Affiliated advances city-subsidized developments with affordable apartments in Sunrise
Affiliated Development advanced plans to redevelop an overlooked area of Sunrise by building two city-subsidized multifamily projects with 764 apartments, including 186 units with below-market rents. The Sunrise City Commission voted 3-1 to authorize city officials to negotiate a development agreement with Affiliated under which the city would donate land for a mixed-use development called The Set, with 364 apartments, including 54 affordable housing units, and 6,350 square feet for restaurant operations. Vice Mayor Jacqueline Guzman cast the sole vote against the deal, after questioning the cost of city incentives. The incentives include the city’s plan to acquire the 6-acre […]This article originally appeared on The Real Deal. Click here to read the full story.
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