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Real Estate - JUNE 16, 2023

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42 Pine tops off luxury residences in Miami Beach

by Denise Moose

42 Pine, the boutique residential building at the nexus of Pine Tree Drive and 42nd Street, has topped off, marking a milestone along its timeline for completion, which is estimated for Q1/2024. The project secured $35.5 million in financing from BridgeCity Capital to begin building last year.

“The pace of construction is impressive, and we are proud to be involved in a project that brings a new level of luxury to the area,” said Allan Lebovits, CEO at BridgeCity Capital. “This is a unique opportunity in a highly coveted pocket of Miami Beach, and the sales velocity to date is a testament to the strong demand for new luxury residences.”

The eight-story full-service boutique condominium offers 50 turnkey residences ranging from one to four bedrooms, including eight penthouses. Spanning 700 to 2,700 square feet,  each appointed residence is delivered ready to be occupied, with Arquitectonica-designed interiors intended to maximize space and build a connection to

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