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

Developer reduced heights of Wave 70 and Wave 90 from 210 feet to 188 feet to win approval

Miami /
Jan.January 14, 2021 10:30 AM
Renderings of Wave 70 and Wave 90

Renderings of Wave 70 and Wave 90

Dania Beach commissioners narrowly approved downsized development plans for Wave 70 and Wave 90, a two-building, 760-unit apartment complex just east of the mixed-use Dania Pointe.

Commissioners voted 3-2 Tuesday night in favor of separate site plans, plat proposals and development guidelines for Wave 70 and Wave 90, two identical 380-unit apartment buildings to be built along a canal on the east side of Bryan Road, directly across the street from Dania Pointe.

Consulting firm Kimley-Horn proposed the 15-story apartment complex as a mixed-use property with commercial space, on behalf of the owners of the three-address development site, 50 and 70 South Bryan Road and 90 North Bryan Road.

After the property owners initially proposed the two-building project to the city commission on Oct. 13, they lowered the height of both buildings from 210 feet to 188 feet, largely by slashing the commercial space in each building from 48,000 square feet to 19,700 square feet.

The property owners also have discussed noise mitigation since October with residents of the Northwest Byrd Point neighborhood, located directly across the C-10 Canal from the development site, which is now used primarily for boating-related businesses.

Michael Lally, the lead developer of 70 Wave and 90 Wave, did not respond to a request for comment.

The 5.8-acre development site for Wave 70 and Wave 90 is part of a 11-acre block along Bryan Road where a third apartment building called Oasis Pointe Waterfront Residences is planned for the south side of the block. A pedestrian walkway along the canal would link Wave 70 and Wave 90 and Oasis Pointe.

Miami-based Cymbal Development, the developer of Oasis Pointe, paid $4.8 million in July to acquire the site of the project and closed a $60.3 million construction loan in December to finance its construction. The eight-story, 301-unit apartment building will feature a boat club with 19 slips.

Asi Cymbal, president of Cymbal Development, worked with three companies that owned the site of 70 Wave and 90 Wave to get the entire block rezoned for residential construction in October 2019. The three companies were Dania Beach Marina Corp., NV Marina Holdings LLC, and RJ Marina Holdings LLC. Lally manages Dania Beach Marina and RJ Marina Holdings. NV Marina Holdings was voluntarily dissolved in November, according to state records.

Dania Beach Mayor Tamara James voted against all four resolutions to approve the 70 Wave and 90 Wave development, citing concerns about wastewater capacity and a lack of collaborative planning by Lally and residents of the Northwest Byrd Point neighborhood.

“The project is beautiful, but it doesn’t represent the community,” James said. “I haven’t received one email in favor of this project.”


Related Articles

arrow_forward_ios
The Buena Vista Gardens in Little Haiti (Apartments.com)
Bowery Properties buys Little Haiti apartment portfolio for $12M
Bowery Properties buys Little Haiti apartment portfolio for $12M
Walton Street Capital Managing Partner Eric Mogentale with the complex (Alta Developers, Walton Street Capital)
Walton Street Capital buys Boynton Beach apartments for $93M
Walton Street Capital buys Boynton Beach apartments for $93M
Avery Pompano Beach apartments with Yaakov Frankforter of Frankforter Group (LinkedIn via Frankforter, Avery Pompano Beach)
Frankforter Group buys Pompano Beach apartments for $43M
Frankforter Group buys Pompano Beach apartments for $43M
The Johnson and Wales campus and PMG principals Kevin Maloney and Ryan Shear (PMG)
PMG pays nearly $60M for Johnson & Wales North Miami campus
PMG pays nearly $60M for Johnson & Wales North Miami campus
Louis Puig and 333 Jefferson Avenue in South-of-Fifth (Google Maps)
Former Club Space owner buys South Beach apartments for short-term rentals
Former Club Space owner buys South Beach apartments for short-term rentals
Westdale president and CEO Joe Beard and Jeff Ardizon and Robert Suris of The Estate Companies with Soleste Bay Village (Estate, Soleste Bay Village)
Estate Companies sells Palmetto Bay apartment complex for $58M
Estate Companies sells Palmetto Bay apartment complex for $58M
The Devon Apartments in North Beach (Google Maps)
North Beach apartment building deemed unsafe, ordered evacuated
North Beach apartment building deemed unsafe, ordered evacuated
Royal Palm Companies CEO Daniel Kodsi with renderings of the project (LinkedIn via Kodsi, Royal Palm Companies)
Royal Palm Cos. scores $65M construction loan for Dania Beach multifamily
Royal Palm Cos. scores $65M construction loan for Dania Beach multifamily
arrow_forward_ios

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

Loading...