HomeMy WebLinkAboutTable of ContentsTABLE OF CONTENTS
1. Development Plan
11. Development Schedule
Ill. Development Budget
1V. Biscayne Housing Group
Development Plan
The City of Miami owned lots at 400 SW 8t' Ave (folio # 01-4138-005-0110) and
430 SW 8"' Ave (folio # 01-4138-005-0110) comprise 28,101 square feet and fall
under the C-1 Restricted Commercial zoning classification. Multifamily
residential use is a use permitted as of right under the C-1 classification, and the
subject site is conducive to residential development as it is located in a largely
residential neighborhood with one story retail fronting SW 8m Avenue.
Biscayne Housing Group proposes the development of affordable rental housing
targeting the elderly demographic. Under each of the three development options
outlined below, the residential units would be affordable to elderly residents with
incomes at or below 60% of Area Median Income. Net monthly rent at today's
posted rate would be $609.
We provide three development Options below, all of which contain the
development of a high quality, mixed-use affordable rental development for the
elderly. The constant in each Option is that we propose using $4,000,000 of City
of Miami subsidy, Miami -Dade County bond financing, and 4% Low income
Housing Tax Credits for all Options. However, Option B includes $4,000,000 in
matching subsidy from Miami -Dade County General Obligation Bonds and
Option C contemplates applying for funding under the elderly demographic set
aside and obtaining SAIL financing from Florida Housing Finance Corporation.
Option A: Development of a mixed-use development containing 2,000 square
feet of ground floor commercial space and 25 one bedroom, one bathroom
apartments affordable to elderly residents. Option A requires donation of the
land and $4,000,000 of subsidy from the City of Miami.
Option B: Development of a mixed-use development containing 2,000 square
feet of ground floor commercial space and 50 one bedroom, one bathroom
apartments affordable to elderly residents. Option B requires donation of the
land, $4,000,000 of subsidy from the City of Miami, and $4,000,000 of matching
subsidy from Miami -Dade County,
Option C: Development of a mixed-use development containing 2,000 square
feet of ground floor commercial space and 70 one bedroom, one bathroom
apartments affordable to elderly residents. Option C requires donation of the
land, $4,000,000 of subsidy from the City of Miami and an allocation of SAIL
funding from the Florida Housing Finance Corporation.
A comparative chart outlining all three options and their respective development
schedules is located at the end of this section.
Under each development option, the residential building would include significant
common area space for the benefit of the elderly residents. In particular, a large
furnished community room would allow for group interactions; a library and
computer room would be located on the ground floor; an exercise room would be
equipped with modern exercise equipment suitable for the elderly; and an
outdoor, covered domino court park would be provided to allow for outdoor
gathering and recreation.
The ground floor would also contain 2,000 square feet of commercial space. The
design goal is to create a safe, friendly and functional commercial space that will
attract new businesses to the area. Successful commercial operations located in
the ground floor will create job opportunities and help link the development to the
neighborhood and pedestrian activity.
Biscayne Housing Group is a Miami -based affordable housing development
company that currently is developing over 500 affordable rental apartments for
the elderly in Miami -Dade County. In total, BHG has over 1,200 affordable
apartments under development in the City of Miami with a total development
value of over $250,000,900. In a time of difficult economic conditions, BHG is
not only delivering the highest quality affordable residences to our community,
but we are putting the City of Miami to work in the process.
DEVELOPMENT SCHEDULE
op
tion 2008 2009 2009 2009 2009 2010 2011 2011 2011 2012 2012 2012 2012 2013 2013
4 OT 1 OT 2 OT 3 OT A OT 1 OT 2 OT 3 OT 40T 1 OT 2 OT 3 QT 4 OT 1 OT 2 OT
Obtain Site Control
Miami -Dade County Bond Application
Prepare Construction Drawings
City of Miami Permitting
Construction Phase 1 (9 months)
Occupancy
DgtlOn �
Obtain Site Control
Miami -Dade County Bond Application
Miami -Dade County GOB
Prepare Construction Drawings
City of Miami Permitting
Construction Phase 1 (12 months)
Occupancy
Option C
Obtain Site Control
Miami -Dade County Bond Application
FHFC SAIL Application
FHFC Funding Award Notice
Prepare Construction Drawings
City of Miami Permitting FM
Construction Phase 1 (12 months)
Occupancy
Little Havana 25 units - Miami, FI
6) Sources & Uses
Permanent Phase
Sources
Rei.
