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Dania Beach Apartment Build Proceeds with $55.6M Loan – Connect CRE

by | Feb 1, 2024 | 0 comments

The first phase of the 101 Dania Beach apartments is moving forward after the developer secured a $55.6 million construction loan. Israel Discount Bank of New York provided the mortgage to Apollo Cos. and Liberty Base Investments. It covers the 1.89-acre site spanning nine parcels at 101 S.W. First St.

The developers obtained approval for 101 Dania Beach in 2022 and started construction in late 2023. Apollo Cos. is self-performing as general contractor.

The S. Florida Business Journal reports the construction should be completed in 22 months.

The project is slated for 278 apartments in 13 stories, along with a small café and 449 parking spaces. Amenities will include a pool and bar on the roof, a dog wash, a fitness center and coworking space.

Miami-based Caymares Martin designed the project.

The developers obtained approval for the second phase of 101 Dania Beach in August. It has yet to break ground.

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