A much-needed affordable housing development for seniors has been proposed in St. Petersburg. Our sources indicate that the $37.5 million project, dubbed “Flats on 4th,” will measure four stories above grade.
ANF Group, Inc. recently topped off construction on Douglas Garden Residences in Broward County, a 6-story affordable housing community located at 705 Southwest 88th Avenue in Pembroke Pines. This development will serve as the area’s largest affordable living community for seniors. The project is a collaboration between Miami Jewish Health (MJH), a nonprofit organization providing health care and living services for older adults, and McDowell Housing Partners, a prominent real estate investment and development firm.
A North Palm Beach-based developer has proposed an age-restricted residential community in Sanford, FL. AgeWell Solvere Living will comprise 185,000 square feet of new construction, offering 161 units in a four-story building.
Developer Horizon at NoMi LLC has secured a $48 million construction loan for the Residences at NoMi, an affordable housing development for seniors in North Miami.
Developers are hoping to get approval for Madison Terrace, an age-restricted housing community in Lake Worth, Florida. Documents show that the multifamily complex would comprise two six-story buildings, offering 176 homes.