Total
%
Per Unit
D
132807
2.38 %
D.DD%
0
0.00%
132,807
0
0.00°/
0
2,DDC,000
44,269
0.79 %
0.00%
0
0
240,DDC
0
0.001!6
0
0.006/
165,950
4,000,000
71.77%
160,000
oa
0.00%
0
0.00%
0
ELI Supplemental
102,375
0
0.00%
D
Permanent 2nd Mortgage
0
0
0,DO%
0
SAIL Loan
264,000
0
0.D01/
0
Bridge Loan k1
7,986
O.DO %
0,00%
0
Interest Income
0
0
0.00%
0
NOI During Construction
0
0
0.006/
0
Impact Fee Waivers
22,000
0.39%
0.00%
0
Other
4,400
0_DB%
0.00%
0
Limited Partner Equity
0
1,546,000
27.749%
61,840
General Partner Equity
199,150
0
D.00 %
0
Deferred Developer Fee
4,072
27,719
0.50%
1,109
Tota' Sources
11,047
5,573,719 100.0D% 222,949
Permanent Phase
uses Tnfal 9< Per lrnit
Hartl Construction Costs
Total
2.047,500
36.73%
87,900
GC ProFit
D
132807
2.38 %
5.312
l Requirements
0.00%
132,807
2.38 %
5,312
ad
2,DDC,000
44,269
0.79 %
1,771
Buildings
0
240,DDC
4-31%
9,600
LFRecreational
al/Owner items
0.006/
165,950
2.98%
6,638
rovements
0
0.00%
0.00°/
0
ontingency @:
5.0%
102,375
1.84%
4,095
0
0.00%
0
C.DD%
0
ConsVuctionInterest Expense
1236,800
264,000
4.74%
10,560
Bridge Loan Interest Expense
0
7,986
O.DO %
0
Permanent Loan Origination Fee
0
0
D.DD%
0
Permanent Loan Closing Costs
1,000
0
D.DO %
0
Construction Loan Origination Fee
0.17%
22,000
0.39%
88D
Construction Loan Closing Costs
50,000
4,400
0_DB%
176
Bridge Loan Origination Fee
1,105
0
0.00%
0
Costs.of Issuance
0.1)0%
199,150
3.57%
7,966
Other Loan Closing Costs
25,000
4,072
0.07%
163
Reserves Required by Lender
400
11,047
0.00%
0
Accounting Fees
0.06%
25.D00
0.45%
1,050
Application Fees
144,085
2,000
0.04%
s0
Appraisal
4,000
9,000
0.16%
360
Architect Fee Design
2.00%
200,000
3.59%
8,000
Architect Fee -Supervision
6,000
50,000
0.90%
2,000
Builder's Risk Insurance
4,DDO
27,633
0.50%
1,105
Building Permit
0.38%
26,100
0.47%
1,044
Brokerage Fee
20,000
0
0.00%
0
Credit Underwriting Fee
4,848
13,695
0.25%
548
Engineering Fee
0.00%
25,000
.0.45%
1,000
Environmental Report
4,723,487
10,000
0.18%
400
FHFC Administrative Fees
0
11,047
0.20%
442
FHFC Application Fees
0.00%
3,ODD
0.05%
120
FHFC Compliance Mon. Fee
0
52,905
0.95%
2,116
Impact Fees (Detail)
0
144,085
2.59%
5,763
Inspection Fees
0.00%
100,000
1.79%
4,000
Insurance- Property/Liability
60,000
1.08%
2,400
Legal Fees- Partnership
105,DDO
1.88%
4,200
Legal Fees- Other
55,000
0.99%
2,200
Market Study
6.000
0,11%
240
Marketing & Advertising
100.000
1.7996
4.000
Operating Deficit Reserve
D,DD%
0
Property Taxes
20,000
0.36%
BDO
Soil Test Report
25,000
0.45%
1,000
Survey(including as -built)
20.000
0.36%
800
Title Insurance & Recording
121,192
2.17%
4,848
Utility Connection Fee
52,500
0.94%
2,100
Miscellaneous Costs (G)
0
0.00%
0
Contingency (Soft Cost)
100.000
1.79%
4,000
Sub Total
4,723,487
Existing Buildings, Owned
0
00%[_
- - 0
Existing Buildings, To be Acquired
0
0.0D%
0
Other Acquisition Costs
0
0.00%
0
Miscellaneous Costs (G}
D
0.00 %
D
Land, To be Acquired
0,00-/
p
Other Land Costs
0.00%1
0
Developer's Admin. & Overhead
4.01-
188,939
100.00%
7,558
Developer's Profit Acquisition
4.0';
