A $22 million mixed-income senior housing project is set to open in west Coconut Grove on Wednesday.
Gibson Plaza offers 50 affordable and six market-rate apartments for people 55 and older. All the units have been leased.
According to developers Pinnacle Housing Group, the project is the West Grove’s first major multi-family residential development in five decades. It is at 3629 Grand Ave., Miami.
The West Grove is a historically Bahamian neighborhood that has lost much of its population, especially its middle class, as it slipped into poverty and neglect. Meanwhile, the downtown and waterfront sections of Coconut Grove are experiencing a revival as developers build ultra-luxury condo towers on Bayshore Drive and hip restaurants like Harry’s Pizza and Panther Coffee move in.
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Nonprofit group Collaborative Development Corporation, the Theodore Roosevelt Gibson Memorial Fund and Miami Dade College’s Mitchell Wolfson Sr. Foundation also helped finance and develop the project. The college will offer on-site classes and workforce training to residents and locals.
The Miami-Dade County Commission allocated $9 million to the project. Miami Mayor Tomás Regalado, County Commissioner Xavier Suarez, Miami Commissioner Ken Russell and Miami Dade College President Eduardo Padrón will attend Wednesday morning’s opening ceremony.