The Related Group recently completed construction of Smathers Plaza II, an affordable housing project for residents aged 62 and up.
The 133-unit building rises five stories at 1025 S.W. 30th Ave. in Miami. It has 92 public housing units and 51 affordable units. The Miami-based company built it on land leased from Miami-Dade County for $24.1 million, using funds from the county surtax, a State Apartment Incentive Loan and a federal housing grant.
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