Delmas North LLC is one step closer to breaking ground on an 80-unit apartment complex, thanks to the security of a $16.5 million construction loan.
Our sources indicate that the Delmas North Apartments will measure six stories above grade, offering homes measuring 557 to 1,057 square feet each. As an affordable housing development, residency will be available to people earning up to 120 percent of the area median income (AMI). At the time of publication, the HUD noted that the average household income in Miami-Dade was $79,400.
While there would be no major amenities to keep construction and operation costs low, there will be 141 parking spots, about 1.76 per unit. The South Florida Business Journal notes that Delmas North LLC secured approval for the project in early 2023. The Miami-based firm purchased the vacant 1.9-acre site from Pinecrest Rehabilitation Center for $675,000 that same year.
The Delmas North Apartments will require 77,971 square feet of new construction. Delmas North LLC is both the general contractor and developer. Cabrera Ramos Architects designed the complex. Construction is expected to last 18 months from the start of groundbreaking.
The Delmas North Apartments is slated for the site of 13650 N.E. Second Court, Miami, FL, 33161, in Miami-Dade County.
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