New Apartment Development in Davie: Parks at Davie

Parks at Davie Apartment Complex

News Summary

Davie is set to welcome the Parks at Davie, a new apartment project by 13th Floor Investment and Adler Group. This development, featuring 383 rental apartments and commercial spaces, is strategically located near Broward College. With groundbreaking expected soon and completion slated for 2027, the project aims to meet the growing demand for quality housing in South Florida, offering a range of unit sizes and modern amenities, including a refreshing pool and fitness center.

Exciting New Apartment Project Coming to Davie!

Davie is buzzing with excitement as two real estate heavyweights, 13th Floor Investment and Adler Group, have joined forces to create something special! They’re launching a brand-new development called Parks at Davie, which will bring a whopping 383 rental apartments and commercial spaces right next to Broward College.

A Prime Location and Big Plans

This new project is situated on a prime 21.2-acre site, nestled on the east side of the college’s campus. If you’re familiar with Davie Road and Southwest 37th Street, you’ll know exactly where to find this fantastic addition! The developers have secured a $67.5 million construction loan from Santander Bank, making it official as of March 13, 2023.

Groundbreaking for Parks at Davie is anticipated to happen later this month, with a completion date set for 2027. It’s been quite the journey already; back in 2021, the Broward College Board of Trustees paved the way by approving a 99-year land lease for the project. Fast forward to April 2023, and the Davie Planning Board gave its stamp of approval on the detailed plans. Things are really moving along!

A Closer Look at the Project

So, what can you expect from Parks at Davie? Well, for starters, there will be four chic five-story apartment buildings designed around a reconfigured lake, creating a tranquil setting for residents. The development is aimed at meeting the soaring demand for quality housing in South Florida, providing options that include both market-rate and workforce apartments. Unit sizes range from cozy studios to spacious three-bedroom apartments, with floor plans measuring between 585 and 1,415 square feet.

The amenities sound simply amazing! Future residents will get to enjoy a refreshing pool, a state-of-the-art fitness center, a business center for remote work, and a snazzy clubhouse. And let’s not forget about eco-friendliness—there will be eight electric vehicle charging stations on-site to accommodate electric vehicle owners.

Each apartment is designed to be a comfortable haven with charming features such as quartz countertops, stainless-steel appliances, and luxury vinyl flooring. Picture cooking in a well-equipped kitchen with spacious kitchen islands and taking advantage of the convenience of in-unit washers and dryers. It sounds pretty inviting, right?

Commercial Opportunities and Community Vibes

Apart from the residential units, Parks at Davie will include around 5,000 square feet of commercial space, creating opportunities for local businesses and enhancing the sense of community. It’s not just about apartments; it’s about creating a vibrant lifestyle for residents.

The location couldn’t be better. With easy access to major highways, it will serve not only as a cozy living space but also as a fantastic spot for those commuting to work or school. It’s close to everything you need—be it employment opportunities or educational hubs. Plus, residents will enjoy nearby recreational options like the lush Davie Pine Island Park and Tree Tops Park, perfect for weekend adventures!

A Boost for Broward College

A notable aspect of this project is the financial boon it represents for Broward College. Once fully running, it’s projected to generate at least $315 million over time thanks to the lease agreement.

With Corwil Architects from Coral Gables on board for design and support from Marble Capital in Houston providing preferred equity, it seems like this project is built on solid partnerships. Plus, the Aztec Group facilitated the capitalization deal, ensuring everything is set for what’s shaping up to be an incredible addition to Davie’s skyline.

So, as the ground is about to be broken on this exciting project, the community can start getting ready for a truly enriching living experience at Parks at Davie. Keep your eyes peeled for this development that promises to bring a fresh and vibrant atmosphere to the heart of Davie!