Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI-The Carlisle Group of suburban Coconut Grove, FL and New York-based Related Capital Co. continue an ongoing affordable housing development program with the planned $14 million, eight-story, 208-unit Santa Clara Apartments.

The site is in the city’s strongest affordable housing market, about two miles from Downtown.

Related is providing $12 million of equity investment for the tax credits generated by the apartment complex. Miami-Dade County is expected to contribute another $2 million. Completion is targeted for summer 2003.

The Santa Clara area of Miami already has a waiting list of tenants, city officials confirm. Monthly rents will be $215 to $635 for 625 sf to 1,100 sf of living area.

The project is near Miami’s main medical corridor that comprises Jackson Memorial Hospital, Bascom-Palmer Eye Institute and the University of Miami Medical School.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.