Baron Property Group has secured $206 million in construction financing for Metro Parc North, a new residential development in Hialeah, FL. The loan was provided by private investment firm Post Road Group, with Ayush Kapahi facilitating the deal. Following the groundbreaking last month, construction is progressing and is expected to be completed by late 2027.
Metro Parc North marks Baron Property Group’s second transit-oriented development in Hialeah. In September 2022, the firm closed on a $148 million construction loan with Post Road Group and HKS for Metro Parc, a Class-A mixed-use development offering retail space and 559 rental homes, located adjacent to the Metro Parc North site.
Designed by Modis Architects, Metro Parc North will feature 661 rental residences, ranging from studios to three-bedroom homes. The development will include amenities such as large private balconies, a pool, outdoor kitchens, coworking spaces, and a multi-purpose clubroom.
