New affordable housing community for seniors takes shape in area

Using an underutilized tax credit and a penchant for long-term ownership, a Minnesota company targets Florida for growth — even during the pandemic.


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  • | 7:30 p.m. May 28, 2020
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Courtesy. Reef at Riviera will have 224 units and unit interiors will have 9-foot ceilings, movable islands, a balcony or patio, solid-surface countertops and stainless steel appliances.
Courtesy. Reef at Riviera will have 224 units and unit interiors will have 9-foot ceilings, movable islands, a balcony or patio, solid-surface countertops and stainless steel appliances.
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The pandemic hasn't stopped Minnesota-based Dominium, an owner, developer and manager of apartment communities nationwide, from marking a big milestone: its first new, ground-up construction apartment project in Florida.

An affordable housing apartment community in Palmetto, in north Manatee County, the project will have 224 units and cater to people who earn an average of 60% of area median income. The community, Reef at Riviera, will be age restricted, with the head of the household required to be 62 or over.

Courtesy. Devon Quist, a development associate with Dominium and project manager for Reef at Riviera, says a critical element of the project has been designing a single building with over 200 units tailored to the site.
Courtesy. Devon Quist, a development associate with Dominium and project manager for Reef at Riviera, says a critical element of the project has been designing a single building with over 200 units tailored to the site.

 

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