DAVIE, FLA. — El-Ad National Properties has secured an $85 million construction loan for The District in Davie, a $1 billion, 2.8-million-square-foot mixed-use development currently under construction in Davie. According to the developer, the financing, provided by Valley National Bank, will enable vertical construction to continue. The project will feature five residential towers ranging from 21 to 24 stories containing approximately 1,292 rental residences, 36,000 square feet of restaurant and retail space and 1.1 million square feet of access-controlled parking with 2,650 spaces. Each tower will offer studios and one-, two- and three-bedroom floor plans, some with dens. The developer will deliver the project in three phases. Phase I is slated for completion by December 2026. Cooper Carry is the architect, and Promethean Builders is the general contractor.
El-Ad National Properties has secured a loan to proceed with vertical construction of The District in Davie, a $1 billion apartment and commercial project 12 miles west of Fort Lauderdale.
El-Ad Secures $85 Million for Broward County Mixed-Use Project
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