Officials from Carlisle Development Group, Miami-Dade County and Miami-Dade Transit recently oversaw demolition prior to construction on the 2.3-acre site.
Seventh Avenue Transit Village is a $75 million, two-phased, transit-oriented development that will provide 150-200 affordable apartments for low-income families.
Phase I ($40 million) will include a residential tower with approximately 80 one-, two- and three- bedroom units designed for individuals and families earning between 50 and 60 percent of the area median income. Signature aspects of the first phase will include a transit hub with a bus terminal; commercial space; a playhouse/theater operated by Miami-Dade County Cultural Affairs; and a covered parking garage.
Carlisle designed Phase I to meet qualifications for the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) for Homes Silver Certification.
“This is a great day for the residents of our community,” said Audrey M. Edmonson, Miami-Dade Commissioner, District 3. “7th Avenue Transit Village brings affordable housing, immediate access to transit, and will be a place for residents and visitors to enjoy. This first phase will provide millions of dollars in local investment and create hundreds of new jobs.”
Residential amenities will include water-conserving fixtures, high-efficiency lighting, ceramic tile and Energy Star appliances. Community amenities will include a community room, a central laundry facility, meeting rooms, gym, computer/library and a recreation deck with a tot lot.
Resident programs will be offered in financial counseling, health and nutrition and life safety training.
Phase II ($35 million) will include a second residential tower with approximately 100 one- and two- bedroom units designed for elderly families and individuals, with additional ground floor retail space along NW 62nd Street and NW 7th Avenue.
“This is an effective public-private partnership between Carlisle and Miami-Dade County that will provide safe, affordable housing that will help reinvigorate the area,” said Matthew Greer, CEO of Carlisle Development Group. “By locating residents in close proximity to transit, we hope to increase ridership, reduce energy and transportation costs, stimulate economic growth and provide an enhanced quality of life for the residents we serve.”
Construction on Phase I is expected to be finished by 2014.
About Carlisle Development Group
Founded in 1998, Carlisle Development Group is the third largest affordable housing developer in the country. With more than 80 projects representing $1.4 billion in total development costs, Carlisle’s portfolio of assets includes LEED-certified, mixed-use, transit-oriented, urban infill, historic rehabilitation, as well as mixed-income and market-rate housing developments. The firm’s unique social entrepreneurship philosophy and commitment to sustainability are integral parts of its business model. For more information, visit www.carlisledevelopmentgroup.com.