T.D. Jakes Real Estate Ventures, New Urban Development to build affordable housing in Florida
T.D. Jakes Real Estate Ventures announced a partnership with New Urban Development to build two affordable housing developments in Hallandale Beach, Fla., and Miami Gardens, Fla.
The multifamily, mixed-income development located in Hallandale Beach will feature 200 units on 5 acres, located at the center of a historic African American community with limited affordable housing options. The development is expected to break ground in Q1 of 2024.
The senior living development in Miami Gardens will consist of 150 units on seven acres. Located adjacent to Miami Gardens Senior Family Center, this will be the first housing complex developed for seniors in Miami Gardens and will feature a clubhouse and walking trails. The City of Miami Gardens awarded the land to New Urban Development to complement the existing senior recreation center, while Miami-Dade County awarded funding for the housing development.