Davie Developer Inks Loan for $1B Mixed-Use Project

Davie Developer Inks Loan for $1B Mixed-Use Project
News| September 22, 2025| Mike Boyd

El-Ad National Properties secured an $85 million construction loan from Valley National Bank to start construction on The District in Davie, a $1 billion, 2.8 million-square-foot mixed-use residential and commercial project in Broward County, FL.

 

It’s believed to be the largest multifamily development in the town’s history. The District in Davie is being delivered in three phases, beginning with phase one, along with supporting retail, dining, amenities, and parking. Phase one is on track for completion in December 2026.

 

Located at 4801–4999 South State Road 7, The District in Davie will feature five residential towers ranging from 21 to 24 stories, approximately 1,292 rental residences, and 36,000 square feet of restaurants and retail. Each tower will offer studio, one-, two-, and three-bedroom floor plans ranging from 589 to 1,460 square feet.

 

Amenities across the buildings include rooftop pools, 24-hour fitness and spa treatment rooms, outdoor kitchens, game lounges, and a reservable Sky Lounge for indoor and outdoor entertaining.

 

The project’s architectural team includes Cooper Carry of Atlanta. Promethean Builders serves as the general contractor.

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