Know about market updates

Alonzo Mourning’s Overtown project tops off

Alonzo Mourning’s Overtown project tops off
$23 million, 84-unit project will be completed next year
November 06, 2015 11:15AM

An aerial view of the Courtside Apartments’ construction site in Overtown

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.
Photo 1 from left: Commissioner Keon Hardemon, commissioner Audrey Edmonson, Matthew Rieger of the Housing Trust Group and Allen Furst of AM Affordable Housing. Photo 2 from left: Matthew Rieger of the Housing Trust Group, children on the community’s new playground and commissioner Audrey Edmonson

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 

Source: The Real Deal

Leave a Reply

Your email address will not be published. Required fields are marked *