Related Group Plans 700‑Unit, Transit‑Rich Gallery at SoMi Parc in South Miami

Key Points

• 700 new units planned in two 15‑story towers under Gallery at SoMi Parc, bringing the total to 872 apartments on site.

• 40% workforce housing component approved under Florida’s Live Local Act (up to 120% AMI).

• Walking distance to South Miami Metrorail, with 48,336 SF of commercial space and 724 parking spots.

Related Urban Development Group, in partnership with Miami-Dade County, is moving forward with the second phase of its SoMi Parc redevelopment—Gallery at SoMi Parc, a two-tower, transit-oriented, mixed-income complex. The project will boost density using the Live Local Act, adding hundreds of new apartments and expanding the site’s workforce housing supply near the South Miami Metrorail.

What’s Being Built

• Two 15-story towers, designed by Modis Architects, rising roughly 153 feet.

• 700 rental units, adding to the 172-unit Residences at SoMi Parc, for a total of 872 apartments on the site.

• 48,336 square feet of ground-floor retail and office space to activate the streetscape.

• 724 parking spaces in a six-level garage between the towers.

• Seven-minute walk to the South Miami Metrorail Station, boosting connectivity for residents.

Live Local Act: Boosting Density and Affordability

• Florida’s Live Local Act allows developers to build higher-density housing with parking flexibility if at least 40% of units are reserved for workforce housing at or below 120% of area median income (AMI).

• Without the Act, zoning would limit the project to about 530 units; under the new law, Related can reach about 250 units per acre, unlocking the 700-unit phase.

• This aligns with Miami-Dade’s median household income and aims to address rising housing costs for middle-income workers.

Market and Investor Perspective

• Transit-oriented density can support higher demand and rent premiums, which appeals to both long-term owners and institutional investors.

• The retail component brings additional income streams and makes the project more resilient by diversifying revenue.

• The first phase, Residences at SoMi Parc, opened in 2024 with 172 units financed through Low-Income Housing Tax Credits and county support, replacing outdated public housing.

Timeline and Next Steps

• Plans were submitted for site plan review with Miami-Dade in mid-June.

• Demolition of older structures on the 3.26-acre site will come first.

• If approved on schedule, construction could begin in late 2025 with delivery as early as 2027 or 2028.

Conclusion

Related’s Gallery at SoMi Parc shows how developers are leveraging state policy tools like the Live Local Act to increase density near transit while delivering more workforce housing. For investors and landlords, this is a strong example of transit-oriented development that can capture long-term demand and value in a tight South Florida housing market.