0
0.DD %
0
Developer'sPTofit
14.0%
661.292
11.86%
26,452
9 c 7% 71 A
1 Q9 R1 L.
292.9II9
Construction Phase
Total
%
Per Unit
81500
O.DO%
D
2.200.000
40.46°o
88,1500
0
0.00%
D
0
0.00%
0
2,DDC,000
36.79%
80,000
0
D. DO%
0
0
0.00%
0
0
0.006/
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
1236,800
22.75 %
49,472
0
0.00 %
0
Construction Phase
Total % Per Unit
2,1547,500
39.05%
81500
132,807
2.553%
5,312
132807
2.53%
5,312
44,269
0.84%
1,771
240,000
4.58%
9,600
155,950
3.17%
6,538
0
0.0D%
0
102,375
1.95%
4,095
0
0.00%
0
264,DD0
5.04%
10,560
D
0.00%
0
0
0.00°/
0
0
0.00%
0
22,000
0.42%
880
4,400
0.08%
176
0
0.00%
0
199,150
3.80%
7,986
4,072
0.08%
163
0
. 0.00%
0
25,DD0
0.48%
1,000
2.000
0.04%
30
9,000
0.17%
360
200,000
3Z1%
8,000
50,000
0.95%
2,000
27,633
0.53%
1,105
26,100
0.50%
1,044
0
0.1)0%
0
13,695
0_26%
548
25,000
0.48%
1,000
10,D60
0.19%
400
11,047
0.21%
442
3,000
0.06%
120
52,905
1.01%
2,116
144,085
2.75%
5,763
100,000
1.91%
4,000
60,000
1.14%
2,400
105, DOD
2.00%
4,200
55,000
1.05%
2,200
6,000
0.11%
240
100, DOD
1.91%
4,DDO
0
0.00%
0
20,DDO
0.38%
800
25,000
0.48%
1,D00
20,000
0.38%
Boo
121,192
2.31%
4,848
52,500
1.00%
2,100
0
0.00%
0
100,000
1.91%
4,000
4,723,487
0
D.oO%I
0
D
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00°/
0
0
O.DO%
0
188,939
3.60%
7,558
0.00%
0
330,546
6.31%
13.226
1 t..L4:l.0/3 1u.—_
Little Havana SO Units - Miami, FI
6) Sources & Uses
47.67%
111,600
GC Profit
350,496 2.99%
Permanent Phase
Sources
Rrt. Total
%
Per On
xempt Bonds
2337
Accessory Buildings
240,000 2.05%
4,800
300,000
256°�
6.00C
Construction Loan
0.00%
0.00 %
C
1
0
0.00°/
C
0
4,000,000
34.77%
80.000
14,357
4100010DO
34.17%
60,000
upplemental
0
O.OD %
0
nent 2nd Mortgage
0
O.00%
0
oan
0
0.00°/
0
Loan #1
Construction Loan Closing Costs
0.00°!
0
t Income
0
O.pp1/
0
uring Construction
0
0.00 %
0
t Fee Waivers
Other Loan Cbsing Costs
0.00%
0
Other
s Required b Lender
0-00%
0
Limited Partner Equity
3,343,000
28.56%
66,B60i
General Partner Equity
0
0.00%
0
Deferred Developer Fee
63,494
0.54 %
1,270
Total SOUMn s
11,706,494
100.0091.
