10/09/2026
Pinnacle has secured financing to bring 100 new affordable senior apartments to Fort Lauderdale.
The $40.2 million investment will support Phase I of Pinnacle at Cypress, the mixed-use affordable senior housing development in Broward County.
Pinnacle at Cypress is designed to provide seniors with quality, affordable housing and spaces that support an active, connected community. The development will serve residents earning 22%, 33%, and 60% of Area Median Income (AMI).
Phase I will feature 100 one-bedroom apartments, a fitness center and cyber lounge, community room, dog walk area, and 6,525 square feet of ground-floor commercial space.
Rising housing costs are creating greater affordability challenges for older adults, particularly those living on fixed incomes. Expanding the supply of affordable senior apartments can give residents more options to remain in the communities they know and call home.
Pinnacle is already planning the next phase of the development. Phase II will add another 96 senior housing units, with groundbreaking expected in spring 2027. Together, the two phases will help expand the availability of affordable senior housing in Fort Lauderdale and across Broward County.
We’re proud to work alongside Bank of America, JPMorgan Chase, the Florida Housing Finance Corporation and Broward County to bring this community to life.