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South Florida Business Journal - October 27, 2010

St. John Village to get $2.5M makeover
by Oscar Pedro Musibay

The city of Miami has partnered with local nonprofits to renovate 26, one-bedroom apartments in Overtown.

The project will be funded with $2.5 million in federal neighborhood stabilization dollars.

Less than $400,000 was spent to buy the 40-year-old St. John Village 1410 Apartment at 1410 N.W. First Ave. out of foreclosure.

The St. John Community Development Corp. is part of the nonprofit consortium involved in the project that will bid out the renovation.

David J. Alexander, president and CEO of the CDC, told the Business Journal that the project would provide two significant benefits to 14th Street, a roadway plagued in part by neglected lots. The renovation will provide badly needed rental housing for some of the area’s poorest residents.

“Fourteenth Street is a terrible transit corridor,” Alexander explained. “We need to get to work on it.”

An irony is that 14th Street is a feeder to the Adrienne Arsht Center for the Performing Arts on the east side and the medical district that includes Jackson Memorial Hospital’s downtown Miami campus.

The nonprofit consortium includes the Neighborhood Housing Services of South Florida, Carrfour Supportive Housing, the Little Haiti Housing Association, Opa Locka Community Development Corp., and the Urban League of Greater Miami.

The federal neighborhood stabilization program targets neighborhoods suffering as a result of the economic meltdown.

Officials from the city of Miami, including Mayor Tomas Regalado, Commissioner Richard P. Dunn II and officials from the U.S. Department of Housing and Urban Development will officially unveil the project at 10:30 a.m. Friday at the St. John Village site.