Strong Demand For Apartments At Newly Opened 58-Story Downtown Miami Tower

There is strong demand for apartments at a new 58-story tower that just opened called Downtown 1st.

The building has 560 new rental apartments, and opened in January at 70% pre-leased, according to a January 25 press release.

By January 31, Downtown 1st was said to be 85% leased, according to Ryan RC Rea, who made a site visit (a video tour of a $3400 2-bedroom unit is here).

One-bedroom apartments started at $2050, according to a July Instagram post. Two bedrooms were listed as starting at $3050, with three-bedrooms starting at $3500.

In addition to apartments, the tower includes 10,000 square feet of office space, and 3,000 square feet of ground-floor retail space.

The 537-foot tower is the tallest ever built by developer Melo Group.

 

(photos: Phillip Pessar)

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Anonymous
7 months ago

This immediate area has a long way to go but this supply is a great start…

Lets go!
7 months ago

Yeah this area is really rough. There are literally blocks and blocks of single-story crap buildings that are boarded up and near vacant. The more quality development in this area the better!

Downtown Dude
7 months ago

Melo Group did a nice job on this one. Hoping for more in downtown.

Based
7 months ago

560 rentoids in one high rise. What could go wrong.

Call me rentleman
7 months ago

What is a rentoid? Is this some sort of class war word that only realtors know? I’ve owned homes and rented apartments. There are pros and cons to either. It’s good for cities to have both.

Based
7 months ago

Go into the elevator in a rental versus an owner occupied building and smell the difference.

Anonymous
7 months ago

This ^^^

Jose
7 months ago

Melo is doing a great job for affordable builds in downtown. Great to see people living in such a high traffic neighborhood now instead of passing through on the way to Brickell.

Brickell-Downtown Connection
7 months ago

Awesome location next to the amazing Mint, Wind, and Ivy river district areas and highly connected to Brickell, with downtown prices. This is awesome for incoming residents and those looking for affordable options near Brickell and the riverside in downtown.

Anonymous
7 months ago

If we’ve learned anything about Miami is that if you build, they’ll come.

LGBT Brickell
7 months ago

Finally Downtown is getting some fun designs like Brickell.

LGBT Brickell
7 months ago

We need more gay clubs in Brickell and Downtown. Why are the only gay spots in Wynwood and all the way in South Beach? You want more real estate s transactions and design in Miami, open some classy straight-friendly gay hubs. There’s gays everywhere and it’s so gay friendly. I’m shocked nobody has tapped into this market yet.

Checo
7 months ago

You are so right. There are several 2nd gen spaces on and around Flagler that would be perfect. Even though Flagler St is still rough, there are some beautiful spaces, a little grit on the outside won’t matter, and loud music won’t matter.
The best bars in South Beach, like the type that you have described LGBT, were Paragon, Warsaw, and even 821. They were in areas that were rough but turning.
If you build it..

Anonymous
7 months ago

I say this all the time! We don’t want to go to South Beach just to go to a gay bar.

Anoymous
7 months ago

Miami needs a gay district actually , as well as a China Town and Little Italy

Anons
7 months ago

I disagree. This is not a city that needs to be divided into sub areas for people to feel welcomed. We can have a diverse mix of communities in the same area, we just need more gay bars in Brickell, Riverside and/or Downtown.

Anonymous
7 months ago

Downtown has had gay clubs come and go. They don’t last

Miami Boomberg
7 months ago

Only if it’s best Brickell or South Beach, Otherwise NYC won’t touch it. They may have a drink there, but not to live.

Anon
7 months ago

Looks good. Great infill.

AAA
7 months ago

Studios start at $2050 not one bedrooms.

Brucec
7 months ago

goddamn that’s almost my mortgage

Anon
7 months ago

That’s my HOA payment in Brickell. Quit being so cheap.

Anonymous
7 months ago

What about your association fees, insurance, taxes, repair costs, etc.?

Paul
7 months ago

Plus the bs $200 fee for the privilege of parking a car, which they disclose after luring you in.

Anonymous
7 months ago

You’re lucky you have a place to park. Downtown will not have any parking when it’s completed.

Anonymous
7 months ago

Yes it will. Freaking Manhattan and downtown SanFran have parking. Shhhesh.

Anoymous
7 months ago

Use the Metromover and trains

Anonymous
7 months ago

NO.

Anonymous
7 months ago

The rent will go up when people realize the quality. It’s so cheap compared to anywhere in Brickell. The new River District in Brickell needs more workforce housing close by.

Paul
7 months ago

The difference is negligible when you add rent plus parking . I would rather pay $200 more to live in Brickell. Melo is not the bargain it used to be.

All Rented in Brickell
7 months ago

Everyone would rather live in Brickell, but your looking at at least $1000 more to live anywhere in Brickell.

If you want to live on a quiet street or boutique building in Brickell you’ll probably pay even more given low supplies and high demand.

Bruno
7 months ago

If you are 85% leased up only 30 days after Certificate of Occupancy, the rent is too damned low.

Juan
7 months ago

Great building, those rent signs are tacky though

ANON
7 months ago

Now let’s bulldoze the downtown distributor and improve this neighborhood

Anonymous
7 months ago

Let’s NOT. The greater public good of interstate access trumps developer and newbie condo buyer aesthetic desires.