234,130
Fee Design
0-12%
250,000
r r�
5,000
t Fee -Supervision
PermamentPhase
50,000
Hard Construction Costs5,580,000
47.67%
111,600
GC Profit
350,496 2.99%
7,010
GC General Requirements
350,496 2.99%
7,010
GC Overhead
116,832 00°I6
2337
Accessory Buildings
240,000 2.05%
4,800
Recreational/ Owner items
261,600 223%
5,232
Off -Site improvements
0.00%
0
Hard Cost Contingency �; 5.0°;
279,000 238%
5,580
Other
0.00%
0
Constructionlrrterest Expense
717,854
6.13%
14,357
Bridge Loan Interest Expense
0.00%
O.00%
0
Permanent Loan Origination Fee
3,000
0.031-
00
Permanent Loan Closing Costs
900
0.01 %
18
Construction Loan Origination Fee
60,000
0.51 %
1,200
Construction Loan Closing Costs
12,000
0.10%
240
Bridge Loan Origination Fee
16,072
0 0.00 %
Q
_
Costs of Issuance
203,600
1,74%
4,076
Other Loan Cbsing Costs
16,072
0.14%
321
s Required b Lender
9,000
0.001/
0
ng Fees
2.24%
25.OD0
0.21%
500
on Fees
as
68,994
0,000
0.02%
40
l
Fftrmit
1,044
9,000
0.08%
180
Fee Design
0-12%
250,000
214 %
5,000
t Fee -Supervision
10,000
50,000
0.43%
1,000
Risk
478
68.994
0.59%
1,380
PenNt
0.53%
52,200
0.45%
1,044
Brokerage Fee
100,000
0
0.00%
0
Credit Underwriting Fee
1,200
13,695
0.12 %
274
Engineering Fee
0,49%
25,000
0.21
0.05%
Environmental Report
100.000
10.8100
0.09 %
200
FHFC Administrative Fees
0
23,884
0.20%
478
FHFC Application Fees
0.22%
3,000
0.03%
60
FHFC Compliance Mon. Fee
165,742
59,234
0.51%
1,185
Impact Fees (Detail)
2,100
288,170
2.46%
5,763
Inspection Fees
100,000
0.85%
21000
Insurance- Property liability
60,000
0.51%
1,200
Legal Fees- Partnership
105,000
0.90%
2,100
Legal Fees -Other
55,000
0.47%
1,100
Market Study
6.000
0.05%
120
Marketing & Advertising
700.000
0.85%
2,000
Operating Deficit Reserve
0.00%
0
Property Taxes
0.00%
0
Soil Test Report
25,000
0,21%
500
Survey(including as-buift)
20,000
0.17%
400
Title Insurance & Recording
165,742
1.42%
3,315
Utility Connection Fee
105,000
0.90%1
2,100
Miscellaneous Costs [G}
0
D.00 %
0
Contingency (Soft Cost)
100.000
0.85%1
2,006
-Total
9,913,967
Buildings, Owned
0
OAO1/
0
Buildings, To be Acquired
0
0.001'1
0
uisition Costs
0
0.00 %
0
WDeveSub
eous Costs [G)
p
O.DO %
0
be Acquired
0.001`1
0
nd Costs
0.00%
0
lopersAdmin.
