Courtside Apartments II Opens in Miami's Overtown

Courtside Apartments II, a 120-unit affordable housing development, has opened at 1698 NW 3rd Avenue and 1501 NW 4th Avenue in Miami's Overtown neighborhood. The Housing Trust Group project comprises two five-story buildings spanning more than 161,000 square feet, with architecture by Corwil Architects. A grand opening was held in October 2026.

The community offers 58 one-bedroom, 40 two-bedroom, and 22 three-bedroom units, all reserved for residents earning at or below 30, 50, 60, and 70 percent of AMI. Rents start at $683. Units feature full-size Energy Star appliances, luxury vinyl plank flooring, and modern fixtures. The property includes 154 parking spaces.

Amenities include a clubhouse with catering kitchenette, media center, fitness center, bicycle storage, and a dog park. Residents receive complimentary on-site programming including adult literacy training, employment assistance, financial management courses, and community events. Construction started in October 2024.

Financing included a $30 million construction loan from JPMorgan Chase, $25.9 million in 4% LIHTC equity syndicated through Truist Bank, an $18.6 million permanent loan through Grandbridge Real Estate Capital, a $7.5 million bridge loan from JPMorgan Chase, a $4.3 million Viability Loan and $2.75 million SAIL from Florida Housing Finance Corporation, and a $2.5 million loan from the Miami-Dade County Affordable Housing Surtax Program. The design and construction team includes BDI Construction, Kimley-Horn, Builders Design, and Witkin Hults + Partners.

The project is the second and final phase of a development that began with Courtside Apartments in 2016. It marks the 11th affordable housing community completed through the Housing Trust Group and AM Affordable Housing partnership, which has delivered more than 1,000 apartments across Florida and Texas.