Kadima Developers has secured a $32.5 million construction loan from S3 Capital Partners for Seven Park, an 8-story mixed-use residential development at 218-220 SE Seventh Street in Hallandale Beach, Florida. Designed by SKLARchitecture, the 200,000-square-foot project will contain 121 condominium residences and 4,500 square feet of ground-floor retail space. Construction is progressing toward the vertical phase, with deep foundation operations more than 65 percent complete.
The financing was arranged by Carlos Vazquez of Nexos Invest and will support the continuation of construction as the development advances through its foundation phase. Site mobilization has been completed, major underground utility installations are progressing, and crews are preparing to begin structural foundation concrete operations, including work on the tower crane and elevator foundations.
“We are excited to have obtained our construction financing as our onsite operations move forward at full speed,” said Alejandro Chaberman, CEO & Founder of Kadima Developers. “This allows us to seamlessly maintain our momentum as we prepare to begin structural foundation concrete operations, including the tower crane and elevator foundations over the next two weeks.”
Seven Park will rise directly across from the 16-acre Peter Bluesten Park, near Aventura. The residential component will comprise studios through three-bedroom units, with interiors by Interiors by Steven G. Residences will feature floor-to-ceiling windows overlooking the surrounding park and cityscape, Italian kitchens, and optional furnishing packages…