces, as well as Byron Carlyle Theater, a historic theater undergoing a redevelopment plan that will transform the property into a multi-institutional artistic and cultural center.
Residences range from studio to three-bedroom units with floor-to-ceiling windows and fully furnished options. The amenity package includes a 64,000-square-foot luxury public space, a 35,000-square-foot amenity deck, a coworking lounge, a fitness center, a 150-foot-long swimming pool, 10,000 square feet of ground-floor retail space and an acre of green spaces.
Dining options at 72 Park include a Mediterranean restaurant, a coffee shop and an upcoming Roberta’s, the first Florida location of the New York-based Michelin Bib Gourman pizzeria. Additionally, 72 Park is the only condominium building in Miami Beach that includes a 360-degree rooftop, with such features as a sundeck and dining spaces with private seating.
High demand for luxury condos
According to Multi-Housing News‘ 2025 outlook, demand for luxury condominiums and high-end amenities is projected to remain strong, despite economic headwinds. The Southeast area in general, and Florida in particular, has become a preferred destination for residents seeking a higher quality of life. The ultra-luxury segment will most likely stay resilient in regions like South Florida, where demand for such products is high.
In Miami for instance, DAMAC International recently broke ground on The Delmore, an ultra-luxury development in the Billionaire’s Triangle. The Dubai-based developer’s upcoming project will rise 12 stories in Surfside, Fla., and will include 37 units.
