Baron Property Group has officially commenced construction on Metro Parc North, a significant 661-unit luxury multifamily property situated in Hialeah, Florida. This development marks a major step in the company’s vision for Hialeah as a burgeoning real estate hub, strategically located near mass transit and Hialeah Hospital.
Key Takeaways
- Baron Property Group is developing a 661-unit luxury multifamily property, Metro Parc North, in Hialeah, Florida.
- The project is adjacent to the existing Metro Parc mixed-use development, creating a combined nearly 2 million square feet of upscale living and retail space.
- The development aims to enhance Hialeah’s appeal as a vibrant, multi-generational community.
- Completion is anticipated in the third quarter of 2027.
Metro Parc North Project Details
Located at 983 E. 26th St., Metro Parc North is poised to become a premier residential destination. It will offer a range of studio to three-bedroom residences, spanning from 500 to 1,250 square feet. These units will feature modern luxury elements such as open-concept layouts, high-quality vinyl flooring, designer kitchens with stainless steel appliances, full-size laundry facilities, ample closet space, and private balconies.
The development will boast extensive amenities designed to provide a full-service, resort-like living experience. Residents can expect concierge services, a hotel-style pool with private cabanas, summer kitchens, a versatile clubroom, dedicated bike storage, a pet grooming station, and secure, controlled-access parking. Additionally, approximately 3,500 square feet of retail space will be included, with tenant announcements expected soon.
Strategic Location and Vision
Matthew Baron, president and founder of Baron Property Group, expressed enthusiasm for Hialeah’s potential, stating, "Its prime location adjacent to mass transit and rich cultural heritage make it an ideal place for families and young professionals alike." He emphasized that the project is not just about constructing high-quality homes but also about contributing to the future of Hialeah as a dynamic and inclusive community.
Metro Parc North is part of a larger transit-oriented development strategy. It complements the adjacent Metro Parc, a 559-unit mixed-use project with over 15,000 square feet of retail space, which is nearing its opening with move-ins commencing shortly. The combined developments will offer nearly 2 million square feet of upscale apartments and retail.
Investment and Development Team
Baron Property Group, with offices in Miami and New York, is a national developer and investor. Audent Global Asset Management is also an investor in Metro Parc North. The project’s design is by Modis Architects, and KAST Construction is handling the build. The development secured $148 million in construction financing in September 2022, initially through a joint venture that Baron Property Group has since bought out.
Baron Property Group’s Expanding Portfolio
Founded in 2021, Baron Property Group has rapidly built a substantial pipeline of nearly 4 million square feet and over 3,600 residential units across Miami, New York, and Los Angeles, valued at over $2 billion. Recent projects include The Park Overture, a 92-unit luxury apartment community in Manhattan, and a rental project in Long Island City, Queens. In Florida, the company is also developing Merrick Park in Coral Gables.