AHS scores construction loan for rental community in south Miami-Dade

Plans are for a 281-unit rental community with 2,810 sf of retail

Deering Groves rental community (Credit: AHS Residential)
Deering Groves rental community (Credit: AHS Residential)

An affiliate of Miami-based AHS Residential just scored a $27.4 million construction loan for its Deering Groves rental community in south Miami-Dade.

Records show the affiliate, Village at Tuscany LLC, scored the loan from Citibank. AHS bought the 9.3-acre plot of land on the southwest corner of Southwest 256th Street and Southwest 137th Avenue in 2014 for $2 million.

Deering Groves, in the Naranja area of Miami-Dade, will be designed by Chisholm Architects. The 281-unit rental community will house one-, two- and three- bedroom apartments, and will feature 2,810 square feet of retail, records show.

AHS plans to open the apartment community by May 2018, according to its website.

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Ernesto Lopes, the company’s president and CEO, did not immediately respond to a request for comment.

The firm, founded in 2012, has its own in-house development, construction and management divisions.

AHS is also building a 175-unit apartment building near the Jackson South Community Hospital. Other projects include its Village at Lake Osborne, a garden-style development in Lake Worth, and its Village at Crystal Lake, a planned 125-unit rental community in Deerfield.