1396 NW 36TH ST, ALLAPATTAH, FL
Integra Investments and Elderly Housing Development & Operations Corp., or EHDOC, invested $58 million to develop the 13-story, 271 unit affordable senior housing project in Miami’s Allapattah neighborhood.
Miami-based Integra is a private equity and real estate developer, led by Paulo Tavares de Melo. EHDOC is a national nonprofit organization that develops and manages affordable housing for seniors. Based in Fort Lauderdale, it is led by Melanie Ribeiro.
A company tied to Integra bought the land in 2017 for $3.8 million, according to records.
The development, called Mosaico, will sit on 1.2 acres. It was financed with 4 percent low income housing tax credits and a $45.5 million in tax exempt bonds issued by the Housing Finance Authority of Miami-Dade County. The project will have a HUD project-based voucher subsidy administered by Miami-Dade County Public Housing & Community Development, according to the release.
Boston Capital provided the LIHTC equity capital and R4 Capital Funding provided the construction and permanent financing.
The community will include 179 one-bedroom units, 92 studios and four townhomes. Amenities will include a fitness center, library, computer center and rooftop community garden. Mosaico was designed by CC Hodgson Architectural Group, which specializes in elderly housing.
The Gateway is designed by International Design Engineering Architecture (IDEA) and would be built in two phases. The current proposal calls for 100,800 square feet of office space, 7,200 square feet of retail, 21,760 square feet of convention space, 167 hotel rooms and 492 parking spaces.Read more
Situated on more than 120 feet of prime oceanfront, our 10 residences and 4 penthouses are each as classic as the 14 rock musicians they’re named after. Artistry, inspiration, style, and elegance exude from each residence which were designed by famed South Florida architect Randall Stofft.Read more