Dania Beach Apartment Build Proceeds with $55.6M Loan
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.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.