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]