Melo Sets Early 2022 Groundbreaking For Aria Reserve After Selling 60% Of Units

Developer Melo Group is reporting strong sales at Aria Reserve and will begin construction in early 2022, the company announced today.

Over 60 percent of units at Aria Reserve’s first 383-unit tower are now sold, Melo said. Sales launched less than six months ago.

Conversion to contract is now underway.

According to the developer, there has been a surge in international buyers recently, in addition to already high demand from domestic buyers.

The current buyer mix is said to be half domestic, half international.

“When we launched sales at Aria Reserve over the summer, the majority of our buyers were coming from the domestic market – New York, California, Boston,” said Carlos Melo, Co-Principal of the Melo Group. “While we’re still seeing an incredible amount of domestic demand, we’re now seeing some competition coming from overseas as international buyers return to the market. Buyers from Latin American countries like Mexico, Colombia, Argentina, Chile and Peru are relocating to Miami following the implementation of Covid-19 vaccines, continued political instability, and a recent rise in international tourism.”

The project includes a public park and baywalk at the ground level.

Completion is slated for 2024.

 

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Anonymous
16 days ago

Looking forward to seeing a higher caliber development from the Melo group!

Melo is sigma and chad
16 days ago

All their projects are high caliber. If all their omni apartments were high luxury yall would be complaining about ridiculous rent for apartments in the omni area.

Anonymous
16 days ago

I said *higher* caliber – as in I was in no way denigrating his existing projects. I live in a Melo building.

Anonymous
13 days ago

Poor you!

Anonymous
16 days ago

Compared to Downtown 5th, maybe their Omni apartments are high caliber, especially with Aria on the Bay in the equation that would skew everything. People still complain about the “ridiculous rent.”

bro bro
16 days ago

hope they build this faster than sushi samba on the river

Anonymous
15 days ago

Please educated your self before posting stupidity.

bro bro
15 days ago

please learn to write

Anonymous
15 days ago

Amazing project Melo! we cannot wait to enjoy this:)

BDub
16 days ago

Hope buyers aren’t too surprised when they see the actual location vs “towers in jungle paradise” of the rendering.

Anonymous
15 days ago

Yeah I mean it’s one thing to leave out some buildings from the renderings. But that is absurd

Azarius
16 days ago

Hope he takes his time so the quality of this building will separate from the work and reputation of the quick builds. This can be one of his greatest projects.

Anonymous
16 days ago

Go Melo go!

Anonymous
16 days ago

Amazing. I hope he’ll build them in less than year like he did with Downtown Fifth.

Melo is sigma and chad
16 days ago

1st downtown is rising quick as well, last time i pass by they’re on the tenth floor.

Anonymous
15 days ago

Correction the building is at the 18th floor.
No vary built as fast than team MELOS.

Anonymous
15 days ago

The 58th stories plus roof is projected
To be topped in a year plus or minus.
??? Who else can fallow them.

Anonymous
13 days ago

You can build that quickly when it’s a low-quality build, with minimal and thin interior wall space.

Grady Muhammad
10 days ago

They are now way past that. At 15 stories

Anonymous
16 days ago

it’s always customers from the northeast, california,mexico and south america. i’m glad this project is moving quick

Melo is sigma and chad
16 days ago

Hello, based department is calling. Anyways praise Melo and their addition making Miami’s skyline looking long from Rickenbacker causeway to the Julia Tuttle causeway.

Anonymous
16 days ago

Yes, two more boxes to complement Related/Arquitectonica’s crapjobs. Miami’s skyline especially looks great looking from the opposite side and seeing light-polluting stairwells.

Anonymous
12 days ago

The light fixtures are always an indication of build quality. Fixtures in Melo buildings cost less than $1.00.

Melo is sigma and chad
16 days ago

Okay, serious now. Does Miami have the most twin towers in the world ?

Anonymous
16 days ago

No, not even close…

Anonymous
16 days ago

Think about it..MIAMI has 2 M and I in its name, it was only meant to happen!😉

Grady Muhammad
10 days ago

This will be built by the end of 2023. Knowing Melo Group and his structural contractor

Anonymous
16 days ago

NOOOOOOOOOO
SO SAD!!!

Anonymous
16 days ago

Won’t happen

Anonymous
16 days ago

Yeah, like the Flatiron bldg didn’t.