Plans for the Parc Vista apartments in Hialeah received a boost with $13 million construction loan.
Plans for the Parc Vista apartments in Hialeah received a boost with $13 million construction loan.
Boca Raton-based Amzak Capital Management awarded the mortgage to Hialeah 7.65 LLC, an affiliate of Miami Lakes-based Prestige Builders Group. It covers the 5.2-acre site at 7755 West Fourth Ave. (Red Road).
Parc Vista was approved in 2018 for 212 garden-style apartments in nine buildings. It was designed by architect Albert Gonzalez.
An industrial building there will be demolished. There’s been a trend of older industrial buildings in Doral being replaced by multifamily and mixed-use projects.
The site is just south of Miami-Opa Locka Executive Airport, where a major Amazon.com fulfillment center is under construction. The project is also near Amelia Earhart Park.