Pinnacle to build affordable senior housing project in Hollywood, FL
Pinnacle Housing Group will start building a US$30 million Pinnacle at Peacefield affordable senior housing project in Hollywood, Florida, USA.
The property, located at Adams Street, will have 120 rental apartments for people age 62 and older, including 72 one- and 48 two-bedroom units in three low-rise buildings. Amenities will include: lounge/meeting space, computer center, outdoor patio, fitness facility, and medical evaluation room.
Pinnacle Housing Group took out a US$22 million loan for the construction of the project. Citibank funded the financing at the end of 2018. The construction of Pinnacle at Peacefield is expected to start next year.
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