Broward County’s Hallandale Beach has seen a building boom in recent years, with businesses and residents attracted to its relative a:ordability, retail offerings and entertainment venues, including restaurants, casinos and racetracks. Proximity to the busy Aventura Mall and a Brightline passenger rail station also serve as big draws.
As of the end of June, the City of Hallandale Beach counted 12 major developments that have been approved or under construction, plus another 12 that have been proposed. The municipality defines “major developments” to include any projects containing 10 or more residential units or 4,000 or more square feet of retail.
Hallandale Beach’s pro-growth local government also plays a role, according to Alejandro Chaberman, CEO of Kadima Developers, which has a string of projects in the coastal city.

“The ordinances and the codes allow them to attract developers to the city, and you can see it by the quality of developments these days in Hallandale,” Chaberman told the Business Journal. “You have all of the big players in South Florida already vested in this city.”
Other major developers with projects in Hallandale Beach include 13th Floor Investments, BH Group, Grupo Eco, PPG Development, Prime Group and Two4 Group.

Seven Park
On the relatively more a:ordable side, Aventura’s Kadima Developers drew the attention of South Florida real estate watchers in July when it launched sales at its latest $70-million project, Seven Park at 218-220 S.E. Seventh St. Prices for the project’s 121 condos start at $375,000, making it one of the few new construction condo projects in the tri-county region priced below $400,000.

Most recently Chaberman, alongside Jonathan Eisenband, Asher Abadi and Arie Abadi, filed plans for a 1.54-acre o:ice condo at 411 and 415 N.W. First St., plus 23 N.E. Fourth Ave. It would o:er nearly 120,000 square feet of o:ice space, plus almost 15,000 square feet of retail. The office condos would range from 250 to 400 square feet, with prices from $700 to $750 per square foot. That means a prospective buyer could obtain an o:ice condo in the $200,000-$300,000 range, a price point much lower than residential condos in the area.