Miami’s skyline continues to transform with the arrival of three massive tower cranes at the Rainbow Village construction site—a $185 million development project located on county-owned land at the border of Wynwood and Overtown. The installation of the cranes marks a major milestone in the progress of this highly anticipated mixed-use community.
A New Chapter in Inclusive Urban Living
Developed by Housing Trust Group and designed by renowned architecture firm Zyscovich, Rainbow Village is more than just another development—it’s a vital investment in affordable urban housing.
The project will bring:
- 🏠 310 affordable housing units, ranging from studios to three-bedrooms
- 🛍️ 12,000 square feet of retail space, ideal for small businesses and neighborhood-serving shops
- 🎯 Over 50,000 square feet of amenities, expected to include communal spaces, fitness areas, and possibly educational or cultural facilities
- 🚗 442 parking spaces to serve both residents and visitors
What sets Rainbow Village apart is its commitment to affordability in the heart of one of Miami’s most desirable creative districts. Unit pricing will be income-restricted, starting at $793 per month, with larger units capped at $2,634—providing attainable housing in a rapidly developing part of the city.
Strategic Location: Bridging Wynwood and Overtown
Positioned just steps from Wynwood’s art-covered walls and cultural attractions, and rooted in the historic soul of Overtown, Rainbow Village stands at a powerful intersection of heritage and growth. The project reflects Miami-Dade County’s ongoing effort to stimulate equitable urban development and strengthen community access to housing.
Timeline and Outlook
Construction of Rainbow Village is officially underway, with completion expected in Q1 2027. The installation of tower cranes signals that vertical construction is ramping up, bringing the project one step closer to delivering much-needed housing and mixed-use space to the area.
This development is poised to be a game changer—not just architecturally, but socially—offering a vision of Miami where culture, affordability, and growth coexist.