Check out construction progress at Aria on the Bay

53-story bayfront tower will be topped off next April

TRD MIAMI /
Jun.June 02, 2016 01:30 PM

Construction crews are now building past Aria on the Bay’s 11th floor pedestal and are on track to deliver the building by the end of 2017.

Melo Group is building the 648-unit, 53-story bayfront tower in Edgewater. The condo project is more than 70 percent sold with units under hard contract, Melo announced on Thursday.

The developer closed on $95 million in construction financing for Aria on the Bay in August, and went vertical in December. Construction is moving at a brisk pace, with crews completing about one floor a week, the developer said. Aria will be topped off in April 2017.

Cervera Real Estate is handling sales for the units, which range in price from $400,000 to nearly $13 million for the penthouse.

Buyers at the 648-unit tower are primarily from Latin America – including Venezuela, Brazil, Mexico and Argentina – with an increased buyer pool from the United States, a spokesperson told The Real Deal.

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.

 

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