A New York developer proposes to knock down a 65,000-square-foot office building in Dania Beach and replace it with a hotel, residential and commercial space. The South Florida Business Journal reports Ralph Braha bought the office property in 2006 for $7.9 million and has waited until now to submit the plans for the mixed-use project. The office, built in 1956, is on a 3.26-acre property at 225 to 255 E. Dania Beach Blvd.
Under the proposal, the site would be redeveloped with 168 condo/hotel units, a 168-room hotel, 19,677 square feet of commercial space, 18 townhouses and 486 parking spaces, including 121 mechanical parking lifts. The project still requires site plan approval from the town.
The project would have three seven-story towers, each with a pool and commercial space on the ground floor. Two towers would have 84 condo-hotel units each, and the third would have all 168 hotel rooms.
Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
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Ponderay Apartments, a 40-unit multifamily property located at 5625 15th Ave NE in Seattle’s University District, sold for $6.26 million, equating to $156,625 per unit. Built in 1963, the property totals 21,540 square feet and consists of 22 one-bedroom units and 18 studio apartments. The studios average 478 square feet, while the one-bedroom units average...
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TruAmerica Multifamily acquired Bricks at Perimeter Center for $120 million. Clark Ventures was the seller of the 446-unit, garden-style apartment community in Atlanta’s Perimeter Center submarket. Clark paid $69.5 million for the property in 2016. TruAmerica will revamp nearly all of the rooms in the complex, which was built in 2007. The company plans to incorporate...
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