Newly completed apartment project in downtown Dania Beach hits the market

Brokers say they expect the 144-unit rental building to fetch upwards of $40M

Miami /
May.May 03, 2018 05:37 PM

The Place at Dania Beach and Cushman & Wakefield’s Robert Given (Credit: Cushman & Wakefield)

A newly completed apartment project in downtown Dania Beach just hit the market.

Developer AHS Residential is listing The Place at Dania Beach unpriced, but a spokesperson for brokerage Cushman & Wakefield said the brokers are expecting it will fetch upwards of $40 million.

The 144-unit rental building at 180 East Dania Beach Boulevard was completed last year and has 6,770 square feet of ground-floor retail. The project features a rooftop pool and amenity deck as well as attached parking.

Cushman & Wakefield’s Robert Given, Troy Ballard, Zachary Sackley and James Quinn have the listing.

Apartments at the seven-story development average 890 square feet, with rents averaging about $1,784 per unit. The project is fully leased and is located just east of Federal Highway on Dania Beach Boulevard, near the recently completed Casino at Dania Beach.

Dania Beach has attracted companies like online pet supply retailer Chewy.com, which has its headquarters in the city’s Design Center of the Americas (DCOTA).

In December, a nearby apartment complex sold for about $90.3 million. The 336-unit property, which was completed by Ram Realty Services and Pinnacle Housing Group in 2016, sold for about $269,000 per apartment.

AHS is also in the midst of completing Deering Groves, a 280-unit rental community in south Miami-Dade. Other projects include a 175-unit apartment building near the Jackson South Community Hospital, and the Village at Crystal Lake, a 125-unit rental community in Deerfield.


Related Articles

arrow_forward_ios
Renderings of Wave 70 and Wave 90

Dania Beach approves 760-unit apartment complex next to Dania Pointe

Dania Beach approves 760-unit apartment complex next to Dania Pointe
Elion Partners' Shlomo Khoudari and Q-Med Corp's Manual Aguero with 2281 Griffin Road in Dania Beach (Photos via Google Maps; Elion Partners; Orthosensor)

Elion Partners pays $32M for Dania Beach industrial property

Elion Partners pays $32M for Dania Beach industrial property
Rendering of Oasis Pointe apartments and Cymbal Development's Asi Cymbal and Hector Torres (Getty, Aztec Group, DLT Global)

Cymbal scores $60M construction loan for Oasis Pointe apartments in Dania Beach

Cymbal scores $60M construction loan for Oasis Pointe apartments in Dania Beach
From left: Jeff Ardizon, Robert Suris, Tony Castro, and Dev Motwani, with a rendering of the project

Developers advance plan for Dania Beach multifamily project

Developers advance plan for Dania Beach multifamily project
A rendering of the project

Developer plans multifamily project in Dania Beach

Developer plans multifamily project in Dania Beach
Asi Cymbal and a rendering of the project

Asi Cymbal closes on multifamily dev site in Dania Beach

Asi Cymbal closes on multifamily dev site in Dania Beach
Peter Brant, Robert S. Taubman, and 1820 South Ocean Boulevard (Credit: Sylvain Gaboury/Patrick McMullan, John Sciulli, via Getty Images, and Google Maps)

Taubman family sells Palm Beach estate to paper mogul for $47M

Taubman family sells Palm Beach estate to paper mogul for $47M
Bradley Arendt, Mika Mattingly and the Gallery of Amazing Things

Gallery of Amazing Things in Dania Beach sells for $10M

Gallery of Amazing Things in Dania Beach sells for $10M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...