Miami-based real estate development firm 13th Floor started construction of its newest South Florida project: Parks at Hallandale, a multifamily development located on the southeast corner of Pembroke Road and North Federal Highway in Broward County’s City of Hallandale Beach.
The 15.5-acre development encompasses 398 market-rate and workforce apartments across a series of five-story buildings and includes approximately 6,500 square feet of ground floor retail. CIBC Bank USA provided an $83 million loan for the construction of the project. Berkadia’s Florida team, led by Scott Wadler and Alec Fox, sourced preferred equity for the project, which was provided by Houston-based Marble Capital. Delivery of Parks at Hallandale is estimated for 2026.
“We are excited to begin construction at Parks at Hallandale. Located at the confluence of Miami-Dade and Broward Counties, the City of Hallandale Beach has emerged as a hub of dynamic growth in recent years, and this development underscores our commitment to meeting the escalating demand for quality housing in one of the region’s most coveted submarkets,” said Arnaud Karsenti, Managing Partner of 13th Floor Investments.
Designed by MSA Architects, apartments at Parks at Hallandale will include studios, one-, two- and three-bedroom units ranging from about 600 to 1,400 square feet in size. Residence features include granite and porcelain countertops, stainless-steel appliances, spacious kitchen islands, luxury vinyl flooring, 9’ ceilings heights, and in-unit washers and dryers. The community will include a variety of amenities including a clubhouse, fitness center, resort-style pool and deck, an outdoor pavilion and seating areas with barbecue grills, tennis and pickleball courts, a dog park, and a children’s playground.
