A joint venture between Housing Trust Group and Elite Equity Development has topped out. Naranja Grand Community, a two-phase, $115 million, 320-unit affordable housing development in metro Miami is located at 28050 SW 147th Ave., 30 miles southwest of downtown Miami.

Naranja Grand will consist of a 120-unit senior community and a 200-unit affordable housing building. The first phase is expected to be completed in the spring of next year, while the second is slated to be completed in the third quarter of 2025. Both projects offer reduced rent depending on where the tenants fall when it comes to area median income.

The development team includes ATL Architecture, Gomez Construction, EAC Consulting, Builders Design, as well as EGS2. The team identified ten separate funding sources.

The first phase will feature Resident Assurant Check-Ins, assistance with light housekeeping and grocery shopping, as well as various community events. Phase two will provide residents with financial management, employee assistance programs and adult literacy classes.

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