Giant 53-Story Downtown Miami Apartment Tower 100% Pre-Leased Before Opening

Demand for apartments in downtown Miami is so strong that a newly completed 53-story tower by Melo Group at Downtown 5th was completely pre-leased before it even opened.

The first tower at Downtown 5th is now completed and ready for residents to move in, Melo said.

A Melo spokesperson told The Next Miami that the east tower has now received a TCO from the city allowing tenants to begin moving in.

The west tower is scheduled to open in late August or early September.

Downtown 5th, is the biggest rental apartment complex ever built in Miami’s Central Business District.

There are two towers in the complex. Each tower contains 521 units, for a total of 1,042 apartments.

The east tower saw 100% of the 521 units pre-leased before it was complete, Melo said.

The west tower’s 521 units are already 60% pre-leased with over a month remaining before opening.

Many of the new residents at Downtown 5th are moving from other parts of the country. According to Melo, 25% of the new residents are relocating from elsewhere in the U.S.

Construction on the first Downtown 5th tower began in December 2019, with top off taking place in 47 weeks, which was said to be a record for a building of its size.

 

61 Comments
most voted
newest oldest
Inline Feedbacks
View all comments
Anonymous
4 months ago

Fantastic for density sake! More projects like this moving people directly into the citys core is what will force the government to focus on better transit options.

Anonymous
4 months ago

The best transit option is your feet.

Anonymous
4 months ago

I drove by the tower yesterday and saw a lot of activity.
These towers appear to be a lot more successful than the Park Line apartments by the Brightline station.

Anonymous
4 months ago

and cheaper also.

Anonymous
4 months ago

I toured Downtown 5th about 2 months ago. When I was waiting for the elevator to go back down after the tour (the model units were on like floor 43 or something), I overheard some ladies near me talking about how they just toured Park Line and they were shocked at how small the units were for the price, plus the idea of living above the train station would be a pain due to noise. The nice thing about Downtown 5th is they didn’t go overboard with the finishes which allows them to offer bigger-than-normal sized units for a very attractive price. Obviously you can’t really compare the two projects as Park Line was built at the top end of the luxury market for downtown and Downtown 5th is marketed towards more modest income earners, plus the benefit of having the food hall and the train station literally inside your building does justify the higher rents, but it was interesting to hear people say that the train was a negative aspect of the property. It made me realize that all the folks living in Park Line have been living there without Brightline (and soon Tri-Rail) running. Could we start seeing some urban NIMBYs complaining about the trains once activity picks up? Metrorail passes right by Park Line and is pretty squeaky pulling into Gov Center/Overtown. I wonder how that’s been received so far. All this being said, having a mix of price points and amenities at all these properties is a positive for downtown!

Anonymous
4 months ago

any moron who signs a lease on an apt above train tracks then at anytime complains should be ignored….im certain that the noise is no worse there than any apt at the Madison or that rental next to it….park line impact doors do the trick

Anonymous
4 months ago

Newsflash: ALL of downtown is noisy! You can hear the metro rail in all the units facing west. Brickell has noise from people, downtown has noise from construction! Oddly, The Brightline train is the quietest thing around (except for that clanking bell when it pulls into station)

Anonymous
4 months ago

I live at Park Line even when BrightLine was still running after Park Line open 1 month before everything shut down. The windows are great, I have never heard Metrorail or Brightline trains since living here. I can barely hear outside noise on a busy day!

Anonymous
4 months ago

TD;LR bigger units, uglier buildings.

Anonymous
4 months ago

I live in Parkline, there is no noise. The windows and balcony doors are sound proof and the metrorail is so far below that you cant hear a thing. Parkline apartments start on the 15th floor and the train station is like near the 2nd floor so theres a pretty large distance between the two.

You cant even hear the metrorail from the outdoor pool and amenity deck which is on floor 14.

Anonymous
4 months ago

If you want very quiet, go to another building and pay twice as much.
People should do their homework before buying and renting.
Walk the neighborhood at night, if they are afraid to do this, then they sure don’t want to live there. See how noisy it is after hours when they will be home. If too noisy, go somewhere else.

