Miami Beach

Construction Tops Off On The 22-Story 72 Park Condominium Tower In Miami Beach

Construction has topped off on Lefferts’ 22-story luxury condominium tower 72 Park. The developer celebrated the topping off of the 220-foot-tall structure on Wednesday, September 13, which stands prominently at 580 72nd Street in Miami Beach. Designed by the renowned national architecture firm Built Form with interiors and landscapes by Urban Robots Associates, 72 Park will be the first new luxury tower on Miami Beach to permit short-term rentals, encompassing 206 units ranging from 470 to 1,177 square feet, as well as 10,000 square feet of prime, ground-floor retail space. Stiles Construction is the general contractor, and G&E Florida Contractors is the shell contractor, with completion slated for the Summer of 2024.

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Iconic New York Pizzeria Roberta’s Set To Elevate Miami Beach Dining Experience At 72 Park

Lefferts, a distinguished real estate development firm renowned for its exceptional residential and commercial properties in Miami and New York City, is excited to unveil a remarkable addition to the vibrant Miami Beach dining scene. Roberta’s, the acclaimed Michelin Bib Gourmand restaurant co-founded by Brandon Hoy and two Michelin-starred chef Carlo Mirarchi, is making its debut in Florida at Lefferts’ luxury Miami Beach condominium, 72 Park. This marks Roberta’s first establishment in the Sunshine State.

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Shvo Obtains $190M Financing For The Raleigh, A Rosewood Hotel and Residences In Miami Beach

New York-based Shvo and its partners have secured a $190 million construction loan for the renovation and condominium addition at The Raleigh hotel at 1775 Collins Avenue in Miami Beach. The loan, provided by Fort Lauderdale’s BH3 Management through its BH3 Debt Opportunity Fund II, supports the partnership between Shvo, led by Michael Shvo, and the German firm Deutsche Finance. The loan encompasses The Raleigh, the Richmond Hotel at 1757 Collins Avenue, and the South Seas Hotel at 1751 Collins Avenue. The transaction was brokered by Walker & Dunlop.

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Construction Tops Off On 42 Pine At 340 West 42nd Street In Miami Beach

42 Pine, the highly anticipated boutique residential building at the prime intersection of Pine Tree Drive and 42nd Street, has reached its topping-off milestone, signaling significant progress towards its projected completion in Q1 2024. Designed by the esteemed architectural firm Arquitectonica, this eight-story structure embodies timeless sophistication, poised to become a neighborhood icon. Last year, the project secured $35.5 million in financing from BridgeCity Capital to initiate construction, demonstrating strong investor confidence in the development’s success. Jacob Companies is the general contractor.

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Argentina-Based Developers Plan Multifamily Project in Miami Beach, Replacing Single Family Home

The owners of a 5,650-square-foot property located at 7921 Carlyle Avenue in Miami Beach’s North Beach neighborhood have proposed demolishing a 1940s single-family home to make way for a three-story multifamily development. Denbora Bay, LLC, a Lake Worth, Florida-based company led by a group of individuals from Buenos Aires, Argentina, is identified as the applicant in a recent project filing submitted to Miami Beach’s Design Review Board. Known as the Denbora Bay project, the development encompasses 6,996 square feet of space, featuring seven residential units and four parking spaces. Red Octopus LLC, an architecture and planning firm based in Weston, FL, led by Argentine architects Yanina Mauro and Walter Rua, represents the developers in the filing, with MUVE Architecture listed as the architect.

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