Construction began last week on the Residences at Marina Village, a new development from Related Urban and Riviera Beach Community Redevelopment Agency that will bring 149 mixed-income apartments to the Riviera Beach waterfront district.

Part of a larger master-planned redevelopment of the area, the Residences at Marina Village received a $15.4 million State Apartment Incentive Loan through the Live Local Mixed-Income, Mixed-Use and Urban Infill Developments program from Florida Housing Finance Corporations. It was the first project in the state to do so.

Homes in the eight-story building will be reserved for those earning between 30% and 110% of the area median income. The community will feature a pool, fitness center, structured parking and mixed-use retail space, plus views of the Intracoastal Waterway.

“Residences at Marina Village is a key milestone for Related Urban and for Riviera Beach,” said Albert Milo, Jr., President of Related Urban Development Group. “As our first project in the city, it’s about more than a building – it’s about giving working families a real chance to thrive. Too many households in the area face rising rents, long commutes and the threat of being priced out. With these high-quality, attainable homes, families can live near their jobs, schools and the heart of the community. We’re proud to help create stability, opportunity and a place people can feel proud to call home.”