W. Patrick McDowell Of McDowell Housing Partners Purchases 1.8 Acre Development Site For $4.85M

A development site located at 5595 Southwest 41st Street in Pembroke Park has been sold for $4,850,000. The site spans approximately 1.8 acres and is intended for the construction of a senior affordable housing project under Florida’s Live Local Act. The project, named Ekos at Pembroke Park, will consist of 150 units and is fully permitted with construction anticipated to begin this fall, with a projected delivery date of summer 2027.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,850,000
• Buyer: W. Patrick McDowell - McDowell Housing Partners
• Seller: Mariano Karner & Esteban Koffsmon - K2 Capital Group
• Location: 5595 Southwest 41st Street, Pembroke Park
• Size: 1.8 acres
• Project Description: 150-unit senior affordable housing project
• Target Residency: Individuals earning up to 80% of AMI
• Construction Start: Fall 2025
• Expected Delivery: Summer 2027

The transaction was facilitated by W. Patrick McDowell, who represents McDowell Housing Partners, while Mariano Karner and Esteban Koffsmon represent K2 Capital Group. Their collaboration marks a significant step towards enhancing affordable housing options in the Pembroke Park area.