Mosaico Apartments, Allapattah, FL

271 units, New Construction

Mosaico Apartments is located in one of Miami’s oldest neighborhoods, just north of vibrant Wynwood and Little Havana. The 1.2 acre, rezoned property is a new construction development consisting of 271 affordable units restricted to residents who are 62 years or older and earn between 30%-80% of the area median income (“AMI”).  The development is comprised of 92 studio units and 179 one-bedroom units in one 13-story building as well as four attached townhome units, all of which are furnished with brand new Energy Star appliances. Mosaico Apartments features community-based amenities such as a rooftop garden, community kitchen, fitness center, and organized supportive programming.

The property is located within a quarter mile from the wheelchair-accessible Allapattah Metrorail Station and offers access to an on-site parking garage granting Mosaico residents independent travel options through the greater South Florida area.

R4 Capital Funding provided the construction and permanent tax-exempt bond financing.

Tenancy

Senior