HOLLYWOOD, Fla., March 8, 2019 /PRNewswire/ -- On Wednesday, February 27, Pinnacle Housing Group, in partnership with the City of Hollywood, celebrated the official groundbreaking of "Pinnacle at Peacefield," a 120-unit quality affordable housing development for seniors. Following the groundbreaking, Pinnacle and the City hosted a job fair for local applicants and those participating in City-sponsored workforce training programs for construction trades.
Representatives from Pinnacle Housing Group were joined by City of Hollywood Mayor Josh Levy, Broward County Commissioner Beam Furr, City of Hollywood Commissioner Peter Hernandez, Citi Community Capital Director Barry Krinsky and other local dignitaries.
Named after the ancestral home of one of America's Founding Fathers, John Adams, Pinnacle at Peacefield will offer 120 units of senior housing (age 62+) on land assembled by the City of Hollywood and the Hollywood Community Redevelopment Agency. The community will contain 72 one-bedroom units and 48 two-bedroom units in three low-rise buildings on Adams Street west of S. Dixie Highway. The community will offer the latest in quality affordable design, and each building will have its own dedicated common facilities including a lounge/meeting space, computer center, outdoor patio, fitness facility and medical evaluation room. Pinnacle at Peacefield will offer residents an array of programs tailored to seniors' unique needs, such as 24/7 property management support for urgent issues, daily resident assurance check-in, computer training, and daily on-site supervised activities designed to promote wellness, education and social engagement. Projected rents will range from $380 to $835 for a one-bedroom home and $456 to $1,022 for a two-bedroom residence.
Timothy Wheat, Regional Vice President of Pinnacle Housing Group observed that "we are reaching a crisis-level shortage of housing for seniors in Florida. We are elated to provide 120 units along with much needed services and support that will make elderly lives easier."
People interested in future residency can check the Pinnacle at Peacefield page on Pinnacle's website in the late summer for more information regarding pre-leasing contact information. Construction is scheduled to be complete in early 2020.
About Pinnacle Housing Group, LLC
Established in 1997, Miami-based Pinnacle Housing Group is a full-service real estate development company that develops, builds, leases and owns affordably-priced and luxury-styled apartment homes, with over 9,000 units concentrated in Florida, Mississippi and Texas. For more information, visit www.pinnaclehousing.com.
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