HomeMy WebLinkAboutSummary2Dev-Con — Liberty City 6200/01
Summary
Number of
Residential
Units
No. BR's/Baths
Approx.
Sq. Ft.
AMI % of
Homebuyer
24
1/1
575
80
10
2/1
830
80
50
3/2
1025
80
15% of the units will be set -aside for supportive housing. The balance are section 8 eligible.
The Commercial space is 15,330 S.F., with a $10-$13 S.F. rental fee
Community partners listed in the proposal are:
• Empower U- 8309 NW 22 Avenue
• H.O.M.E.S.- 4765 NW 17 Avenue
Amenities include: community room, recreation room and gym, daycare/learning center, balconies,
parking security gate, security entry system/cameras, and support service space in commercial element.
The project is 100% private financed. Total development costs are approximately $9,000,000.
The return to the City includes estimated property taxes, and an annual payment to the city of $24,000 (for
30 years).