Just more than a month after Flagler Villas broke ground in Miami-Dade County, Related Urban Development Group has proposed the venture’s second phase, which would be located a block away.
Plans call for 98 one-bedroom and two-bedroom apartments, aimed at seniors earning 30 percent of the area median income (AMI). According to Miami-Dade County records, the AMI was $79,400 as of April 2024. Under these parameters, a qualifying one-person household would make $23,850 annually.
The first phase of Flagler Villas (pictured) broke ground last month. Image from the developer’s site
The South Florida Business Journal reports that Miami officials will consider awarding $5 million through the Miami Forever Bond––the same value that the city acquired the property for in 2024. The 28,920-square-foot lot currently hosts an office building.
As noted, the first phase of Flagler Villas is still currently under construction. The community will offer 60 units for seniors making at or below 30 percent of the AMI. Amenities will be located on the six-story building’s ground floor, featuring a laundry room and on-site property management services. Construction is expected to take 18 months, putting completion in the third quarter of 2026.
The second phase of Flagler Villas will be located at 5350 W. Flagler St., Miami, FL, 33134, in Miami-Dade County. More specifically, it’ll be in the area’s Flagami neighborhood.
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