(Miami, FL May 27, 2017) – City of Miami Commissioner Francis Suarez, District 4, will join Miami-Dade County Mayor Carlos Gimenez and County Commissioner Zavier L. Suarez, along with Jorge Perez, CEO of The Related Group and Alberto Milo, Jr., Principal of Related Urban, on Wednesday, March 29, 2017, 10:00 a.m., to celebrate the completion and ribbon-cutting of Smathers Phase II, featuring 133 new affordable rental units for seniors at 1025 SW 30 Avenue.
The $24.1 million, five-story building offers 82 public housing units and 51 affordable units and was built on Miami-Dade County owned land (2.75 acres) that has been leased to the developer for 75 years. It is adjacent to Smathers Plaza (933 SW 30 Avenue and 2970 SW 9 Street), an existent public housing development built in 1967, offering 182 units for seniors set within two buildings. Renovations on the older buildings will begin soon, by the same developer. Residents of all Smathers sites have access to the Smathers Senior Center.
The City of Miami is providing $698,000 in HOME Investment Partnerships (federal) funding via its Department of Community and Economic Development to Smathers Phase II while other funding sources include a $2.1 million SAIL loan from the State of Florida and $8.25 million from Miami-Dade County’s Surtax program. U.S. Census data indicates that close to 20% of the City of Miami’s population is 62 years of age and over, making senior housing options an important part of aging in place.
City of Miami Commissioner Francis Suarez, George Mensah, Director of the City’s Department of Community and Economic Development, along with Miami-Dade County Mayor Carlos Gimenez, Miami-Dade County Commissioner Xavier Suarez, Michael Liu, Director of Miami-Dade County’s Public Housing & Community Development Department, and project developers Jorge Perez, CEO of The Related Group, and Alberto Milo, Jr., Principal, Related Urban
Celebrate the grand opening and ribbon-cutting of Smathers Phase II, a new affordable rental building for seniors