Construction on the 380-unit community designed by Nichols Architects is expected to begin in the third quarter of 2024.
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 Architects 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.
The project was previously named the Waves Dania Beach prior to LYND joining Lally, the original landowner, as the development partner.
The partnership owns a development site next door to The Aileron and are approved to build an additional 380 units in the future, which will be phase 2.
Read on >>>> Source: Multi Housing News https://www.multihousingnews.com/lynd-jv-lands-refi-for-miami-area-project-site/