Miami’s workforce housing project secures $12.5 million construction loan

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Prestige Cos. and Florida Value Partners have secured a $12.5 million construction loan for their housing project in Miami.

Trails is a workforce housing project located on the Ludlam Trail at 1040 SW 70th Ave. It will be completed in two phases.

The first phase includes two- to three-story garden-style buildings with 84 residential units, while the second phase will offer five three-story buildings and a total of 230 units.

The development will include an outdoor workout area and a dog park.

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