Walden Pond Apartments

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Owner Walden Pond, Ltd.
Developer Auburn Development LLC
Site 18 acres
Number of Units 312 units plus a 4,500 sq. ft adult day care center
Completion 1996

Walden Pond is a 312-unit apartment community for senior citizens in North Miami. The project was kept affordable through a $3,740,000 State Apartment Incentive Loan (SAIL) at 3% interest, tax credits from the Florida Housing Finance Agency, and $1,047,000 through the Dade County Hurricane Andrew Trust Fund Housing and Community Development Program. The project also received from Dade County a $644,000 waiver of impact fees. Eighty percent of the units are for households below 60% of median income, and 20% are for households below 40% median income.

Award Winning Development
The National Association of Home Builders designated Walden Pond the 2nd Best Affordable Multi-Family Community for Seniors in the Country in 1997