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 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.

 

58 Comments
most voted
newest oldest
Inline Feedbacks
View all comments
Anonymous
14 days 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
13 days ago

The best transit option is your feet.

Anonymous
14 days 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
14 days 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
14 days ago

and cheaper also.

Anonymous
14 days 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
14 days 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
6 days 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
14 days 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
14 days ago

TD;LR bigger units, uglier buildings.

Anonymous
13 days 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
13 days 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
13 days 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
14 days 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
14 days 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
14 days ago

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

Anonymous
14 days 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
14 days ago

Collge North station ridership is going to spike

Tom
14 days ago

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

Anonymous
14 days ago

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

Anonymous
14 days ago

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

Anonymous G
14 days ago

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

Anonymous
14 days ago

This looks very nice.

Azarius
14 days 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
14 days 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
13 days ago

But what about parking?

Anonymous
13 days 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
11 days 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
8 days 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
8 days 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
14 days ago

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

Anonymous
14 days ago

Trust me its true,we pre leased there .

Anonymous
13 days 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
14 days ago

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

Anonymous
13 days ago

Awesome! More Booty Options 😉

Anonymous
13 days ago

In Melo we trust

T G
10 days 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
9 days ago

que feos!!!

Anonymous
14 days ago

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

Anonymous
14 days ago

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

Anonymous
14 days ago

Never will happen.

Anonymous
14 days ago

Okan tower is as functional as bike lanes 🤦‍♂️

Anonymous
14 days ago

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

Anonymous
14 days ago

Just one tower?

Anonymous
14 days ago

Read.

Anonymous
14 days ago

Still ugly.

Anonymous
14 days ago

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

Anonymous
14 days ago

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

Anonymous
14 days 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
14 days ago

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

Anonymous
14 days ago

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

Anonymous
14 days ago

I think it looks very decent.

Anonymous
14 days 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
14 days ago

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

Anonymous
14 days ago

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

Anonymous
8 days 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
8 days 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.