New Residential Project Approved in Miami Beach- 72 Park

72 Park, a condominium tower approved for short-term rentals that will be built in Miami Beach, has been announced by the NYC and Miami-based development company Lefferts. This will be the first new luxury tower on Miami Beach to allow vacation or short-term rentals when it is finished in early 2024.

The project will include 206 units with sizes ranging from 470 to 1,177 square feet and prices beginning in the $700,000s. In late July, 72 Park's topping-off ceremony is anticipated to take place.

The stunning 22-story project by national architecture firm Built Form is situated at 580 72nd Street in Miami Beach. When finished, the opulent tower will provide residents with breathtaking 360-degree views of everything from Downtown Miami to the Intracoastal Waterway.

The LEED Gold-certified condominium tower features Jr., one-, two-, and three-bedroom units with spacious floor plans, high ceilings, deep balconies, Italian cabinetry, imported stone, and energy-efficient appliances. Urban Robots Associates designed the interiors and landscapes. Floor to ceiling, impact-resistant glass, keyless entry with SALTO and smart access controls, individually controlled central AC and heating systems, and high-end bathroom fixtures, hardware, and accessories will all be included in the fully furnished offerings for each unit. Five high-speed passenger elevators with access control and high-speed, fiber-optic Wi-Fi are examples of advanced smart building features.

Additionally, the building offers 64,000 square feet of amenities to its residents, including a large 35,000-square-foot amenity deck with nearly an acre of lush, tropical landscaping, a 150-foot-long resort-style pool with cabanas, a bar and lounge with indoor and outdoor seating, a state-of-the-art fitness center with yoga lounge, a 24/7 coworking lounge with private "pods," a kids playroom, and a private outdoor barbecue area.

A double-height lobby with wraparound floor to ceiling windows displays 8,500 square feet of excellent ground-level retail space, including the upcoming Roberta's restaurant and pizzeria by two-Michelin-starred chef Carlo Mirarchi.

72 Park is situated in a park, close to the Miami Beach Tennis Academy, North Shore Park, a vast indoor and outdoor sports and recreation complex with 12 tennis courts, pickleball courts, and two baseball diamonds, the Miami Beach Bandshell outdoor amphitheater, a historic cultural center, Normandy Shores Golf Club, and the new Miami Beach Aquatic Center and Park, which will house an Olympic-size pool, a community library, and a community center. Residents are offered beach service, which includes transportation and free use of recreational tools including Boogie Boards, paddleboards, bikes, and more.

Lefferts' long-term commitment to reviving this Miami Beach neighborhood and ushering in a new age of investment and growth for one of the most sought-after coastal communities includes four residential complexes, including the project at 72 Park.