The group last week paid about
"It's a great asset and location; it's very accessible to the beaches and downtown," said
Residents of the low-income complex will be notified of the sale by letters. They will be able to stay for the duration of their lease but likely will face higher rents if they intend to stay longer.
Phase one of the project will involve renovating the exterior of the buildings in coming next months and beginning work on the interiors of empty apartments. Roughly 40 percent of the complex is unoccupied, Quay said.
Depending upon the floor plan, a one-bedroom rehabbed unit would rent in the low $800s, roughly
Quay said there is no intention to price existing residents out of the complex. About 170 apartments would receive minor improvements and have lower rents. Those units would be upgraded later if the redevelopment proves popular.
"We absolutely are going to make renovated units available to current residents," Quay said. "Whether people will take advantage of that or not, we will have to see."
Residents of Mariner's
After the 2011 shooting, council Vice Chairman
Repeated complaints from residents that the owners painted over mold or did not make repairs prompted Kornell to summon the complex's management to a city council workshop in November.
Kornell said the sale will benefit residents even if they cannot afford the new rents and have to move.
"We should be able to have clean, safe, affordable housing," he said. "We didn't have safe and we didn't have clean. We should never settle for less than all three."
But people who live in the complex expressed mixed feelings about the sale and the prospect of looking for a new home.
Others said they welcomed the chance to leave.
"I never knew it was like this until I got here," he said.
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