Miami Art & Entertainment District Multifamily Tower Secures $94.5 Million In Financing
The project will total 214,183 rentable square feet, with 427 apartments offering studio, one-bedroom, two-bedroom and 13 townhouse loft units.
The project will total 214,183 rentable square feet, with 427 apartments offering studio, one-bedroom, two-bedroom and 13 townhouse loft units.
The 8-story project will have 328 one- and two-bedroom apartments. Of these, 40 percent will be designated for households with an income at 80 percent of the area median income, while the remaining 60 percent will cater to households with an income at 120 percent.
The project will add 244 new affordable senior housing units in Sweetwater.
The developer plans to transform the shuttered Ramada Inn into a mixed-use community with 251 rental units and 5,500 square feet of retail.
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