Construction has begun on the Parks at Hallandale, a new multifamily development in Broward County’s City of Hallandale Beach. The project is being developed by 13th Floor, a real estate firm based in Miami. It will cover 15.5 acres and feature five-story buildings with a total of 398 apartments, including both market-rate and workforce units. Additionally, there will be approximately 6,500 square feet of retail space on the ground floor.
To finance this project, CIBC Bank USA has provided an $83 million loan while preferred equity was sourced by Berkadia through their team led by Scott Wadler and Alec Fox from Houston-based Marble Capital. The estimated completion date for Parks at Hallandale is set for 2026.
The design for this development was created by MSA Architects and will offer studios as well as one-, two-, and three-bedroom apartments ranging from about 600 to1 ,400 square feet in size . Residents can enjoy various amenities such as a clubhouse , fitness center , pool with deck area , outdoor pavilion with barbecue grills , tennis courts,pickleball courts,dog park,and children’s playground . This exciting new project was recently featured on Connect CRE.
