Second Giant 53-Story Downtown 5th Tower Now 100% Pre-Leased

More proof that demand for apartments in downtown Miami remains red hot: a second 53-story tower at Melo Group’s Downtown 5th complex is now completely leased, even though it hasn’t yet opened.

That means that 100% of units in the CBD’s biggest ever apartment project has now been rented. The complex has a total of 1,042 apartments.

The first 53-story tower opened in mid-July with all 521 units pre-leased.

At the time, the 521 units in the second tower was only at 60% pre-leased.

In just one month, the remaining 40% of units in the second tower have been pre-leased and both towers have now reached the 100% mark, a spokesperson for developer Melo Group told The Next Miami yesterday.

Residents are now moving into the first tower, and a TCO is expected for the second tower soon allowing move-ins to begin there.

Last month, Melo said that about a quarter of the new residents are relocating from elsewhere in the U.S.

Construction on the first Downtown 5th tower began in December 2019, with top off taking place in 47 weeks, which was said to be a record for a building of its size.

The developer also owns the site next door where they plan a project called Downtown 6th.

Melo is also now building their tallest tower ever a few blocks away, the 60-story Downtown 1st with 560 units.

In total, Melo has plans for another 4,000 units on land they have acquired in downtown Miami.

 

Update: The second tower hasn’t yet opened but is expecting a TCO soon, a spokesperson for Melo Group said, correcting an earlier statement.

 

photo taken in June:

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Anonymous
4 months ago

curious to see the reviews of this place when its 100% occupied gonna be packed

Anonymous
4 months ago

seems they already lost power yesterday leaving people stranded in elevators and trying to get in the parking garage.

Anonymous
4 months ago

Amazing

Anonymous
4 months ago

I’m not surprised. Buildings this size normally doesn’t fill up this fast, so the electrical system must’ve gotten really overloaded.

Anonymous
3 months ago

Melo Group just sucks at building and cuts corners. I lived in Melody Tower when Hurricane Irma came in and flooded ALL units on the east (water facing) side – including mine. They were absolutely terrible to deal with. That’s one of my top questions when I look for a new place….Is this is a Melo built property? If yes, I won’t even consider it.

Anonymous
4 months ago

Virtually every review is already 1 star

Anonymous
4 months ago

lol i just read the reviews. Everybody on here creams there pants for Melo building stuff yet most of their buildings have shit reviews.

Anonymous
4 months ago

Everybody?.. I think you’re confusing this site for the one you normally read.

Anonymous
4 months ago

To be fair, most people who write reviews are doing so to complain. The high ratings specifically giving shoutouts to staff are fake. Still, I wouldn’t be surprised if real reviews reflect the buildings overall.

Anonymous
4 months ago

Nope, I live in a Melo building and have zero complaints

Anonymous
4 months ago

This Melo building is terribly managed – there is no communication from management to residents and they cut their phone lines.

Anonymous
4 months ago

I just moved in this towers, the west one, and I love it. My review is 5 stars!!
⭐️⭐️⭐️⭐️⭐️

Anonymous
4 months ago

The west one hasn’t even opened yet lol

Anonymous
4 months ago

If it’s anything like Art Plaza, Square Station, Melody or Miami Plaza, it will become another slum high-rise. Paper thin walls, filthy hallway floors, vomit and dog urine/feces in elevators, constant smell of pot in hallways/elevators and a lot of crime, including murders.

Anonymous
4 months ago

If you live in one of those places, you should move then.

Anonymous
4 months ago

^^that’s why single family houses sell and rent for such a premium.

Anonymous
2 months ago

Really solid buildings. I was inside one of them during the last hurricane.

Yeppers
4 months ago

Now build vertical separation for the bike lane that was recently installed in front of the building. People are parking on it constantly.

Anonymous
4 months ago

no one cares about bikers

Anonymous
4 months ago

if you care about alleviating traffic, you definitely care about bikers

Anonymous
4 months ago

^ But, when people ride bikes, they become just another form of traffic…

Anonymous
4 months ago

HEYYYY !!! in this Age we are not supposed to be using LOGIC!!!
COME ON MAN!!!

Anonymous
4 months ago

^ lol…

Anonymous
4 months ago

The bike lane on S 1st Street has been there for several years.
Bikes dont use it….but it does eliminate a travel lane for people who DO use S 1st street.

