With rents ranging from $401 to $1,443 per month, Max’s Landing’s 76 apartments leased up well before the property officially opened
Housing Trust Group(HTG), one of the nation’s leading developers of affordable housing, announces the grand opening of Max’s Landing Apartments, a 76-unit affordable apartment community located in the West Kendall area of Miami, Florida. Apartments at the new $25 million, garden-style community are reserved for residents earning between 30 and 80 percent of area median income, with monthly rent for qualifying residents ranging from $401 to $1,443. The property, which broke ground in February 2020, and began leasing earlier this year is already 100 percent occupied – indicative of the level of demand for affordable housing in Miami-Dade County.
A grand opening ceremony was held on October 8th , 2021 at the property.
“Max’s Landing is evidence of the tremendous need for more affordable housing in Miami,” said Matthew A. Rieger, President and CEO of Housing Trust Group. “It’s essential that we make housing more attainable for those who hold jobs that our society deems necessary, but who don’t earn high salaries – such as teachers, restaurant workers, and first responders. Safe, clean and affordable housing is critical to the overall health of our community, and our economy, and we applaud Miami-Dade County for recognizing the need for more affordable apartments in the fast-growing Kendall suburb of Miami-Dade.”
Located at 8905 SW 169th Court, Max’s Landing Apartments is a three-story building with an elevator and 11,388 square feet of retail space on the ground floor, and residential units on the second and third floors. It consists of 56 one-bedroom, one-bath units, and 20 two-bedroom, two-bath units, ranging in size from 688 square feet to 1,108 square feet. Units will have washer/dryer hook-ups, full-size Energy-Star® appliances, wide plank flooring, and balconies. Community amenities include a clubroom with a kitchen and lounge seating, fitness center, business/computer room, a community garden with seating, smart storage lockers, electric car charging stations, bicycle racks and several activity areas.
Financing sources for Max’s Landing Apartments was provided through $14.49 million in 9 percent Low Income Housing Tax Credit (LIHTC) equity provided by City Real Estate Advisors; a $5.5 million loan from KeyBank, and $1.6 million in soft financing from Miami-Dade County. HTG purchased the 2.7-acre site in March of 2019.
The building and design team for Max’s Landing Apartments is Modis Architects, HSQ Engineers and Gomez Construction Company.