er's Admin. & Overhead
4,116
396,559
100.00%
7,931
er's Profit Acquisition
4.G=
0
0.009`0
0
'Developers Profit
14.1%
1.395,966
11.92/
2J.919
TotalProieciCost
11,706,494
195.61% 234,130
Construction Phase
Total
%
Per unit
350,496
O.OD%
0
6,000,060
3.14%
120, DOD
D
0.00 %
0
0
0.00%
0
1,200,000
10.4,15%
24.0x0
1,600.D00
13.94%
32,000
0
0,00%
0
0
D.OD'1
0
0
0.0096
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
0
0.00%
0
2,674,400
23.31%
53,468
0
0.00°/6
0
16,072
0.00 %
0
11,474,400 1W,00% 229,486
Total % Per Unit
5,580,000
50.05%
1}},
350,496
3.74%
7.010
350,496
3.14%
7,010
176,832
1.05 %
2,337
240,000
2.15%
4,BDO
261,600
2.35%
5,232
0 0.00%
0
279,000
2.50%
5,560
0
0.006/
0
717,854
6.44%
14,357
0
0.00%
0
3,000
0.03%
60
900
0.01%
18
60,000
0-54%
1,200
12,000
0.11%
240
0
0.00%
0
203,800
1.83%
4,076
16,072
0.14%
321
0
0.00°/
0
25,000
0.22%
500
2,000
0.02'/6
40
9,000
0.08%
180
250,000
2.24%
5,000
50,000
0.45%
1,000
68,994
0.62%
1,380
52,200
0.47%
1,044
0
0.00%
0
13,895
0-12%
274
25,000
0.22%
500
10,000
0.09%
200
23,884
0.21%
478
3,000
0.03%
60
59,234
0.53%
1,185
286,170
2.58%
5,763
100,000
0.90%
2,000
60,000
0.54%
1,200
105,000
0.94%
2,100
55,000
0,49%
1,100
6,000
0.05%
120
100.000
0.90%
2, 000
0
0.00%
0
0
0.00%
0
25,000
0.22%
500
20.000
0.18%
400
165,742
1.42%
3,315
105,000
0.94%
2,100
0
0-00%
0
0 0.00 / 0
0 0.130% 0
396,559 3.56%1 7,931
0.00%1 0
837.581 7.51 1 IS 759
Little Havana 70 Units - Miami, A
6) Sources & Uses
Permanent Phase
rtes � Total
z
Per nii
Tax -Exempt Bonds
0.00°6
0
Bond 800,000
4.791%
11.429
Construction Loan
0.00%
0
Loenl 0
0.00°/6
0
AHTF 4.000.000
23,96%
57,143
SURTAX 2,000,000
11.98%
28,571
ELI Supplemental 0
0.00%
0
Permanent 2nd Mortgage 0
0.00%
0
SAIL Loan 4,900,000
29.35%
70,0DO
Bridge Loan *1
0.001/.
0
Interest Income 0
0.00%
0
NOI During Construction 0
0.00%
0
Impact Fee Waivers
0.W%
0
Other
0.00%
0
Limited Partner Equity 4,890,000
29.29%
69,857
General Partner Equity 010.00%
5.71%
0
Deferred Developer Fee 104,688
0.63%
1,496
Total Sources 16,694,688 100.00% 238,496
Permanent Phase
Uses Total % Per Unit
Hard Construction Costs
8,626,000
51.67 %
123.229
GC Profit
538,111
3Z-1
7,687
GC General Requirements
538,111
322'0
7,687
GC Overhead
179,370
1.07°/
2,562
Accessory Buildings
240,000
1.44%
3,429
Recreational t Owner Items
342,520
2.05%
4,893
Oft -Site Improvements
0.00%
0
Hard Cost Corrtingency 0:
5.0'6
431,300
258%
6,161
Other
O,W%l
0
Construction Interest Expense
953,556
5.71%
13,622
Bridge Loan Interest Expense
0.001/
0
Permanent Loan Origination Fee
S. DOD
0.05%
114
Permanent Loan Closing Costs
2,400
0.01%
34
Construction Loan Origination Fee
80,000
0.48%
1,143
Construction Loan Closing Costs
16,000
0.10%
229
Bridge Loan Origination Fee _
0
0.00%
0
Costs of Issuance
211,550
1.27%
3,022
Other Loan Closing Costs
17,422
0.10%
249
Reserves Required by Lender
O.DO%
0
Accounting Fees
25,000
0.15 %
357
Application Fees
2,000
0.01%
29
Appraisal
9,000
0.05%
129
Architect Fee -Design
275,000
1.65%
3,929
Architect Fee -Supervision
50000
0.30%
714
Builder's Risk Insurance
62,785
038%
897
Building Permit
73,080
0.44%
1,044
Brokerage Fee
0
0.00 %
0
Credit Underwriting Fee
13,695
0.08%
196
Engineering Fee
25.000
0.15%
357
Environmental Report
10.000
0.06%
143
FHFC Administrative Fees
33,959
0.20%
485
FHFC Application Fees
3,000
0.0211.
