Related Group Breaks Ground on 12-story Residential Community in Marti Park, Miami

Introducing Gallery at Marti Park, a vibrant and diverse community that is set to be developed in the heart of Miami. This project, brought to life by the renowned Related Group, is breaking new ground as it transforms a previously underutilized space into a flourishing residential complex.

With a projected completion date in the fourth quarter of 2025, Gallery at Marti Park is set to become a shining example of mixed-income housing. The developer has secured a 75-year ground lease with Miami-Dade County for the site, which was once home to a modest one-story community center.

Embracing a bold approach to inclusivity, this community will offer 176 units designed to cater to a wide range of residents. Approximately half of the residences will be available at market rates, ensuring that individuals from all walks of life can find their place within this vibrant community.

Gallery at Marti Park will also feature housing options specifically tailored for low-income seniors under the Rental Assistance Demonstration program. In addition, there will be designated units for households earning between 80 and 120 percent of the area median income, ensuring that the community remains diverse and accessible to all.

More than just a housing development, Gallery at Marti Park is a testament to the power of revitalization and the potential for transformative change. This visionary project is set to breathe new life into the Miami landscape, creating a vibrant and inclusive neighborhood that will be cherished for generations to come.

A Modern Oasis in Little Havana

The new 12-story residential community is set to redefine Miami's vibrant Little Havana neighborhood. Designed by architecture firm CMA Architects, this contemporary development offers a range of thoughtfully designed one- and two-bedroom floorplans, perfectly blending style and functionality.

Situated at 450 SW Fifth St., just a stone's throw away from downtown Miami and with easy access to major highways and transportation links, this prime location offers convenience at its finest. Residents can enjoy a myriad of amenities, including a private bike storage room, inviting grilling areas, a state-of-the-art fitness center, an elegant clubhouse, and even a dynamic coworking center for those seeking a productive and inspiring work environment.

Boasting floorplans ranging from 622 to 850 square feet, each residence is carefully crafted to enhance the modern urban lifestyle. Whether you're a young professional seeking a stylish urban retreat or a couple looking for a cozy yet spacious home, this community has something to cater to your individual needs.

Close proximity to the bustling downtown area means an array of dining, shopping, entertainment, and cultural experiences are just moments away. Additionally, the Miami International Airport is a short 7-mile drive, making it convenient for those who love to travel or have frequent business trips. The esteemed University of Miami Health System is also within easy reach, providing world-class medical services for residents.

With its sleek design, prime location, and an array of amenities, this new residential community in Little Havana embodies the perfect blend of modern living and urban convenience. Experience the vibrant Miami lifestyle like never before at this oasis in the heart of the city.

Innovation in Miami's Housing Market Signals Growth

The housing market in metro Miami continues to flourish, with developers unveiling an impressive total of 5,868 new units as of August 2023. This amounts to approximately 1.7 percent of the existing housing stock, outperforming the national average, as recently highlighted by a comprehensive Yardi Matrix report. Interestingly, 16.3 percent of the newly introduced property options fall under the category of fully affordable residences. These statistics emphasize the commitment of Miami's real estate sector to providing inclusive and accessible housing opportunities for residents. The surge in construction activity reflects the exciting growth and development occurring throughout the region, positioning Miami as a top destination for both investors and prospective homeowners.