AARE Sunbelt, an affiliate of Adam America Real Estate, a privately held real estate development and investment company with over 42 renovation and development projects launched since 2009, and Stellar Communities, a leading residential real estate development company in Florida with 3,000 homes delivered since 2009, recently announced the acquisition of 7.2 acres of fully-entitled land at 4200 Southwest 54th Court in Dania Beach, Florida. The joint-venture partners plan to build a 6-story, 275-rental-unit multifamily development in close proximity to the newly built Seminole Hard Rock Hotel & Casino. The transaction marks the joint-venture partners second land acquisition planned for multifamily development in the heart of South Florida.
Dania Oaks – Aerial of Project. Rendering courtesy of CFE Architects.
“We see an incredible opportunity to continue providing exceptional housing while minding our environment on this beautiful property surrounded by a tree preserve,” said Larry Baum, managing partner, Stellar Communities. “This is our third development in Dania Beach which boasts an excellent location with strong connectivity to Fort Lauderdale and Miami, and access to major employment and transportation centers, quality schools, and various amenities such as great restaurants and a new casino.”
Designed by CFE Architects, the development will boast lush greenery and water features along with exceptional amenities for residents, including a nature preserve with trails, parks, resort style pool, state-of-the-art fitness center, club room, coworking space, and covered parking for all vehicles including electrical charging stations. The development is designed to meet The National Green Building Standard® (NGBS) and will offer studio to three-bedroom units. The development is slated to be completed by the fourth quarter of 2024.
Clubroom. Rendering courtesy of CFE Architects.
Located only six miles from Fort Lauderdale International Airport and 23 miles from Downtown Miami, Dania Beach has quick connectivity to many employment centers. The Dania Beach/Hollywood submarket has recently seen an explosion of growth, and leading the way is the $800 million Dania Pointe mixed-use project. Dania Pointe will encompass more than 600,000 square feet of retail, restaurant, and entertainment space together with office space, apartment buildings, and hotels.
“We are thrilled to partner with Stellar Communities to enter Dania Beach with this amenity-rich development that will provide residents with outstanding access to some of the absolute best shopping, dining and entertainment venues in the area,” said Omri Sachs, co-founder of Adam America Real Estate. “Our joint-venture partnership with Stellar Communities will allow us to further expand our multifamily development and investment platform in South Florida.”
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
Dania Beach is right under the Fort Lauderdale Airport landing pattern for landings And takeoffs. Good luck with that.
They prob don’t need your luck you peon.