43
FHFC Compliance Mon. Fee
64,296
0.39%
919
Impact Fees (Detail)
403,437
2.42%
5,763
Inspection Fees
100,000
0.60%
1,429
Insurance- PropertylLiabitty
60,000
0.36%
857
Legal Fees- Partnership
105,000
0.63%
1,500
Legal Fees- Other
55,000
0,33%
786
Market Study
6,000
0.04%
B6
Marketing & Advertising
100.000
0.60%
1,429
Operating Deficit Reserve
0.00%
0
Property Taxes
0.00%
0
Soil Test Report
25,000
0.15%
357
Survey(including as -built)
20.000
0.12%
286
Title Insurance & Recording
195,442
1.17%
2,792
Utility Connection Fee
147,000
0.88%
2,1 DO
Miscellaneous Costs (G)
0
0.00%
0
Contingency (Soft Cost)
100,000
0.60%
1,429
sub -Total
14,148,035
Existing Buildings, Owned
0
0.00%
0
Existing Buildings, To be Acquired
0
O.DO %
0
Other Acquisition Costs
0
0.00%
0
Miscellaneous Costs (G)
0
0.00%
0
Land, To be Acquired
0.00%
0
Other Land Costs
0_D0%
0
Developer's Admin. & Overhead
4.01.
565.921
100.D0%
8,085
Developer's Profit Acquisition
a.ON
0
0.D0%
0
Developer's Profit
14.0%
1,980.731
11.86%
28.296
,..,.m ..�n�ertr r.e+v P 1 15.b`J4,UCWi lyC.01'b LSC,4YD1
Construction Phase
Total _6 Per U
0.00% 0
8,000,000 49.01%1 114.286
0 0.130%
0 000%
0 O.W/
0 O.OD°r,
0 0. W/.
0 0.00%
0 0.00°1,
3,912,000 23.97% 55,886
0 0.00% 0
0.001 0
1b,322,000 72.98% 170,171
BISCAYNE HOUSING GROUP
Formed in 2004 by industry veterans Gonzalo DeRamon and Michael Cox,
Biscayne Housing Group ("BHG") has emerged as an industry leader in the State
of Florida for innovative, high quality affordable housing development. BHG is
known for well-designed and well-built developments that boast unprecedented
levels of community connection and involvement.
Since inception, BHG has won eleven (11) funding allocations from the Florida
Housing Finance Corporation, leading to a current development pipeline with
over $250,000,000 in total development costs. This development activity has put
over 3,000 Miami -Dade County residents to work_ construction workers,
engineers, architects, environmental scientists, attorneys, accountants, surveyors
and property managers are all currently at work at BHG developments.
The principals and staff of BHG have developed over 5,000 affordable
apartments in the State of Florida. We live in the City of Miami, work in the City
of Miami, and raise our families in the City of Miami. To follow please find
renderings of some of our current projects that exemplify our abilities and
attention to high qualify affordable housing development.
Biscayne Housing Group
3
Development of a high-rise tower of 110 units for the elderly
Location: 1301 NW 23'� Street, Miami, FL.
Amenities include: Community center, domino court park, laundry facility, individual washed dryer hook-ups, com-
puter room, exercise room
Anticipated completion: December 2008
Biscayne Housing Group
Villa Patricia I— Under Construction
Hirth- rise tone: of 125 elderh units.
Location: 7825 NE2`-Avenue, Miami, FL
Amenities include: Cotrmiunin center. domino court park, laundry facility, indMdual washer dn,'er hook-ups, computer
rooms exercise room
Anticipated completion: Nov ember 2008
Villa Patricia 11— Under Construction
High- rise tou-er of 12= eldcrly units.
