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Related Urban Development Group (RUDG), the affordable and workforce housing arm of Related Group, together with Miami-Dade County, recently celebrated the groundbreaking of Serenity Liberty Square, the fourth phase in the ongoing redevelopment of the city’s historic Liberty Square.
The new mixed-use development will include 193 units of mixed-income housing across three buildings available to families and individuals earning 30-80 percent of the area median income (AMI). Residents, both old and new, also will have access to improved amenities, green spaces and enhanced infrastructure.
The latest of nine phases, Liberty Square Phase Four will welcome home the remaining 27 original families that lived in the neighborhood prior to the redevelopment, preserving its rich heritage for years to come. Construction on Liberty Square Phase Four is expected to conclude in March 2025.
“With each phase of the Liberty Square redevelopment project, Related is not just building homes, we’re building a brighter future for this historic community,” said Albert Milo, president of RUDG. “From the beginning, our priority has been ensuring that Liberty Square continues to stand as a testament to the power of transformation and the enduring spirit of its residents. This is a significant stride towards providing more accessible and vibrant housing options.”
The new property will house the new Jessie Trice Healthcare Center, which will provide essential medical services and support to surrounding areas. The development also will include the new headquarters for the Miami-Dade Chamber of Commerce and serve as a hub for business development, networking and economic growth, further strengthening the fabric of the Liberty Square community.
Liberty Square Phase Four is made possible through various funding sources, including Tax-Exempt Bonds, Low-Income Housing Tax Credit (LIHTC) Equity, the Florida Housing State Apartment Incentive Loan program (SAIL) and Miami-Dade County Surtax. Notably, $2 million loaned to a previous phase of Liberty Square has been repaid by RUDG in advance and will be redeployed for the development of Phase Four.
Upon completion of all nine phases, the 60-acre Liberty Square will include approximately 1,900 new public, affordable and market-rate units, as well as a variety of community amenities. This includes renovations to the historic Liberty Square Community Center, a new educational center, healthcare facilities, a national grocer, ample green spaces and more.
Despite challenging market headwinds plaguing the affordable housing market across the nation, RUDG is making significant progress throughout Miami-Dade County in delivering accessible housing to the residents who need it most. Over the past several months, the company has broken ground on two additional affordable and mixed-income housing communities, Lincoln Gardens Elderly and Princeton Landings.
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