Sunrise Could Award Over $19 Million in Incentives to Developer

The city of Sunrise is considering a $19 million incentive package for Affiliated Development’s proposed $150 million apartment project, which includes 415 apartments, 3,650 square feet of retail, and workforce housing for those earning up to 120% of the area median income. Spanning two sites, including a former Walgreens location, the project would feature amenities like a pool, fitness center, and coworking space, with income restrictions lasting 30 years. The city’s incentives include tax rebates, infrastructure funding, and a nearly free land transfer. The development aims to revitalize a blighted area while addressing housing needs.

Read the full article here…