arts
Developer seizes on affordable, workforce market with condos, townhomes
By Lidia Dinkova at The Real Deal
· June 8, 2026
· 1 min read
Developer Ellen Buckley plans 93 homes at below-market sale prices in two Miami -Dade County projects, amid South Florida’s affordable housing crunch. Prospera Real Estate Collective –– led by Buckley, a former VP and director of development at Terra –– wants to develop a five-story, 56-unit condo bu
Key takeaway Miami-based Prospera has a pipeline of more than 1,800 residential units, spanning affordable, workforce and luxury homes, across Florida, Arkansas, Georgia and North Carolina.
Why this matters in The Miami
The move by Prospera Real Estate Collective to develop below-market condos and townhomes in Miami-Dade County comes at a critical time for the area's affordable housing landscape. With neighborhoods like Little Havana and Wynwood experiencing rapid gentrification, the availability of workforce housing is dwindling, pricing out long-time residents and essential workers. Ellen Buckley's projects in Coconut Grove could help alleviate some of this pressure, providing a rare opportunity for middle-income buyers to own homes in a desirable area. As Miami continues to grapple with the challenges of sea-level rise and flooding, the preservation of affordable housing stock will be crucial in ensuring that the city remains viable for a diverse range of residents, not just luxury buyers. The success of these projects will be closely watched, particularly in terms of their impact on the surrounding communities and the potential for replication in other neighborhoods.
About this story
Original reporting by The Real Deal . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: arts ·
Published: June 8, 2026 ·
Source: The Real Deal ·
Reading time: 1 min
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Frequently asked about this story
What is this story about? Developer Ellen Buckley plans 93 homes at below-market sale prices in two Miami-Dade County projects, amid South Florida’s affordable housing crunch. Prospera Real Estate Collective –– led by Buckley, a former VP and director of development at Terra –– wants to develop a five-story, 56-unit condo bu
When was this published? This article was first published on June 8, 2026 by The Real Deal and curated for The Miami readers.
Who reported this story? This story was reported by Lidia Dinkova at The Real Deal. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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