MIAMI—In a move to meet the growing demand for affordable housing in South Florida, Pinnacle Housing Group is holding the grand opening of Vista Mar on Friday. The project is launching 100% occupied.

The development is LEED certified Silver, making it one of the first affordable high-rise buildings in South Florida to obtain a LEED certification. Pinnacle spent nearly $30 million on development and building costs and created more than 300 permanent and construction jobs. This is Pinnacle’s third affordable housing development in the Wynwood/Midtown area dating back to 2001.

“We believe these developments have helped to attract other development, both market rate residential and a whole variety of commercial retail,” Mitchell Friedman, a partner at Pinnacle, tells GlobeSt.com. “The neighborhood has transformed from one that was basically in urban decay into one that is very prosperous.”