Alonzo Mourning’s Overtown project tops off

$23 million, 84-unit project will be completed next year

TRD 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
Marcus Samuelsson and exterior shot of Red Rooster construction (Credit: Getty Images)

Marcus Samuelsson’s Red Rooster Overtown restaurant is almost ready

Rent reform is propelling a new wave of New York and California investors to Miami (Credit: iStock)

Rent reform in New York, California propels new wave of multifamily investors to Miami

Jorge Pérez with renderings of the projects

Related Group, Atlantic Pacific seek approvals for mixed-use apartment projects

Daily Digest Miami

Partner at Miami law firm resigns amid conflict of interest allegation tied to zoning issue, Redfin will disclose commissions in this US city: Daily digest

(Credit: iStock)

Three arrested in South Florida affordable housing scam

Starwood Capital CEO Barry Sternlicht and the Summerlake Apartments

Starwood Capital pays $11M for affordable housing complex in Davie

Praxis of Deerfield Beach Apartments and MRK Partners CEO Sydne Garchik

Affordable senior housing in Deerfield Beach sells for $24M

Michael Tillman and Soleste Grand Central

Overtown Opportunity Zone project snags $55M loan

arrow_forward_ios