Coconut Grove-based Housing Trust Group has closed on the financing for Wagner Creek Apartments, a $22 million, 73-unit mixed income affordable housing development targeting families in Miami. Located at 1501 NW 13 Court, the building is in walking distance to the University of Miami Hospital and the Miami VA Hospital. The community’s design incorporates green principles and will offer easy access to Miami’s Metrorail Civic Center Station located just 250 yards away.
Wagner Creek Apartments will feature 10 one-bed, one-bath units, 55 two-bed, two-bath units, and eight three-bed, two-bath units. Sixty of the units will be set aside for residents earning at or below 60 percent area median income.
The project is slated for completion in 12 to 14 months.
“We are grateful for the opportunity to partner with the City of Miami and Miami-Dade County on Wagner Creek, a development which provides working families with more options for safe, affordable and quality housing where it’s most needed,” said Matthew Rieger, Housing Trust Group’s president & CEO.
