Flagler On The River | 32 Floors | 321 Ft | Under Construction

Project Data:

Groundbreaking date:
Location:356 W Flagler Street, Miami, Miami
Developer: Melo
Architect: ITEC DEsign / Melo Architecture
Height: 32 Floors
Units: 300 residential

Updated 3/13/2013

Construction to begin in March 2013.

300 unit rental building with office space and ground floor restaurant.

Address: 356 W Flagler Street, Miami″]


Melo, which built 23 Biscayne, bought another property this month (June 2012) in Downtown Miami on the Miami river where they will build a high-rise residential project:

Miami Riverfront Acre Brings $4.5 Million

Cushman & Wakefield of Florida, acting as exclusive agent on behalf of Canpartners Realty Holding Company IV Miami River LLC, an entity related to Canyon Capital Realty Advisors LLC, announces the sale of 1.23 acres on the Miami riverfront.

The parcels represent a prime, mixed-use/multifamily, high-rise development opportunity along the Miami River and located just west of Interstate 95, between the Flagler Street and SW 1st Street bridges on the western section of Downtown Miami in Miami-Dade County, Florida. Multifamily marketing and brokerage specialists Rosendo Caveiro and Brad Capas, senior directors with Cushman & Wakefield’s Florida Multifamily Advisory Group, represented the seller in the transaction.

A development entity led by Melo Contractors Corporation acquired the parcels for $4,500,000 which equates to $84 per square foot or $3,659,000 per acre. Under the Miami 21 zoning designation of T-6 (Urban Core Zone), the site has a Floor Lot Ratio (FLR) of 548,859 square feet and can accommodate 184 residential units.

“This is one of the most exciting multifamily development opportunities in the Miami CBD, especially since it will be developed along the Miami River,” said Caveiro. “With more than 300 linear feet of frontage along the riverfront and excellent exposure above the Interstate 95 ramp, the new development will have 360 degrees of unobstructed views. The views from a high-rise building will be off the charts.”

The site is within walking distance to major employment centers, such as Miami-Dade County’s Government Center, Main Public Library and Metrorail Station, the City of Miami’s Police Department, and a host of other city, county and Federal government offices. Major banks, law firms and private businesses are also within close proximity.

Melo Contractors Corporation has been a very successful developer of luxury rentals and condominiums. Their projects have been built in or within very close proximity to the Miami CBD, therefore, Caveiro anticipates that Melo will develop a project consistent with the high quality and modern design of their past successes.

“Melo builds top-tier rental and condo high-rises that match the site’s prestigious Miami CBD address and high profile location,” said Capas. “We are confident that their Miami River project will prove to be a very successful and visible community.”

Commenting on the state of the South Florida multifamily market, Caveiro and Capas report: “Notwithstanding today’s economic challenges, we are big believers in the South Florida multifamily market. The underlying fundamentals and long-term potential are very favorable.

By taking down a site overlooked by many other developers, Melo has demonstrated great confidence in the Miami CBD. This transaction sends a strong positive signal to the investment and development community about the outlook for Miami and South Florida, and urban multifamily development, in particular.”

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14 Comments on "Flagler On The River | 32 Floors | 321 Ft | Under Construction"

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2 years 10 months ago

2 years 10 months ago

Site work underway as of this morning.

Photos posted above.

2 years 10 months ago

Here is the HVAC plan for Flagler On The River:


2 years 9 months ago

Looks like they’re currently trying to lease the retail space. They’re quoting a completion of April 2014.

2 years 9 months ago

That retail isn’t exactly going to be swamped with foot traffic at that cut off location. The River on one side, I-95 on the other, with elevated bridges on the other 2 sides.

2 years 9 months ago

Flagler on The River is appearing before the Miami River Commission today. They plan on building the retail center on the river and baywalk (across the street from the 32 story tower that is under construction) as soon as a tenant is signed.


Aerial Photography Inc
2 years 8 months ago

2 years 8 months ago

Construction progress:

2 years 7 months ago

Second crane installed

photo via bizcanes

2 years 1 month ago

I am a Realtor, I have client interested in purchasing a unit.
Please have sales office contact me 305 610-7715
Hugo Morales

Alexandria Monge
2 years 29 days ago

Hello, I am a real estate agent and I would like some information for some of my customers. I may be contacted at 786-344-5411.

Thank you.

2 years 1 hour ago

Hola !!,estoy interesada en saber en cuanto oxila la renta del edificio aún no terminado, q esta ubicado en flagele de frente al río., gracias espero su respuesta.

1 year 11 months ago

To Whom It May Concern.

How would you like the Original “East Coast Fisheries” Restaurant and Market Place to be your anchor restaurant tenat.

Call me … I am the original ECF owner and would have an interest in reopening our Famous and Historical East Coast Fisheries BrandRestaurant

My contact info.

Peter A. Swartz
Main: (305) 801-1000

1 year 7 months ago

Building is set to open the first week of July and is about 75% leased. River Seafood and Oyster Bar has leased out the ground floor retail space. A law firm has leased out another floor of retail space.