Lefferts advanced progress on a three-project investment in NoBe, breaking ground on PALMA Miami Beach Residences.
PALMA is part two of a three-development project from Lefferts that already includes 72 Park, a 22-story, 206-unit condominium tower in the NoBe district, as well as the upcoming 72 Carlyle, which will include 134 units across 19 stories.
Featuring 126 units across 14 stories, PALMA also contains 8,500 square feet of ground-floor retail and 10,000 square feet of amenities like a pool deck and outdoor kitchen area.
“We’re proud to help shape North Beach’s next chapter of growth,” said Mendy Chudaitov, founder of Lefferts. “Years ago, we recognized this potential and worked closely with the City of Miami Beach to establish a framework for thoughtful, future-focused development. PALMA continues that vision, delivering lifestyle-driven homes that honor the character of this vibrant neighborhood while supporting its ongoing transformation.”
Over 50% of the residences at PALMA have already sold, according to a press release.