Housing Trust Group & Elite Equity Development break ground on Phase 2 of the ‘Naranja Grand’ Affordable Housing Community in Leisure City
A joint venture between Housing Trust Group (HTG) and Miami Lakes-based Elite Equity Development, Inc. (EED), has closed on financing and commenced construction on Naranja Grand II, a new $71 million affordable apartment community comprised of 200 residences in Homestead, Southwest Miami-Dade County. Naranja Grand II is the second phase of a comprehensive two-phase development, addressing a critical need for affordable and workforce housing in Miami-Dade County. The first phase of Naranja Grand – which caters to seniors aged 55 and older – commenced construction on its 120 residences in January. The design and construction team for Naranja Grand II includes ATL Architecture, general contractor Gomez Construction, engineer EAC Consulting, interior design by Builders Design, and landscape architecture by Sieger Suarez Architects.