Anonymous
4 months ago

I guarantee you can hear your neighbors conversation at any Melo building more than you can hear the Brightline trains even inside the train station. Melo builds a shitty cheap product with no sound deadening or insulation, while Brightline was built by Moss. The quality of these products are on completely different levels.

Anonymous
4 months ago

Nice units but it feels like it’s pushed to the back of downtown miami and its right by the 95 and the train station.

Anonymous
4 months ago

Once World Center fills in, and the newer overtown developments like block 55 open it’ll actually be right in the thick of things. Great location, even now.

Anonymous
4 months ago

The area needs a lot more density before it becomes vibrant.
Still acres and acres of desolate, boarded up wasteland

Anonymous
4 months ago

There are several large projects under construction or planned.
Melo will probably complete Downtown Sixth behind the church, before Nativo currently under construction a block away.
Another large project is planned on fifth street and first avenue.
Society Biscayne is almost complete on the corner of 5th street and Biscayne.
Miami Dade college will build housing on the site of the current fire station and adjacent apartments currently condemned.

Anonymous
4 months ago

not a fan of these 2 buildings but they do fill a need and add life to an otherwise desolate area…now…maybe some cafes and coffee shops so new residents can activate area

Anonymous
4 months ago

Collge North station ridership is going to spike

Anonymous
4 months ago

What other projects is Melo planning, hope they buy that empty lot in front of publix and the omni

Tom
4 months ago

Urban living is very important especially because it means less urban sprawl which invariably destroys nature. Thank you urban dwellers and builders.

Anonymous
4 months ago

Looks better in reality than the renderings. That doesn’t happen too often.

Anonymous G
4 months ago

Not the best looking building but still not the ugliest! Great addition for Miami.

Anonymous
4 months ago

This looks very nice.

Azarius
4 months ago

This building was priced and located perfect. It’s surrounded by different types of establishments not super luxury but nice close to multiple means of mass transit. We need so many more projects like this that’s not just throwing luxury on a building with a mural charging $2100 500 sqft 1/1. That’s not helping anyone especially with the low wages of Miami. Build more affordable and work force priced homes and you’ll see more Real architecturally significant buildings start to come up in Miami. You’ll see more investment and talent!

Anonymous
4 months ago

yes we are beginning to see better buildings like elysee, .missoni baia,aston martin residences, waldorf astoria, legacy, Eeleven are breaking ground soon all these affordable housing buildings are helping revitalize the neighborhood and attract investment

Anonymous
4 months ago

100% Pre-Leased? You mean they have small deposits on “1” tower. Regardless, they will be ok. Melo will drop rents to get Miami’s rank and file and then loose a lot of them on renewal. There is still nothing going on in downtown so people moving here are doing it for better deals than Brickell or Midtown, or worse are moving in from out of state and have no clue. Downtown still has 2 years to go. I’d say…Parkline is a better building with better location and amenities but their resident mix problem is worse than Downtown 5th. My upscale tenants that can afford $3-4K/month don’t want to be in a build with with tons of studios (read broke entitled millennials that abuse amenities) nothing luxurious about that. That’s just the reality of what we are seeing downtown. Both projects need to manage that aspect very carefully or prepare for expensive units to sit empty.

Anonymous
4 months ago

But what about parking?

Anonymous
4 months ago

Floors 2 to 12 are parking. They disguised the parking floors as being a part of the building itself but those windows etc are fake

Anonymous
4 months ago

In Melo we trust

T G
4 months ago

moving here in september. can’t wait to get away from the chaos that’s brickell life. they have a great price point as well for a 2/2

Anonymous
4 months ago

Unfortunately, the management here doesn’t answer the phone, at all. It is impossible to get a hold of someone to either review your lease beforehand, or simply get a call back. You call their sister buildings, and no one can help. I would expect better professionalism from a new building expecting to cater to the influx of new residents….I haven’t moved in yet and my expectations are already low.

Anonymous
4 months ago

Exactly! I’ve been looking forward to moving here but now it’s up for consideration. There are many new apartment developments being built within the area. Therefore, I have options and more than happy to forfeit my deposit for a much better experience and place to call HOME!

Brooklyn
4 months ago

Could this possibly be true or are they just blowing smoke?

