New Multifamily Development: Parks at Davie Set to Transform South Florida Living
Introduction to Parks at Davie
A groundbreaking ceremony is on the horizon for Parks at Davie, a significant multifamily development located in the heart of Broward County’s Town of Davie. Spearheaded by a partnership between 13th Floor Investments and JSB Capital Group, this project promises to deliver a total of 383 market-rate and workforce apartments across five elegantly designed buildings.
Project Financing and Timeline
Parks at Davie has secured $67.5 million in construction financing from Santander Bank, marking a crucial step in the project’s advancement. Construction is set to commence later this month, with an expected completion date of 2027. The project’s funding was bolstered by preferred equity provided by Marble Capital, and the financing structure was coordinated by Aztec Group’s Peter Mekras.
Commitment to Quality Living
Aaron Stolear, President of Development at 13th Floor Investments, articulated the vision for the community:
“Parks at Davie represents our commitment to meeting the growing demand for housing in South Florida by delivering high-quality, thoughtfully designed residences with exceptional amenities.”
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Located adjacent to Broward College, this development aims to offer residents not only modern living spaces but also convenient access to education and employment opportunities.
Apartment Features and Amenities
The apartments at Parks at Davie will range from studios to three-bedroom units, varying in size from 568 to 1,415 square feet. Prime features include:
- Quartz countertops
- Stainless steel appliances
- Spacious kitchen islands
- Luxury vinyl flooring
- 9-foot ceiling heights
- In-unit washers and dryers
Community Amenities
The amenities offered at Parks at Davie are designed to enhance the living experience:
- A clubhouse featuring a resort-style pool
- A state-of-the-art fitness center
- A business center equipped with co-working spaces
- Approximately 6,200 square feet of retail space on the ground floor
Strategic Location
Parks at Davie is strategically situated for easy access to numerous transportation routes, including:
- Interstate 595
- Florida’s Turnpike
- U.S. Route 441
The neighborhood is rich in amenities, featuring:
- Nearby parks such as Davie Pine Island Park and Tree Tops Park
- Shopping centers and dining options
- Proximity to Fort Lauderdale-Hollywood International Airport and Broward Mall
13th Floor Investments: A Growing Portfolio
The Parks at Davie project adds to 13th Floor Investments’ expanding portfolio of multifamily developments throughout South Florida. The company has recently completed Savio, the initial phase of its Parks at Delray project, which introduced 420 luxury rental apartments in Delray Beach. Additionally, they are developing Parks at Hallandale, a 398-unit development in Hallandale Beach.
Since its inception in 2008, 13th Floor Investments has successfully completed 3,900 residential units and currently maintains a robust pipeline of over 4,800 units in various stages of development.
Future Outlook
As the demand for high-quality housing in South Florida continues to rise, Parks at Davie stands as a beacon of modern living. Daryl Shevin, CFO of 13th Floor Investments, highlighted the significance of securing financial support:
"Securing this construction financing is a key milestone in bringing Parks at Davie to life. It reflects strong confidence in our vision and the demand for well-located, high-quality housing in South Florida."
For residents, the combination of quality living spaces, prime amenities, and an ideal location makes Parks at Davie an inviting choice for those seeking a vibrant lifestyle in South Florida.
Conclusion
Parks at Davie is more than just a housing development; it represents a vital contribution to the thriving community of Broward County. As construction progresses over the coming years, this project is poised to redefine contemporary living in the area, appealing to a diverse range of residents.
For more information on 13th Floor Investments and their ongoing projects, visit 13th Floor Investments.