Related To Break Ground On Affordable Housing In Brickell Later This Year

Brickell is set to get a housing project geared to those with low to mid income levels, developed by Related Group

Gallery Of West Brickell is set to be built on the Northwest corner of 2nd Avenue and 10th Street, and will include:

  • 8 Public Housing units
  • 40 affordable-housing units (income under $23,500)
  • 229 market-rate units. (income between $23,500 and $66,000)

A ground floor art gallery will display the works of up-and-coming artists as well as provide space for events and social gatherings.

Related is seeking local affordable housing funding, while also trying to sell 80/20 tax free bonds to finance construction.

Groundbreaking is expected in the third quarter.

Demand for affordable housing in the area is high. Brickell View Terrace, which was recently completed nearby, received 8,000 applications for 100 affordable units, according to the DBR.

 

 

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Really???
4 years ago

You guys should go look at affordable/workforce house before you comment on this. To be hones if you go in most cities this looks like and other run of the mill market rate building.

Bringing affordable units to an area like Brickell is badly needed. The other buildings built in west Brickell were filled up immediately. Lets be honest with the amount of vacant or underutilized land in west Brickell alone you could probably build 30 buildings.

We need buildings where people from all incomes, experiences, etc. can live to create a vibrant city. Not a bunch of safety deposit boxes for rich people to come hand out a couple of months a year.

Brickell/Downtown is filled with plenty of jobs paying $30k to $65k but not a lot of places for people making that kind of money to live. I’d rather have them living in the area instead of clogging up the streets driving in.

And to be honest the luxury market is essentially tapped out. In a a year or so there aren’t going to be to many developers starting new projects until the current oversupply gets absorbed. I’d rather see developers working on projects like this providing more options and keeping people employed instead of sitting around and waiting for the next wave of international money.

Anonymous
4 years ago

I can’t believe the comments on here already about this. People will complain about everything. This is great, if Related wants to come in and build affordable housing in Brickell, let’s celebrate it. Also, not to hate on Melo, but it does look a little better than Melo.

Anonymous
4 years ago

No one is complaining that Related is building affordable housing. The problem is that he is building it in the same neighborhood where he and others have built and planned and already sold luxury buildings just a few blocks away for $500, $600, and over $700 per sq ft. Millicento, SLS, FlatIron, Reach and Rise etc. I wonder if Related and other brokers reveal that to their clients. Maybe it is just me, but I would never pay $600 per sq ft knowing that public housing is just down the block. It devalues the neighborhood.

Really???
4 years ago

This has got to be one of the most ridiculous things I’ve heard. So they take down 40 year old 2 story old dilapidated public housing where people were renting for $800/mo and replace it with a modern 20 story building where people are going to be renting for $2000 and this is going to bring down the neighborhood?

J.
4 years ago

Then you REALLY??? are what we call an elitist…

Anonymous
4 years ago

Move to the suburbs in a gated community if you want to be segregated from a majority of the population.

Anonymous
4 years ago

if you want only rich, move to fisher island. most of us live in the city to try to experience some diversity. its pretty boring surrounded only by the rich. a lot of people on miami beach are opposed to light rail because they say it will transport the riff raff and/or homeless from downtown and hialeah to the beaches… this kind of thinking though i cannot say is wrong because its someone’s opinion to me doesn’t make sense. i moved here many years ago expecting miami to turn into a nyc and crave the urban experience of being close to both rich and poor. miami needs to start building more affordable housing next all over the central business district.

Anonymous
4 years ago

You are missing out on the knowledge necessary to make any intelligent commentary on this subject. Seek to understand, then to be understood.

Anonymous
4 years ago

Go to any major city around the world (with exceptions) and a few blocks away from top neighborhoods you will find low income housing. People that make $30-$40,000 a year drive the American economy. Smart move and the trickle affect should be solid. Job creation, further construction, and population growth.

Anon
4 years ago

Sure there is an affordable element, but the majority of this is market rate which is desperately needed in Brickell. Not all 20somethings have a trust fund or Mommy and Daddy to buy/rent them a condo at Icon or such. Designing something that young people can afford will help Brickell grow as a great neighborhood.

CEC
4 years ago

There is no such thing as “affordable” housing. We are talking about “subsidized” housing whereby some government agency takes money from the tax payers, either directly or indirectly, and redistributes lt in the form of housing subsides to a select group. A concrete block costs the same and the labor to put it in place costs the same no matter if the building is rented or sold at market rates or subsidized rates. The variable in housing costs is the cost of the land; therefore, to make housing “affordable” the land must be cheaper. That is, cheaper housing cannot be constructed in the Brickell area or other areas of the city where land costs are high except by taking from one group to give to another. In order to solve the problem of affordable housing equitably, the housing units must be constructed outside of the expensive sections of the city and a reliable transportation system (read trains) constructed to bring people to the center of the city.

aceraroja
4 years ago

Yeah well the group they’re taking from are 17th generation oligarchs who inherited land from royal grants and literally, title to the human beings on them. So fuck em. Let them pay another shred of a percent in taxes to house their workforce in semidecent housing.