Anonymous
4 months ago

Trust me its true,we pre leased there .

Anonymous
4 months ago

Is true bro I’m moving in in two months and the unid price is 1600 for a 1/1 that’s is a really good price for Miami right know

Anonymous
4 months ago

“pre lease” usually means limited number of units. It’s not the whole building

Anonymous
4 months ago

Awesome! More Booty Options 😉

Anonymous
4 months ago

Just wait til interest rates normalize–probably sooner rather than later with the way inflation is taking off. Investors will pull out and retreat to bonds and CDs. And the local yokels being able to blow 6X their gross annual income on buying a place will end too.

Anonymous
3 months ago

This place is AWFUL! Melo group dropped the ball on this project. The staff is so rude and unable to fix any issues. The power has been out every night since Saturday (day 5).. The amenities don’t exist, but they don’t tell you that until after you move in. They instruct us to send complaints and maintenance requests to an email that doesn’t have anyone on the other end. Not a single email has been answered. If you move here, please know that Melo group allows the staff to live in the vacant apartments until they’re occupied! My apartment was filthy. Also, moved in 6 weeks ago, still haven’t received a lease, no smoke alarms, no air conditioning, no lights in the bathrooms. DO NOT MOVE HERE or support this company.

Anonymous
4 months ago

que feos!!!

Anonymous
4 months ago

I still hope for Okan tower to cover up this building with some beautiful architecture. Is it dead dead?

Anonymous
4 months ago

Okan tower isn’t a dead project yet but I doubt it will ever happen.

Anonymous
4 months ago

Never will happen.

Anonymous
4 months ago

Okan tower is as functional as bike lanes 🤦‍♂️

Anonymous
4 months ago

Okan has a really bad architect how design something that’s economically imposible to built at least in that site.

Anonymous
4 months ago

Just one tower?

Anonymous
4 months ago

Read.

Anonymous
4 months ago

Still ugly.

Anonymous
4 months ago

Not everything can be iconic, these are fillers and great for the purpose they serve.

Anonymous
4 months ago

Exactly, if everything was “iconic” nothing would be.

Anonymous
4 months ago

What, are you saying we can’t have a bunch of iconic buildings with each one pointing to Miami? Oh, ye of little imagination.

Anonymous
4 months ago

Doesn’t have to be iconic, but it doesn’t have to be ugly either. Which i agree it is.

Anonymous
4 months ago

Not asking for “iconic,” just something pleasing to the eye. This isn’t it.

Anonymous
4 months ago

I think it looks very decent.

Anonymous
4 months ago

Forget it… if he met a female who lived in one of these apartment buildings, the look of them would be the last thing on his mind.

Anonymous
4 months ago

I bet some of the people saying the building is ugly are just as ugly in person.

Anonymous
4 months ago

Except when next to the historic Central Baptist Church, it should have been better.

Anonymous
4 months ago

I am surprised that not one of you leasees or commentators mention the fact that this new bldg is directly across the street from the Federal prison where numerous Cons are released or turn themselves in daily (located less than 100 feet from the lobby). Do you also know this means these stellar citizens’ friends & cohorts come here to pickup & drop them off all “pillars of the community,” so lots of Riff-Raff thru the neighborhood. Safety??? Hmmm? Wonder too if the Sales Staff ever mentioned this to their customers.
Then there’s the nearby old defunct Salvation Army flop house (on same 5th St, about 200 yards West) where manyHomeless conjugate to Panhandle and sleep all over the sidewalks. All these Millennial Cuties walking their dogs & walking alone to and from Bayside on the Blvd.nearby, Beware & stay alert! Location, location, location, eh? 🤔

Anonymous
4 months ago

Please.. if you wanna live in Miami, you already have to put with hurricanes, tornadoes, stormy weather, roaches, mosquitoes, lizards, flies, crazy drivers, annoying long red lights, non English speakers, loud annoying music, and restaurants serving you dead insects in your food. And that’s only mentioning some of the shit you have to deal with.

Anonymous
3 months ago

Not to mention all the Biden supporters in Miami dade. What in infestation

Anonymous
3 months ago

Yea because living next to a jail courthouse and police station is dangerous. Criminals love hanging out around these parts 😉