On Wednesday, shovels finally went into the ground at 1177 NW 62nd Street in Liberty City, as city officials and neighborhood leaders marked the ceremonial start of Yaeger Plaza, a new affordable rental building. The project is slated to bring about 135 apartments plus community-focused space, including room for a health clinic tied to the neighborhood's longtime Yaeger Clinic legacy. Officials highlighted a $3 million allocation from the city's Miami Forever general obligation bond program as a key piece of the financing and said the homes are targeted to low-, moderate- and middle-income households.
In a social post, the City of Miami called out the $3 million Miami Forever GOB commitment and emphasized the project's connection to the Yaeger Clinic's history in Liberty City. The post also tagged District 5 Commissioner Christine King among the officials on hand for the ceremony.
Project Financing And Approvals
City committee records show that Yaeger Plaza has been moving through the affordable-housing funding pipeline, with the Miami Forever bond allocation surfacing in Housing & Community Development Committee agendas. Those listings document a prior allocation of $3,000,000 in Miami Forever GOB funds to the project, according to the City of Miami agenda materials.
On the county side, the Housing Finance Authority signed off on a separate chunk of support. The authority authorized the issuance of multifamily mortgage revenue bonds in an amount not to exceed $31.5 million to help finance Yaeger Plaza, describing it as roughly 135 units for low-, moderate- and middle-income households, per Miami-Dade County.
Design And Developer Plans
Early filings outline an eight-story mixed-use building at the Liberty City site, with plans calling for a health clinic and ground-floor retail alongside the housing, according to the South Florida Business Journal. Later planning coverage referred to the project as Yaeger Plaza at 1177 NW 62nd Street, putting the unit count at roughly 135 apartments on a one-acre parcel, per Florida YIMBY.
Yaeger Clinic Legacy
The project's name is not an accident. It nods directly to the Yaeger family's long-running role in local health care. The Yaeger Companies' own profile traces the Yaeger Clinic in Liberty City back to the 1950s and details the family's philanthropic and health-service work in the neighborhood, according to Yaeger Companies. Community histories and youth essays have also recalled Dr. Carl E. Yaeger Jr. and the clinic's role in serving thousands of residents over the decades, a legacy that organizers say they want reflected in the new building's clinic space.
Timeline And Next Steps
Paperwork from the county's Housing Finance Authority indicated that the bonds tied to Yaeger Plaza were expected to be issued in 2025, while city committee notes from earlier this year recorded extensions of contract benchmarks as partners worked through closing and permitting. Those details appear in the HFA and HCDC records.
With the ceremonial groundbreaking now wrapped, project backers say the site will move into the construction phase while the city continues to monitor funding compliance and permitting milestones. Commissioner Christine King and other local leaders joined developers at the kickoff, as reflected in the city's social post, and officials said they plan to keep residents updated with construction progress through city channels as the work advances.
