Fort Lauderdale-based Merrimac is now joined by Miami-based high-end apartment developer The Estate Companies. The 340-unit project, at 4 North Federal Highway, has been renamed Soleste Cityline, as in Estate Cos.’ Soleste brand of multifamily developments throughout South Florida, according to a press release. The project was originally called Trion at Dania Beach.
Merrimac sold 2.5 acres of land for the planned community on Wednesday to an affiliate of Merrimac and The Estate Cos. for $8 million. Merrimac bought the land in 2017 for $5 million.
The new Soleste community will feature studios to three-bedroom units, with 600 square feet to 1,200 square feet. It will also feature a pool deck, fitness center, outdoor grilling stations, clubroom and private event space. Estate Companies will develop the residential segment and Merrimac will retain the full, nearly 12,800-square-foot retail portion of the project. The developers plan to break ground in the fourth quarter.
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