More than 1,000 affordable units are planned across Miami-Dade County, as part of a county program to redevelop its aging public housing complexes.
Miami Beach-based Redwood Dev Co and Miami-based Integra each scored deals to redevelop public housing with a combined 1,049 new units, and will lease the sites from the county. Commissioners voted in favor of the items at their meeting on Wednesday.
Redwood, led by David Burstyn and Brian Sidman, plans the majority of units in three projects.
The firm plans to replace a portion of the Annie Coleman 14 public housing site with 287 affordable units in three eight-story buildings, 36 townhouses and 4,800 square feet of retail, according to Miami-Dade records. The project will replace the existing 73 public housing units, and the 36 townhouses can be rented or purchased, including using Miami-Dade affordable homeownership programs such as downpayment assistance. The site is at 2415-2479 and 2494 Northwest 50th Street and 2600 Northwest 48th Street in an unincorporated area of the county.
Redwood also plans to redevelop the Gwen Cherry 07 public housing site with an eight-story, 150-unit affordable building reserved for renters 62 and older. It will also replace Lemon City public housing with an eight-story, 260-unit affordable apartment building, county records show. The projects will have a combined 12,300 square feet of retail. The properties are at 170 Northeast 67th Street, 6850 and 6860 Northeast Second Avenue, and 185, 147 and 137 Northeast 68th Terrace in Miami.
Redwood is co-developing the projects with Coconut Grove-based Magasi Management, a property management firm, according to Burstyn. The projects will target households earning an average of 60 percent of the area median income, with some units designated for renters earning as low as 30 percent of the AMI.
Developer Integra also scored approval to replace a 60-unit portion of the Annie Coleman 14 complex at 2101 Northwest 52nd Street with 316 apartments, county records show.
All the projects will give current residents the first right to move in.
The developers will sign 99-year leases for the county-owned sites.
Miami-Dade is using the federal Rental Assistance Demonstration program to redevelop and modernize about 7,000 of its public housing units. The developers generally finance the projects through low-income housing tax credits, which are disbursed by the state and maintain Section 8 vouchers on the properties.
In Miami’s Little Havana, the Pérez family’s Related Group plans the 115 affordable rental Gallery at Little Havana project on the site of the existing three-story, 28-unit public housing building at 1275 Southwest First Street.
South Florida has been plagued by a lack of affordable housing for decades. The influx of out-of-state residents during the pandemic exacerbated the issue due to unprecedented demand for apartments and record rent growth.
Developers have responded by building below-market rate units, which tend to lease up quickly and are less affected by higher interest rates because they are largely financed by state and local governments.
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