Bruce Namin already has a pricey present for his son, Shahab, when he graduates from Nova Southeastern University in a few years: an apartment in Paramount Miami Worldcenter. [more]
Posts Tagged ‘melo group’
The Melo Group just sealed $95 million in construction financing for its Aria on the Bay project in Miami’s Arts & Entertainment District — but the developer said it might not even need the money. [more]
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]
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]