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Major Investment Secured: Apollo and Liberty Base Secure $56M Construction Loan for Thriving Dania Beach Multifamily Development

Dania Beach, Florida – In a significant milestone, Apollo Companies and Liberty Base Investments have successfully secured $55.6 million in construction financing for the inaugural phase of their ambitious 101 Dania Beach mixed-use endeavor. The financing, facilitated by Israel Discount Bank, marks a pivotal step forward for the project’s realization.

The initial phase of 101 Dania Beach encompasses the construction of a striking 12-story edifice, set to accommodate 278 contemporary apartments, complemented by a vibrant cafĂ© and an ample provision of 449 parking spaces, catering to residents’ needs.

Having commenced the process with a notice of commencement filed with Broward County in May of the preceding year, the development momentum gained further traction with the approval of the site plan for the inaugural phase by the Dania Beach City Commission in 2022.

The joint venture diligently assembled nine parcels constituting the expansive 1.9-acre development site, demonstrating a strategic acquisition approach and commitment to project realization, with a total investment of $2.6 million between 2021 and 2022.

Looking ahead, the project’s second phase, situated at 46 Southwest First Avenue, received site plan approval in August of the previous year. This phase entails the construction of another illustrious 12-story structure, offering 102 residential units, inclusive of ground-floor live-work units, as well as an inviting retail space and 22,000 square feet of office space. An architecturally integrated pedestrian bridge will seamlessly link the two phases, enhancing connectivity and accessibility within the development.

Both phases are designed by the esteemed Miami-based firm Caymares Martin, renowned for its innovative and contemporary design ethos, ensuring a harmonious blend of functionality and aesthetics. The apartment offerings encompass a diverse range of configurations, including studios, one-, two-, and three-bedroom layouts, catering to the varied preferences of prospective residents.

Beyond the 101 Dania Beach venture, Apollo Companies, under the leadership of CEO Edward Abbo, is actively engaged in the development of a 12-story, 57-unit office condominium as part of the Atlantic Village mixed-use project in Hallandale Beach. Concurrently, Apollo’s collaboration with the city of Doral has resulted in a mutually beneficial compromise for the Oasis at Doral project, exemplifying the firm’s commitment to sustainable and inclusive urban development.

Meanwhile, Liberty Base Investments, spearheaded by principal Leon Ojalvo, continues to make strides in the multifamily real estate landscape, with notable ownership of Blue Village Apartments in Miami Shores, acquired for $15 million in 2021.

With a shared vision for innovation and community-centric development, Apollo Companies and Liberty Base Investments are poised to redefine the residential and commercial landscape of Dania Beach, offering a compelling blend of luxury living, dynamic retail, and vibrant workspaces.

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