Lefferts Begins Closings for First North Seashore Apartment Undertaking

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Lefferts Begins Closings for First North Seashore Apartment Undertaking

Florida
Chris
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March 10, 2025

Lefferts has begun closings for its first of 4 rental initiatives deliberate in Miami Seashore’s North Seashore neighborhood.

72 Park, a 22-story, 206-unit short-term rental-friendly constructing at 580 72nd Avenue is 90 % bought, in line with Miami Seashore-based Lefferts founder Mendy Chudaitov. Thus far, deeds for 40 models have been recorded by Miami-Dade County. Condos vary from studios to three-bedroom models, spanning 466 sq. toes to 1,200 sq. toes, in line with a press launch.

Facilities within the constructing embody a pool deck, health middle, pet spa, co-working lounge and a children’ playroom, the web site exhibits. Michelin-starred chef Carlo Mirarchi can also be opening a seventh location of Roberta’s, his award-winning Brooklyn pizza restaurant, on the bottom ground.

Apartment gross sales launched in 2023 with costs starting from $700,000 to $2.4 million, with Cervera Actual Property main gross sales and advertising and marketing. For remaining models, costs begin at $800,000, the discharge exhibits.

Chudaitov mentioned consumers for 72 Park have come “from all walks of life,” and included locals, in addition to Californians, New Yorkers and Chicagoans. 72 Park marks the primary rental accomplished in North Seashore in 5 years. In 2017, Miami Seashore residents voted to extend density for North Seashore initiatives, setting the stage for a brand new wave of growth within the neighborhood.

“I simply see a extremely unbelievable neighborhood coming to life over there,” Chudaitov mentioned.

Lefferts partnered with Russell Galbut to purchase the 72 Park web site for $17 million in 2015 and 2019, information present. Galbut is an investor in Lefferts’ North Seashore initiatives, and helped safe a $97.5 million building mortgage for 72 Park in 2022.

Lefferts’ different rental initiatives within the space embody Palma Miami Seashore Residences at 600 71st Avenue, a 14-story, 126-unit deliberate rental constructing that’s 30 % presold, the discharge exhibits. Additionally within the works is 72 Carlyle, a 19-story, 134-unit luxurious rental deliberate for 600 72nd Avenue, in line with the discharge. Costs begin at $1.8 million, and Douglas Elliman’s Eklund | Gomes Staff is main gross sales. Lefferts can also be planning a four-story, 36-unit rental for 880 71st Avenue, the discharge exhibits.