General Contractor ANF Group has broken ground on Sol Vista, an 8-story senior living community located at 11251 Caribbean Boulevard in Cutler Bay, Miami-Dade County. Designed by Burgos Lanza & Associates and developed by MRK Partners and Cypress Equity Investments, this 227-unit affordable housing development will offer one-bedroom apartments reserved for those aged 62 and older and those earning no more than 60% of the Area Median Income (AMI) or approximately $40,980 for one-person households and $46,800 for two-person households. The project is scheduled for completion in mid-2024.
“We are honored to serve as the general contractor for this development at a time when the need for attainable housing for our growing senior population is so vital,” said Al Fernandez, President of ANF Group. “We are proud to be a leader in the production of additional affordable housing units to the Cutler Bay area, specifically meeting this critical need for our fixed-income elders.”
MRK Partners and Cypress Equity Investments are partnering with the Housing Finance Authority of Miami-Dade County, the Florida Housing Finance Corporation, R4 Capital, LLC, and R4 Capital Funding to produce new affordable housing in Miami-Dade County. The project directly addresses the County’s housing shortage by creating these affordable units for low-income seniors, allowing more residents to age in place with rents they can afford. Sol Vista’s affordability will be preserved for 30 + years thanks to a new regulatory agreement on the property.
Sol Vista will offer various amenities to its residents, including energy-efficient devices and appliances, optional in-unit laundry, central air conditioning, and balconies for select units. In addition, there are numerous building amenities such as on-site management, a fitness center, a community room, an outdoor patio on the fifth floor, surveillance cameras, secured building access, and common-area Wi-Fi. The community space also provides a place for gathering and socialization for the senior population, with opportunities for activities such as community meals and card games. Furthermore, the building has EV chargers in its garage, indicating its consideration for environmentally conscious practices and anticipating the potential growth of electric vehicles.