Alonzo Mourning’s Overtown project tops off

Miami /
Nov.November 06, 2015 11:15 AM

NBA legend Alonzo Mourning and Housing Trust Group recently celebrated the topping off of the first phase of their affordable housing project in Miami’s Overtown neighborhood. 

The developers held a playground ribbon cutting ceremony on Tuesday for the nearly $23 million, 84-unit Courtside Family Apartments. The project includes 10 one-bedroom, one-bathroom units; 53 two-bedroom, two-bathroom units; 21 three-bedroom, two-bathroom units and four live-work units.

Courtside broke ground in July and construction will be completed by August 2016, according to a press release. Mourning’s AM Affordable Housing was granted a 65-year lease for four acres at the Miami-Dade County’s Culmer Center in 2008 after the company won a bidding process for the project. Phase II will be for senior housing with 120 units and phase III will include 80 units.

Developers scored $21 million in financing for the project in April. Amenities for the first phase will include a computer lab, library, gym, basketball court and playground.

Housing Trust Group is also working on Wagner Creek Apartments, a 73-unit affordable housing project in Miami. The $22 million development, at 1501 Northwest 13th Court, is near the Miami River and the Health District. — Katherine Kallergis and Sean Stewart-Muniz 


Related Articles

arrow_forward_ios
249 Northwest 6th Street and Michael Swerdlow (Arquitectonica, Swerdlow Group)
Michael Swerdlow’s Block 55 in Overtown lands nearly $8M affordable housing grant
Michael Swerdlow’s Block 55 in Overtown lands nearly $8M affordable housing grant
Mayor Francis Suarez (Getty, iStock)
Tibor Hollo, Pam Liebman and Housing Trust Group latest to donate to Miami mayor’s campaign
Tibor Hollo, Pam Liebman and Housing Trust Group latest to donate to Miami mayor’s campaign
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Citywalk Apartments at 415 Northwest Ninth Street (Courtesy of The Porosoff Group)
Multifamily complex in Overtown Opportunity Zone hits market for nearly $12M
Multifamily complex in Overtown Opportunity Zone hits market for nearly $12M
Make-A-Wish South Florida CEO Norman Wedderburn and 350 Northwest Sixth Street (Getty, Google Maps)
Make-A-Wish pays $8M for Overtown dev site
Make-A-Wish pays $8M for Overtown dev site
Lennar Executive Chairman Stuart Miller (iStock)
“The home used to be just shelter. Now it is the hub of our entire lives”: Lennar reports strong Q4, full-year results
“The home used to be just shelter. Now it is the hub of our entire lives”: Lennar reports strong Q4, full-year results
Rent-to-own startup Divvy Homes expands to South Florida
Rent-to-own startup Divvy Homes expands to South Florida
Rent-to-own startup Divvy Homes expands to South Florida
Ben Schachter, Sean Black and Mike Pappas (Signature, Getty, Keyes)
Knock expands home lending program into South Florida 
Knock expands home lending program into South Florida 
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...