Melo Group closed on the purchase of a 19,068-square-foot bayfront parcel in Edgewater last month for $11 million.
A five-story apartment building with 23 units is on the site and will likely be eventually demolished.
23 Biscayne, a condo project completed by Melo in 2012, is located across an alley from the property.
Melo has now assembled about four acres along the street, stretching from the bay to the City 24 condo on Biscayne Boulevard.
Melo’s holdings in the area: