DAVIE, FLA. — A joint venture between 13th Floor Investments and JSB Capital Group has obtained a $67.5 million construction loan for Parks at Davie, a 383-unit project in Davie, 25 miles north of Miami. Santander Bank provided the financing. Peter Mekras of Aztec Group advised the joint venture on the capitalization, which also included an undisclosed amount of preferred equity from Houston-based Marble Capital.
Designed by Corwil Architects, Parks at Davie will offer studio, one-, two- and three-bedroom units ranging from 568 square feet to 1,415 square feet. Amenities will include a clubhouse with a pool, fitness center, business center with coworking areas. Additionally, the property will feature about 6,200 square feet of ground floor retail space. 13th Floor and JSB Capital expect to break ground later this month, with completion slated for 2027.