MIAMI — Developer Housing Trust Group (HTG) and construction firm ANF, both locally based, have topped out the Rhapsody at Rainbow Village project in Miami’s Overtown neighborhood. The development team broke ground in June, and completion is slated for early 2027. Units will be reserved for income-qualifying residents who earn at or below 30, 50, 60, 70 and 80 percent of the area median income. Monthly rents for the one-, two- and three-bedroom apartments will range from $793 to $2,634. HTG reports Miami median rents range from $1,875 to $9,070 for comparable units.
Rhapsody at Rainbow Village will feature 310 affordable units and approximately 12,000 square feet of retail space across a 698,000-square-foot site at 2000 NW 3rd Ave. The community will offer amenities that include a resort-style pool, fitness and business centers, a daycare and playground, courtyards, a theater room, a juice bar, bike storage, study areas and a community center with a kitchen.