A second new condo tower has been completed in the Edgewater neighborhood of Greater Downtown Miami by the same developer that started this current South Florida preconstruction boom in April 2011. [more]
Posts Tagged ‘melo group’
As real estate professionals mingled at The Real Deal’s Broward Real Estate Forum & Showcase, TRD’s Managing Editor Ina Cordle discussed the industry with developer Carlos Melo of the family-operated Melo Group. Comments
Aria on the Bay, an upcoming luxury tower from the Melo Group, was recently approved for construction by the FAA.
The 53-story tower had planned to build up to 535 feet, but the FAA suggested to downtown Miami developers in January that they should limit the height of new projects east of Miami International Airport to less than 475 feet.
Swire Properties, Florida East Coast Realty, MDM Development and Melo Group received letters from the agency suggesting that they should limit the size of their upcoming towers — all of which exceeded the proposed 475-foot maximum.
Now that the project has been approved, Melo Group has begun converting reservations to contracts and is expecting to break ground soon, a publication reported. [more]
The Federal Aviation Administration wants to limit the height of big projects in downtown Miami and the Brickell area. [more]
The Melo Group is reaching new heights. [more]
The Melo Group picked up a property close to Miami’s performing arts center for $16 million.
The 1.6-acre site is a few blocks west of the Adrienne Arsht Center for the Performing Arts, the South Florida Business Journal reported. The deal also involved $11 million in seller financing. [more]
Melo Group received a $67.1 million construction loan from TotalBank for its Melody apartment project under construction in Miami’s Arts and Entertainment District.
The developer broke ground on the 36-story, 497-unit building last month. TotalBank provided the financing in a transaction announced by a Melo spokesperson on Tuesday. Melody is being built at 245 Northeast 14th Street, adjacent to the Adrienne Arsht Center for the Performing Arts. [more]
Some three years after igniting the current vertical residential development boom in South Florida, the seemingly instinctive Melo Group is preparing to launch sales for its third new condo tower in Greater Downtown Miami since the recovery began from the last real estate crash.
Next month, Melo Group plans to begin presales for the proposed 53-story, 647-unit Aria on the Bay condo tower designed by acclaimed architectural firm Arquitectonica on a North Bayshore Drive site across from Margaret Pace Park in the Edgewater neighborhood.
The project will mark the largest South Florida residential project to date for the family-owned company that delivered its first Miami tower in August 2003. All told, Melo Group is currently constructing – or has already developed – more than 3,000 rental and condo units in the city. [more]
Miami developer Melo Group wants to build a pair of rental apartment buildings near the Adrienne Arsht Center for the Performing Arts.
Melo is slated to present the latest design for Melody Tower to the city’s Urban Development Review Board on Wednesday, according to a written announcement from a company spokesperson. The developer plans to construct a 36-story mixed-use rental building at the 245 Northwest 14th Street site, which is adjacent to the Arsht Center.
“With the Arts & Entertainment District building momentum as a world-class cultural epicenter in the Southeast, one thing is still lacking – a luxury residential community that serves young professionals who work in the area,” Melo principal Carlos Melo said. [more]