Elderly housing planned at a former nursery site

fhfcA 134-unit housing complex designed primarily for low-income elderly residents is planned on a 1.72-acre site at the northeast corner of SW 104th Street and 127th Avenue.

A waiver to replace a former funding commitment was filed June 8 with the Florida Housing Finance Corporation by Marcia Gardens LLC for approval of up to $10,085,811 of Section 8 project based voucher funds to develop 70 one bedroom units in a single building.

The structure also is planned for 64 units that include 55 “Home” units, approved by a prior commitment of $15.5 million permanent financing by the Florida Housing Board on Apr. 20.

The underwriting report for Marcia Gardens included a positive recommendation for the Freddie Mae tax exempt (TEL) program.

“The construction cost savings and reduced management expenses associated with a single 134-unit community are substantial, compared to building two separate communities of 70 and 64 units, respectively,” the request noted.

Formerly a popular nursery and plant retail outlet, the property is now listed under the ownership of Vanguardian Village LLP of Coral Gables, zoned for RU-4 high density residential development that allows up to 50 units per acre of multi-family housing. Total development cost is estimated at $26.2 million.

Financing for the first phase of the project has been approved by the Miami-Dade County Commission through the Public Housing and Community Development Agency.

No specific dates were given for construction pending final action by the state housing agency to approve the revised financing plan for a single project development.


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6 Comments on "Elderly housing planned at a former nursery site"

  1. Ellen Mitchell | March 5, 2017 at 4:27 pm | Reply

    Wow. We live across street and we were not notified about a zoning change. Are you kidding. 104 St is a parking lot now. And you want to put in Section 8 Housing.

  2. George naldjieff | March 5, 2017 at 8:43 pm | Reply

    This is ridiculous – why we we all not notified of this ?? This is illegal – hell is gonna break loose here !!

  3. Ellen Mitchell | March 9, 2017 at 6:18 am | Reply

    We would like to see plans

  4. Matt Weinstein | March 9, 2017 at 2:39 pm | Reply

    The good news is that these units are intended as rent subsidized housing for the elderly – which is quite different from section 8 housing for families with kids, etc.

    The bad news is that this project was first approved — with county bond funding — back in December, 2011. The development has now been increased in size and transferred to Marcia Gardens, LLC (and the proposed name changed to “Marcia Gardens”) based at 315 So. Biscayne Blvd, Miami 33131. They are proceeding with different funding from the State of Florida.

  5. howard ollman | March 18, 2017 at 9:08 pm | Reply

    MATT, this was what i found, i provided the link to the page where it was published, >>>
    Formerly a popular nursery and plant retail outlet, the property is now listed under the ownership of Vanguardian Village LLP of Coral Gables, zoned for RU-4 high density residential development that allows up to 50 units per acre of multi-family housing. Total development cost is estimated at $26.2 million.

    http://communitynewspapers.com/kendall-gazette/elderly-housing-planned-former-nursery-site/

    there is a lot more to this then sure meets the eye, it seems. back to someone by the name,
    “Vanguardian Village LLP ; Rudg-Vanguardian Manager, RUDG LLC, are some of the shadow corporations involved in this deal. All these shadow corporations are in the end owned by Mr. Jorge Perez. Who is Mr. Perez, Chairman of the Related Group? https://en.wikipedia.org/wiki/Jorge_M._P…”

  6. howard ollman | March 18, 2017 at 9:13 pm | Reply

    MATT- no telling what is going on with that GOLF COURSE deal, etc, this was ind is for 104street, and 137avenue, SW.
    50years is a long time, more then of my life time, i am 64 this year/2017.
    sorry for the confusion on some of what i posted, but the players seem to be the same people, or something. and it is very smellt, and very deep, large pile of BS for sure.

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