Developer Prospera Real Estate Collective is in the process of securing a two-acre parcel where it hopes to build a townhome community. Its project, dubbed “Faith Place,” will offer 40 townhomes, measuring 866 to 1,100 square feet each.
The South Florida Business Journal notes that while layout plans don’t come with garages, there will be 69 parking spots. The goal is to increase the affording housing options in the region, although these will not be officially designated as affordable housing units.
A streetside view of the future build site.
Ellen C. Buckley, the head of Prospera, told sources that the general contractor will rely on “sustainable and cost-effective building materials” to drive down the cost of homeownership. Prospera Real Estate Collective is in the works to purchase the build site from the Faith Community Baptist Church. It’s not seeking public incentives to complete the venture.
Wells Fargo provided the funding. Lauderhill-based Stuart Architecture is the architect. Conceptual renderings show a community comprising what appear to be both one-story and two-story homes. Before the start of construction, the developer will have to secure a rezoning arrangement.
Developers have purchased land from a Miami-Dade church.
Right now, the property is a RU-2, which is the zoning for duplexes and other single-family homes. The property needs RU-3M designation. Faith Place could evolve at 10401 NW 8th Avenue, Miami, FL, 33150, in Miami-Dade County.
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