MIAMI, Fla. (February 2, 2015) – The Richman Group’s trio of affordable senior housing developments that now grace Miami’s reborn West Brickell area is proving the old saying that good things in life come in threes.
The apartments, for adults 55+, leased up in just four weeks after each receiving its certificate of occupancy.
“We did anticipate a quick lease up because there is enormous demand for high quality affordable housing in Miami,” noted Executive Vice President for The Richman Group of Florida, Inc. “The product that we delivered was of the highest quality in a location that has seen very little supply in past years.”
One of the most expensive cities for renters is Miami, where rents, on average, consume 43 percent of the typical household income, up from a historical average of just over a quarter.
Richman Property Services, the management company for the buildings, has received very favorable comments on the location and design. Residents are pleased to be in a reemerging West Brickell neighborhood, close to so much including convenient shopping, employment, local museums, parks and restaurants.