In the latter part of 1994,in response to the need for additional affordable housing
in the city, the Hialeah Housing Authority purchased Palm Centre a complex containing 298
apartments + 56 Commercial Bays.
The HHA in November of 1994, anticipated the purchase
of Palm Centre began managing the property. In May of 1995, the Hialeah Housing Authority
purchased Palm Centre through a Bond Issue for the amount of $14.5 million dollars.
Palm Centre generates approximately $2,100,000 annual income. The distribution
of Palm Centre is as follows:
Palm Centre
Office Location: 240 E 1st Ave, Suite 112
- 298 Total Units
- 56 Commercial Bays along 240 E 1st Ave.
- sq ft: 63,639 (excluding laundry room of 1,050)
Palm Centre Phase I
Location: 60 E 3rd St. (starting at 3rd floor)
- 11-1 bedroom units
- 87-2 bedroom units
Palm Centre, Phase II
Location: 150 E 1st Ave.
- 26 - 1 bedroom units
- 148- 2 bedroom units
- 26 - 3 bedroom units
The following rental program at Palm Centre is inclusive within the 298 units:
Housing Development Action Grant (HODAG) Program
Total units: 41 Exclusive to the 150 Building
| Monthly Rent |
| Units |
Type |
Rent |
| 6 |
1 Bedroom |
$395.00 |
| 28 |
2 Bedroom |
$438.00 |
| 7 |
3 Bedroom |
$514.00 |
The following are regular rents for 1/2/3 bedroom units exclusive of the HODAG Program.
Palm Centre Phase I and Phase II rents:
| 1 Bedroom/1 Bath |
| Floors |
1-7 |
8-9 |
10-12 |
14 |
| Rent |
$676.00 |
$684.00 |
$690.00 |
$702.00 |
| 2 Bedroom/2 Bath |
| Floors |
1-7 |
8-9 |
10-12 |
14 |
| Rent |
$772.00 |
$786.00 |
$796.00 |
$808.00 |
| 3 Bedroom/2 Bath |
| Floors |
1-7 |
8-9 |
10-12 |
14 |
| Rent |
$926.00 |
$931.00 |
$942.00 |
$960.00 |
Other Conventional Housing
Location: 2400 W 4th Ave.
- 4 - 2 Bedroom Units (1 Bath)
- Rent $825.00 per month
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