S3 Capital recently announced the origination of a $112M construction loan for the development of Oasis East Tower, a 250-unit luxury condominium building located at 1000 E Hallendale Beach Blvd. on the coast of Hallandale Beach, Florida. The project marks the final component of a multi-phase development that will deliver a new self-contained district of residences, shops, and restaurants to the Hallandale Beach and Aventura submarkets.
The sponsor, a seasoned South Florida developer with a track record of delivering large-scale mixed-use communities, assembled 11 acres for the master development roughly 8 years ago and has completed four commercial buildings to date that include an Oasis Fit, Oasis Dental Studio, Davinci Restaurant and Cocktails, KC Market (upscale grocer), medical offices, and an art studio.
To supplement the adjacent retail spaces, the developer is delivering two residential condo buildings collectively called “Oasis Towers” to round out the project. Oasis West Tower (Phase I) has an identical structure to the Oasis East Tower that S3 is financing. Oasis West is over 80% complete and has 200 units under contract, with a temporary certificate of occupancy (TCO) expected in Q4 2025. The same construction and development team will execute Phase II, ensuring a seamless continuation of design, construction, and marketing strategy. Foundation work and site preparation for the East Tower has already been completed, allowing for an immediate start to construction upon loan closing.
“With Oasis East Tower, we’re backing a highly capable sponsorship team with a proven ability to execute on a business plan of delivering affordable luxury in one of the most supply-constrained beachfront corridors in South Florida,” said Robert Schwartz, Co-Founder at S3 Capital. “This project represents one of the strongest value propositions in the South Florida condo market today, offering waterfront views, curated amenities, and some of the lowest monthly common charges in the Hallandale/Aventura area.”
S3 Capital is focused on facilitating new housing for people who historically would have been buying homes but can’t afford to do so now. A new Gallup poll shows that 45% of all U.S. adults who don’t currently own a home say they do not see themselves owning a home for the foreseeable future. And, according to the National Association of Realtors, first-time homebuyers decreased to 24 percent of market share, the lowest percentage since the organization began collecting this data in 1981.
When complete, Oasis East will offer the community a more affordable new luxury condo option, setting it apart in a competitive market. The development benefits from strong buyer interest with demonstrated demand for Phase I, and a strategic location near retail, dining, and major thoroughfares.
Managing Director of Origination at S3, Steven Jemal noted, “The S3 team continues to focus on partnering with developers who bring a clear vision and proven execution to markets with supply-demand imbalances. Oasis East encapsulates the type of thoughtfully planned value-oriented projects that we aim to support. We look forward to continuing to work with high-quality sponsors across the country who are reshaping their local communities.”
This loan reinforces S3 Capital’s commitment to financing transformative residential communities in high-growth markets across the eastern United States. With more than $6.5 billion in originations across 700+ loans since inception, S3 continues to deliver as the leading construction lender for multifamily.
