Kadima’s $70M ‘Seven Park’ Launches Sales in South Hallandale Beach

Key Points

• 121 condo units plus 4 retail spaces launching pre‑sales in newly entitlement-approved Seven Park.

• Units start at $375K, offering studios to 3‑beds (500–1,645 sq ft); development cost: $70 M.

• Located across from 16‑acre Peter Bluesten Park and steps from Gulfstream Park; enriched with 30,000 sq ft amenities.

Kadima Developers has broken ground on Seven Park, a $70 million mixed-use condominium project at SE Seventh Street in South Hallandale Beach, aiming to anchor the area’s accelerating transformation. 

Project Overview

Premium Mixed-Use Offerings

• 121 residences (studios to 3‑bedrooms).

• Four ground-floor retail spaces (~4,500 sq ft), ideal for lifestyle tenants.

• Developer: Kadima; Architect: SKLARchitecture; Sales partner: Fortune Development Sales 

Amenities That Drive Value

• 30,000 sq ft amenities including a pool with hot tubs, lounge, party room, wellness center (steam, sauna, cold plunge), cabanas, and BBQs

Site Background & Positioning

• Acquired for $5.3M in 2024 on a 1.1‑acre parcel 

• Across from Peter Bluesten Park, enhancing resident appeal.

• Proximity to Gulfstream Park and emerging medical/lifestyle hubs underscores walkable urban living 

Market Context & Investment Insight

Local Housing Trends

• Median home prices in Hallandale Beach hovered around $311–335K in May 2025, slightly down ~0.5–6.9% YoY 

• The area leans toward a buyer’s market, with ~83% of single-family homes selling below asking .

Opportunity for Condominiums

• Despite broader stagnation in South Florida, condo developments integrating amenity-rich living near transit and parks — like Slate and Oasis — have found success 

• Investors are capitalizing on starting prices of $375K at Seven Park, which aligns with studio/1-bed pricing yet delivers deluxe common spaces and retail upside.

Regulatory Landscape

• Florida’s post-Surfside condo reserve laws are raising operating costs—but newer buildings may dodge hefty assessments in the near term 

• Buyers are becoming savvier, demanding structural inspections — newer projects like Seven Park may see a premium valuation due to compliance and transparency.

Why It Matters for CRE Investors

• Strategic Location: Proximity to two major urban assets—Peter Bluesten Park and Gulfstream—enhances tenant attraction and retention.

• Lifestyle-Driven Positioning: “Urban by Nature” branding targets Gen X/Y demographics seeking premium delivery at accessible prices 

• Retail Footprint: Ground-floor space provides dual revenue streams from condo sales and retail leasing.

Seven Park is poised to be a bellwether project in South Hallandale, melding affordable ownership with high-end condo living—bolstered by vibrant amenities, strategic location, and smart urban design. With pricing aligned with current market metrics and regulatory clarity for modern buildings, this project offers a compelling play for investors eyeing long-term value and community evolution.