Housing Trust Group and Elite Equity Development have reached a milestone in their joint venture with the topping out of Naranja Grand Community. This $115 million development, located at 28050 SW 147th Ave., is set to bring 320 affordable housing units to metro Miami.
Naranja Grand will consist of two phases: a senior community with 120 units and an affordable housing building with 200 units. The first phase is expected to be completed by spring next year, while the second phase will be finished in the third quarter of 2025. Ten different funding sources were identified by the development team, which includes ATL Architecture, Gomez Construction, EAC Consulting, Builders Design and EGS2.
Residents at Naranja Grand can expect reduced rent based on their area median income. In addition to this affordability factor, both phases offer various services such as Resident Assurant Check-Ins for light housekeeping and grocery shopping assistance as well as community events. Phase two also offers financial management support along with employee assistance programs and adult literacy classes for residents.
