Melo To Break Ground On Massive 760-Unit Apartment Project Near Arsht Center By July

Melo Group is preparing to break ground on another massive apartment project in downtown Miami after seeing strong response for their Melody rental tower.

The new project will include 760 units. It will be located at Northeast 14th Street and North Miami Avenue, down the block from the Arsht Center.

Construction will begin by June or July.

Melo is seeing strong demand for pre-leasing at the 500-unit Melody, next to the Arsht. Just ten days after leasing began, 110 applications have been submitted. Prices range from $1,500 to $2,700, with units starting at 670 square feet.

In Edgewater, Melo is delaying launching sales for a new condo project because there is too much inventory on the market. The developer’s 648-unit Aria project has now sold 65 percent of units.

 

500-unit melody, nearly complete:

(photo: phillip pessar)

 

melody brochure:

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a changed man
4 years ago

I used to rip on these guys on the message boards. Cheap construction, boring designs. After watching this cycle unfold though I can call these guys heroes. Thousands of units constructed efficiently, affordably. So many locals can proudly say they live in a Melo building. When so many local developers are building for foreign buyers, it’s so refreshing to see foreign developers building for local renters. CHEERS

Anonymous
4 years ago

I totally agree with you. When I first moved to Miami I purposely chose not to live in a Melo building because I didn’t respect or maybe understand what they were doing. But now, i have much more respect for their purpose and the fact that young professionals can have the option not only to live in desirable areas near the urban core but also live in a brand new building is exciting.

Anonymous
4 years ago

Both messages above were written and liked by Melo Group… What they say makes no sense. Market laws decide what a building or rent is worth, not the developers. The reason it will be affordable to locals is not because it was built for locals. It will be affordable to locals simply because it’s uglier and cheaper than all the buildings around and people with more money (locals or not) will decide to not live in it. It’s all about the demand.

a changed man
4 years ago

if melo group wrote my comment from above, the english wouldn’t be as good. housing for locals isn’t supposed to be a work of art all of the time. also, your logic is horrible and incorrect. “the reason it will be affordable to locals is not because it was built for locals.” and then you go on to tell precisely why it IS for locals. i’m not a rep of the Melo Group. i’m a real estate business person in my own right. game respecting game. you have no game.

Anonymous
4 years ago

this is exactly whats needed in that area…..with all the new residents come the new retailers restaurants and competing development….you can say all the bad things you want about melo but they build about the only affordable housing in the places young professionals want to be….im grateful to them for jumpstarting the development in areas that lie dormant

marc
4 years ago

What’s the name of the tower?

Anonymous
4 years ago

Let’s hope the design is more Aria on the Bay and less Melody.

Anonymous
4 years ago

This will be a rental, like melody, whereas Aria is a luxury tower. So continue to speak out both sides of your mouth by demanding high design that Miami natives can live in. You get one or the other

Anonymous
4 years ago

This constantly repeated false dichotomy – that affordable has to be ugly – has been proven wrong a thousand times. Simple and inexpensive does not have to be ugly. Melo’s projects are just plain ugly. It’s fantastic to build more afforable housing but developers need to figure out a way to make it not ugly. All these hideous cheap ugly painted concrete block buildings are overwhelming Miami’s skyline. And by no means are all of them even affordable! Start by hiring a great local non-starchitect, there are hundreds of them!

ECM
4 years ago

I truly believe in all the negative comments below. This just confirmed the cold negative experience I had when submitting my application. Everything that happen does happen for a reason and now I thank the fact of being declined which did not make any sense since I was approved at the Icon towers the same day. Hope the management change one day so their position against the comp set gets better.

Anonymous
4 years ago

Great news, hopefully it doesn’t have 1000 parking spaces.

laz
4 years ago

me either, im hoping for 2000 spaces.

Anonymous
4 years ago

Ugly.

Anonymous
4 years ago

Say what you want. If I could afford to pay $1400 for a one bedroom I would be signing a lease right now. Its in a great central location, I could use mass public transportation for work everyday, and it has great views of the city and bay. This place is ideal for young professionals. I just have to get a 15% raise before I could afford it. And no it’s not a piece of art, but you are exaggerating by saying it is ugly. It is completely fine.

Marc305
4 years ago

Your comment is exactly correct, $1,400 for a new building in this area is great. We have had many people inquiring about this project already, and since Mello cooperates with brokers, we look forward to placing many people there.

Anonymous
4 years ago

And how did they afford to get rents so cheap?

“Melo said delivering those rates required careful expense management, as Melo Group served as its own general contractor, architect and manager of the project.”

So you mean those prices aren’t feasible for some starchitect luxury building that people expect on every corner?! Crazy!

BZ
4 years ago

And non-union labor