Miami may be known for its high real estate costs, but a new project from Related Group will add some affordable housing to the city. Related Urban Development Group recently secured a $23.1 million construction loan for a mixed-income redevelopment of Liberty Square in the Liberty City neighborhood, The Real Deal reported. The first phase of the project, which is expected to open in spring 2019, will have 204 units in six-garden style buildings: 73 public housing units, 121 affordable apartments and 10 units of workforce housing. Liberty Square is one of the country’s oldest public housing projects, dating to the 1930s.

Elsewhere in Miami real estate news this week:

• Lennar Corp. recently paid $7.5 million for a 105-unit townhouse development on a 7-acre former trailer park in Fort Lauderdale, according to The Real Deal. The project, The Reserve at Edgewood, includes two- and three-bedroom townhomes that range from 1,100 to 1,400 square feet and are priced from the low $300,000s.
• A Fort Lauderdale mansion that went on sale is now Broward’s most expensive home at $39 million. The 20,000-square-foot home has five bedrooms, 17 bathrooms, seven powder rooms and sits on 300 linear feet of water, but that’s not all — an eight-car garage, a gourmet kitchen, a formal office, an elevator, a media room, a game room, a gym and wine storage, according to Curbed Miami.
• Miami Agent magazine has documented the rise of the use of Bitcoin in the city, and now a new listing there is only accepting Bitcoin. The home, which is listed for 33 Bitcoins — a little more than $550,000 — is in Edgewater at Platinum Condominium and has one bedroom, one-and-a-half bathrooms and views of Biscayne Bay, Curbed reported.