Miami-Dade County, Related Group Celebrate Grand Opening of Latest Phases in $1B River Parc Master Plan

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Paseo del Rio
Phase V of the River Parc master plan: Paseo del Rio,  located at 1401 NW 7th Street, is a newly constructed, 182-unit, 7-story development completed in August 2023. The project serves households at 30-percent, 60-percent and 80-percent area median income (AMI) and includes studio, one-bedroom and two-bedroom apartments. Resident amenities include a multipurpose room, fitness center, business center, dog park, bike storage, outdoor grill areas and resident courtyard. The ground level will include an approximately 3,000-square-foot Pinecrest Bakery set to open in Q1 2024.

Miami-Dade County, in partnership with development leader Related Group, celebrated the grand opening of Robert King High and Paseo del Rio, two newly completed affordable housing communities in Miami’s Little Havana neighborhood. Delivering a total of 497 residences, the properties serve as the fourth and fifth phase of the ambitious River Parc master plan, respectively.

Robert King High
Phase IV of the River Parc master plan: Robert King High, located at 1405 NW 7th Street, is the substantial rehabilitation of a 315-unit elderly public housing high-rise originally constructed in 1964. The project serves extremely low-income seniors under the Department of Housing and Urban Development’s (HUD) Rental Assistance Demonstration (RAD) program. The renovation effort commenced in October 2020 and was completed in August 2023. As part of this project, Related Urban also completed an in-depth renovation of the Robert King High Community Center, a one-story clubhouse adjacent to the residential towers, in October 2022. The ground level includes a 1,500-square-foot minority, woman-owned neighborhood convenience store.

“These two community developments, and the broader River Parc plan, show the true potential of public and private partnerships to increase the supply of affordable housing and tackle the affordability crisis,” said Miami-Dade County Mayor, Daniella Levine Cava. “In partnership with Related Urban, we’re going beyond simply creating residential units. We’re creating a multi-generational community where everyone can afford to live and thrive.”

“Solving Miami-Dade County’s affordability crisis requires nothing short of an all-of-community effort,” said District 5 Commissioner Eileen Higgins. “Today’s ribbon cutting is the result of an intentional, years-long effort to marshal all the resources at our disposal to achieve this goal and offers further proof of Miami-Dade County’s steady progress towards ensuring that all of our residents have an affordable place to live.”

“These two completions are a major step forward in our broader vision for River Parc, and a testament to the impact of this type of large-scale, neighborhood-wide repositioning effort,” said Albert Milo, President of Related Urban, the affordable and mixed-income division of development powerhouse, Related Group. “We look forward to continuing to work with the County to not only complete this master plan but also identify additional opportunities to fulfill the Related mission of ‘building better cities.’”

River Parc is one of Miami-Dade County’s largest mixed-income redevelopments. Upon completion, the community will span more than 2,500 units of affordable, workforce and market-rate apartments, including the recently completed 150-unit Gallery at River Parc. Residents will enjoy access to the aforementioned Robert King High Community Center, while 15,000 square feet of commercial space will be available. Full completion of the 10 phases is expected by 2027. Both properties are now fully leased and occupied.