Related Group Kickstarts Construction of 176-Unit Mixed-Income Community in Miami's Little Havana

Construction has commenced on Gallery at Marti Park, an exquisite mixed-income community in the vibrant city of Miami. The visionary project, helmed by the esteemed Related Group, is expected to be completed by the fourth quarter of 2025, promising to add a touch of elegance and charm to the neighborhood. Strategically located on a site that formerly housed a modest one-story community center, the developers have secured a 75-year ground lease with Miami-Dade County.

Gallery at Marti Park aims to cater to a diverse group of residents, offering a range of housing options to meet varying needs and incomes. With a total of 176 units, approximately half of them will be leased at market rates, ensuring that discerning individuals can find their perfect home. The other half of the development will be reserved for individuals and families from various income brackets, ensuring that affordability is a key focus.

Notably, this remarkable community will allocate a portion of its units to low-income seniors under the esteemed Rental Assistance Demonstration program. This commitment to providing comfortable and convenient housing for seniors highlights Related Group's dedication to fostering an inclusive and supportive environment. Additionally, a significant number of the units will cater to households with earnings ranging from 80 to 120 percent of the area median income, ensuring that those who contribute to the dynamic fabric of the community have a place to call home.

Welcome to the vibrant community designed by CMA Architects!

Discover the perfect blend of comfort and style in our one- and two-bedroom floorplans, ranging from 622 to 850 square feet. As reported by Florida YIMBY, this 12-story building offers an array of amenities to enhance your lifestyle. Keep your bike secure in our private storage room, savor the delicious flavors of outdoor grilling areas, stay fit in our well-equipped fitness center, connect with neighbors in our clubhouse, and find inspiration in our convenient coworking center.

Conveniently located at 450 SW Fifth St., within Miami's vibrant Little Havana neighborhood, our community puts you just a stone's throw away from the bustling downtown Miami. With easy access to Interstate 95, you'll have no trouble exploring all the city has to offer. Plus, the Miami International Airport is only 7 miles away, perfect for jet-setters. If you're seeking medical care or pursuing education, the University of Miami Health System is less than 3 miles from our doorstep.

Metro Miami Leads in New Affordable Housing Construction

In a recent report by Yardi Matrix, it was revealed that developers in metro Miami have made significant strides in boosting the city's housing stock. As of August 2023, a total of 5,868 new units were brought online, making up 1.7 percent of the city's housing inventory. Surpassing the national average, Miami showcases its commitment to addressing the pressing issue of affordable housing.

Of the newly developed units, an impressive 16.3 percent have been designated as fully affordable properties. This demonstrates the city's dedication to ensuring that individuals across various income brackets have access to safe and affordable housing options. These efforts not only provide relief for low-income residents, but they also contribute to the overall stability and inclusivity of the community.