Sawyer’s Walk represents the efforts of a public-private partnership to revitalize Miami’s Overtown historic district by providing affordable living opportunities for lower income seniors, while strengthening the area’s commercial corridor.
Sawyer’s Walk will contain 578 residential apartments, including 110 studio apartments, 280 one-bedroom apartments and 188 two-bedroom apartments. Incomes of all residents will be restricted to those making between 40 percent or below and 80 percent of area median income (AMI) with an average affordability restriction of 56 percent of AMI.
The community’s amenities will include a leasing office, six elevators plus one freight elevator, controlled access, community lounges, multiple exterior gathering areas (both covered and open), a pool and hot tub, barbecue areas, walking paths, a dog park, recreation areas, a gym, community clubhouse with a kitchen and entertainment area, space available for resident health and wellness, and storage for residents. The property will also have commercial space incorporated on-site to promote community development, which will include approximately 250,000 square feet of available space and a parking garage of almost 1000 spaces.
This property was financed using the Low-Income Housing Tax Credit (Housing Credit). Financing for Sawyer’s Walk was facilitated by R4 Capital and R4 Capital Funding. The developer is the Swerdlow Group.