Osceola County loans developer $4.5 million for affordable housing project
The Orlando Sentinel reports that, in an effort to increase the availability of affordable housing within the county, Osceola County commissioners have sanctioned a $4.5 million loan to developer Pinnacle for their community, Pinnacle at the Wesleyan. Its 96 units will be priced at or below 80% of the area’s median income for a duration […]
Pinnacle scores $33.9 million in financing for long awaited affordable housing in Kissimmee
Pinnacle and Birdsong Housing Partners have closed on $33.9 million in financing, Growthspotter reports. After acquiring the land for a forthcoming 96-unit affordable housing community two years ago, Pinnacle has initiated construction on the community adjacent to Kissimmee’s Shingle Creek Regional Trail. In December 2021, the developer purchased the 6-acre site for $1.86 million after […]
Florida Trend’s Florida 500
By Florida Trend – October 24, 2024 Pinnacle co-founding partner Louis Wolfson III has been recognized by Florida Trend in its annual Florida 500 edition! Read more
Live Local changes could propel workforce housing boom in South Florida
The Real Deal reports on the Live Local Act and housing in South Florida, highlighting the substantial response Pinnacle received to the lottery for its Pinnacle 441 development, which received over 20,000 applications for just 113 units. This staggering number of applicants underscores the critical shortage of affordable housing options in the region. Pinnacle is […]
Groundbreaking Event Marks Milestone For ‘Pinnacle At La Cabaña’, An Affordable Senior Housing Development At 8911 Miramar Parkway In Miramar
Florida YIMBY reports that Pinnacle is commencing construction on Pinnacle at La Cabaña, a $41.2 million affordable rental development in Miramar providing 110 units for seniors. Funded through public-private partnerships, it will offer one- and two-bedroom apartments, with 11 units for very low-income seniors and the rest for those earning 60% of area median income. […]
Bisnow’s ‘Broward County State of the Market’
Bisnow reports that at their ‘Broward County State of the Market’ event Pinnacle partner Tim Wheat cited their Pinnacle 441 project in Hollywood as a success, with the first phase of 113 apartments priced 60% below market rate nearing completion and garnering over 18,000 inquiries through a lottery leasing system. The $48 million second phase […]
Projects underway amid demand for affordable housing in Osceola County
WESH Orlando reports on the job fair hosted by Pinnacle and Birdsong for Pinnacle at the Wesleyan, a 96-unit affordable housing complex slated to be built near US 192 – an ideal location for those employed in the county’s booming hospitality industry. This complex will feature desirable amenities such as a clubhouse, pool, and pavilion. […]
Pinnacle Secures $41M in Permanent Financing for Affordable Senior Housing in Broward County
Pinnacle has announced that they have secured over $40 million in financing for their 110-unit community for seniors, Pinnacle at La Cabaña, in Miramar. This was made possible through strong partnerships with Bank of America, Neighborhood Lending Partners, Florida Housing Finance Corporation, City of Miramar, and United Way of Broward County. “Seniors are among the […]
PINNACLE BREAKS GROUND ON BIMINI COVE LUXURY MULTIFAMILY PROJECT IN FORT LAUDERDALE
PROFILEmiami | August 30, 2021 The Miami-based multifamily developer Pinnacle has broken ground on Bimini Cove, the firms newest planned luxury rental community in Fort Lauderdale. Nestled into the Marina Bay area along the south fork of the New River along State Road 84 just west of I-95, the community will offer exceptional convenience for […]
FYI Miami: July 15, 2021
Miami Today News | Miami Today | July 13, 2021 Below are some of the FYIs in this week’s edition. The entire content of this week’s FYIs and Insider sections is available by subscription only. To subscribe click here. CRUISE CONTROL: Norwegian Cruise Line Holdings has sued asking a federal judge to block a Florida law banning […]
