Miami-based real estate development firm 13th Floor started construction on the 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. A Berkadia 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.
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. Amenities include a clubhouse, fitness center, pool and deck, an outdoor pavilion and seating areas with barbecue grills, tennis and pickleball courts, a dog park, and a children’s playground.
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