Housing Trust Group and Elite Equity Development have reached a major milestone with the topping out of their joint venture project, Naranja Grand Community. This affordable housing development, located at 28050 SW 147th Ave in metro Miami, is set to be completed in two phases with a total cost of $115 million.
The first phase will consist of a 120-unit senior community and the second phase will include an additional 200 units for affordable housing. Completion dates are projected for spring of next year and third quarter of 2025 respectively. Ten separate funding sources were secured by the development team which includes ATL Architecture, Gomez Construction, EAC Consulting, Builders Design and EGS2.
Naranja Grand offers reduced rent options based on area median income levels for its tenants. The first phase will feature amenities such as Resident Assurant Check-Ins and assistance with light housekeeping and grocery shopping along with various community events. Phase two will provide residents access to financial management services as well as employee assistance programs and adult literacy classes.
