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Florida & Gulf Coast  + South Florida  + Apartments  | 
Dania Beach apartment complex secures $55M build loan

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.

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Apollo Cos.

About Mike Boyd

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.

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