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Pinnacle Readies Start for 302 Affordable Units

POMPANO BEACH, FL-The 182-unit first phase, to be called Golden Square, is expected to be ready for occupancy in 18 months.

By Natalie Keith | Updated on February 07, 2008

POMPANO BEACH, FL-Construction of the 302-unit Golden Acres apartment complex at Dr. Martin Luther King Boulevard and NW 18th Drive is expected to begin this month. The project is being developed by Miami-based Pinnacle Housing Group, which won a competitive bid to design and build the new affordable apartment complex.

The project is being developed on 31 acres of land owned by the Housing Authority of Pompano Beach and financed primarily through the syndication of Housing Tax Credits sold by Pinnacle to investors. Fort Lauderdale-based Pasquale Kuritzky Architecture is the architect on the project. Keith & Associates, Redeye Landscape Design, Bryntesen Engineering and MEP of Florida are serving as consultants on the project.

The project will contain one-, two-, three- and four-bedroom units and rents will range from $640 to $950 per month. Site plan approval was received in April. The project has two parts–the 182-unit Golden Square and the 120-unit Golden Villas. Amenities include two clubhouses, a neighborhood community center, computer lab, fitness center, playground/tot lot and volleyball court.

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