Viewing posts categorised under: Affordable Housing

District Flats featured in WPB Magazine

Affordable Housing, News, properties / 08.01.20200 comments

A new project, The District Flats rental community is coming to in West Palm Beach’s popular Warehouse District. The 178-unit multifamily development will be located at 1050 Blanche Street and will be a key addition to a neighborhood that has become a favorite destination for millennials… of all ages!

The District Flats will feature a modern-industrial designed, four-story building surrounding a central courtyard, swimming pool and deck area; a three-story building surrounding a garden amphitheater; and a three-level, 250-space parking garage enhanced by a large mural at the entry.  A dog park and a public park at the south end of the site is planned, and the project will also include 2,700 sq. ft. of commercial space that will be home to a stylish cafe. There will be 26 studio apartments; 86 one-bedroom, one-bath units; and 48 two-bedroom, two-bath apartments, along with a 3,000 sq. ft. clubhouse.

“This project will not only answer the growing need for housing around Downtown West Palm Beach but will also help solidify the Warehouse District as the city’s next hub of urban activity,” said Jack Weir, founder and managing principal of Eastwind Development. “We see great things ahead for both Palm Beach County and the City of West Palm Beach.”

Designed by MSA Architects, with Verdex Construction as the general contractor, The District Flats is located south of the trendy Grandview Public Market food hall and other nearby retail and entertainment outlets like Steel Tie Distillery, Steam Horse Brewing Company and Surfing Florida Museum.

All units will feature nine-foot ceilings, keyless door entries, programmable thermostats, tile & wood plank flooring, stainless steel appliances, granite countertops, pendant light fixtures, bedroom ceiling fans and energy and water conservation features designed to lower monthly resident utility bills.

The development will also feature a set-aside for workforce housing. Twenty (20%) percent (36 units) in the community will be set aside for households with an annual income equal or less than 140% of the 2018 annual median income (AM I) for Palm Beach County for studios ($75,460 income), 1 BR units ($80,850 income) and 2 BR units ($97,020 income) at the time of initial leasing, Rents for the workforce housing units are not projected to be lower than market rents. The workforce housing restrictions will last for a period of 15 years.

You can download the pdf of the article here.

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New Rental Community Coming to West Palm Beach’s Warehouse District

Affordable Housing, properties, Workforce Family Housing / 10.12.20190 comments

A new project, The District Flats rental community is coming to in West Palm Beach’s popular Warehouse District. The 178-unit multi-family development will be located at 1050 Blanche Street and will be a key addition to a neighborhood that has become a favorite destination for millennials…of all ages!

The District Flats will feature a modern industrial designed, four-story building surrounding a central courtyard, swimming pool and deck area; a three-story building surrounding a garden amphitheater; and a three-level, 250-space parking garage enhanced by a large mural at the entry.

A dog park and a public park at the south end of the site are planned, and the project will also include 2,700 sq. ft. of commercial space that will be home to a stylish cafe. There will be 26 studio apartments; 86 one-bedroom, one-bath units; and 48 two­ bedrooms, two-bath apartments, along with a 3,000 sq. ft. clubhouse.

“This project will not only answer the growing need for housing around Downtown West Palm Beach but will also help solidify the Warehouse District as the city’s hub of urban activity,” said Jack Weir, founder, and managing partner

“The city has a tremendous need for affordable housing, and I’m glad that Eastwind Development was going to provide a portion of that,” West Palm Beach Mayor Keith James said at the groundbreaking ceremony, Thursday, December 5.

AH, units will feature nine-foot ceilings, keyless door entries programmable thermostats, tile & wood plank flooring, stainless steel appliances, granite countertops, pendant light fixtures, bedroom ceiling fans, and energy and water conservation features designed to lower monthly resident utility bills.

The development will also feature a set-aside for work.force housing. Twenty (20%) percent (36 units) in the community will be set aside for households with an annual income equal or less than 140% of the 2018 annual median income (J\1Vf I) for Palm Beach County for studios ($75,460 income ), 1 BR units ($80,850 income ) and 2 BR units ($97,020 income ) at the time of initial leasing, Rents for the workforce housing units are not projected to be lower than market rents. The workforce housing restrictions will last for a period of 15 years.

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Evernia Place – West Palm Beach, FL

Affordable Housing / 28.05.20140 comments

Evernia Place is an 85 unit Affordable Senior Housing Rental Development that was completed in 2014. The residents must be at least 62 years or older. The property is located on the northeast corner of Evernia Drive and S. Sapodilla Avenue in the City of West Palm Beach, Florida. The project benefits from its exceptional location and proximity to the following; Downtown West Palm Beach Business Center, the West Palm Beach Tri-Rail Station, new Florida East Coast Railway passenger line station, Publix, Pharmacy, City Place Shopping District, Public Parks, Community Center, Library and various Medical Facilities in the immediate area.

The community has 84 affordable senior rental contained in a seven story high-rise building that includes a partially below grade parking garage and two elevators. The average unit size is approximately 850 square feet with the 1 bedrooms averaging 750 SF and the 2 bedrooms averaging 950 SF. Interior features include energy Star certified dishwashers and refrigerators as well as microwave ovens, double compartment kitchen sinks and washer and dryer hook-ups. Each unit is wired for high-speed internet access, and there are ceiling fans in all bedrooms and living areas.

Evernia Place offers residents attractive project amenities that include a large community area with a sitting area and large screen television, leasing center with offices, computer center that include computers, printers and fax/copy machine, fitness center with modern exercise equipment, a large sun-deck with swimming pool, bocce court, grilling area and sitting area, a sixth floor reading deck and a card/game room. Each floor has a common washer and dryer room. Wireless high speed internet access is available throughout the community area and swimming pool area. Additionally, the Property Manager coordinates with outside visiting service providers to coordinate resident services and activities such as resident parties, job training and counseling, health and wellness and financial counseling.

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Ridgemont Park – Smyrna, TN

Affordable Housing / 27.05.20140 comments

Ridgemont Park is a 120 unit Affordable Housing Rental Development. All of the rental set-aside units at Ridgemont Park target residents with incomes at or below 60% of the Area Median Income (“AMI”). The property is located off Lee Victory Parkway in the City of Smyrna, TN. The project is walking distance to Smyrna High School and a short drive to the Nissan Logistics Corporation and a brand new Amazon warehouse distribution center.

The community offers one, two and three bedroom apartment homes. The average unit size is approximately 1033 square feet with the 1 bedrooms averaging 780SF, the 2 bedrooms averaging 1,010 SF and the 3 bedroom averaging 1,197 square feet. The interiors include an array of features such as spacious living areas, faux granite countertops, Energy Star rated Black Appliances, full size washer and dryer, ceiling fans throughout and large patios or balconies.. Top notch amenities including a swimming pool with WiFi, fitness center, volleyball court, and a beautiful children’s playground.

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Village Park Senior Housing – Winter Park, FL

Affordable Housing / 27.05.20140 comments

Village Park Senior Housing – This 105 unit new construction senior affordable development utilizes 9% housing tax credits and is located in the City of Winter Park in central Florida. This project is a joint venture with Atlantic Housing, LLLP, and completed construction in December 2013. Stabilization and permanent loan conversion occurred in 2014.  Interest in this community was sold in June 2015.

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