Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Estate Cos. Obtains $75M Refi for S. Florida Apartments
Soleste Seaside, a luxury rental community in Dania Beach developed by The Estate Companies in partnership with Merrimac Ventures, has secured $75 million refinancing from Affinius Capital. The project, situated at 4 North Federal Highway, was completed in July 2023.
Soleste Seaside is an eight-story-tall Class A mixed-use community featuring 340 luxury rental units and 12,800 square feet of retail space. The project offers studios, one-, two-, and three-bedroom units ranging in size from approximately 600 to 1,200 square feet. All residences feature private balconies, a pool deck, a fitness center, outdoor grilling stations, a club room, and private event space.
The Estate Companies has approximately 4,000 rental units and 153,000 square feet of commercial space in the pipeline throughout the tri-county region. The firm has numerous projects in various stages of development, including North Miami Beach, four in downtown Hollywood, Davie, Pompano Beach, Lauderhill, Homestead and West Palm Beach.
