By james art 
Miami -based real estate developer Baron Property Group (“BPG”) has announced $ 206 million for construction for funding for Metro Parc North, a newly grounded housing development in Hyalea, Florida.
Post Road Group, a private investment company, also provided the loan Ayush Kapahi, the main and founder of the Commercial Real Estate Condentory HKS Advisors Advisors (“HKS”), facilitated the deal.
Metro Parc North is the second transit development of Baron Property Group in hyalia. BPG closed for a $ 148 million loan with Post Road Group and HKS in September 2022 to take advantage of Metro Parc, Class A Mixed Use Development, offering retail and 559 housing, adjacent to Metro Parc North.
“Providing this financing of construction by Post Road Group continues to strengthen our vision of the Hialeah transformation and is an important point for this development group as well as for the Baron Property Group,” said Matthew Baron, founder and president of Baron Property Group. “This funding is a testament to our ability to provide a high quality residential community that contributes to the growth of the city. With its modern design, luxury amenities and trouble -free public transportation, Metro Parc North will set a new standard of living in the area.”
“We are glad to provide funding again in support of the development of Metro Parc North, a high quality, transformative housing community,” says Jason Carney, partner and leader of real estate loan at Post Road Group. “The experience and expertise of the Baron Property Group, combined with their vision for the continuous growth of Hialeah, make this an exciting opportunity. We look forward to partnering with Mat and his team while working to complete the project.”
“Ensuring financing for Metro Parc North with the Baron Property Group is strengthening our shared commitment to forming the future of Hyalea,” says Ayush Kapahi, director and founder of HKS. “This project is more than a simple housing development-this is a major step in creating a vital transit community. In HKS, we remain focused on providing strategic solutions that stimulate urban growth and create long-term value for the developers and neighborhoods they serve.”
Designed by Modis Architects, Metro Parc North will offer 661 residences for rent ranging from studios to three -bedroom homes. The residences will have floor plans with open concept, luxury flooring, designer kitchens with stainless steel appliances, washers and dryers, spacious closets and large private balconies. Residents will enjoy a full set, a highly amenitated lifestyle, including a 24-hour porter, a resort-style swimming pool with private cable, outdoor kitchens, cooperation spaces, multi-purpose clubs, secure storage of bicycles, pet trimming stations and parking in place.
By covering more than the entire block adjacent to the entrance of Metrorail and the Hialeah Hospital, one of the largest hospitals in Florida, Metro Parc North rises directly to Metro Parc, residential construction of Baron Property Group. Combined, these two projects cover nearly two million square meters and offer excellent apartments and retail options that introduce a fresh lifestyle of the fast expanding hialeah housing market.
