HIALEAH, FLA. — MG Developer has secured a $16 million acquisition loan for a land parcel in the Miami suburb of Hialeah. The land will be used to build a 347-unit community called “Metro Parc South” on the site. Metro Parc South will offer studios, one- and two-bedroom units. MG Developer expects to break ground on the development in the third quarter of 2024, with delivery slated for the third quarter of 2026. The project will complement Metro Parc, a 559-unit mixed-use community located at 955 East 25th Street and 980 East 26th Street, as well as Metro Parc North, a 620-unit multifamily building located directly to the north of Metro Parc.
MG Developer Secures $16 Million to Acquire Metro Parc South Near Miami