Construction on Pinnacle at La Cabana could start in January 2024. The affordable five-story housing complex will offer 110 units, with 65 one-bedroom units and 45 two-bedroom units.
Related Companies has acquired Sorrento, an affordable housing community in Miramar, Florida, from Zom Foxcraft, an entity tied to ZOM Living and NRP Group for $48.2 million, equating to $150,625 per unit. The 320-unit, garden-style apartment community offers LIHTC income-restricted apartments at 8991 and 9577 Southwest 41st Street. The property was completed by ZOM Living in 2012 and was originally financed through the federal Low Income Housing Tax Credit Program and various state and county debt financing programs.
Manor at Miramar, an 8-story mixed-use project under construction a 1 Main Street, has topped off in the heart of Miramar, FL. Designed by Stantec and developed by Related Group, the development will offer 393 residential units, a 655-space parking garage and 28,000 square feet of ground-level retail space. Current Builders, led by CEO Michael Taylor, is the general contractor for the project, which is slated for completion in Q3 2023.
The City Commission of Miramar has approved rezoning efforts from Dallas-based Trammell Crow Residential, which rezones two parcels of land totaling 17.16 acres located on the northwest corner of Miramar Parkway and Southwest 145th Avenue in Broward County. First reported by The Real Deal, the Commission unanimously voted to rezone the development site from Community Business (B2) to Mixed-Use Low (ML), that of which includes an existing 4-story office building and the 9-acre section of land that the developer intendeds to improve with two 6-story residential buildings called the Alexan Miramar.