Melo Tells FAA: We’re Breaking Ground On Another Tower In Months

Melo Group could start construction on yet another downtown Miami apartment tower within months, according to a new filing with federal regulators.

On June 25, the developer applied for approval from the Federal Aviation Administration to build Miami Plaza, which Melo says is a 35-story luxury rental building.

According to the FAA application, the tower would rise 368 feet above ground, or 381 feet above sea level.

Construction is scheduled to begin on November 5, 2018, and wrap up on May 1, 2020, the application states.

In total, Melo is building 1,790 apartments on three city blocks surrounding the School Board Metromover Station. The first, Square Station, opened last month with 710 units, while another, Art Plaza, is under construction with 655 units.

 

 

 

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Miami1
3 years ago

Melo Rocks!!! Take some lessons Mana!!!

Lucia M
3 years ago

Great looking project!

Anonymous
3 years ago

This news means they’ve already broken ground and the building is on the 5th floor lol

Anonymous
3 years ago

Yeah don’t know why they said months lol they will start next week lol.

Anonymous
3 years ago

Good… do you know how long those lots in that area sat empty?

marc
3 years ago

They are literally building out that area. Very cool. What happened to the Estefan proposal near there?

Anonymous
3 years ago

Yeah the party tower with offices just disappeared.

Anonymous
3 years ago

How can anyone in Miami hate the Melo Group?

Anonymous
3 years ago

Keep it coming Melo, give these guys the keys to the city.

Anonymous
3 years ago

Yay affordable city living

Anonymous
3 years ago

Note to Miami: just let Melo build everything.

Anonymous
3 years ago

Melo is not playing.

Anonymous
3 years ago

I am in Real Estate and I have had a few run ins with the Melos. They are stingy and don’t like to pay commissions. My agent once took a client to see a two bedroom and they were fine with it but when the client decided to go for a one bedroom they would not pay up. There have been a few other instances when the same thing happened.

In this respect, they do under perform. Having said that, I cannot say anything bad about how they have transformed the Omni area and I am happy to see they are not slowing down. This new project will be amazing so good for them. We will keep taking renters to them, I just hope they can be nicer to agents who after all are the ones bringing them money.

Anonymous
3 years ago

Was your client unable to use apartments.com and call the number to find out what was available? This doesn’t seem difficult in 2018…

Anonymous
3 years ago

Ok idiot, let me school you. Hiring an agent to drive you around and show apartments both listed by individual owners on the MLS or Complexes such as the Melos is absolutely FREE. So you can go to apartments.com, do everything on your own and deal with the landlord’s agent whose job is to get the most they can for the place. Or you can have someone pick you up, drive you, show the units, research it so see if it is fair market value, write up the contract and negotiate back and forth until it is a price you can afford. And for all this you pay nothing! Why? because developers like the Melos can afford to pay the commission. Do a little research before posting asinine comments.

Anonymous
3 years ago

No point aguing with the Einsteins on this blog.. LOL

Gene
3 years ago

Great defense. You’re absolutely correct – a buyer or a renter needs an advocate to work for them.

Anonymous
3 years ago

Thirsty realtors will downvote this BUT…having a realtor represent a renter/buyer DOES inflate the entire transaction cost. Now the owner has to pay 2 commissions instead of 1, meaning less room for negotiation. A buyer’s/renter’s agent also has an incentive to close a deal (whether in the client’s best interest or not) in order to get paid, and the higher the price, the larger the commission.

In order to get the best possible deal you should represent yourself and negotiate with the owner directly. Caveat emptor.

Anonymous
3 years ago

Clearly you don’t understand how it actually works…the owner does NOT pay only 1 commission in that case…he pays both sides to his listing agent…thats the way the agreements are written. But if you prefer to take all of the risk and represent yourself in a complicated transaction that you know nothing about, please be my guest…Talk to me when its finished and you’ve gone through all the stress yourself and still paid the same or an even higher amount…statistically buyers who represent themselves pay more than buyers who are represented by a professional.

Anonymous
3 years ago

How is renting an apartment a “complicated” transaction? haggling a car salesman to buy a car is far more complicated IMO..lol

Anonymous
3 years ago

It is not complicated but you can end up paying more. Realtors know information that most individuals do not know. They are experts in the area. For example, I know of buildings in Brickell both multifamily and condominiums that are managed amazingly well. I also know of buildings in Brickell that have plumbing issues that you as a tenant would not know and the listing agent is not going to tell you because they may not even know themselves. The owner is only obligated to tell you if their apartment has had plumbing issues if you ask (in rental). In purchase it is different. As for renting with a multifamily developer if the building has had issues they for sure will not tell you because the staff works for the developer. In fact if you ask about security they will dance around that question… tell you crime happens everywhere. Multifamily developers cut costs, those buildings are usually built with cheaper materials than condominium buildings. There are a lot of details a realtor can help a tenant out with that, in the end, will save them $$ and aggravation.

Anonymous
3 years ago

False… Realtors will not downvote… they will be honest based on what is most important to the client. That is the POINT of hiring an agent. To have someone look out for the tenant and what is most important to them. The staff at a multifamily development will only look out for their boss/the developer.

I have worked in multi-family developments and I was a realtor. In a multi-family building, the developer prices the apartment based on the market. The multifamily staff calls other multifamily developments on a weekly basis to get their specials for the week and to get other details. They all share their information. So the price is set based on this information. Some developers will change prices on a daily basis, others on weekly basis. But their decision is NEVER based on what they are going to pay a realtor. Developers who do lease-ups, most focus on stabilizing the property as quickly as possible so they can then sell it. Their focus is not nickel and diming realtors… it renting the building as fast as possible!

As for a landlord listing with an agent, when a landlord inflates the price to cover commissions, a good agent will explain to the landlord that by inflating the price it may take longer to rent out their apartment because of the competition. They will walk through the apartments that are currently listed in their community showing them the apartments that will directly compete with theirs. They will advise the landlord that if they want to rent it quickly, they will have to price it competitively. Plus the commission is on 10% of gross rent or 1-month rent (both come out to close to the same amount of $).

Anonymous
3 years ago

In other cities that have dozens of multifamily apartment buildings, going online works well. But Miami does not have a lot of multifamily buildings. They are just starting to get built. A lot of times people will try to find apartments via online or craigslist only to end up going through horrible experience because they are dealing directly with a landlord who is clueless. Not all these landlords are investors. Some are just individual people that for some reason they had to rent their own apartment which usually ends up being a mess when a realtor is not involved. If the tenant is lucky enough to come across an investor/unit owner then usually the transactions go smoothly BUT the tenant may end up overpaying. It is silly for a tenant not to use a realtor because the service is free. They will set up the appointment for you and negotiate the deal. You would be surprised how helpful the agent can be if you hire the right one of course. They are experts in the area and may know of little details about a building. For example, I remember I wanted to rent in a building in Brickell years ago, and I ONLY wanted a loft. There were TWO options for me at the time. She told me that one of the buildings had issues with plumbing so guess what, I went with the other building. I have worked in multifamily buildings doing property management. I have noticed most multifamily developments slack on the security vs. condominiums will have cameras all over the building including the garage. But most multifamily buildings will have maintenance living in the building, so if something breaks down, it gets fixed right away. There are pros and cons to renting in a multifamily building vs. condominium… a professional realtor can walk you through this. They pay attention to the details… it is their job to do so, details that the tenant may forget or may not know to look for.

Anonymous
3 years ago

FYI–Melo’s do not use realtors on EITHER side of the transaction. Without a middleman, they are able to offer more affordable rents than anyone else in the city.

Anonymous
3 years ago

They may be able to get away with this now because there are not a lot of multifamily buildings in Miami… but once more MF start popping up, they will be forced to pay realtors. This is what happened in Atlanta. Now developers up there are begging realtors to bring them clients. Atlanta has an oversupply of MF buildings.

LOL
3 years ago

Dammit. Just rented an apartment looking north thinking I was going to avoid construction. Should’ve known better when they gave me Hialeah rental pricing on
a new unit…

Anonymous
3 years ago

At least they told you. I moved cities and the same thing happened but I was stuck paying $1800 for a 1 BR with no view haha

Tbf, both in my case and yours, some due diligence would have revealed the new tower so it’s on us

Anonymous
3 years ago

Should have hired a realtor… They would’ve known a building was going to block your view. The staff working at the multifamily development will not tell you when a new building is being built that will block your view. Neither will the listing agent, that is why it is wise for a tenant to hire a realtor to represent them… it is a FREE service to the tenant.

Anonymous
3 years ago

how much is your rent and what building?

Anonymous
3 years ago

The Building doesn’t Show much LUXURY,but I’m sure the prices will.

Anonymous
3 years ago

another cookie cutter!

Anonymous
3 years ago

Yeah… a cookie cutter building that looks a thousand times better than the empty weed covered lot that’s there now.

Anonymous
3 years ago

damn, I wish I was a Melo, or at least worked for them 😉