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The assets are near the city of Haverhill.
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Super Bowl winner Jonathan Vilma is proposing a 102-unit housing allocation on the site of a Palm Beach County church, marking the continuation of the redevelopment of South Florida’s religious properties.
Vilma, who is also a former University of Miami football star, partnered with West Palm Beach Seventh-day Baptist Church to request adjustments to progression regulations to allow for the structure of a new church and apartment complex on the 3. 4-acre site at 1473 North. Haverhill Road, according to county records. It is located in unincorporated Palm Beach County, near the city of Haverhill.
The Seventh-day Baptist Church of West Palm Beach, led by President Jasmine Lynch, owns the assets and has a 1,200-foot worship corridor there, records show. The proposed worship corridor would span 5,000 feet, according to the filing.
The developers filed a petition with the county last month requesting an amendment to the general plan, which is the county’s progression guide. The request is to allow for a larger allocation than existing regulations allow through the rights of progression movement. According to the proposal, all sets of an allowance will have to be for families earning no more than 60% of the region’s median income.
According to Palm Beach County’s annual AMI of $104,000, a one-child family can earn up to $45,000 per year to qualify for one unit, and a two-child family can earn up to $51,420, according to the Florida Housing Finance Corporation. Consistent restrictions allow up to $57,840 in annual source income for a family of three consistent children and up to $64,260 for a family of four consistent children.
Vilma, who grew up in Coral Gables, played for the New York Jets and was a linebacker for the New Orleans Saints, adding when the team won the Super Bowl in 2010. After retiring, he became an NFL analyst at Fox Sports.
His real estate investments included supporting the defunct co-living and co-working brand Urbino through developer and former Location Ventures CEO Rishi Kapoor. Kapoor and Location Ventures have been in freefall for the past year, amid lawsuits alleging unpaid debts. and non-genuine returns for investors. Among the lawsuits, the Securities and Exchange Commission sued Kapoor and his former Coral Gables-based company last year, alleging that more than 50 investors were defrauded of $93 million worth of failed real estate projects. Syndicate.
Across South Florida, investors and developers have turned to real estate in search of redevelopment opportunities.
In Lauderdale, developers Tal Levinson and Eric Malinasky are making plans for a six-story, 160-unit construction at 500-534 Northwest Ninth Avenue. Shaw Temple AME Zion Church, which is located on one of the lots, will move to the city. In downtown West Palm Beach, similar corporations of Steve Ross and Frisbie Group are proposing a 190-unit condominium assignment with 28-story construction and a 32-story tower on Family Church assets at 1101 South Flagler Drive. The corridor would be preserved and other parts of the campus would be rebuilt, adding a school.