Integra scores $68M refi for Artsquare at Hallandale Beach

Miami /
Dec.December 11, 2019 05:30 PM
Integra Investments’s Victor Ballestas and  Artsquare at Hallandale Beach

Integra Investments’s Victor Ballestas and Artsquare at Hallandale Beach

One of Hallandale Beach’s largest apartment complexes scored a $67.6 million loan.

Integra Investments secured the refinancing for Artsquare at Hallandale Beach from Hunt Real Estate Capital. Artsquare is a 358-unit, Class-A project at 401 North Federal Highway that was completed in 2018. The project has six buildings and sits on a 2.7-acre parcel.

In addition, the property features six commercial spaces that total 13,500 square feet in space. Two of the spaces are leased to Thousand Hills Coffee and Orange Theory.

Amenities at the project include a swimming pool, fitness center, yoga/spin studio, a dog wash station, club room and private theater.

Integra Investments paid $8.5 million for the 7.5-acre site in 2014, property records show.

Integra, led by Victor Ballestas, is also partnering with Key International to build Boca Beach House, a boutique luxury condo development in Boca Raton . In 2018, Integra completed its $300 million Aventura ParkSquare, a 1.2-million-square-foot mixed-use project at 2920 Northeast 207th Street.

Development is booming in Hallandale Beach. Taplin Development Corp., led by Jack Taplin, is planning to build 320 apartments and a 120-key hotel with a retail component across from Gulfstream Park at 900 South Federal Highway in Hallandale.

Also in Hallandale, New York City-based KAR Properties is building a 38-story, 64-unit luxury condo project called 2000 Ocean.


Related Articles

arrow_forward_ios
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M

Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail

Altman scores $55M construction loan for Ludlam Trail project

Altman scores $55M construction loan for Ludlam Trail project
Joseph Swedroe (Corcoran, iStock)

Corcoran agent in Miami loses job over “racist and fear-based” marketing

Corcoran agent in Miami loses job over “racist and fear-based” marketing
Vanessa Grout with Vladislav Doronin

Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm

Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
Rendering of the project with Jon Paul Pérez (top) and Jorge Pérez 

Related switches gears on Terminal Island project, now plans low-rise offices

Related switches gears on Terminal Island project, now plans low-rise offices
Edgardo Defortuna and a rendering of La Playa de Varadero

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end

Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
Richard Branson (Credit: Virgin, Cindy Ord/Getty Images)

Virgin Trains seeks $350M to build five stations in Miami-Dade

Virgin Trains seeks $350M to build five stations in Miami-Dade
Easton Group picks up land in Hialeah Gardens for $8M

Easton Group picks up land in Hialeah Gardens for $8M

Easton Group picks up land in Hialeah Gardens for $8M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...