Florida Construction News staff writer
Construction has started on Flagler Villas, a transformative affordable housing project for seniors in Miami’s District 4. The six-story building will provide 60 one-bedroom apartments for seniors over 60.
The project is being built on a 25,000-sq. ft. plot of land Related Urban is leasing from the city of Miami at 5215 W. Flagler Street.
Related Urban is the general contractor and will remediate the soil impacted by the site’s former use as a gas station.
The units will all be set aside for seniors at or below 30% of Miami-Dade County’s area median income.
“By providing affordable housing for seniors, we’re creating a place of dignity and stability for some of the city’s most vulnerable citizens,” said Albert Milo, Jr. president of Related Urban. “Every project we undertake is driven by our mission to provide quality, affordable housing to those who need it most.”
The development received $3.9 million from the city of Miami’s Forever Bond, $1.6 in Home Partnership funds from the U.S. Department of Housing and Urban Development, a construction loan from South State Bank, and low-income housing tax credit (LIHTC) equity from Raymond James.
Construction is expected to last 15 to 18 months and, along with the six-story building, the site will include amenities such as an outdoor domino terrace, a laundry room, a club room, and a computer lounge.