Location: 7831NAL- 2`- Avenue. Nliani , FL
Amenities include: Conmur:in center, domino court park, laundry facility, individual washer/ dryer hook-ups, computer
room, exercise room
Anticipated completion: Februir 2009
Villa Patricia III— Under Construction
High- rise tower of 89 elderhunits,
Location: 7815 NE 2-- Av enue,lltiami, FL
Amenities include: Connnunin• center. donuno court park, laundn facility. individual washer! dryer hook-ups; computer
room. exercise room
Anticipated completion: February 2009
A
Biscayne nousin
Wwg Group
,,'^+,.i<,•,.�.,.'`.. sem. a -'►r. t ,.'a.v''`_`�.' 4iz„�,......-r.,,_,.-.,. F
__ _ ism_
Ilse lower
of 90 homeless units.
Location: 350?-1fi4Street, Miami. FL
=amenities include; �
roooi�unity� center,
m, exercise room
do
An
COilrt park, lautldn, facilitS�, Individual tij�a
4nticipated completion: December 2009
sher,% dryer hoot_ups, computer
Biscayne Housing Group
YMCA Village — Carver I
Elderly housing development of 112 units in a high-rise tower.
Location: 401 I\VN- 71 Street, Miami, FL
Amenities include: Con=uniry center, domino court park, laundry' facilit-v- indi-6dual washer' dryer hoOk-UPS. COMPutcr
room, CXC7"Ise r0on!
Anticipated completion: December 2009
YMCA Village — Carver 11
Elderly housing &vclopmmt of 90 units in a high-rise tower.
Location: 410'\W 7]" Strce,.'Nfiarni. FL
Amenities include: Comimunity center, dcn-iino court Park- laundry facility, individual washer' dryer hook-ups, computer
toom, exercise room
Anticipated completion: December 2009
Biscayne Housing Group
1K
4W -i
-tt' ff
a
Mao
-7-
. . . . . . . . . . . .
YMCA Village — Al lapattah I
Elderly housing development of 90 units in a high-rise tower.
Location: N -W l7' `' Avenue and 23'° Terrace. Miami. FL.
Amenities include: Community center. domino court park, laundry facilin'. individual Rvasber! dryer book -ups, computer
room exercise room
Anticipated completion: June 2009
YMCA Village — Allapattah 11
Fa_,,r i!, hollsirIL, &,�-el,)prntnt of 100 traits in a high-rise tovve,
LocatiDn:'\%N' 17�x Avenue and 23- Terrace. Wayrd. FL
Amenities include: Ccmmunity cenic-,_ vlpvgourd. laundry facility. individual washer dryer hook-ups. computer room, exer-
cise
Anticipated completion: June 2009
Biscayne Housing Group
Qualifications of the Firms
BISCAYNE COURT APARTMENTS
Elderly housing development of 60 rental units in a high-rise tower.
Location: 5211 NW 27 Avenue, Miami, FL
Amenities include: Community center, domino court park, laundry facility, individual washer/dryer hook-ups, computer
room, exercise room
Anticipated completion: December 2009
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Summary Details:
olio No.:nSW8
ro ailing tldress:
D FLOOR
Prooertv Information:
dMary Zone:
100 RESTRICTED
Applied Applied
MMERCIAL
LUC:
040 MUNICIPAL
$/Baths:
10
k�ors-
e ional:
n Units:
pun
di So Footage:
Lot Size:
,601 SO FT
Year Built:
8 54 41 CAROLINA
egal
CURT A R -S PB 15-56
esa ptiw :
OT 16 LOT SIZE 5601
QUARE FEET OR
19756-4069 D401 3
Sale Information:
Pale O/R:
1�21e Date: /1996
ale Amount 0
Assessment Information:
ear: 2008 2007
nd Value: 5336,060 336,06
uitdin Value: 53,729 $3,729
arket Vafue: $339,789 339,78
ssessed Value: $339,789 339,78
TAv.hlp Valup Infnrmatinn-
ear: 2008 2007
Property
Boundary
Applied Applied
Faxing Authority:
Exemption/ Exemptionf
Taxable Taxable
Value: Value:
e ional:
$339,789150 $339,7897$0
pun
339,789/$0 $339,7891$0
339,789/$0 $339,78910
chool Board:$339,789/$0
$339,789($0
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