Melo Signs Utilities Deal For Nearly 800 Residential Units At Twin-Tower Island Bay In Edgewater

Developer Melo Group is moving forward with plans for a new twin-tower project in Edgewater called Island Bay with a utilities deal.

An agreement was finalized with Miami-Dade to connect Island Bay to the county’s water and sewer system in mid-February. Melo-controlled 24 Plaza LLC is the developer.

According to the new agreement, Island Bay will include 792 residential units and 12,600 square feet of retail. The connection charge is about $602,000 (the county is giving a credit for 155 residential units that are being demolished on the property).

Each tower will rise 60 stories, or 648 feet above ground, according to documents submitted to the county last summer.

Melo also filed a Notice of Commencement in late January stating that construction of a new seawall on the property was getting underway.

 


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Anonymous
6 months ago

That whole area of Morningside and Edgewater is booming with high-density mixed use. It needs Metromover.

Anonymous
6 months ago

they need to bring in a loop that goes up Biscayne and then back down N Miami ave

Anonymous
6 months ago

Yeah that would be perfect

Anonymous
6 months ago

I can drive out one of the giant Edgewater garages, cross the tracks or Brickell bridge, and Metromover will still be plodding along between two stops.

Anonymous
6 months ago

You’re omitting the 20 minute wait time to exit the garage.

Anonymous
6 months ago

Melo dont play…their investments today will pay off exponentially down the road, very impressive.

Anonymous
6 months ago

They should change their name to Bizarro Mana. They are complete his opposite. They are real developers who buy land and deliver on their promise. These two towers are beautiful. Tip of the hat to you.

Anonymous
6 months ago

The quailty of their buildings stink. There are no shortcuts.

Anonymous
6 months ago

doesn’t…

Anonymous
6 months ago

These towers look out of context. if they put them on a diet like ELysse would be great. the idea of kayaking form there looks great!

Anonymous
6 months ago

Biscayne Line bay walk happening.

Anonymous
6 months ago

Yay, more single loaded corridor buildings with 60 floors of security lights facing the city! Though I suppose I’ll at least give Melo credit for a bit of transparency by showing the backside in multiple renderings.

Anonymous
6 months ago

“Backside” as British English I suppose…

Anonymous
6 months ago

that backside looks like housing section 8

Anonymous
6 months ago

Melo Group can’t stop

Labrickella
6 months ago

There are deals to be had, sls lux on brickell for example, 1/2 with large den, circa 900 sq ft, and decent open view from balcony is pending @ asking 410k now, it went sub 400k, whether or not thats a building for you is not the question, point is thats a 200k loss that owner took in a years time. To me personally thats still overpriced but, its a “deal” if you are looking at that particular bldg.

Honest.Truth
6 months ago

Indeed, few of these have shown up already, must sell type of a situation, but one or two of those and that becomes the new market level and these people turn out to be the smart ones getting out now. Even if this corona is done in few months, hopefully, the worlds economy is grinding to a halt anyhow, boom times are over, normal market cycle that even the Fed can not pro long forever.

ARIA
6 months ago

Good point, aria on the bay being perfect example of this. 2 months ago someone listed two 1+1.5 units with partial views at 320 grand, seemed low at that time, both pending now.. well, one would be lucky to get 300 grand now and only with a full bay view. Whoever sold at 320 looks like a genius now.

Downtown
6 months ago

Few guys at the Paramount trying to dump off the narket 1/2s in low 500s and nobody is biting, not sure if they would even go at 450 right now, some of these were bought in high 600 and into 700s!!!

Labrickella
6 months ago

Off market deals on brickell as well, echo/flatiron/1060/the bond, people just starting looking to unload there, not listing on mls just trying to get a sense of the market and no buyers in sight.

Maria
6 months ago

Hey thanks for that post, this type of stuff not exactly in the herald front page

Anonymous
6 months ago

Personally I like towers on the bay that are on there side, depth/length going west-east, as to not create a wall like effect, but thats just me.

Anonymous
6 months ago

This WILL get built…unlike most of the stuff that gets announced here.

Anonymous
6 months ago

Melo don’t play

Anonymous
6 months ago

MELO and Edgewater MIAMI winning!

Anonymous
6 months ago

Great development. We know with this being Melo, 90% chance it gets done.
Opposite of Mosha, his proposals are 90% likely NOT to get done.

Anonymous
6 months ago

The only project Melo hasn’t done is that two story river walk building next to the wraft. It got built and then stopped progressing. Everything else they’re perfect.

Anonymous
6 months ago

I believe that building is under contract on Loopnet. Apparently the deal with the restaurant that was to occupy the building when the project launched fell through. I suppose the Melos left the building bare so that the new owner could adapt to their needs.

Anonymous
6 months ago

This is the project I am waiting for. Reason: The last missing link Baywalk connection in Edgewater will be a reality once this project is completed. I am totally rooting for this project to be finished asap.

