One block over from the recently proposed Museum Club hotel and shooting range, Melo Group has acquired 35,300 square feet of land.
Melo affiliate Miami Plaza LLC paid $11.5 million for the property this week. The developer is also in contract to buy the remainder of the block, bringing the total to more than 1.5 acres.
Melo already owns a large chunk of land just to the south of the newly acquired property, where they are planning a 1,500 unit rental project.
Melo’s newly acquired properties are:
4 RIL LLC, managed by Ivan Sherman, is the seller. Sherman is also the manager of the company proposing Museum Club.
Previously: Melo Group Buys More West Of Arsht Center, Where They Already Plan Over 1,000 Units
Melo Plans 650 Units at 14 Plaza Property