Oasis Hallandale Secures $85 Million Construction Loan

The developer of the Oasis Hallandale mixed-use project has successfully secured an $85 million construction loan for the 10-acre mixed-use project’s first condo tower. The financing, provided by New York-based FBRED BDC Finance LLC will fund the construction of the west tower and an accompanying parking garage.

Oasis Hallandale broke ground on the first of two 25-story towers in 2023. Designed by the world-renowned architectural firm Arquitectonica, the tower features 250 one- to four-bedroom residences with wrap-around balconies and floor-to-ceiling glass, offering unobstructed, 360-degree views of the City of Hallandale Beach and the water. The west tower, which has already achieved a 75% pre-sale rate, is slated for completion in 2025. Condo units range in size from 900 to 4,750 square feet, with prices from $675,000 to $4.4 million.

“From breaking ground last year to securing this significant financing, our vision for Oasis Hallandale is rapidly coming to life,” said Giuseppe Iadisernia, developer of Oasis Hallandale. “We are grateful to FBRED BDC Finance LLC for their support and belief in the future of Hallandale Beach. This milestone brings us one step closer to delivering a landmark development that will redefine luxury living in the area and contribute to the city’s ongoing growth and transformation.”

Located on 10.1 acres at 1100 E. Hallandale Beach Blvd., Oasis Hallandale is strategically positioned near the Village at Gulfstream Park, a premier horse racing, casino, and entertainment facility. Hallandale Beach has experienced a surge in luxury condo developments and lifestyle destinations in recent years, attracting affluent individuals who are seeking better home values and proximity to the beach.

Oasis Hallandale is also home to a vibrant commercial district with more than 59,000 square feet of retail and restaurant space, 35,000 square feet of office space, and nearly 1,500 parking spaces. The list of high-quality, unique tenants includes a luxury gymnasium, Oasis Fit, which offers pilates, yoga, weights, and cycling training, among other amenities. A gourmet kosher market, along with various restaurants, will soon join the tenant mix, adding to the project’s appeal as a destination for both residents and visitors.

Residents of both towers will enjoy a wide array of amenities, including pool decks with cabanas, lounges, a six-level waterfall, a golf simulator, banquet hall, children’s playroom, business center, fitness center, indoor and outdoor movie theaters, splash pad, ping pong room, mini soccer field, pet park, and electric car charging stations.

The commercial component of the Oasis Hallandale project, which began construction in 2021, is already fully sold, with Oasis Fit and Oasis Dental and the offices of Dr. Branovan among the first businesses to open their doors.

The general contractor for the Oasis Hallandale project is Hallandale Beach-based MGM Construction Group.