Kaufman Lynn Construction has topped off Oakland Park Residences, a 300-unit garden-style community in Oakland Park, Fla., which broke ground in March 2021. Ram Realty Advisors paid $16.5 million for the former Kmart store site and landed a $56 million construction loan for the project, according to The Real Deal.
Spanning 12 acres, the development comprises four five-story buildings and three two-story buildings with one- and two-bedroom apartments. Community amenities include a clubhouse with a swimming pool, a one-story covered garage, a dog park and a reconstruction of the seawall. The community is also adjacent to a planned Sprouts Farmers Market.
Located at 670 E. Oakland Park Blvd., the community is next to East Park Square and within half a mile of multiple dining options alongside East Oakland Boulevard and North Dixie Highway. Fort Lauderdale is within 3 miles of the property. Numerous retail options, including Best Buy, Whole Foods and the River Market shopping mall are within 2.5 miles of the community.
The multifamily development pipeline in Oakland Park currently includes two properties under construction, as well as five projects in the planning stages. The new communities will add some 1,556 units to the current inventory, Yardi Matrix data shows.
Kaufman Lynn will soon start construction on another project, Render Legacy Trail, a 450-unit property in Laurel, Fla., developed by FCP and Crescent Communities. The project is slated to deliver its first units by the fall of 2023.