Renaissance Square represents a sea change in the design and management of affordable housing in Puerto Rico. Located on the former Las Gladiolas Public Housing site, the new, mixed-income, mixed-use community is just steps from the Golden Mile Financial District in Hato Rey, and features market-rate amenities, high-quality finishes, etc.
Renaissance Square was designed to be resilient: the buildings are built withstand a direct hit by a Category 4 storm through hurricane-rated doors, windows, roofs, and structures. This resiliency was tested during construction of the community when Hurricane María hit Puerto Rico. As a result of the design, there were minimal delays in construction and the community was ready to receive families soon after.
In addition to the resilient design, the new community sets a new standard for community design in Puerto Rico. It connects to the larger neighborhood, providing residents access to job centers, transportation, schools, and recreation. It also includes state-of-the-art site amenities with onsite management space, as well as a community space with a fitness room, and business center for residents. Renaissance Square also incorporates commercial space.
A public-private partnership between the Puerto Rico Department of Housing (PRDOH), McCormack Baron Salazar, and private investors used public dollars to leverage private equity, resulting in a total investment of $35.5 million. Through this innovative partnership, a vacant affordable housing site has now been transformed into a new, vibrant community in which Puerto Ricans from all income levels can live together and thrive.
As a mixed-income community, monthly rental costs vary, and are based on income limits. Certain income and qualification restrictions may apply. Rental rates are subject to change and may differ from those currently listed on the website. Please visit our website or call us for additional information.
