Pahokee Multifamily Development Highlights DEVELOPMENT HIGHLIGHTS - - PowerPoint PPT Presentation

Pahokee Multifamily Development Highlights

Sponsor by: Meadow Development Group. LLC

DEVELOPMENT HIGHLIGHTS

• Land 16 acres
• Type of Residences: Rental Workforce-Multifamily
• Zoning: Multifamily - Entitlement approved
• # of Units: 108
• Our project also complies with local workforce

programs and has the full support of the regional authorities given the severe scarcity of the product type within the community.

Pahokee Multifamily Development Highlights

Sponsor by: Meadow Development Group. LLC

WHY RELOCATE/EXPAND IN THE GLADES?

• Land The Glades features acres of land which is developable within multiple zoning uses
• Workforce The Glades has a workforce with generations of experience with hands-on work, and

new workers can be trained through various area partners, such as CareerSource, Palm Beach State College, and the West Technical Education Center which is represented by the Glades Career Readiness Roundtable

• Incentives The Glades is a state-designated Rural Area of Opportunity which may qualify your

business for additional financial incentives beyond what is typically offered elsewhere

• Access The Glades offers access via roads such as SR80 and US27, through airports such as the

Palm Beach County Regional Airport located in Pahokee, or by CSX Railroad’s tracks that run throughout the area

• The Quality of Life in the Glades offered is a sharp and welcomed contrast to coast Florida, as

freshwater activities in Lake Okeechobee are abundant, and a more relaxed pace of life exists

ASSETS: WORKFORCE

This region of 40,000 is within an easy commute for 3 million skilled workers. The BDB and LORE coordinate responsive labor placement and training inquiries with the cities, CareerSource, and

• ther entities such as Palm Beach State College and the Glades Career Readiness Roundtable, so to

answer inquiries about new employer Rural Jobs Tax, the Federal New Market Tax Credit, Rural Areas of Economic Opportunity, and other state incentives.

LOCATION:

Pahokee, FL.

AREA The Glades region of western Palm Beach County is a vast and verdant swath comprised primarily of the designated Everglades Agricultural Area. Within those boundaries and along the southeastern rim of Lake Okeechobee lie the cities

• f Belle Glade, Pahokee, and South Bay, the westernmost

communities in Palm Beach County. These greenbelt cities possess a unique vantage point. They are…

• Within a 100-mile radius of 75% of the state’s population.
• A gateway, at only 38 miles from the Palm Beaches and

Florida’s Atlantic East Coast; 90 miles from Ft. Myers, Florida’s West Coast, and the Gulf of Mexico; and 90 miles north of Miami.

• The epicenter of agricultural production – primarily sugar

cane and winter vegetables – with 500,000 acres of fertile muck soils.

• The launch pad to Lake Okeechobee itself: natural wonder,

bass fishing paradise, and vital fresh-water resource.

• The home of 21st-century food processing, sugar milling and

refining, manufacturing, distribution, and operations centers with a firm understanding of sustainability. The Lake Region is home to a unique set of industry clusters that play to its strengths: Agriculture Distribution / Logistics Manufacturing Healthcare

• Florida Crystals
• Glades Formulating Corporation
• Hugh Branch
• Hundley Farms
• Morning Star Harvesting
• Pioneer Growers Cooperative
• Sugar Cane Growers Cooperative of Florida
• Tellus Products
• TKM Farms
• U.S. Sugar
• Wedgeworth's, Inc.

AREA: MAJOR EMPLOYERS

LOCATION:

Project is located in Pahokee Florida. Pahokee is within Florida Opportunity Zone

PAHOKEE, FL

AREA: PAHOKEE That’s “Grassy Waters” in Seminole. Pahokee is the only town located directly on the shores of Lake Okeechobee, known as Palm Beach County’s “Other” Coast. Seven miles of majestic towering Royal Palm trees greet visitors driving into this quaint

• ld Florida community, population 6,029 and characterized by

a tropical climate and moderating balmy breezes from the Lake. Like the rest of the Glades, Pahokee is built upon nature’s richest organic soil, making the town a natural home for those now-rare Royal Palms. The town prides itself on preserving its a quaint “Old Florida” feeling, which has attracted residents eager to get away from the bustle of the coastal cities.

Project Location: Pahokee, FL

The Property is located in Section 9, Township 42, and Range 37E, on the north side

• f Larrimore Road and east of

State Market Road and contains approximately 16.87 acres.

MASTER PLAN

2018 Florida Housing Finance Corporation Family Rental Programs Income % 1 BR 2 BR 3 BR 4 BR 60% $ 866 $1,039 $1,200 $1,339 80% $1,155 $1,386 $1,600 $1,786 >80% $1,155 $1,386 $1,600 $1,786 100% $1,444 $1,733 $2,000 $2,233 >100% $1,444 $1,733 $2,000 $2,233 120% $1,732 $2,079 $2,400 $2,679 >120% $1,732 $2,079 $2,400 $2,679 140% $2,021 $2,425 $2,800 $3,125

Workforce Housing Program

Meadows Development Group

786-443-4717

M A S T E R D E V E L O P E R S