New apartments are coming to Dania Beach thanks to The Estate Cos., Merrimac Ventures and Tricera Capital.
South Florida Business Journal reports that the three partners received $56 million in construction loans from Synovus Bank to build Soleste Cityline at 4 N. Federal Highway. The eight-story project will feature both retail and residential space with 340 apartments ranging from 600 square feet to 1,200 square feet and 12,800 square feet of retail space, which Tricera and Merrimac will own. Designed by Caymares Martin, Soleste will also feature a fitness center, clubroom, event space and pool deck.
The development sites at the northeast corner of Dania Beach Boulevard on 2.2 acres and is supported by $1 million from the Dania Beach Community Redevelopment Agency.
The groundbreaking is scheduled for the end of the first quarter.