Metro Parc North is MG’s third project at their Metro Center Community 

MG Developer, now the most active developer in Hialeah and Coral Gables, announces it has secured an $18 million loan for its third transient-oriented multifamily development, Metro Parc North, a 663-unit multifamily in Hialeah, located at the entire block that includes, 901 E 26th Street, Hialeah, FL. This significant milestone marks MG Developer's commitment to expanding its presence in the region and contributing to the development of high-quality, transit-oriented housing solutions.

Principal and Founding Partner Ayush Kapahi of HKS and Executive Vice Presidents Jeffery Donnelly and Dmitry Levkov of Colliers International secured the financing. RMWC provided the loan.

Metro Center will provide nearly 1,600 attainable contemporary apartments to the City of Hialeah that will be within walking distance of the Metrorail and Tri-Rail Transfer Station. MG’s first multifamily building, Metro Parc, is a 560-unit, 10-story building that broke ground in 2022. Metro Parc North, with 663 apartments will rise next to Metro Parc at 983 East 26th Street and is expected to be completed in 2026. Metro Parc South, a 347-unit building, the latest of MG’s transit-oriented multifamily communities to be unveiled will be located at 954 & 934 E 25th Street and is slated for completion in 2027.

MG Developer has been working closely with the city of Hialeah to bring high-quality transit-oriented housing to the community, which will contribute to a more vibrant urban lifestyle while helping alleviate traffic in the area. The City of Hialeah is moving from the City of Progress to a “Forward-Thinking” Miami that is ideal for young professionals who want a lifestyle where they can walk to parks, dine, work, and play and be only a short distance from just about anywhere in South Florida by commuting by train.

“We are extremely proud to work collaboratively with the City of Hialeah and continue bringing projects to life in Hialeah that further our vision of a modern and transient lifestyle in this city,” said Alirio Torrealba, CEO and founder of MG Developer.

MG Developer and Baron Property Group’s acquisition of Metro Parc in 2021, marked the start of the company’s multifamily rental division. MG is committed to fulfilling the demand in the City of Progress for high-quality housing in the area while also giving residents the ability to commute easier and faster. This has now been further solidified with Metro Station and now Metro Parc North.

When completed, Metro Center will be considered Hialeah’s modern living lifestyle center that will boast more than 35,000 square feet of ground floor commercial space ideal for restaurants, cafes, boutique shops, health & fitness outlets, as well as a specialty market, all in the heart of Hialeah. It will also be a short distance from Hialeah Hospital, Amelia Earhart Park, Factory Town, and only 15 minutes from Miami International Airport. The entire Metro Center complex is expected to be completed in 2027. Projects within MG’s Metro Center community are slated to be completed between 2025 through 2027.

Led by Venezuelan native Alirio Torrealba, MG Developer is a residential property development company headquartered in Coral Gables, Florida that currently has $1 billion in development and another $424 million in the pipeline. MG Developer provides a comprehensive array of real estate-oriented services, from concept creation and property site selection to project advancement. MG Developer currently has several projects completed and in planning throughout South Florida and continues to be Coral Gables’ most active residential developer.

For more information, please visit www.MGDeveloperMiami.com.

Metro Parc will be a 10-story residential apartment rental building with 560-units

Led by Alirio Torrealba, MG Developer, known as Coral Gables most active developer, held its first groundbreaking in the City of Progress for the construction of a 10-story apartment rental building in Hialeah, named Metro Parc. This groundbreaking event also marks the company’s launch of its new multifamily residential division of rental buildings, which is in a long-term partnership with Baron property Group, a New York based development company led by Matthew Baron, that has more than a decade of experience in the multifamily housing. There are more rental communities planned in this partnership.

Metro Parc will be a 3.26-acre project that will consist of two, mixed-use tower buildings that will feature 560-units of rental apartments comprised of studios, one-bedroom/one bath, and two bedroom/ two bath ranging from 500 square feet to 1000 square feet. Amenities will include co-working spaces, an outdoor kitchen, a pool, gym, resort style landscaping and will also have retail spaces on the ground level as well as ample parking and a food marketplace to give the young population and families a new place for their new life.

“We are truly excited about moving into the Hialeah market and sharing our expertise of building luxury and high standard of living and lifestyle into a growing City,” said, Alirio Torrealba, CEO and Founder of MG Developer. Hialeah is the sixth largest city in Florida, and MG Developer has a track record of delivering high-quality residential developments that enhance neighborhoods.

“This is an exciting milestone for the City of Hialeah,” said Mayor of Hialeah Carlos Hernandez. “High-quality housing options are key to the city’s success and projects like Metro Parc among others that our administration have brough into the City provide that. Moreover, Alirio Torrealba and his team at MG developer are experienced in building authentic, quality communities, and have a deep appreciation for a city’s history, culture, while supporting local businesses. They are among the city’s long-term partners that will provide a thriving future for Hialeah.”

Located between 955 East 24th Street and 980 East 26th Street, Metro Parc will be conveniently located two blocks from the metro rail and Tri-Rail Transfer Station bringing a new type of chic urban lifestyle to the transient-oriented community. This site is also in walking distance to Hialeah Medical Services, near Amelia Earhart Park; and is only a mile from Hialeah’s up-and-coming Arts District, which will deliver a vibrant cultural and entertainment scene with galleries, breweries, restaurants, and shops.

MG Developer recently announced it will also be groundbreaking on a 50-residence enclave in Coral Gables, called Gables Village. Additionally, the developer also announced that within 90 days of completion of Althea Row, a luxurious set of five 3-story town houses, it nearly sold out. In the summer of 2022, MG Developer, will also be completing Biltmore Row, a set of 3-story, 10 residential townhomes that will complete the Biltmore Square Community in Coral Gables. MG’s prior developments include Biltmore Parc Condominiums, and a variety of luxury townhomes including, Beatrice Row, 444 Valencia, Villa Blanc, The Ponce Townhomes, and custom homes in South Miami Ave and Coconut Grove.

For more information about MG Developer, visit, www.mgdevelopermiami.com.