After Just A Few Months, Square Station Already 75% Leased

Melo Group’s massive new Square Station apartment towers are filling up fast.

Around 75% of units are already leased, the developer told Fast Company last week. Completion was in June.

In total, the project includes 710 units, in twin 34-story towers. At 75% leased, over 530 apartments would be occupied.

Rental prices range from $1,650 for one-bedroom units to $2,500 for a three-bedroom units. A $100 discount is being offered for those without a car, but few residents are taking that offer.

Miami zoning code requires developers to build parking spaces for apartments, but the Melos say they are trying to wean residents off of driving and parking, in favor of public transportation and ride sharing. They hope to show the city that the need for costly parking spaces is diminishing, they said.

 

Photo taken June 2018:

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Anonymous
2 years ago

These guys have a vision to make Miami better AND theyre making it happen keep it going Melos!!

Anonymous
2 years ago

I wish them well with their forward thinking on parking. That $100 incentive to ditch a parking space in the garage is also visionary. That leaves renters with a lot of disposable income they can use to improve their quality of life.

Anonymous
2 years ago

$1200 a year is a lot?

Anonymous
2 years ago

I’ll take the $100, they would give my husband and me an extra Saturday Happy Hour (accompanied by good sex) and another Friday night pizza and beer dinner.

Anonymous
2 years ago

Your husband is a lucky guy. Hope he knows it. 🙂

¯\_(ツ)_/¯
2 years ago

How do you know this person isn’t gay???

Anonymous
2 years ago

or a bottle of wine for five nights of drinking away the regret of having a wife who would do none of those things

Prometheus
2 years ago

TMI

Anonymous
2 years ago

And no car payment, insurance, gas, and parking fees at destinations adds up to a lot of Uber/Lyft rides.

Anonymous
2 years ago

Theres plenty of things to do in the area and the metromover is right there and a transit pass is $100 so you still save money.

Anonymous
2 years ago

Yes, but current state of MDT Transit.. they are trading lots of their time, hence, the $100 a month being stingy.

Anonymous
2 years ago

“…but few residents are taking that offer.”

Anonymous
2 years ago

Yes, because $1650 – $100 = 1550.

Nah, I’ll pay the extra $100 a month for the convenience of having my auto there when I need it. You see, I know that if I move into one of these apartments, I have the convenience of jumping on the Metromover and riding all over downtown and Brickell for free.

Anonymous
2 years ago

I would rather have zip car on site and use a car only as needed

anon
2 years ago

The $100/mo discount is probably covered by what Melo can relet the space for, so no real skin off their back.

RENATA
2 years ago

THE MELOS ARE SIMPLY ON FIRE!!! I WENT INTO TWO OF THE UNITS ARE SQUARE STATION AND THEY ARE OUTSTANDING!!!

Anonymous
2 years ago

Melo is doing more to promote public transit use than the City of Miami.

Anonymous
2 years ago

Really? I thought Melo was just figuring out ways to cut cost and gin up business?

Anonymousg
2 years ago

I’m sure this an “introductory” discount.. and won’t last

anon
2 years ago

A little like the airlines, breaking down costs that used to be bundled, and letting consumers choose what they want to pay. Next will be all day elevator access.

Anonymous
2 years ago

Agree

Anonymous
2 years ago

Melo > Related

Anonymous
2 years ago

I think you’ll have to offer more than $100 off to get people to bite. Frankly, building parking is expensive, and it’s in the developer’s interest to not build.

Don’t be stingy.

Anonymous
2 years ago

It would be interesting to see Metromover ridership figures for School Board station once all of those new buildings are occupied.

Anonymous
2 years ago

Nice. That’s what happens when prices are right!

Anonymous
2 years ago

If you don’t Need a car, don’t have one. Makes sense.

Anonymous
2 years ago

“They hope to show the city that the need for costly parking spaces is diminishing, they said.”

Oh, good luck with that when you have dimwits who think self-driving cars are around the corner.

Anonymous
2 years ago

They already exist. Self-driving cars I mean.

Anonymous
2 years ago

Dimwits, too. Only they’ve been around longer.

Anonymous
2 years ago

Since the car is self driven, it will just drive around until it finds a free parking space to reside at while you’re chilling out at home.

Anonymous
2 years ago

and that’s why self driving cars won’t solve our problems. horribly space inefficient.

Prometheus
2 years ago

Um, no. It’ll keep driving around til it finds another client needing a ride. These cars will not be for private ownership. They will provide subscription-based mobility.

Anonymous
2 years ago

Oh brother, traffic will get much worse then.

Anonymous
2 years ago

Our son lives in Washington DC and his building charges $300.00 per month for One parking space. He has no vehicle because he walks 15 minutes to work or the metro. That is a savings and he never wants a vehicle again.

Anonymous
2 years ago

Well, building below ground is expensive and there are very low height limits in DC.

Anonymous
2 years ago

Unless he moves back to Miami, where everyone is learning to drive and everything is 30 minutes away!!
I though the same when I moved back from College, I rode my bike to and from work for about 6-months and I was partially happy. I slowly began to realized that I was escaping death or serious accidents on a weekly basis. We keep fighting for bike lanes but we need drivers education!!! raising insurance prices wont do if we keep giving away licenses!! Vehicle License exam should be difficult and not for everyone to pass!

Anonymous
2 years ago

Who do you think will be running the driver’s education classes?.. it’ll be the same people who are just handing out these driver’s license.

Anonymous
2 years ago

He won’t be moving back here as his career is in DC and he loves the lifestyle.

¯\_(ツ)_/¯
2 years ago

What lifestyle is in DC?

Laz
2 years ago

Of course now; dumb urbanist still don’t get most people do not work in downtown/brickell

Anonymous
2 years ago

$1,650 a month in that neighborhood?!? Can do better than that in Brickell!

Anonymous
2 years ago

Where…..?

anon
2 years ago

Can’t even get a studio on Brickell for $1,650 (that’s not 20 years old).

Anonymous
2 years ago

There are literally multiple listings at buildings from last cycle that are under $1,650. Sure, they’re not brand new buildings or Icon or whatever, but I’d rather live somewhere like Latitude, Neo Vertika, etc and paying less than where this is located.