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
3 years ago

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

Anonymous
3 years ago

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
3 years ago

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

Anonymous
3 years ago

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
3 years ago

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

Anonymous
3 years ago

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

Anonymous
3 years ago

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

aceraroja
3 years ago

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

Anonymous
3 years ago

Go for 80/500.

Anonymous
3 years ago

Oh, and something iconic this time.

Anonymous
3 years ago

If not iconic at least not generic boxy.

Anon
3 years ago

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
3 years ago

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
3 years ago

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
3 years ago

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
3 years ago

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

Anonymous
3 years ago

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

Anonymous
3 years ago

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

Anonymous
3 years ago

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