TSL Express Daily News

STAMFORD, Conn.--(BUSINESS WIRE)--Post Road Group, an alternative investment advisory firm, has provided Miami- and New York-based real estate developer Baron Property Group (“BPG”) with $206 million in construction financing for Metro Parc North, a new ground-up residential development in Hialeah, FL. Ayush Kapahi, principal and founding partner at commercial real estate advisory HKS Real Estate Advisors (“HKS”), facilitated the transaction. On the heels of breaking ground last month, construction on Metro Parc North is well underway and is slated for completion in late 2027.

Metro Parc North is Baron Property Group's second transit-oriented development in Hialeah. BPG closed on a $148 million construction loan with Post Road Group in September 2022—which was also facilitated by HKS—to capitalize Metro Parc, a Class-A mixed-use development offering retail and 559 rental homes adjacent to Metro Parc North.

“We are pleased to again provide financing to support the development of Metro Parc North, a high-quality, transformative residential community,” said Jason Carney, Partner and Head of Real Estate Credit at Post Road Group. “Baron Property Group's experience and expertise, coupled with their vision for Hialeah's continued growth, make this an exciting opportunity. We look forward to partnering with Matt and his team as they work to complete the project.”

“Securing this construction financing from Post Road Group continues to strengthen our vision for Hialeah's transformation and was a significant milestone both for this development and Baron Property Group,” said Matthew Baron, Founder and President of Baron Property Group. “This financing is a testament to our ability to deliver a high-quality residential community that contributes to the city's growth. With its modern design, luxury amenities and seamless connectivity to public transit, Metro Parc North will set a new standard for living in the area.”

“Securing financing for Metro Parc North alongside Baron Property Group reinforces our shared commitment to shaping Hialeah's future,” said Ayush Kapahi, principal and founding partner at HKS. “This project is more than just a residential development - it's a pivotal step in creating a vibrant, transit connected community. At HKS, we remain focused on delivering strategic solutions that drive urban growth and create long-term value for developers and the neighborhoods they serve.”

Designed by Modis Architects, Metro Parc North will offer 661 rental residences ranging from studios to three-bedroom homes. Residences will feature open-concept floor plans, luxury flooring, designer kitchens with stainless steel appliances, in-unit washers and dryers, spacious closets and large private balconies. Residents will enjoy a full-service, highly amenitized lifestyle featuring a 24-hour concierge, resort-style pool with private cabanas, outdoor kitchens, coworking spaces, a multi-purpose clubroom, secure bike storage, pet grooming stations and on-site parking.

Spanning more than the entire block adjacent to the Metrorail entrance and Hialeah Hospital, one of the largest hospitals in Florida, Metro Parc North rises directly next to Metro Parc, Baron Property Group's 559- unit residential development featuring over 15,000 square feet of retail space. Combined, these two projects span nearly two million square feet and offer upscale apartments and retail options that introduce a fresh lifestyle opportunity to the rapidly expanding Hialeah residential market.

About Post Road Group

Post Road Group is an alternative investment advisory firm that currently manages approximately $2.5 billion across its four distinct, complementary investment strategies which include Real Estate Credit, Real Estate Equity, Corporate (Digital Infrastructure) and Specialty Finance. Since inception in 2015, the firm has committed and invested $3.5 billion of capital on behalf of institutional investors across the world. The firm is based in Stamford, CT. For more information, please visit http://www.postroadgroup.com/.

About Baron Property Group

Baron Property Group, headquartered in New York City and Miami, is a vertically integrated real estate development and investment firm that develops residential and commercial properties nationwide. Formed in 2021 by Matthew Baron, who oversaw the acquisition, financing and development of over $1.8 billion of assets throughout 20 years as co-founder of Simon Baron Development, Baron Property Group is focused on developing best-in-class assets in emerging and established locations, with a current emphasis on the New York City and South Florida markets. The firm has an active development pipeline totaling nearly 4 million square feet and over 3,600 new residential units, valued at over $2 billion. In addition to The Park Overture, Baron Property Group is currently developing a rental project in Long Island City and several large-scale multifamily projects in Hialeah and Coral Gables, Florida. For more information, visit https://www.baronprop.com/.

About HKS Real Estate Advisors

Established in 2011, HKS Real Estate Advisors has swiftly emerged as an industry pacesetter in the realm of commercial real estate advisory. Providing a wide array of financial services encompassing debt, equity, bridge, and joint venture financing for commercial real estate transactions, HKS has over $2 billion in annual transaction volume and has closed more than $30 billion in transactions since its inception. The company's structure includes investment sales and capital markets advisory. HKS advises clients on single assets, portfolios, development sites, construction projects, ground leases, JV partnerships, and partial equity sales across assets nationwide. For more than a decade, HKS has established a reputation for providing best-in-class sales and financing solutions with sophisticated and seamless execution, regardless of complexity.