Station Location: NW 20th Street and NW 12th Avenue
Project: Santa Clara Apartments I and II
Phase I: 9-story, 208-unit affordable rental apartment building, surface parking.
Phase II: 17-story, 204-unit affordable rental apartment building; five levels of parking with ground floor dedicated to transit parking
Tenant: Santa Clara Apartments I Ltd., 1251 NW 20 St.
Santa Clara Apartments I: For affordable rental housing information, contact The Related Group, 305-548-3811.
Subtenant: Santa Clara Apartments II Ltd., 1250 NW 21 St.
Santa Clara Apartments II: For affordable rental housing information, contact The Carlisle Group, 305-545-6873.
How Initiated: Competitive request-for-proposal process
Status: Phase I construction was completed fall 2003. 100% occupied by January 2004. Phase II construction was completed December 2005. 100% occupied by March 2006.
Financial: MDT receives annual in-kind services in lieu of rent for garage management, guaranteed annual rent, and annual Participation Rent (50% of net income).
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