Coral Rock Development Group plans a mixed-income apartment complex in Florida City, marking the firm’s continued bet on south Miami-Dade County.
The 342-unit Card Sound Key Apartments will consist of six four-story buildings on 13 acres at the southwest corner of Krome Avenue and South Dixie Highway, according to a Coral Rock news release.
The lot is one of the last parcels of land before Florida City gives way to the Everglades. Coral Rock said in the release that Card Sound Key is expected to draw residents from south Miami-Dade County and the Upper Keys.
Florida City commissioners approved the project this month. Construction is expected to start early next year and be completed in 2025, the release says.
The complex will offer one- to three-bedroom apartments, with 20 percent of the units reserved as workforce housing, and the remainder priced at market-rate rents.
The workforce units will target households earning 100 percent of the area median income, Coral Rock said via email. This means that a one-person household can’t earn more than Miami-Dade’s current $68,300 annual AMI, according to the Florida Housing Finance Corporation.
The Pascual, Perez, Kiliddjian, Starr & Associates-designed project will include a walking and exercise trail encircling the property, with workout stations, and a dog park, according to the release.