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Federation Towers Miami Beach, Florida

Fairstead acquired Federation Towers Apartments in November 2019, protecting the development’s affordable status for at least the next 40 years. Federation Towers is a 100% affordable Section 8 property located in Miami Beach, FL and consists of 114 senior apartments, providing a home for residents earning at or below 60% of the area median income.

Through strategic in-unit rehabilitation, significantly reducing the property’s carbon footprint, and enhancing on-site amenities, Fairstead’s long-term preservation of Federation Towers is aligned with its mission to deliver high quality, sustainable housing regardless of income.

Fairstead’s 12-month preservation plan includes: the renovation of all units including bathrooms, kitchens, impact glass windows, HVAC upgrades, flooring, UFAS and HVI accessibility, and extensive renovations of common areas, including the gym, lobby, hallways, community room and library. In addition, Fairstead aims to strengthen the sense of community and enhance the wellbeing of its senior residents with an on-site Resident Services Coordinator and a robust social services program including education, meals programs, health awareness, employment services, assisted home care, and curated resident events.

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