Melo Group About To Break Ground On 647-Unit Aria On The Bay

Melo Group is on the verge of beginning work on the 50-story Aria On The Bay – their biggest and most luxurious project yet.

Earlier today, a permit to begin piling work was issued by the city. A foundation contractor delivered equipment to the site yesterday.

Aria will include 647 condos, which ranks among the highest number of units in a single building in Miami. It will also have 1,035 parking spaces and 40,000 square feet of commercial space. Arquitectonica is the architect – the first time that Melo has used a better-known architect.

Last month, the FAA granted approval for Aria to be built at 535-feet above ground.

Melo is also finishing up the nearby 38-story Bay House project. That project will begin closings within the next few days.

At Bay House, Melo has sold virtually all the project’s 165 units, at prices averaging just above $500 per square foot. Buyers have already placed a 50% deposit on units, with the remainder now due at closing.

 

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Anonymous
6 years ago

Say anything you want about Melo, but if they propose a project expect it to start consstruction like clockwork within 6-8 months. They really dont play around.

Anonymous
6 years ago

Especially surprising considering the scope of this project (ie selling the lion’s share of 647 units)

Anonymous
6 years ago

This will be another rental type building like all Melo does.

XVS
6 years ago

Do you have any information about the renderings being deceptive?

XVS
6 years ago

Good news! Should be one beautiful building.

Anonymous
6 years ago

Doubt it will happen.
650 units in 1 bldg….NUTS particularly in a slowing market.

XVS
6 years ago

Rental vacancy rates at historic lows, condos are selling like hotcakes…where do you see “slowing market”?

Anonymous
6 years ago

Are you kidding? Melo gets these done in their sleep. If they can’t sell them they will have them rented in 3 months.

Anonymous
6 years ago

It’s already happening…

Commenters on this site never cease to amaze me.

broker305
6 years ago

This project is selling very fast for the amount of units inside which is why they are already in groundbreaking.

Anonymous
5 years ago

Slowing I think you should do your research, this and more buildings are going to get built especially after attractions like 2 new museums, Miami World Center, Met Square, Brickell City Center open and with places like the Adrianne Arsht Center that give multiple performances/plays people will be moving here from all around the world. You will have everything at your finger tips in a few years.

Anonymous
6 years ago

To all these buyers:

Good luck…you’ll need it. From dealing with them as a Bay House buyer, I can tell you that they’re more concerned with finishing things quickly than doing things well. Prepare yourselves for cheap finishes and runaround after runaround when trying to deal with them for simple things–like requesting MEPs (which they refuse to provide, though contractually obligated) or a recording of declaration. They should just stick to rental buildings.

Anonymous
6 years ago

Oh, also hope you didn’t expect the units or any of the features to look anything like the model/sales center/marketing material.

Anonymous
5 years ago

This is nice but should be about 100 feet taller !!!!