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Related Group Starts Work on Miami Affordable Rental Community – Connect CRE

by | Feb 6, 2024 | 0 comments

Related Group took the City of Miami up on its program to increase affordable housing. The company has broken ground on the 12-story Gallery at Marti Park, a 176-unit mixed-income community in Miami. The developer entered a 75-year ground lease with Miami-Dade County for the site, which previously housed a one-story community center.

Approximately half of the project’s units will lease at market rates. At the same time, the rest will target various income levels: A part of them will be reserved for low-income seniors under the Rental Assistance Demonstration program, while others will cater to households earning between 80 and 120 percent of the area median income. The project is expected to be completed by the fourth quarter of 2025.

Designed by Modis Architects., the will encompass one- and two-bedroom floorplans ranging from 622 to 850 square feet and amenities that include a private bike storage room, grilling areas, a fitness center, a clubhouse and a coworking center.

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