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Pinnacle Housing Group completes first phase at Kings Terrace in Miami

December 19, 2012 01:30PM

Kings Terrace

Pinnacle Housing Group has completed the first phase of the $53 million Kings Terrace affordable housing community in Miami. The 15-building complex will eventually provide homes for 1,200 residents; the first phase has moved in 200 families, with another three buildings set to deliver in January. “Kings Terrace represents a new beginning for hundreds of families in need and the surrounding neighborhood,” said Mitchell Friedman, partner at Pinnacle Housing Group. “Beyond providing affordable housing solutions, we are also breathing new life into one of Miami-Dade County’s most underserved communities.” Pinnacle received $17 million from the U.S. Department of Housing and Urban Development’s Neighborhood Stabilization Program for the project. — Alexander Britell