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.