Construction has reached the halfway point on The Place At Dania Beach’s new luxury rental units located on the corner of Dania Beach Boulevard an 2nd Avenue. The project is being constructed by AHS Development, whose team currently has seven developments underway in South Florida.
Standing seven-stories, the rental community sits on the 1.96 acre lot left vacant by the demolition of the Dania Beach Hotel at 180 E. Dania Beach Blvd. Plans include 144 units, including six town home style units. There will also be an on site gym and recreation center and a rooftop swimming pool. The rooftop will also feature barbecue grills, a bar, and a sun deck an canopy area for residents to enjoy.
Located in Miami, Florida, AHS Development Group brings more than 100 years of combined experience to a frequently overlooked market. Although south Florida may often be associated with perceptions of excess, it is also home to countless working families and professionals. AHS has created a niche by embracing the housing needs of this demographic.
“Our designs are a response to demand for a workforce housing product that is of high quality, yet affordable for middle-income households,” says Hunter Halten, Director of Planning & Development for AHS. “We take measures that make catering to this market profitable, while meeting current demand.”
In a recent announcement to city officials, Jeremy Earle, Dania Beach Community Redevelopment Agency Executive Director wrote, “I have some GREAT news for you all.” He went on to explain that a groundbreaking ceremony for The Place at Dania Beach, is on the horizon – scheduled for September 3, 2014 at the old Dania Beach Hotel site located at 180 East Dania Beach Boulevard at 9:00 AM.
Dania Beach leaders recently gathered to celebrate the groundbreaking of a $20 million mixed-use project at 180 E. Dania Beach Blvd.
Sitting on 1.93 acres and featuring more than 83,000 square feet, the Place at Dania Beach will include a seven-story residential building with 144 units of lofts and townhomes and a rooftop recreational area, as well as space for restaurants and retail businesses.
By Jennifer LeClair
Avison Young facilitated the sale on behalf of the seller, Asset Recovery X, LLC. The buyer is Village at Dania Beach, LLC, which plans to use the land to develop a residential project. David Duckworth, vice president of Investment Sales with Avison, in a co-listing with Cary Cohen of Flagler Real Estate Services, oversaw the execution of the quick sale of the Dania land parcel. From market to closing the sale took less than four months.
“The Dania Beach land parcel was highly sought after from investors attracted to its unique zoning which allows for the potential development of up to 75 residential units per acre and up to seven stories,” says Duckworth. “The high level of interest in the property is a testament to the potential that developers see in Dania Beach.
”With more than 150 new condo towers proposed for construction in South Florida, the region’s real estate market shows signs of a recovery. Combined with the renovations and expansion of offerings at Dania Jai-Alai, buyer interest in the submarket is on the rise.
Located between Fort Lauderdale and Hollywood, the 1.94-acre development site is less than two miles from the ocean in Dania Beach and minutes away from Fort Lauderdale-Hollywood International Airport. The property is in the East Dania Beach Boulevard Corridor Mixed-Use District, which is in an Enterprise zone encouraging medium- to high-intensity redevelopment of the corridor including retail, office, residential, and lodging.
Just days ago, Bridge Development Partners, a Chicago-based real estate investment firm, has closed on its second land acquisition in 30 days. Bridge snapped up a 16.5-acre industrial zoned land parcel in Dania Beach, FL. In July, Bridge acquired a 15-acre plot of industrially zoned land in Port 95 Commerce Park.
“We’ve carved out a niche in Dania Beach which will separate us from new construction under development in Broward County,” says Kevin Carroll, principal with Bridge in Miami. “With our second land acquisition, our positioning and timing will enable us to fill an important need for new class A construction, as industrial space in Florida is absorbed at a rapid rate.”
Design of the unique structure includes a V-shape that will mask the inner two-story parking garage from the street view, which will be equipped to store 241 vehicles and a storage unit for up to 58 bicycles. Eleven additional spaces will be available on the street along the east side on 2nd Avenue. The eco-friendly garage will also have six electric car charging stations and a green wall, which is wire along the outside of the structure that vines will grow on to make a nature-esque view facing the Hi Li hotel located adjacent to the building’s south side. Trees and extensive landscaping is also planned for the north side of the development to create a welcoming view along Dania Beach Boulevard. The city believes the vast structure will become a focal point to Dania Beach as travelers pass it on the way to the beach.
“This project will bring hundreds of new Dania Beach residents to our city while creating patrons within walking distance of our local businesses along downtown Dania; this is win-win for everyone in the community,” said City of Dania Beach Mayor Marco Salvino, Sr.
The project is a mixed-use residential and retail commercial development which will allow for 8,000 square-feet of retail stores along the north side of the building’s first floor along Dania Beach Blvd. A café is also possible.
Completion is on schedule for the second quarter of 2016.
On September 30, 2016, AHS attended the Latin Builders’ Association (LBA) 2016 Industry Awards Ceremony in Miami, where we received the prestigious honor of “Developer of the Year”, beating out much larger and established competitors such as Related Group and Lennar Corp. As many of you know, the LBA is the largest and most influential real estate trade association in South Florida, and their endorsement of our product speaks volumes about its’ quality and ability to successfully compete in the marketplace. The event, which featured a keynote address from Florida Gov. Rick Scott, was attended by an array of leading figures from South Florida’s business and political circles, and was widely covered by the local media.
Mixed-Use Development Includes Apartments, Townhomes and Stores
A developer obtained a $13.98 million mortgage from Citibank to build an apartment community in the Princeton area of southern Miami-Dade County.
The bank (NYSE: C) provided the loan to Princeton Grove Village, an affiliate of Miami-based AHS Development Group headed by Ernesto Lopes. The loan matures on Dec. 31, 2016 with an addition year extension possible.
The 8-acre property at 13000 S.W. 248th Street was acquired out of foreclosure in 2013. The developer recently started construction of 216 apartments there.
ahs® President Ernesto Lopes said Tuesday the company will ask the city to change the current zoning from condominiums to apartments. Lopes said he’s not yet sure when the project would be ready or what the monthly rental range would be.
“We’re in the very early stages,” Lopes said. “There are still a lot of things we have to plan.”
The year-old company is building 216 apartments in Lake Worth and recently bought land in Lauderhill for up to 250 units, Lopes said.
By Jessica Lizana
Victor J. Blue
South Florida Business Journal
By Paul Owers, Sun Sentinel
By Sara Shell, Forum Publishing Group