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Florida & Gulf Coast  + South Florida  + Apartments  |  September 29, 2022
MG Developer, Baron Property Group and Township Capital have secured a $148-million construction loan for the Metro Parc residential development in Hialeah, FL.
Lisa McDuffie
By: Lisa McDuffie

Partners Secure $148M Build Loan for Two-Tower, 559-Unit Residence in Hialeah

MG Developer and Baron Property Group, in partnership with Township Capital, have secured a $148-million construction loan from Post Road Group for Metro Parc, a 10-story, two-tower residential development to be located in Hialeah, FL.

Ayush Kapahi of HKS Real Estate Advisors procured the 30-month loan while Dmitry Levkov and Jeffrey Donelly of Colliers arranged the financing.

Metro Park will be a 2.5-acre mixed-use development that will deliver 559 rental apartments ranging from 500 to 800 square feet. The property’s amenities will include co-working spaces, outdoor kitchen, pool and gym, retail spaces and a Latin-inspired food marketplace.

The property will sit at 955 East 25th Street and 980 East 26th Street just blocks from the Metrorail and Tri-Rail Transfer Station and a mile from Hialeah’s Arts District.

Other MG Developer acquisitions and development projects in South FL include Gables Village, Althea Row, Biltmore Square, Merrick Parc and Alhambra Parc.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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