Affordable housing nonprofit developing $53M apartment project in Goulds

A nonprofit developer of affordable housing is building a $52.7 million apartment complex in Miami-Dade County’s Goulds neighborhood. 

The planned project marks a continued wager on south Miami-Dade and on affordable housing, at a time when many South Florida locals remain priced out of market-rate rentals. 

Preservation of Affordable Housing, or POAH, is developing the 113-unit, two-building Meridian Point at Goulds Station on the corner of U.S. 1 and Southwest 216th Street, according to the developer’s news release. Meridian Point will consist of a seven-story, 80-unit building and a three-story, 33-unit building. Both will offer one-bedroom to three-bedroom apartments. 

The nonprofit owns the 3-acre vacant site at 11850 Southwest 216th Street. It paid nearly $2 million for the property in two deals in 2019 and 2020, records show.

Construction started in March, and completion is expected in the third quarter of next year, according to a POAH spokesperson. 

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