A Four Hundred Twenty Eight Home Addition to the Count
The Residences Claude Pepper adds 428 income-restricted apartments at 702 NW 18th Terrace in Allapattah, with a groundbreaking on 23 June 2026 and a handover in the third quarter of 2028. Related Urban Development Group develops the tower, CFE Architects designed it, and Miami-Dade County holds the land under a 99-year lease.
The tracker that carries the project prints a market block of 88 projects and 32,680 residences and keys under a Miami market heading that also names Allapattah. The block does not separate the Allapattah share from the city total, and it counts apartments and hotel keys in one figure.
Where the Income Bands Sit
Of the 428 apartments, 397 serve households at 20 to 80 percent of area median income, with a weighted average near 60 percent, per the release the Miami Times carried. Thirty one serve up to 120 percent as workforce units, and 83 are Link Units for residents with special needs.
The record publishes no rent schedule for the building and no dollar rent for any band. A 20 percent band and a 120 percent band are the published terms.
Four Hundred Sixty Seven Thousand Dollars a Home
The project cost sits near $200 million, which divides to $467,290 per apartment across 428 homes. The committed financing sums to $187 million and divides to $436,916 a home. The rentable area is 312,992 sq ft, or 731 sq ft a home.
The site runs 2.86 acres, which gives 291 sq ft of land per apartment. The building carries 410 covered parking spaces, or 0.96 per home.
The County Lease as the Affordability Mechanism
Miami-Dade County kept the land and signed a 99-year lease with the development team, per the release. The county’s stated purpose is long-term affordability, and the lease term runs well past the 30 years of income restriction the Live Local Act requires.
Ninety nine years of county ownership keeps the parcel on a lease and out of a purchase price. The published record carries no land value for this parcel, so the land share inside $467,290 a home cannot be separated.
The Sponsor Template Behind the Tower
Related Urban named the 350-unit Gallery at SoMi Parc in South Miami as a comparable in its own pipeline, per the Miami Times release. The Real Deal reported in January 2025 that the sponsor had filed plans to replace the 11-story, 103-unit Palm Towers and the six-story, 88-unit Palm Court on Northwest 95th Street with a 12-story, 316-unit public housing building.
A 428-unit tower, a 350-unit South Miami project and a 316-unit replacement on Northwest 95th Street give the sponsor three builds of similar size in one pipeline.
The 2028 Delivery Cluster Around the Site
The tracker lists neighbouring projects with their own dates. Aurea at Highland Park sits 0.4 mi away with a January 2028 date, Highland Park Miami 0.4 mi under construction, Carnegie Mellon University Miami 0.5 mi with a 2028 date, One West Twelve Residences 0.8 mi with 2028, Twenty Sixth and 2nd Wynwood Residences 0.8 mi in the second quarter of 2028, DUOS Wynwood 0.8 mi with 2028, Vista Harbor Residences 0.9 mi with 2029, JEM Private Residences 1.1 mi in the fourth quarter of 2027, Frida Kahlo Wynwood Residences 1.0 mi with 2029 and Delano Residences Miami 1.5 mi with 2031.
Six of those ten carry a 2027 or 2028 date, one carries none, and the Claude Pepper handover lands in the third quarter of 2028.
Four Hundred Ten Parking Spaces and a Community Center
The amenity list is a 4,400 sq ft community center, a fitness center, a co-working lab, a multipurpose room, a courtyard with a swimming pool, a barbecue area, a tot lot, bike storage and a package room. Apartments carry quartz counters, luxury vinyl tile, porcelain bath tile, Energy Star appliances and in-unit washers and dryers.
The record names no retail space, no commercial tenant and no hotel component on the 2.86-acre site.
What the Count Means for Lodging
Two hospital campuses sit within 503 m of the parcel on a straight line: Jackson Behavioral Health Hospital at 348 m and Jackson Memorial Hospital at 503 m. The Miami VA Medical Center sits at 1,009 m and UHealth Tower at 1,050 m.
The nearest hotel is SpringHill Suites Miami Downtown/Medical Center at 753 m, with Dunns-Josephine Hotel at 1,223 m and Arlo Wynwood at 1,305 m behind it. The pipeline block adds these apartments to a figure that also carries hotel keys, so 32,680 cannot be read as room supply.
The lodging read sits in two numbers: 428 income-restricted households from 2028, and the construction workforce the record does not count.
Three Figures to Recheck Next Quarter
The first is the Allapattah share of the tracker’s market count, which the block does not publish. The second is a rent schedule for the 428 homes, which no release carries. The third is the delivery month inside the third quarter of 2028, which sets when the first income-restricted households arrive.
The 32,680 figure sits inside every other Miami read built on the same block, so a change there resets the city comparison.