Housing in South Florida is famously scarce right now, especially new builds. But despite supply chain issues delaying projects and lack of available land upon which to build, new projects are making headway. Here, some of the some projects in the work:
An eight-story mixed-used development is coming to Boynton Beach next year, with apartments, office and retail space.
The Pierce will have at least 236 apartment units, 16,800 sq. feet for restaurant and commercial space, and a parking garage with 150 public parking spaces. It will be located on Federal Highway between Ocean Avenue and Boynton Beach Blvd.
At least half of the units at The Pierce will designated as workforce housing with prices for those units based on the area median income. The project will also have a resort-style pool, a fitness center, a co-working area and keyless entry for residents.
“Palm Beach County (and South Florida in general) is experiencing a housing crises at historic levels. The influx of new high-income residents moving into the market, coupled with a general housing shortage has caused South Florida to be the most cost burdened place in the US,” said Jeff Burns, CEO of Affiliated Development, the developer behind the project.
Parts of the mixed-used building will be developed on vacant land. It’s currently in the pre-development stage, waiting on land use approval and various permitting. They anticipate that construction will start sometime next year.
Another mixed-used building will be constructed in downtown West Palm Beach along Dixie Highway.
Featuring two eight-story towers on 2.5 acres of vacant land, the complex will have a total of 264 units, ranging from studios to two-bedrooms. The two buildings will be connected by a glass sky-bridge over Eucalyptus Street.
Amenities at the complex include a fitness center, yoga room, meditation rooms, a large heated pool with a putting green and outdoor spaces. Current rents in the market are usually around $4 to $5 per square foot, according to Jake Geleerd, President & CEO and Co-Founder of Tortoise Properties that is developing the property.
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There will also be 3,400 sq. feet of retail space along Dixie Highway and 371 parking spaces.
Construction on the community started Monday, with developers expecting for the project to be done in 2024.
The Archdiocese of Miami is looking to add more affordable housing units at a senior living complex it owns in Pompano Beach.
The Catholic Church, in partnership with affordable housing developer Smith and Henzy Affordable Group, plans on adding 150 one- and two-bedroom low-income housing units for seniors in a five-story building called St. Joseph Manor.
One-bedroom apartment will have a minimum of 577 sq. feet and two-bedroom units will have a minimum of 800 sq. feet, according to the site plan.
The project is still under review and is waiting approval from various committees with the City of Pompano Beach.
Many South Floridians are facing housing challenges because of the dramatic rise in both rent and home prices. In response, the South Florida Sun Sentinel is launching a new column to address readers’ concerns about affordability. Send your questions and concerns to h[email protected].