J.
4 years ago

This is great. Miami needs more projects like this. And before anyone gets their panties in a bundle (though some have already) there is only 8 public housing units. Fuckin 8. That is not very much at all. If it were a tower of public housing units then yes, I would be skeptical but 8 is not going turn Brickell into a slum.

Ricky
4 years ago

I don’t understand the hate in bringing affordable housing to the downtown area and especially Brickell. As long as it brings more people to the downtown area, who cares on who develops it and designs it as well. The building looks decent for affordable housing. Better than some units I have seen in other cities.

aceraroja
4 years ago

Aside from the brutally hideous parking garage, it’s 10 times better than the typical white-stucco bubble buildings.

Anonymous
4 years ago

It still looks better Related’s upscale and market rate stuff like Icon Bay and MyBrickell. The latter is especially ugly, and perhaps the worst building from the entire boom.

Anon
4 years ago

The size/concept of MyBrickell is great. The exterior design is horrendous.

aceraroja
4 years ago

Weird, I think it’s one of the best buildings around there from the bubble. It’s not white stucco with blue-glass balconies with a pool about to collapse into its garage because it was built out of Chinese drywall.

Marc305
4 years ago

Here is something that not everyone is aware of, there are a lot of financial incentives to build affordable rental buildings. These incentives usually have a time clause, meaning that after X amount of years, those buildings no longer have to offer affordable housing and can either become regular apartments or be sold as condominiums.

This is a win, win, win for developers. They get to build something that does not have to be architecturally impressive which makes it affordable to construct, they get immediate income by renting it to 100% occupancy due to its high demand, and in time they have the freedom to increase the rents to market value or make a killing by selling all the units as condos. This last part is especially critical in West Brickell which in the next 5 to 10 years will continue to increase its property value to incredible heights.

Anonymous
4 years ago

Anyone thinks it’s time to up zone West Brickell ?

Edin
4 years ago

Related,this time 2 thumbs up!!!!!!!—‘

Dave
4 years ago

I think this is on the corner of SW 10th and 2nd Ave

Danny
4 years ago

Related team has seen the sales slowing down, thus the way to get their property built is by pushing for affordable/workforce housing. This has nothing to do with them providing charity or caring. This is just so they can keep making $.

Many here think it’s a win for the poor or working, some believe it’s charity that RG is doing and others think it’s a hit to the neighboring properties. The project somewhat doesn’t fit the normal model. But it doesn’t matter much.

Politicians will whore this as it was their doing and Related team will push the Miami love story. In reality, it’s just Related Group finding another way to make money in each part of the cycle, just now with tax dollars.

The house always wins.

Anonymous
4 years ago

Nice story telling… people come up with whatever fiction fits their fancy and post it on here too often.

Anonymous
4 years ago

This is what Related is best known for…. building crap!

Anonymous
4 years ago

in denver, i believe all new construction has to include affordable units and/or public housing unless the developer pays money to the city in lieu of building the affordable units. maybe miami should try something similar…?

Anonymous
4 years ago

If people look at the example of San Francisco where Real Estate is so expensive that your average worker can not afford to live there this is a smart move. It will also keep the structuring going (which creates more jobs) instead of waiting 3 years for the current market to be absorbed. This is great and very smart.

D. Ares
3 years ago

I have been working on Overtown Global Transformation for the last year or so, and absolutely still need all the help we could get. I sent a letter to Jorge Perez explaining our Mission to transform Overtown 14 Street. Please, Jorge Perez if you read this; contact me so we can discuss my chances of working together.

Arthur aranha
2 years ago

Is the building complete now ?

Anonymous
4 years ago

I see that the Related brokers have the time today to complain on TNM that people omg, have the nerve to voice their opinions. Must be the slow market.

Anonymous
4 years ago

Horrible design. Bad concept.

Anonymous
4 years ago

Ah Related doing what they do best- low income housing.

Anonymous
4 years ago

And now bringing it to Brickell . . .sigh*

Anonymous
4 years ago

This design is so ugly and just plain dull. But when the demand is so high and the $$$ potential is there, then looks don’t really matter, does it Mr. Perez ?

JR
4 years ago

Having more people live in the city, like.. actually live in the units is what that area needs.

Anonymous
4 years ago

No!…Brickell should only be allowed for the wealthy. Not for poor ghetto people. Even if it ends up being empty.

TR
4 years ago

I agree with you. The esteemed and wealthy people of Brickell should be outraged at this. They want affordable housing ? Go to Overtown and rent around that soon to fail -no parking- Soccer stadium.

City Commissioner
4 years ago

Did trump just comment on here?!? You guys must be allergic to people who make under 50k a year and anything WEST of Miami Av.
You should daddy so he can fix it.

Danny
4 years ago

Is that you Frank Carollo?