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Related Group Breaks Ground on Nation’s Largest O-Zone Resi Project

Related Urban Development Group broke ground for Three Round Towers B&C/Brisas del Este, an affordable housing development that will encompass three buildings for a combined total of 383 units in the Allapattah area of Miami-Dade County. Total development cost is more than $106 million, and the project is reportedly the largest of its kind in the nation to utilize Opportunity Zone Funds.

The Three Round Towers development site was originally built in 1970 on approximately 6.98 acres. Tower A was substantially renovated in 2018, and the current project will include a major rehabilitation of Towers B and C along with the construction of Brisas del Este, a 120-unit affordable housing project.

Mayor Carlos Gimenez said. “Miami-Dade’s public-private partnership with Related Urban Development Group has been a key component leading to the success of this particular project, and I look forward to the county’s continuing wise use of P3s moving forward.”

Image credit: CM Design.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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