Work Underway on $64.6M Affordable Sr. Housing Community in Pembroke Park
McDowell Housing Partners (MHP) and Miami Jewish Health held the official groundbreaking ceremony of Ekos Pembroke Park, a 150-unit affordable senior housing community in Pembroke Park, Florida.
Financing for the $64.68 million development was made possible by an issuance of tax-exempt bonds and subordinate HOME – ARP loan from the Housing Finance Authority of Broward County; a subordinate Live Local State Apartment Incentive Loan (SAIL) from the Florida Housing Finance Corp.; LIHTC equity from US Bancorp; and senior construction and permanent loans from R4 Capital.
The project team for Ekos Pembroke Park includes JWR Construction as the general contractor, Reprtwar as the architect of record.
Ekos Pembroke Park represents McDowell Housing Partners’ 16th affordable housing project to start construction in the state of Florida, and its second development in Broward County.
Located at 5595 S.W. 41st, Ekos Pembroke Park will deliver one-bedroom units ranging from 657 to 680 square feet within a 10-story residential building.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout