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Affordable Housing planned for Midtown Miami

By
Real Estate Agent with Sheryl Goldberg, LLC.

Housing project offers luxe living for $375 a month.

 
 
 
  
One of Brickell’s remaining new construction condominiums might cost a buyer less than $400 per square foot.

But a new affordable housing project near Midtown is offering nearly identical amenities — for less than $400 per month.

The new Vista Mar affordable housing complex at 3606 NW 5th Avenue is with modern amenities from granite countertops and stainless steel appliances to wraparound terrace. Some even boasting bay views. The building already 100 percent occupied, with 110 families living there. One, two and three-bedroom units with rents ranging $375 to $995 per month.

In this particular case,they had funds from the state of Florida, U.S. government, the City of Miami, Miami-Dade County, and from a private bank, City National Bank

The apartments are amazing; they have cherry wood cabinets, stainless steel apartments.

It is the 11th high-rise community built by Pinnacle in Miami, and the company’s 44th development nationwide.

We have a shortage of affordable housing here in Miami-Dade County.. This will enable people to have housing, have a roof over the heads where they can come home and be proud to say ‘this is where I live.

The building’s location, a few avenues over from the center of Midtown, would provide an anchor for the neighborhood. This will potentially spur further development in the area.

It’s within walking distance of Midtown, and what you’re going to see is people are going to take interest in [surrounding] empty lots and houses, so it’s an anchor, for Midtown, it’s a blessing, because I don’t think they will be able to go every day, but at least once a week, they will be going around, buying something and when there are people, crime is displaced.

Vista Mar is the latest project in an affordable housing boom in Miami that managed to weather the downturn.

Indeed, when many area residential projects were dormant at the beginning of the downturn.  Vista Mar, with a new standard of construction. From modern amenities to LEED certification. The latter is particular popular at new Miami projects.

Affordable housing has changed enormously. When you take a look at affordable housing projects that were done in Miami in the late 1970s and 1980s, even the early 1990s there is no comparison.

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