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.