Kadima Developers is launching a $70 million mixed-use condo project in Hallandale Beach, marking the latest addition to the city’s residential development pipeline.
Kadima’s Seven Park is planned for 218-220 Southeast 7th Street and will span eight stories with 121 condos, according to a press release. Led by co-founders Alejandro Chaberman and Joseph Melul, Kadima is based in Aventura and has a portfolio of planned projects in Hallandale Beach.
Seven Park will include units ranging in size from studios to three-bedrooms, spanning between 500 square feet and 1,645 square feet. The building’s amenities will include a pool, a resident lounge and party room, and wellness facilities. The design team includes Hollywood-based Sklarchitecture and Miami-based interiors firm Addison House.
The ground floor will also have four retail spaces spanning 4,500 square feet. Construction is set to begin in October, a spokesperson confirmed. Kadima tapped Fortune Development Sales to lead sales and marketing, with prices for units starting at $375,000.
The developer bought the 1.1-acre site for $5.3 million in June of last year, according to property records.
Hallandale Beach, a Broward County city bordering booming Aventura, has attracted a wave of development and millions of dollars of investments in recent years.
Kadima is also planning a $40 million, eight-story, 185-unit multifamily building in Hallandale Beach dubbed “Blue Park,” the South Florida Business Journal reported.
Earlier this month, Ari Pearl’s PPG Development and BH3 Management announced plans to convert a luxury apartment tower to Mondrian-branded condos. Prices for the 26-story, 250-unit Mondrian Hallandale Beach Residences are starting at $900,000. Last month, developer Giuseppe Iadisernia landed a $112 million construction loan for the east tower of his planned Oasis Hallandale condos. That loan brought his total financing for Oasis Hallandale, a 10-acre mixed-use development with 500 condo units, to $197 million.
In August, Arnaud Karsenti’s 13th Floor Investments landed an $83 million construction loan for a planned 398-unit multifamily complex.
