Multifamily developer The Estate Cos. has secured a $55.5 million construction loan for Soleste Cityline, a new eight-story, Class A mixed-use project with 340 luxury rental units and 12,800 square feet of retail in Dania Beach.
Located at 4 North Federal Highway, the project will offer units ranging in size from approximately 600-1,200 square feet. Studios, one-, two- and three-bedroom units include dual master suites, spacious walk-in closets, private balconies and a full size washer and dryer. Amenities will include a pool deck, fitness center, outdoor grilling stations, clubroom and private event space.
The Estate Cos. plans to break ground this quarter. Merrimac Ventures is a partner in the project and will own the retail portion along with Miami-based Tricera Capital.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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