Miami-based firm pays $14m for affordable housing sites on Stock Island

Integra Investments plans to build more than 250 units of affordable housing on Stock Island and another 41 units farther north in the Keys in Islamorada

TRD MIAMI /
Jul.July 07, 2018 03:15 PM

5700 Laurel Avenue on Stock Island (Credit: LoopNet)

Miami-based Integra Investments paid more than $14 million to acquire land for the development of affordable housing on Stock Island, a working-class community located next to Key West.

From December to April, Integra acquired nine acres on Stock Island for the development of more than 250 residential units.

The acquired land on Stock Island is located at three addresses: 6325 First Street, 6125 Second Street and 5700 Laurel Avenue.

Integra also is acquiring property farther north in the Florida Keys in Islamorada, where the company plans to propose construction of 41 affordable housing units.

Integra expects to participate in an initiative to provide more affordable housing in the Florida Keys that Gov. Rick Scott recently announced.

The initiative will result in the issuance of as many as 1,300 new building permits for affordable housing throughout the Florida Keys. [GlobeSt.com] – Mike Seemuth


Related Articles

arrow_forward_ios
Daily Digest Miami

LeBron James’ Unknwn store is opening Dec. 5, Palm Beach Gardens showroom trades for $10M

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

Daily Digest Miami

How Epstein hid ownership of second island, CK Holding Group buys Miramar retail: Daily digest

arrow_forward_ios