Soleste Seaside, a luxury rental community in Dania Beach developed by The Estate Companies in partnership with Merrimac Ventures, has secured $75 million refinancing from Affinius Capital.
“Affinius Capital has been a great financial partner throughout this transaction, and we appreciate their support,” stated Carlos Lopez, CFO, The Estate Companies.
Standing tall at eight stories, Soleste Seaside is an exceptional Class A mixed-use community, showcasing 340 luxury rental units alongside 12,800 square feet of retail space. The project offers studios, one-, two-, and three-bedroom units, ranging in size from approximately 600 to 1,200 square feet. All residences feature dual master suites, spacious walk-in closets, private balconies, and a full-size washer and dryer, ensuring residents a comfortable and convenient living experience.
The Estate Companies prioritized fostering a sense of community, integrating various social components to encourage connections among residents. The firm delivered outstanding living spaces and incorporated numerous gathering areas to create a positive and vibrant atmosphere. The addition of commercial components introduces dynamic new businesses to the area, further enhancing the overall experience for tenants and neighboring residents.
Soleste Seaside offers an extensive selection of health and wellness amenities and social components, including a resort-style pool deck, state-of-the-art fitness center, outdoor grilling stations, clubroom, and private event space. Additionally, the community adopts a pet-friendly policy, complete with a dog park and pet spa, ensuring residents can fully enjoy their luxurious living experience alongside their furry companions.
The Estate Companies is one of Florida’s largest and most active multi-family development firms with approximately 4,000 rental units and 153,000 square feet of commercial space in the pipeline throughout the tri-county region. The firm has numerous projects in various stages of development including North Miami Beach, four in downtown Hollywood, Davie, Pompano Beach, Lauderhill, Homestead and West Palm Beach.
In addition to Soleste Seaside, The Estate Companies recently completed Soleste NoMi Beach, an upscale rental community located in North Miami Beach, and Alture Westland, a hotel conversion in Hialeah. The firm also completed and sold Soleste Grand Central, Miami’s first large-scale, ground-up opportunity zone development that marked a pioneering achievement for Miami’s real estate landscape.
The Estate Companies is a leading Miami-based full-service vertically integrated developer, owner and operator of residential communities in South Florida. The firm is best known for its institutionally recognized Soleste brand which features Class A multi-family developments throughout South Florida. Its current portfolio features a mix of garden-style, mid-rise and high-rise rental development projects. The firm has numerous projects in various stages of development in the tri-county region. The Estate Companies is led by an executive management team with decades of experience, including in-house expertise in development, acquisitions, finance, architecture, design, construction management, marketing, sales and leasing.