Plus all the expensive green paint and signage makes you wonder why anyone listens to these squeaky wheel people (probably less than 2% of population) as they crusade to “get cars off the road”.

Anonymous
4 months ago

If you don’t like it move to Idaho

Anonymous
4 months ago

^^If you wanna ride a bike around like a 10 year old boy, move to Kendale Lakes, not downtown.

Anonymous
4 months ago

Hmm…
“If you don’t like it move to Idaho”
Trying to make a modicrum of sense out of that horribly ignorant comment.

I don’t like stupid ideas, and I don’t like stupid misappropriation of my tax dollars. But, I understand that there will be a great deal of dumb ideas that will be implemented. Like constricting the flow of cars in a place where people need to go. Doesn’t mean that I should, will, or can be told to move to Idaho.

Rather, I’ll spend my energy encouraging stupid people to read abook, and uplifiting stupid people so that there are not so many of them in Miami.

Simply pay attention to how these “sounds good” ideas, like vacant bike lanes on S 1st Street, do not work in practice.

Current Resident
4 months ago

The management is terrible. Let me explain in detail:

1) There is no communication (no email, no resident portal, no text message, no airplane banner across the sky). They actually cut their phone lines lol

2) Do you have a maintenance issue? Do you have any issue at all? Good luck trying to contact someone.

3) Oh maybe I can go down and speak to them in person? Nope. We tried that this morning, they closed the door on us and threatened to call the police (lol)

4) There is clearly an electricity wiring problem in the building that has caused short circuits and outages (an elevator actually dropped a few floors during the last blackout). Then fire trucks showed up. Was there any communication from management on what happened? If it is safe? If they’re looking into the issue? NOPE. Nothing. The next morning when I come down to ask, they say “oh it is not our fault, its FPL’s fault”. So what are you doing to mitigate this next time? OR update the residents when it happens? Nothing.

5) There is no emergency contact. The security from 7pm to 7am has no way of contacting anyone that works for the building as well. Why? Because they cut their phone lines.

6) They have to be fixing this stuff right? I have no idea. Tried to calmly talk to them about these very easy issue (like hey can you just communicate with us when there are outages). Was met with a “its not our problem”. Whose problem is it then?

7) The parking garage is insane. There are parallel spots against the turning lanes and there are no mirrors in the garage. I asked about getting mirrors installed in the corners/turning areas because people have almost been in accidents. I was told “we don’t have them in any of our other buildings”.

I tried to be patient here but this stuff is getting out of hand. Hey I moved in in July – I still don’t have a copy of my lease nor will they give me a copy when I ask. This is just the tip of the spear here.

The management here needs to take our concerns into account and give us a clear line of communication. That is literally all we’re asking. It would also be helpful to not have the electricity and backup generators go out every few days but hey – maybe I’m asking too much.

Brooklyn
4 months ago

You get what you pay for

Anonymous
4 months ago

wow what a shit show. And i thought my building was bad now mine seems like a 5 star resort compared to Downtown 5th

Anonymous
4 months ago

Congrats Melo. These infill projects are much needed to drive future activity in this area. These are the only cereal boxes that are entirely full. They usually have 35% air in the box.

Anonymous
4 months ago

Congrats to Melo for having the vision and execution to serve the previously severely undeserved Miami rental market – you guys deserve all the success you have earned!

Anonymous
4 months ago

No vision, but certainly a committed execution.

Anonymous
4 months ago

Not referring to an eye test – call it foresight if that makes you feel better. They built up the arts and entertainment district basically singlehandedly and now their downtown rentals are getting filled out in record time. Call it whatever you want they knew the demand would be there. Enlighten us all with your vision chief.

Anonymous
4 months ago

This building is a disaster, residents in it are already saying they don’t have power for the last 5 days. Great job Melo!

Anonymous
4 months ago

Residents said that? I don’t recall saying that and I’m a resident😳

Anonymous
4 months ago

Look, he gets paid by MELO competitors.

Anonymous
4 months ago

Forget the bashers.. keep going Melo.

Anonymous
4 months ago

Time to open so restaurants and coffee shops around here. Miami Worldcenter better expedite because these people need some services!

Anonymous
4 months ago

A new Publix just opened a few blocks away, you have Bayside Marketplace is a Metromover ride away.

