Melo Buys Another Downtown Lot, 500 Units In 80 Stories Permitted

Melo Group purchased yet another downtown Miami lot last week.

The developer paid around $13 million for a 24,187-square-foot property at at 34 Southwest First Street. The land is currently used as a surface parking lot.

Melo is considering building a high-rise apartment tower, a broker involved in the sale told The Real Deal. A tower as tall as 80 stories is permitted by zoning, with up to 500 units.

 

 

 

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Anonymous

Downtown needs some Melo to get things moving asap…them boys dont play!!

Anonymous

Beat out Mana I’m sure. Beautiful.

Hopefully Melo understands though that the apartment towers in the “Melo District” aren’t the look to follow for this area. Need something more like their twin rental tower proposed on 5th street.

Go Melo!

Anonymous

Yeehaaaa! That’s what I’m taking about. Melo loves Miami, and Miami loves Melo!

Anonymous

I’d be willing to wager all $42 in my wallet that Melo will break ground on this tower before a single ounce of dirt is moved at Okan Tower.

Anonymous

Well Melo better hurry, because the Okan tower is scheduled to break ground in about 3 1/2 months.

Anonymous

Gotta wonder if the recent problem with the Turkish economy will have any bearing on the building.

Anonymous

Well maybe it’ll be positive to facilitate investing money away from the sinking ship which is that country.

aceraroja

Economic problems don’t hurt the kind of people who build skyscrapers.

Anonymous

Go for 80/500.

Anonymous

Oh, and something iconic this time.

Anonymous

If not iconic at least not generic boxy.

Anon

The reason Melo makes money is because they’re product is trash. Yes, they build and they build fast, but they don’t build quality whatsoever. They churn out inventory, fill it up because rent is too cheap to pass up in high demand areas. For the life of me, i don’t understand why they get so much love on here.

I really hope they put some real money into A&E on this project.
They gave a decent effort in condo development with Aria on the Bay, but this location is prime. This needs to be an iconic building, especially because of the height allowed.

aceraroja

It’s true, they build crap and cut corners on everything. They must have a warehouse full of that cookies n cream granite because they used it in their bldg on 22nd st and it’s in Square Station too. That said, the rents truly are great for the space and views you get. And they really don’t fuck around. This will be great for downtown.

Anonymous

Glad they’re buying lots in the core of downtown now, I know those lots will have apartments on them within a year lol

Anonymous

Glad Melo bought the lot and not Mana. Also, does 500 units for 80 floors seem kind of small? Comes out to 6.25 units per floor.

Anonymous

Not necessarily, 80 floors including parking garage, lobby, amenities, etc

Anonymous

They can even put an observation deck or have a rooftop restaurant. Great views of downtown and brickell.

Anonymous

SW 1st Street west of SE 1st Avenue can only get better, and Melo is the best fit.

Anonymous

Naysaying on Okan brought to you by the same people who assured us Aston-Martin wasn’t happening.