MIAMI — SG Holdings, a partnership between Swerdlow Group, SJM Partners and Alben Duffie, has completed the housing component of Sawyer’s Walk, marking the delivery of the largest affordable senior living community in the US within the last decade, according to the developer.
The mixed-use development is underway in the Overtown neighborhood of Miami. Upon full build-out it will total 1.5 million square feet, including the 578 residential units completed that will be home to low-income seniors, 175,000 square feet for credit retailers, a 25,000-square-foot public plaza, and 130,000 square feet of office space acquired by MSC Group that will anchor its North American cruise division headquarters.
SG broke ground on the 3.4-acre, mixed-use development in June 2021. The public-private partnership was made possible through a collaboration with the City of Miami’s Southeast Overtown/Park West Community Redevelopment Agency (CRA), Miami-Dade County’s Department of Public Housing and Community Development (PHCD), County Mayor Daniella Levine Cava, City of Miami Mayor Francis Suarez, City of Miami Commissioner and Chairwoman Christine King and Miami-Dade County Commissioner Keon Hardemon.
Arquitectonica designed the project, which Coastal Construction is building.
Nestled above the retail spaces and garage, the upper floors of Sawyer’s Walk are home to 578 apartment units that are designated for seniors earning at or below an average of 60 percent of the area median income. The apartments include studios, one-bedroom units and two-bedroom units. The retail component is scheduled to open this fall and will include a 50,000-square-foot Target, a 25,000-square-foot Aldi supermarket, and new locations for Ross Dress for Less, Five Below, Burlington and Tropical Smoothie Café.