Developer scores construction loan for dual-branded Marriott hotel at Dania Pointe

$800M project calls for 800K sf of retail, 500K sf of office, two hotels and resi units

Miami /
Feb.February 06, 2019 04:30 PM

Rendering of Dania Pointe hotel

Economos Properties closed on a construction loan for a dual-branded Marriott hotel at Dania Pointe, a major mixed-use project in Dania Beach.

Boca Raton-based Economos, led by Nicholas Economos Jr., secured a $52.5 million loan from Citizens Bank for the 420,000-square-foot hotel complex, property records show. The $75 million hotel, which will consist of a full-service Marriott and an AC Hotel by Marriott, is part of the $800 million, 102-acre development.

Kimco Realty is the lead developer of the project, just east of I-95 at Stirling and Bryan roads. When it’s completed, Dania Pointe will have 800,000 square feet of open-air retail space, 500,000 square feet of Class A office space and more than 1,000 apartment and condo units.

The hotels will be built above 25,000 square feet of retail space, and will feature separate sky lobbies, ballrooms and meeting space, and an amenity deck with an infinity pool, pool deck, spa and gym. The 14-story Marriott will have 196 rooms and the AC hotel will be 11 stories tall with 154 units.

It’s set to be completed in 2020, in time for the Super Bowl, which is being held in Miami.

Retail tenants include Brandsmart USA, Lucky’s Market, Ulta Beauty, Starbucks, Outback Steakhouse and Burger King.

In September, Meyers Group closed on a $35 million construction loan for the first phase of Avery Dania Pointe, a luxury rental development at the project. The first phase, consisting of an eight-story, 264-unit luxury apartment building, is slated to open the first quarter of 2020.


Related Articles

arrow_forward_ios
Shore Park building with Gloria and Emilio Estefan (Douglas Elliman, Getty)
Ocean Drive property owned by Gloria and Emilio Estefan lists for $45M
Ocean Drive property owned by Gloria and Emilio Estefan lists for $45M
Ronny Finvarb and a rendering of the hotel (GEK Architecture)
Miami Beach residents rally against proposed hotel in Sunset Harbour
Miami Beach residents rally against proposed hotel in Sunset Harbour
(Photos courtesy of Miami Historic Preservation, Smith Aerials, Colliers)
Development site near MiamiCentral hits the market
Development site near MiamiCentral hits the market
Joseph Chetrit and a rendering of the Collins Park project (Getty, Kobi Karp)
Chetrit scores $63M construction loan for long-planned Collins Park hotel in Miami Beach
Chetrit scores $63M construction loan for long-planned Collins Park hotel in Miami Beach
Alliance Residential Company CEO Bruce Ward and 6595 Morikami Park Road (Google Maps)
Alliance Residential buys site, scores $46M construction loan for senior apartments in Delray Beach
Alliance Residential buys site, scores $46M construction loan for senior apartments in Delray Beach
Fontainebleau Miami Beach, Jeffrey Soffer and former President Donald Trump (Ebyabe/Wikipedia, Getty, iStock)
Gambling portability a no-go in Florida this year for Jeffrey Soffer, Trump
Gambling portability a no-go in Florida this year for Jeffrey Soffer, Trump
Arbor Management Acquisition Company heads Ivan Kaufman and Maurice Kaufman with a rendering of Aventura Park (Anillo Toledo Lopez, iStock)
Arbor Management buys multifamily dev site near Aventura for $10M
Arbor Management buys multifamily dev site near Aventura for $10M
Setai Miami Beach and owners Joe, Ralph and Avi Nakash. (Setai)
Setai Miami Beach bans unwelcome hotel guest from using amenities: lawsuit
Setai Miami Beach bans unwelcome hotel guest from using amenities: lawsuit
arrow_forward_ios

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

Loading...