A joint venture between LYND and Dania Beach Marina Corp. has received a $12 million loan to refinance a 2.91-acre development site in Dania Beach, Fla., in metro Miami.
The partners are planning to use the land for the construction of The Aileron, a 380-unit multifamily tower across from Spirit Airlines’ headquarters. Work on the project is expected to begin in the third quarter of 2024.
Kast Construction is the general contractor, while Nichols Brosch Wurst & Wolfe serves as the project’s architect. The 15-story tower is the first phase of a larger development that is set to include a second 380-unit building.
Upon completion, The Aileron will feature studio, one-, two- and three-bedroom layouts, ranging between 627 and 2,222 square feet. The high-rise will also comprise some 20,000 square feet of ground-floor retail space.
Common-area amenities will consist of a fitness center, two swimming pools, a spa, a yoga and a Pilates studio, along with a community lounge, community kitchen and a rooftop bar. In addition, the project is set to include approximately 700 parking spots. Dania Beach Marina Club, adjacent to the property, will provide boat slips and electronic boat rentals.
Located at 90 S. Bryan Road, the property will be close to Dania Pointe Shopping Mall and a host of dining options. Oakwood Plaza and a Publix will be a mile away, while Fort Lauderdale-Hollywood International Airport will be some 2.5 miles north. Downtown Miami is 22.5 miles southwest from the site. The development is within walking distance of Oasis Pointe Residences, a 301-unit community that was refinanced earlier this year.
