Related Group wants to build an apartment project called The Gallery On The River on land owned by Miami-Dade county.
The project is proposed to include 160 units, of which 11 will be for public housing.
The 1.6-acre site is at 401 NW North River Drive, across from the popular Garcia’s Seafood restaurant on the Miami River.
Related is proposing to pay just $40,000 per year in rent for the property over 75 years, along with a one time payment of $400,000 and annual 4% increases.
Jack Orr Plaza, a 12-story elderly and disabled public housing building, is on adjacent property. Related was awarded that project earlier.
The Miami-Dade Housing, Social Services & Economic Dev. Committee is scheduled to vote on the lease at a September 9 meeting.
Jack Orr Plaza:
