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A Government-Owned Lot Near Wynwood Is Up For Grabs. These Five Developers Want it.

Miami-Dade wants a library and county offices in Wynwood Norte — and is putting its land into the deal. Five local developers now are vying for the action.

Three adjacent county-owned parcels in the city of Miami, at the northwest corner of Northwest 29th Street and Northwest Second Avenue, just across the street from Midtown Miami, are up for bid as part of the Request for Proposal issues in July by the Miami-Dade Strategic Procurement Division, according to the county solicitation page on BidSync. The deal comes with a 50-year lease and the potential for two 20-year renewals.

Under the RFP, the developer must incorporate a total of 10,000 square feet for a public library and office space for county officials on the site, currently home to the De Hostos Senior Center. The site covers almost an acre.

In the running: New Urban Development, Integra, Related Urban Group, Buslam and the South Florida Community Land Trust. All submitted proposals by the early November deadline. The county will select the firm by January 2021.

Only Integra agreed to comment for this article.

The firm envisions a $50 million mixed-use development on the site, said Jake Morrow, head of Integra Investments’ Interurban. The 12-story, 265,000-square-foot project would include 14,000 square feet of ground floor retail space, a second floor with a 5,000-square-foot library and 5,000 square feet of county office space. The tower would feature 160 affordable housing units for seniors and income-limited workforce housing apartments.

Integra partnered with the Sunrise-headquartered Elderly Housing Development & Operations Corporation, or EHDOC, on the proposal. The two firms also are co-developing an affordable housing community for seniors in Allapattah.

In recent years, developers have zoomed in on the Wynwood area, with a flurry of office, residential and mixed-use projects, including 545 Wyn, Wynwood Green and Wynwood Square. In October, Miami commissioners approved a neighborhood-led development plan for Wynwood Norte and a new streetscape plan for Wynwood.

 

Source:  Miami Herald

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$58M Affordable Housing Development For Seniors Underway In Trendy Allapattah

Seniors seeking affordable housing near art, barbecue and the Health District can soon look to Miami’s up-and-coming Allapattah neighborhood.

The Downtown Miami-based Interurban, a branch of Integra Investments, and the Sunrise-headquarterd property management company Elderly Housing Development & Operations Corporation, or EHDOC, are developing Mosaico, an affordable housing community for seniors.

The 13-story, 290,000-square-foot building will have 271 units, 92 studios and 179 one-bedroom, one-bath units. Amenities include a gym, computer lab, library, laundry room, and rooftop garden.

Mosaico will sit on 1.2 acres at 1396 NW 36th St., two blocks from the Allapattah Metrorail Station north of the University of Miami School of Medicine, Jackson Health and Bascom Palmer Eye Institute — and a short walk to the Rubell Museum, the soon-to-open Superblue art space and Hometown Barbecue in the emerging Allapattah neighborhood. Construction began in September and is expected for completion by late 2021.

“Miami is one of the most significantly rent-burdened markets in the country,” said Jake Morrow, head of Integra Investments’ Interurban. “The pandemic has exacerbated the dire need for affordable housing, especially for the area’s elderly population whose income far too often consists of only Social Security income.

“To serve the community’s needs, Interurban is committed to providing high-quality housing at affordable rents,” he said. “The pandemic has heightened the need for affordable housing. I think that we can see upward pressure on market rents due to an influx of residents from northern cities.”

EHDOC did not immediately respond.

The firms are using low income housing taxing credits syndicated by Boston Capital and tax-exempt bond construction financing from the Housing Financing Authority of Miami-Dade County, which are underwritten and administered by R4 Capital, for the $58 million project.

Interurban and EHDOC hired the architect firm C.C. Hodgson Architectural Group to design the project.

The firms expect to rent the 450-square-foot studios to single seniors and 580-square-foot one-bedroom units to couples. All units are reserved for households with average incomes at or below 60% of the area median income, which is $59,100. In other words, prospective residents cannot earn more than $38,400 per year to qualify.

Residents would spend 30% of their income on rent and would need a Section 8 voucher, administered by the U.S. Department of Housing and Urban Development.

Seniors interested in living in Mosaico must first register on the Miami-Dade Public Housing and Community Development general waiting list at miamidade.gov for affordable housing in Miami.

Integra, founded in 2009, launched Interurban in 2017. In recent years it has focused on mixed-use, market-rate projects; Mosaico and Las Brisas Trace, in Brownsville, near Liberty City, are its first affordable housing developments.

EHDOC operates 55 senior living communities nationwide, including in Florida, Illinois, California, and Ohio.

Mosaico and Las Brisas are among the growing affordable options for local seniors, often strapped by the region’s notoriously high housing costs. Earlier this year, Related Urban announced Lincoln Gardens, a Brownsville project due to open in 2022; and expansion of affordable project Brisas del Este, also in Allapattah at NW 18th Avenue and NW 29th Street, due for completion in 2022. Earlier this year, Pinnacle Housing Group opened Caribbean Village in Richmond Heights in southern Dade and Carrfour Supportive Housing opened a complex for LGBQT seniors in Wilton Manors.

 

Source:  Miami Herald

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