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JV Using $12M Loan for Construction of Dania Beach Tower
A joint venture between LYND and Dania Beach Marina Corp. has received a $12 million loan for the construction of The Aileron, a 380-unit multifamily across from Spirit Airlines’ headquarters in Dania Beach, Fla., in metro Miami. Work on the project is expected to begin in the third quarter of 2024.
Kast Construction is the general contractor, while Nichols Brosch Wurst & Wolfe is the project’s architect. The 15-story tower is the first phase of a larger development that is set to include a second 380-unit building.
Upon completion, The Aileron will feature studio, one-, two- and three-bedroom layouts, ranging between 627 and 2,222 square feet. The high-rise will also comprise some 20,000 square feet of ground-floor retail space.
Common-area amenities will consist of a fitness center, two swimming pools, a spa, yoga and a Pilates studio, along with a community lounge, community kitchen and a rooftop bar. Adjacent to the property, Dania Beach Marina Club will provide boat slips and electronic boat rentals.
- ◦Development
- ◦Financing
