Pinnacle Nabs $89M for Affordable Development in Miami-Dade

By Commercial Observer – April 14, 2023   Miami-based developer Pinnacle has secured financing to develop an affordable housing, garden-style project in the Miami-Dade County, Commercial Observer reports. The development, Pinnacle at Tropical Pointe, will consist of six buildings with 215 units, a fitness centre, a swimming pool and co-working spaces. All the apartments will […]

Developer breaks ground on Miami-Dade apartments with $72 million in financing

By South Florida Business Journal – April 14, 2023   Pinnacle has secured $72.3 million in financing to develop an affordable housing community in the Princeton neighborhood of Miami, the South Florida Business Journal reports. Pinnacle at Tropical Pointe will consist of 215 affordable apartments spread across six garden-style buildings. These units will cater to […]

Pinnacle Secures $72M for Affordable Housing Project in Miami

By GlobeSt.com – April 6, 2023   Pinnacle has secured $72.3 million in financing for the development of Pinnacle at Tropical Pointe, an affordable housing project in Miami-Dade County’s Princeton neighborhood, GlobeSt reports. The development will include 215 units, with one- to four-bedroom apartments spread across six garden-style buildings. The project is designed to accommodate […]

Pinnacle proposes apartments near future transit station in North Miami

By South Florida Business Journal – March 31, 2023   Pinnacle has proposed an eight-story apartment complex in North Miami on a 1.59-acre site at 12616 Arch Creek Road and 1486 N.E. 127th St. in the Transit Station Overlay District, the South Florida Business Journal reports. The project, the Arch Creek Station apartments, would include […]

Breaking down Florida’s proposed affordable housing legislation

The Real Deal | Katherine Kallergis | March 6, 2023, 11:30 AM Florida’s proposed affordable housing legislation, aimed at incentivizing developers with major tax breaks and hundreds of millions of dollars in funding, is advancing in the state legislature. Senate Bill 102, known as the “Live Local Act,” and related legislation would be a boon […]

DeSantis signs bill to fund affordable housing, spur massive redevelopment

By South Florida Business Journal – March 30, 2023   Florida governor Ron DeSantis has announced a plan to invest in the development of affordable housing. The goal is to create additional affordable housing in order to address the state’s housing shortage and rising housing costs, the South Florida Business Journal reports. Senate Bill 102, […]