Construction Begins on Le Parc Lauderhill in South Florida

• Krea USA has broken ground on Le Parc Lauderhill, an 8.8-acre multifamily development at 3831 Northwest 13th Street in Lauderhill, Florida.
• The project will deliver 385 apartments across eight buildings, including six three-story walkups and two eight-story mid-rise buildings.
• The development is backed by a $61.8 million construction loan and is planned for completion in 2027.
• Bayshore Grove Capital is working with Krea USA on the project, with Behar & Font Partners serving as architect and Langan Engineering as civil engineer.

What Le Parc Lauderhill Will Include

Construction is underway on Le Parc Lauderhill, a new 385-unit apartment community planned for an 8.8-acre site at 3831 Northwest 13th Street in Lauderhill. The development is located east of Lauderhill Mall in Broward County. The project will be spread across eight residential buildings. Six will be three-story walk-up buildings, while two will rise eight stories. Apartments will range from one-bedroom to three-bedroom layouts, giving the development a mix of unit sizes aimed at different types of renters. Unlike many newer multifamily developments that use ground-floor space for restaurants or shops, Le Parc Lauderhill will include a day care center operated by a nonprofit organization.

What The Financing Means for the Development

The project is moving forward with the backing of a $61.8 million construction loan. The financing provides the capital needed to move the development from planning into construction after Krea USA first introduced the project several years ago. Le Parc Lauderhill will not have formal rent restrictions. Rents are expected to fall within the range of 100% to 120% of area median income, according to reporting cited in the source article. Broward County's AMI is estimated at $74,534. That positioning puts the project between traditional market-rate housing and developments designed specifically around income-restricted units. As Lauderhill continues to add new housing, the project could provide another option for renters who earn too much for many affordable housing programs but are still looking for newer apartments.

What The Development Team Is Bringing to Lauderhill

Miami-based Krea USA is developing Le Parc Lauderhill in partnership with Bayshore Grove Capital, a South Florida real estate development and private equity firm led by founder and CEO Vivian Zumot Dimond. Dimond has more than three decades of experience across development, construction, zoning, financing and real estate investment. Behar & Font Partners is serving as the architect. The Coral Gables-based firm is led by principals Robert Behar and Javier Font, both of whom have extensive experience in residential and mixed-use development. Langan Engineering is handling civil engineering for the project. The combination of a multifamily-focused development team and an eight-building layout gives Le Parc Lauderhill a sizable footprint within the Lauderhill market.

What The Project Could Mean for Lauderhill

Le Parc Lauderhill adds 385 new apartments to a Broward County market that continues to see residential development and redevelopment. Its location near Lauderhill Mall also places the project close to existing shopping and services. The planned mix of walk-up and mid-rise buildings should give the community a different scale than a single large apartment tower. The nonprofit-operated day care center is another notable feature, adding a community service component rather than traditional ground-floor retail. With construction now underway and completion planned for next year, the project will be one to watch as new housing continues to take shape across South Florida.