The Real Deal Miami

Related’s $7.4M affordable housing project opens in Miami

34-unit building in Shenandoah is fully leased
March 05, 2015 12:00PM

Affordable housing

Edificio Piñeiro in Shenandoah

Related Group’s affordable housing division celebrated the grand opening of a 7.4 million affordable housing community in Miami’s Shenandoah neighborhood Thursday morning.

Edificio Piñeiro, an affordable elderly rental building developed by Related Urban, will house extremely low income seniors, according to a press release. City of Miami Mayor Tomas Regalado, Commissioner Francis Suarez, Miami-Dade County Commissioner Bruno Barreiro and Related Urban principal Alberto Milo Jr. attended the event.

The three-story building, at 1176 Southwest 20th Avenue, was built on 30,000-square-foot site of a now-demolished vacant building.

Edificio Piñeiro has 32 one-bedroom, one-bathroom units and 2 two-bedroom, one-bathroom units, which includes on-site parking, a multi-purpose room and a computer room. The building is fully leased.

“With the reopening of Edificio Piñeiro, Related Urban is taking another step towards giving the city’s neediest residents a place they can be proud to call home. Everyone is entitled to a clean, pleasant and affordable residence,” Milo said in the press release.

Funding for the project came from the Department of Community & Economic Development, Department of Housing & Urban Development, and Miami-Dade County General Obligation Bonds. — Katherine Kallergis