Atlantic | Pacific breaks ground on Fort Lauderdale affordable housing

Phase five will include 100 new units and 100 redeveloped units in Northwest Gardens

TRD MIAMI /
Apr.April 26, 2016 02:15 PM

The affordable housing arm of Atlantic | Pacific Companies broke ground on a new LEED certified development recently. 

Northwest Gardens V is the fifth phase of the city of Fort Lauderdale housing authority’s redevelopment project. When completed in December, it will include 100 new construction units and 100 redeveloped units at 700 Northwest 12th Avenue and 100 Southeast 18th Avenue in Fort Lauderdale, with amenities like a fully furnished clubhouse, a computer lab, library, community gardens and a bocce ball court.

The community features studio, one-, two-, and three-bedroom apartments, according to a press release. The Northwest Gardens project is the first in the Southeastern U.S. to be pre-certified LEED Neighborhood Gold. All of the units will be set aside for residents, aged 55 and up, making 60 percent or below the area median income.

Last year, Atlantic | Pacific Companies grew its South Florida portfolio by 2,000 residential units. The company’s property leasing and condo association management division added properties in Brickell, the Miami Design District, Miami Beach, Fort Lauderdale and Delray Beach. And in 2013, A|P acquired Carlisle Development Group’s affordable housing division.

Several affordable housing projects are under development in South Florida. Nearby in Fort Lauderdale, Housing Trust Group opened Village Place Apartments, a $25 million affordable housing project for seniors, in April. Those units target residents aged 55-and-older who earn between 25 percent and 60 percent of the area’s median income.

In Miami’s Overtown neighborhood, where affordable housing is on the rise, A|P and Palmetto Homes are building Island Living, an eight-story building with 70 units and ground-floor commercial space.

 

Related Articles

arrow_forward_ios
LeBron James with a rendering of Unknwn Wynwood (Credit: Getty Images)

Renderings revealed: River Parc master plan, Unknwn’s Wynwood store

Daily Digest Miami

1111 Lincoln inks retail lease with Yoyoso, Miami-Dade and Related Urban reveal massive affordable housing plan

Rendering of Sailboat Bend II

Affordable housing project in downtown Fort Lauderdale lands $27M loan

Commissioner Steve Geller and map showing areas of Broward County designated as “commerce” and “activity center”

Broward moves to expand affordable housing supply by amending land-use plan

JP Morgan's announces $5M investment in affordable housing in South Florida at the Black Archives Historic Lyric Theater in Overtown on Wednesday

JPMorgan to invest $5M to build 150 new affordable rentals in South Florida

Rendering of The Residences at Equality Park and Stephanie Berman

Financing in hand, Florida’s first LGBTQ+ senior housing development breaks ground

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

arrow_forward_ios