MIAMI, FL – Walker & Dunlop Inc. has structured $61 million in financing for the development of Miami's first 100% income-restricted and rent-restricted residential high-rise, UNI Tower, which is being developed by NR Investments.
Located in a designated Opportunity Zone within Miami's Wynwood arts and design district, the tower will deliver 252 affordable and workforce housing units, as well as 10,000 square feet of office space and 4,500 square feet of ground-floor retail space.
"The availability of affordable housing is an issue of national concern," states Walker & Dunlop's Jeremy Pino. "Through the creative application of Opportunity Zone incentives, local subsidies and HUD long term construction financing, UNI Tower is an example of how the federal government, local municipalities and private developers can work together to be part of the solution."
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