Laz
6 months ago

Because the baywalk is so useful in the morning trying to leave those streets to biscaye

Anonymous
6 months ago

Finally Pace Park will be connected via Baywalk with the Paraiso District. Hopefully Next step would be to link Pace Park and Museum Park.

Anonymous
6 months ago

FYI…museum park is now Maurice A. Ferré Park

Anonymous
6 months ago

That would be great!!!

Anonymous
6 months ago

for the love of creativity, design and architecture, PLEASE, build something new, a little different. PLEASE

LaVida
6 months ago

On point primo, this is whats coming to western world, the so called Japanification of the markets, constant money printing forever just to keep patient alive…we can all thank Obama for that, that is going to be his everlasting legacy, thats the path he chose when he got into office, but thats why we was elected in the first place, no one in jail as sell… houses are not meant as investment vehicles, those booms you saw are not normal in history, reverting back to normalcy now.

Anonymous
6 months ago

Love the beach walk renderings. Why are the streets so wide and the sidewalks so narrow?

Anonymous
6 months ago

Melo is going to have these towers half way done before the end of the year, give these folks the key to the city.

Laz
6 months ago

So more density in the area but no relief on Biscayne Blvd.

Honest.Truth
6 months ago

**HONEST PIECE OF ADVICE** If you are looking to buy right now W A I T! Brokers are running around town pretending they did not even hear about corona but all chatty about how mortgages dropped… Well, the 10 year note is still close to 1% and that will be going to zero by the end of the year, just like in europe and asia, in some European countries they indirectly pay you to take out mortgage, Denmark for example, thats rate the rates there on mortgages are negative. 30 year mortgages will be at 2.25% by the end of the year and going to zero in the next 3-5 years. Latam businesses are in major trouble as they are mostly china oriented with agriculture, metals and chemicals, they will get hit in the next quarter in a major way. Their currencies are already getting hit, so they are losing 3 fold, business is bad, fx is bad and miami’s condos prices are going down, and this is the most liquid asset they have to sell when they need to. So #1 they are certainly not buying now, #2 soon to be mass selllers. STOP listening to moronic and self serving realtors, only looking after own interests realtors, although there some good one but its rare, mortgage rates and prices are going much lower by end of the year. WAIT!

Shawn Kouri
6 months ago

I’ll say let’s get this thing built. Hopefully by 2022 or 2023 if not 2024.

NYC Loves Miami
6 months ago

No worries… Mike will get it done. Oh wait! Melo will get it done.

Jesus
6 months ago

Melo, this is a nice addition. I would love for the colors around the tower to change throughout the day like at Miami Tower or Paramount. Let’s get this built!

Anonymous
6 months ago

Another one!!! And what about the traffic on biscayne already clogged every day of the year….

MiamiArchi
6 months ago

I’m sorry but this building bothers me sooo much. What on earth is the DRB and zoning doing!?!?

They are letting them 100% block the view corridors on these streets.
Which means that any currently existing building (which there are a few) or future construction located on these streets will have ZERO view of the bay because these two towers completely block it.
In fact they don’t just block it they replace it with horribly lite up egress corridors.

Such a shame. Our permitting process is so long and terrible yet when something truly horrible like this is proposed that clearly provides great benefit to one developer by hurting current residents and frankly future developments the city rolls over immediately.

I hope the Herald does an article about this to get some attention to how backwards the board is. What a shame

Anonymous
6 months ago

So you are saying the people that own waterfront land shouldn’t build so the guys in the back can have water views! Bernie Bro?

Anonymous
6 months ago

no, that’s not what’s happening. Thanks to a weak replat process. The public USED to have a view corridor, a tenet of Miami 21, and lost it. Not because someone simply built their property out by right.

Anonymous
6 months ago

The buildings are ugly guys please! The back is hideous!

POLO
6 months ago

Five years from now it will look lake the Edgewater wall.

Anonymous
6 months ago

hideous design especially from the west. Also, one of the renderings showing gallery art condo does not look like that.

Anonymous
6 months ago

Paraiso Bay South…

Anonymous
6 months ago

Of course the city (county) will put that utilities money toward shoring up the sewer system. LMAO !!!!

Anonymous
6 months ago

That is a local fort lauderdale issue. ..

Anonymous
6 months ago

you can’t possibly be that stupid, can you ??!!

Anonymous
6 months ago

Melo, more like Meh-lo. It’s still not ugly architecture, and frankly should be the bare minimum instead of monstrosities like Miami Plaza and Downtown 5th.

Anonymous
6 months ago

Another big ‘F’ U to the City back.

GFY
6 months ago

YUP

Anonymous
6 months ago

I live in Midtown and these towers with stair case lights aren’t that bright.

Anonymous
6 months ago

why wouldnt the developer maximize the use of the building by placing apartments on the back side?

Anonymous
6 months ago

Because bay view apartments sell for a lot more. Making all apartments floor-through makes more economic sense for the developer.