Under Construction

Gallery at SoMi Parc

South Miami · Mixed-Use

Gallery at SoMi Parc is a 15-story affordable apartment building rising at 5949 SW 68th Street in South Miami, the second residential phase of the SoMi Parc master plan beside the completed Residences at SoMi Parc.

Verified Sep 23, 2026~2 yrs to delivery
AnnouncedBreaking GroundConstructionOpening SoonNow Open
06.26
Start
2028
Completion
350
Units
15
Floors

Financed with $86M from Merchants Bank of Indiana in 06.26.

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Details

5949 Southwest 68th Street, South Miami. 15 floors and 350 residences. Broke ground Jun 2026, completing Q3 2028. Financed with $86M from Merchants Bank of Indiana in Jun 2026.

The story so far
Announced Mar 11, 2025Recorded "construction" appears overstated: trusted press (TRD Mar 2025, Florida YIMBY Jul 2025) shows only proposal/site-plan review as of mid-2025; no groundbreaking confirmed. Propose walking status back to announced for review.
floridayimby.com
Broke ground 2026 est.Related Urban and Miami-Dade County broke ground on the $167M, 15-story, 350-unit affordable building at 5949 SW 68th Street on a 99-year county ground lease (Connect CRE; CRE News 2026-06-23)
connectcre.com
Under construction 2026Under construction as of June 2026 per Miami development updates; two 15-story towers, ~700 units total, Related Urban / Modis Architects, Live Local Act workforce housing at South Miami Metrorail
buttondown.com
Financing secured Jun 2026Construction capital stack closed at groundbreaking: $86M private-placement bond (Merchants Bank of Indiana), about $60M LIHTC equity from Red Stone Equity Partners, $8.5M Florida Housing SAIL loan and an $8.5M Related Urban sponsor loan
connectcre.com
Expected opening Q3 2028
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
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About the project

Gallery at SoMi Parc is a 15-story affordable apartment building rising at 5949 SW 68th Street in South Miami, the second residential phase of the SoMi Parc master plan beside the completed Residences at SoMi Parc. Developed by Related Urban in partnership with Miami-Dade County on a 99-year county ground lease, the $167 million project delivers 350 rental apartments reserved for households earning roughly 20 to 80 percent of area median income, financed with Low-Income Housing Tax Credit equity, private-placement bonds and a Florida Housing SAIL loan. Designed by Modis Architects, the building brings new mid-rise housing to a transit-accessible corner of South Miami near the Metrorail corridor, US-1 and the shops and dining of downtown South Miami, extending Related Urban's long run of public-private workforce and affordable communities across Miami-Dade County.

Developer & design
Common questions

Frequently asked

Where is Gallery at SoMi Parc located?

Gallery at SoMi Parc is located in South Miami.

When will Gallery at SoMi Parc be completed?

Gallery at SoMi Parc is under construction, with completion expected in Q3 2028.

Who is developing Gallery at SoMi Parc?

Related Urban is the developer behind Gallery at SoMi Parc.

Who designed Gallery at SoMi Parc?

Gallery at SoMi Parc was designed by Modis Architects.

How big is Gallery at SoMi Parc?

Gallery at SoMi Parc rises 15 stories with 350 residences.