Melo starts construction on Bay House condo

Miami /
Dec.December 13, 2013 02:15 PM

The Melo Group has started construction on the luxury Bay House condo tower in Miami’s Edgewater neighborhood, The Real Deal has learned.

Melo hosted a groundbreaking ceremony at the 600 Northeast 27th Avenue project site. The family-run development firm has already presold 107 of Bay House’s 167 units, according to the company. Melo hopes to complete the 38-story tower during the first quarter of 2015.

“Bay House will introduce a new standard of luxury living to East Edgewater that will be an important part of the area’s transformation into a thriving neighborhood,” Melo principal Carlos Melo said in a written statement. “We have been developing in the area for the last 10 years and now look forward to the successful completion of Bay House.”

During Thursday’s ceremony, Melo executives awarded more than $1 million in commission checks to brokers who arranged Bay House presales. Many of the early buyers are from South America, Mexico and Europe.

“Buyers, both here and abroad, are recognizing the value of owning a residence in a neighborhood that is centrally located and surrounded by some of Miami’s highest-end restaurants and shopping,” Cervera Realty managing partner Alicia Cervera said in a written statement. Her company is the exclusive sales partner for Bay House.

Bay House was one of five Edgewater developments showcased in a beaming light display that was installed during Art Basel week. — Eric Kalis


Related Articles

arrow_forward_ios
A photo illustration of J.J. Rendon and Elysee Miami (Getty, Elysee Miami, Oficialjjrendon, CC BY-SA 3.0 - Wikimedia Commons)
Venezuelan political activist J.J. Rendón buys Miami Penthouse for $15M
Venezuelan political activist J.J. Rendón buys Miami Penthouse for $15M
French soccer player Paul Pogba and a rendering of Aria Reserve Miami in Miami's Edgewater neighborhood (Getty, Melo Group)
Consolation prize? Soccer pro Paul Pogba buying Miami condos
Consolation prize? Soccer pro Paul Pogba buying Miami condos
Two Roads Development's Taylor Collins (Getty, Two Roads Development)
Two Roads’ Taylor Collins on slowdown, rising interest rates
Two Roads’ Taylor Collins on slowdown, rising interest rates
Juan Carlos Cachoua and 2699 Biscayne Boulevard (Dwntwn Realty Advisors, Twitter)
Mexican restaurateur sells Edgewater development site for $21M
Mexican restaurateur sells Edgewater development site for $21M
(Photo Illustration by The Real Deal with Getty Images)
After Ian: South Florida’s construction costs, insurance to rise
After Ian: South Florida’s construction costs, insurance to rise
Oak Row’s David Weitz and Erik Rutter, Lndmrk’s Alex Karakhanian with 2927 Northeast Fourth Avenue (LinkedIn, Lndmrk Development, Getty Images)
Oak Row and Lndmrk pay $23M for Edgewater dev site
Oak Row and Lndmrk pay $23M for Edgewater dev site
From left: Ansorg Development's Karl-Ulrich Ansorg, Tulip Group's Kobi Elbaz, Ofir Gabriel, and Amit Kort in front of 234-264 Northeast 34th Street in Miami (Getty, Google Maps, YouTube/Tulip Group Thailand, usbotschaftberlin, Public domain - via Wikimedia Commons)
Inside look at planned Edgewater mixed-use condo tower
Inside look at planned Edgewater mixed-use condo tower
From left: Sellers Leila and David Centner and buyer Amit Kort in front of 234-264 Northeast 34th Street in Miami (Getty, Google Maps)
Centner Academy owners sell Edgewater dev site
Centner Academy owners sell Edgewater dev site
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...