Gallery at SoMi Parc
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 on the former South Miami Gardens public housing site, beside the completed Residences at SoMi Parc, with 350 residences, under way since June 2026 and set to finish in Q3 2028. Financed with $86M from Merchants Bank of Indiana in June 2026.
Developed by Related Urban in partnership with Miami-Dade County on a county ground lease, the $167 million project delivers 350 rental apartments for households earning roughly 20 to 80% of area median income, including 51 Link units set aside for residents with special needs, financed with Low-Income Housing Tax Credit equity, private-placement bonds and a Florida Housing SAIL loan under the Live Local Act framework. Designed by Modis Architects, the building pairs the apartments with about 8,000 square feet of ground-floor commercial space and a six-story parking garage, bringing new mid-rise housing to a transit-accessible corner of South Miami near Marshall Williamson Park and the Metrorail corridor.
Construction 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.comUnder construction as of June 2026; two 15-story towers, ~700 units total, Related Urban / Modis Architects, Live Local Act workforce housing at South Miami Metrorail.
buttondown.comRelated 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 Jun 23, 2026).
connectcre.comMiami-Dade HCD issued a Finding of No Significant Impact for the 15-story, 350-unit building with a 6-story, ~480-space garage and ~8,000 sf of commercial space.
miamidade.govThe outlook for Gallery at SoMi Parc
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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.