Anonymous
4 months ago

See how you always use the word “away”? This area needs restaurants right there not [insert any unit of measure] away from it.

Anonymous
4 months ago

Oh boo hoo, some people may have to be inconvenienced because they have to take a free Metromover ride to the grocery store… sob.. sniff…

Anonymous
4 months ago

While “affordable housing” may be the goal, all of these Melo buildings are like New York City projects.

– Poor build quality
– Unattractive exrerior designs
– Cheap rents
– Dangerous, accident-prone parking garages
– Crime-infested
– Drugs

NYC Loves Miami
4 months ago

I agree with everything above except for poor build quality. Those buildings are solid.

Anonymous
4 months ago

Look at it haters!!!!

Anonymous
4 months ago

If Melo builds it, they will come

Anonymous
4 months ago

Meló is known for vertical Sh*tboxes; anyone disagreeing is not from the development community in South Florida. The communities are poorly run by lowest paid property management talent (some of whom are cheerleading in comments below). They have and will continue to have issues mentioned in comments below. But, let’s give credit where credit is due. Melo took a risk in downtown, which is admirable. And they will have a nice exit, just not nice reviews from tenants.

Anonymous
4 months ago

“Meló is known for vertical Sh*tboxes; anyone disagreeing is not from the development community in South Florida”

Heck, most of these developers in Miami go through lawsuits because of some building issue.

Anonymous
4 months ago

Truly amazing.

Anonymous
4 months ago

Will the residents have electricity in this building?

Anonymous
4 months ago

Yes. Shore power.

Anonymous
4 months ago

Happy for Melo’s success and providing workforce housing. But this is still an hideous tower that looks like a barcode, although it looks better in person. Congrats Melo!

Anonymous
4 months ago

Wow, there are a lot of Melo employees commenting in this thread.

Anonymous
4 months ago

Thanks to melo so much new a$$ is moving into downtown and Edgewater. I can literally pick and choose. If not for Melo i had to travel to Hialeah and North Miami for the same booty. Cheers.

NYC Loves Miami
4 months ago

lol

Anonymous
4 months ago

And last night they lost power and people were stuck outside. Only in Dade has the scoop

Anonymous
4 months ago

Don’t be surprised, kinks have to be worked out. Remember, that area of downtown is not used to the massive amount of construction that’s going on.

Anonymous
4 months ago

Someone oughta fact check this “Melo spokesperson”

Anonymous
4 months ago

Uhh.. where are the people who call these apartment buildings “ugly” now?

Anonymous
4 months ago

They can be both ugly and full.
A big advantage to living there is you don’t have to look at them.

Anonymous
4 months ago

They are in their Hialeah’s crappy home with mom and daddy.

Anonymous
4 months ago

no mess with hialeah papi, hialeah no crappy, hialeah classy, hialeah speaks rhe best engliszs in miami

Anonymous
4 months ago

The apartments are okay. Exterior-wise, the buildings are ugly as sin.

Anonymous
4 months ago

Okay award winning design expert!

Anonymous
4 months ago

^ Whoop! 🚨Whoop! 🚨 Criticism Police here! Telling you, you can’t criticize a project.

Anonymous
4 months ago

^ Hey crybaby, I guess you really don’t understand what that word “REPLY” mean. I’ll tell you this though, it doesn’t mean you just use it to talk the lame bullshit you talk.

Anonymous
4 months ago

Awww, he wuttle feelings hurt.. he can criticize anyone but if anyone replies to a comment, he calls the “Criticism Police.”

Poor baby…

Anonymous
4 months ago

correction: he calls them the

Anonymous
4 months ago

lol they didn’t have power the other night as i was passing by omw to work…maybe about 11pm or so and people were standing outside

Anonymous
4 months ago

Melo group just gave affordable housing to 1000s. The inventory crisis is real, and prices are so much higher in Downtown area. There have been some issues, and I am sure they will be fixed. Remember they just opened… If you are ok paying $3500-$3700 for a 2 bedroom apartment then great and if you find it and win the bidding war. Here the price for a 1 bd plus den which is like a (2/2) starts at $2150 with 950 sq ft.

POLO
4 months ago

MOCKBA TOWER, CIRCA 1970!

Anonymous
4 months ago

somebody please stop MALO, I meant Melo!!!

Anonymous
4 months ago

Why?.. are you gonna take Melo’s place?