Kadima Developers Secures $32.5 Million Construction Loan For Mixed-Use Resi Project Near Aventura
Kadima Developers is poised to accelerate construction at Seven Park, its highly anticipated mixed-use residential project located at 218-220 SE Seventh Street, ideally situated in Hallandale Beach near Aventura. Kadima Developers is beginning to transition to vertical construction following the closing of a $32.5 million construction loan from S3 Capital Partners.
Seven Park has already achieved critical early milestones, with site mobilization fully established, major underground utility installations progressing, and deep foundation operations over 65% complete.
“We are excited to have obtained our construction financing as our onsite operations move forward at full speed,” said Alejandro Chaberman, CEO & Founder of Kadima Developers. “This allows us to seamlessly maintain our momentum as we prepare to begin structural foundation concrete operations, including the tower crane and elevator foundations over the next two weeks.”
Carlos Vazquez of Nexos Invest arranged the construction financing.
Billed as “Urban by Nature,” Seven Park will rise eight stories directly across from the 16-acre Peter Bluesten Park. Designed by SKLARchitecture, the 200,000-square-foot development features 121 residences ranging from studios to three-bedroom units, alongside 4,500 square feet of ground-floor retail space. Curated common-area interiors and residential spaces are being crafted by Interiors by Steven G, creating a visual anchor that allows residents to seamlessly enjoy a luxury lifestyle.
“This milestone reinforces the incredible demand we are seeing for flexible, modern ownership in South Florida,” said Jose Melul, CFO and Founder at Kadima Developers. “Seven Park will provide a vibrant community atmosphere, unparalleled amenities, and a prime location adjacent to Aventura that resonates deeply with today’s luxury buyers.”
The amenity rich development boasts a 30,000-square-foot amenities deck featuring a clean-edge pool with two hot tubs, private cabanas, barbecue stations, a resident lounge, and a wellness center complete with a steam shower, sauna, and cold plunge. Individual residences feature floor-to-ceiling windows with panoramic park and cityscape views, luxury Italian kitchens, and available furnishing packages.
Fortune Development Sales serves as the project’s exclusive sales and marketing partner, with residences starting at $375,000.