Related Group Opens Miami Mixed-Use Development

The 172-unit property marks the first phase of a transit-oriented master plan.

Related Urban Development Group—the affordable and workforce housing arm of Related Group—and Miami-Dade County’s Public Housing and Community Development have opened Residences at SoMi Parc, a 172-unit mixed-income housing community in South Miami.

  • Aerial view of the property.
  • Residences at SoMi Parc
  • Residences at SoMi Parc
  • Residences at SoMi Parc
  • Residences at SoMi Parc

A total of 80 percent of Residences at SoMi’s units are reserved for households earning at or below 80 percent of the area median income, with 58 of the units being under the Rental Assistance Demonstration program. The remaining 20 percent of the apartments will be market-rate.

The financing for the project included 9 percent in low-income housing tax credits awarded by the Florida Housing Finance Corp. and more than $6 million provided by Miami-Dade County from a combination of sources including Surtax, AHTF, CDBG and DIAF. The Huntington National Bank provided a $44 million construction loan, according to Yardi Matrix data. The construction financing also included a $2 million loan from the Miami-Dade County, $1.6 million from Related Group and $1.2 million from Jones Lang LaSalle.


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Designed by CIVICA Architecture, Residences at SoMi Parc comprises three buildings with one-, two-, three- and four-bedroom floorplans ranging between 404 and 1,088 square feet. The common-area amenities at the mixed-use development include a fitness center, a swimming pool, a business center, a clubroom, a courtyard, a gazebo, a dog park, bike storage, electric vehicle parking stations, controlled access and approximately 215 parking spaces. Units feature washer and dryers, kitchen appliances, private balconies and walk-in closets. The property will also comprise 10,000 square feet of community-oriented commercial space on the ground floor.

Located at 5961 SW 68th St., the transit-oriented development is conveniently positioned just two blocks away from the South Miami MetroRail Station. The University of Miami, Baptist Health South Miami Hospital and Marshal Williamson Park are within walking distance of the property. The community is also close to Route 1, which provides easy access across the Miami metropolitan area.

The public-private, mixed-income and transit-oriented project

The Residences at SoMi Parc SoMi Parc—the latest venture by Related Urban—signifies their 27th collaboration with PHCD. Chosen through a rigorous process in 2020, Related Urban was tasked with revamping the South Miami Gardens public housing area, ensuring replacement residences for current residents, and introducing a mix of affordable, workforce, and market-rate units.

Residences at SoMi Parc represents the first phase of SoMi Parc Master Plan, the public-private, mixed-income and transit-oriented project which intends to revitalize the existing South Miami Gardens public housing. Upon its completion, the project will deliver more than 500 units of mixed-income housing.

The $158 million estimated mixed-use affordable housing development in South Miami will replace the South Miami Gardens public housing. The second phase of the SoMi Parc Master Plan is Gallery at SoMi Parc, which will feature 386 apartments, 20 townhouses with ownership opportunities and approximately 8,100 square feet of commercial space, as reported by Miami Today News.