A major Miami-Dade rental development has just secured significant financial backing, signaling continued investment confidence in South Florida’s multifamily housing market. Baron Property Group announced on July 29, 2026, that it has closed a $226.5 million refinancing deal for Metro Parc, a newly completed residential complex located in Hialeah, Florida.
The refinancing was led by Madison Realty Capital, with participation from Yellowstone Real Estate. This substantial Miami-Dade rental financing package will replace the original construction loan and serve as a bridge to permanent financing for the property, which represents a significant addition to the area’s housing inventory.
Metro Parc: A New Housing Option for Working Families
Located at 955 East 25th Street, Metro Parc stands as a 10-story building offering 559 residential units within its 754,016-square-foot footprint. The property is strategically positioned just one block west of the Metrorail and Tri-Rail transfer stations, providing residents with convenient access to public transportation throughout Miami-Dade County.
The development caters primarily to working-class families in the area, offering modern amenities and easy commuting options. For Latino families seeking affordable rental housing with transit access, this location presents a practical option worth considering. The building also includes approximately 15,000 square feet of retail space, partially leased to Mr. Baker, a popular Cuban bakery that brings familiar flavors to the community.
- 559 residential units across 10 stories
- 754,016 square feet of total space
- 15,000 square feet of retail space
- Walking distance to Metrorail and Tri-Rail stations
- Located in a working-class neighborhood of Hialeah
Current Leasing Status and Market Implications
Despite completing construction last year, Metro Parc is currently approaching 50 percent occupancy. While this leasing pace may seem modest, it reflects broader trends in South Florida’s competitive rental market where new developments often take time to fully stabilize. The Miami-Dade rental market continues to attract both investors and renters, though absorption rates have moderated compared to the pandemic-era boom.
The original construction financing of $148 million was provided by Post Road Group back in 2022, and the successful completion and subsequent refinancing demonstrates the project’s viability despite challenging market conditions. Ben Suky brokered the refinancing transaction.
The refinance will replace the project’s construction loan and will serve as a bridge to permanent financing, positioning Metro Parc for long-term stability in the Miami-Dade rental market.
Expansion Plans: More Housing Coming to Hialeah
Metro Parc represents just the first phase of Baron Property Group’s ambitious 2.3 million-square-foot residential development plan for the area. The second phase, known as Metro Parc North, is currently under construction adjacent to the original building. This expansion recently reached its highest point and is scheduled for completion in late 2027, with Post Road Group providing a $206 million construction loan for that portion of the project.
Additionally, MG Developer is constructing Metro Parc South across the street, a 347-unit building backed by a $105 million construction loan secured last year. Together, these three phases will significantly expand housing options in this transit-oriented corridor of Hialeah.
What This Means for Renters
For families searching for housing in Miami-Dade County, the Metro Parc developments offer several advantages worth considering:
- Modern construction with contemporary amenities
- Excellent public transit connectivity for commuters
- Retail conveniences within the building
- A growing neighborhood with additional phases under development
- Working-class community character preserved
The continued investment in Miami-Dade rental properties through substantial refinancing deals like this one suggests that major financial institutions remain confident in South Florida’s long-term housing demand. For the Latino community, particularly those working throughout the greater Miami area, developments like Metro Parc provide much-needed quality housing options with practical transportation access.
As South Florida’s population continues to grow, transit-oriented developments in areas like Hialeah represent an important part of the region’s housing solution. Prospective renters interested in Metro Parc can explore current availability as the property works toward full occupancy over the coming months.
