VIDEO: Aria on the Bay tower goes vertical

Miami /
Dec.December 14, 2015 05:15 PM

Vertical construction is underway at Aria on the Bay in Miami’s Edgewater neighborhood.

About 800 trucks completed a concrete foundation pour of more than 8,000 cubic yards of cement at the site of the 53-story tower, at 1170 North Bayshore Drive, in November. Now, construction crews have started building up, according to a press release.

Buyers at the 648-unit tower are primarily from South America – including Venezuela, Brazil and Argentina – and from the United States, a spokesperson told The Real Deal in October. The project is more than 50 percent under contract.

The 53-story tower, at 1770 North Bayshore Drive in Miami’s Edgewater neighborhood, being developed by the Melo Group, is slated for completion in late 2017. Prices range from $400,000 to more than $12 million.

In August, Melo Group closed on $95 million in construction financing for Aria on the Bay.

Cervera Real Estate is the project’s exclusive sales and marketing brokerage. Amenities will include a 14th floor amenity deck, four swimming pools, fire pits, outdoor summer kitchens, a spa, gym, yoga studio and theater, according to the press release. It will also feature 20,000 square feet of commercial space on the ground and lower floors. Arquitectonica is the project architect. – Katherine Kallergis


Related Articles

arrow_forward_ios
SB Development’s Joseph Stern and Belmar Condominum at 419 Northeast 19th Street (LinkedIn, Google Maps)
SB Development completes bulk condo purchase in Edgewater
SB Development completes bulk condo purchase in Edgewater
788 Northeast 23rd Street (Condo.com, iStock)
Elysee closing tops Miami-Dade’s weekly condo sales
Elysee closing tops Miami-Dade’s weekly condo sales
From left: Oak Row Equities' David Weitz and Erik Rutter with Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
Oak Row Equities plans 400-unit apartment, office tower in Edgewater
Edgewater Tower (iStock)
Miami board rejects Aimco’s proposal for waterfront Edgewater tower
Miami board rejects Aimco’s proposal for waterfront Edgewater tower
The tower at 2150 North Bayshore Drive in Miami with Air Communities CEO Terry Considine and Mill Creek Residential CEO William MacDonald (Mill Creek Residential, Air Communities, iStock)
Aimco’s spinoff Air Communities pays $211M for bayfront Edgewater rental tower
Aimco’s spinoff Air Communities pays $211M for bayfront Edgewater rental tower
Edgewater Florida (iStock)
Here are the resi projects planned for Miami’s Edgewater
Here are the resi projects planned for Miami’s Edgewater
Aimco's Wes Powell with Edgewater (Aimco) Miami, High Rise
Aimco plans 60-story apartment tower on waterfront site in Miami’s Edgewater
Aimco plans 60-story apartment tower on waterfront site in Miami’s Edgewater
A rendering of the planned project with the Two Roads principals Reid Boren, Taylor Collins and partner Jim Harpel (Two Roads Dev)
Two Roads closes on $150M bulk condo purchase in Edgewater, plans three towers
Two Roads closes on $150M bulk condo purchase in Edgewater, plans three towers
arrow_forward_ios

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

Loading...