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| Sailboat Bend Apartments, 425 Southwest Fourth Avenue, Fort Lauderdale, FL |
MIAMI, FL – In continuation of Atlantic | Pacific Companies’
(A | P Companies) growth and acquisition of the Affordable Housing Division of
Carlisle Development Group and subsequent to the Miami-Dade County Commissions
approval, the Florida Housing Finance Corporation Board has unanimously
approved the transfer of the development rights of Sailboat Bend Apartments in
Fort Lauderdale, Florida to A | P Companies subsidiary Atlantic | Pacific
Communities (A | P Communities).
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| Tam English |
Sailboat Bend
Apartments, located at 425 SW 4 Avenue, is a 7-story building with 105
existing units.
Rehabilitation of the 40 year old property will fully
modernize the building while enhancing its water and energy efficiency and
providing new elevators for the elderly residents.
New cabinetry will
be built and installed by the Housing Authority’s Step Up Apprenticeship
program, which provides education, training, and employment skills to low
income youth.
Tam English,
Executive Director of the Housing Authority of the City of Fort Lauderdale
states, “In the last 7 years our approach to affordable housing has progressed
tremendously in Fort Lauderdale. At Sailboat Bend, we’re looking forward to
continuing to upgrade our housing stock with the help of the A | P Communities
expertise and experienced team.”
Based in Miami,
Florida, Atlantic | Pacific (A | P) is a fourth generation real estate company,
with more than 650 employees, over 23,000 units under management and a
footprint that includes Florida, California, Texas, Georgia and the Carolinas.
For a complete copy of the company’s news release, please
contact:
Jessica Wade Pfeffer | Jessica Wade Inc.
Tel: +1 305.804.8424 | jessica@jessicawadeinc.com
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