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42 Pine in Miami Beach Secures Financing to Begin Construction

| SFBW Staff

42 Pine, a boutique residential building at Pine Tree Drive and 42nd Street in Miami Beach, recently secured $35.5 million in financing from BridgeCity Capital to begin construction on the project, which has sold 50% of its residences sold since sales launched.

“This construction loan posed a unique opportunity for BridgeCity Capital to finance a ground-up, luxury condominium building in the heart of Miami Beach,” Allan Lebovits says, CEO of BridgeCity Capital. “The pace of sales at this building insofar is reflective of the ultra-strong demand for luxury, new construction residences in Miami Beach.”

The full-service boutique condominium will provide one to three bedrooms, including eight penthouses. Each residence in the eight-story building is crafted to deliver a bespoke lifestyle rooted in community and convenience. The architecture and interiors were designed by the renowned firm Arquitectonica. Each unit spans 700 square feet to 2,700 square feet for combined units to maximize space and build a connection to the outdoors. They also feature sweeping floor-to-ceiling windows and doors, allowing abundant natural light. Private terraces with glass railings provide a seamless indoor/outdoor living experience. 

Residents will also enjoy various resort-style amenities and services for every age. The curated indoor and outdoor spaces include an amenity deck with a 52’ pool, relaxation spa, cabanas and poolside service, and a yoga and meditation lawn surrounded by lush tropical landscaping. The property’s state-of-the-art fitness center offers advanced cardio and weight-strengthening equipment complemented by an outdoor deck. Community-minded social spaces include a club and game room, large outdoor terrace, media lounge and children’s playroom. A dedicated team, including a concierge, doorman, valet and porter service, is available for residents.

Located in one of the most sought-after residential neighborhoods in Miami Beach, 42 Pine residents can enjoy access to the beach, top-rated schools, fine dining and boutique shopping, all within walking distance.  

Completion of the project is expected by Q4 2023. Residence pricing ranges from $700,000 to $4 million. Located at 340 W 42nd Street, 42 Pine sales and marketing is managed exclusively by Mushka Jacobson with Douglas Elliman. For additional information or to schedule a tour of the sales gallery, please visit 42pine.com or call 786-761-1149.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.