Pinnacle Housing is hoping to get funding for a senior housing development in Broward County. The project, named Pinnacle at Cypress, would measure eight stories above grade and require 115,623 square feet of new construction.
At full buildout, it would yield 101 one-bedroom apartments, averaging 680 square feet each. Additionally, plans call for 52 ground-floor parking spots, averaging to less than one per unit. Yet, the developer has an agreement that residents could park in the adjacent hotel’s parking garage.
The venture would replace an office building. Image from Google Earth
Aside from the residential aspect, plans call for 5,066 square feet of office space for the MS Foundation, a local non-profit organization focused on serving people living with multiple sclerosis.
Pinnacle Housing currently has the 1.8-acre site under contract Poliakoff Becker & Strietfeld LLP. If plans come to fruition, Pinnacle at Cypress would replace the 15,847-square-foot office on the build site that’s currently occupied by the MS Foundation.
Yesterday, Pinnacle Housing requested a low-interest $640,000 loan from the City of Fort Lauderdale to make the project possible. Approval rode on the developer’s ability to get tax credits from the Florida Housing Finance Corp.
Kaller Architecture, based in nearby Hollywood, designed the mid-rise community. Pinnacle at Cypress could unfold at 6520 N Andrews Ave., Fort Lauderdale, FL, 33309, in Broward County.
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Would like to know do yall have a two bedroom available