Anonymous
7 months ago

Let’s NOT

Yes make downtown great again!
7 months ago

Good idea!

Anonymous
7 months ago

^shitty idea kiddo

Anonymous
7 months ago

Any update on Downtown 6th?

Ryan
7 months ago

Breaking ground by end of year I hear

Newbie
7 months ago

The name sounds like a penitentiary. Is it next to the prison?

Anoymous
7 months ago

Is there gonna be a Downtown 2nd, 3rd and 4th also?!?

Anon
7 months ago

Way nicer than that tragic design released for Brickell yesterday!

Anonymous
7 months ago

You mean Empire? It was already unveiled. I still fail to see what it so back about a building with lined up balconies, minimal blank walls, and some sort of feature on the roof that makes it look less like some Melo monstrosity (no necessarily this one, however).

Anon
7 months ago

Two differences that make this way better. One, glass railings. Two, diagonal balconies like the rest of Brickell so it doesn’t look like subsidized housing in New York.

Yani
7 months ago

It’s perfectly fine for downtown. Not Brickell. People here have high standards and really polite but picky.

peej
7 months ago

is this designed the same as Downtown 5th, without any drop-off/pick-up area? It’s a shitshow in front of 5th, hoping it’s not similar here…

Anonymous
7 months ago

There’s no drop off area. The developer has again chosen to use the public right of way as an uber eats loading zone.

anyn
7 months ago

not only did they not, they have a bus lane in front of the building that will probably be block by cars at all times now, way to not think ahead melo! Infinite tickets for cops there if they wanted.

Anonymous
7 months ago

Downtown 5th is a shitshow and water is wet.

Anon
7 months ago

This is actually a pretty good looking tower….

MM305
7 months ago

Its amazing. Basically, any new tower that goes up will have views in Miami thanks to thoughtful setbacks, and the demand for those skyrise views seems to be nearly inelastic. SO WHY ARE WE LIMITING HEIGHT IN OTHER NEIGHBORHOODS IN MIAMI AND CONCENTRATING THEM IN SUCH A SMALL AREA THAT IS SLOWLY BEING CONTROLLED BY WALLSTREE-CONNECTED GROUPS?

Brickillite
7 months ago

Develop Riverside! It already has a huge walkable base to thrive.

Anonymous
7 months ago

It’s walkable because it was built at human scale, and not giant cigarette boxes on parking pedestals taller than any of the buildings themselves.

Lolita
7 months ago

It’s walkable because people are walking to work in Brickell. How about building up the economy in Riverside for a change?

Bruno
7 months ago

Why don’t you develop Riverside?

Bruno Should Develop Riverside
7 months ago

Why don’t you Bruno? You love the “West Brickell” part of Little Havana so much, and keep donating to affordable housing with the requirement that the building put “west Brickell” on the wall because you’re so ashamed to have affordable housing in the same neighborhood as you.

That doesn’t sound like a donation to me. Donations don’t have strings attached…

Anonymous
7 months ago

lmao you don’t think donations ever have strings attached, you can’t be that naive

Boring Law z
7 months ago

Under federal tax law, I’d think that trying to rename a neighborhood to add value to your existing property is NOT lawful if you’re claiming a tax donation deduction. According to the IRS, “Under IRC 170, if the donor receives something of value for a payment, all or part of the payment will not be a gift and a deduction in whole or in part will not be allowed.”

Anonymous
7 months ago

Affordable housing should be located in cheap areas by definition. You don’t get to live on Brickell Key on $40k/yr. Deal with it kiddo.

Claughton Island (“Brickell Key”)
7 months ago

Most buildings on Claughton Island are already affordable. It’s old construction and not built under modern codes. It’s a great place if you want to be near the mainland Brickell and don’t mind living in a vertical suburb.

Anonymous
7 months ago

^^so what the buildings are older–the location has appreciated tremendously, and nothing there is remotely cheap or even mid-priced.

Bad for Brickell
7 months ago

Using donations to try to redistrict cheapens all of Brickell and Miami though. We have received numerous complaints from vested stakeholders in Brickell. It’s becoming a pattern and not a good look for Brickell.

Anonymous
7 months ago

Well, something called “zoning” exists to regulate land uses, and under Miami21 is also supposed to regulate form, including transition zones of lower-rise buildings the further you get from the “concentrated small area” you speak of called downtown. You can already build at appropriate mid-rise levels in many areas of the city that have yet to see redevelopment, but will likely come.

Miami22, A More Evolved Miami
7 months ago

Spot Zone Riverside. make Miami high rise zone a T-shape instead of a long narrow twig with no metrorail to support northern expansion. Keep the north serene. The west is full of blight anyway and would be enanced along the river and relieve traffic on I95.

MM305
7 months ago

Its not spot zoning if its 200 linear feet on the same road. So you could upzone one block and it wouldn’t be spot zoning. Spot zoning is just a single folio getting upzoned. There is a misconception about the legal meaning of that term and when to apply it.

305z
7 months ago

I was using it in a good way. Like this is a good spot to develop. Zone that spot. Agree with you, Riverside needs modern luxury and middle income development.

Melo is sigma and Chad
7 months ago

Lets keep it going Melo

miami resident
7 months ago

when does urban22 open?

Melo, the true giga Chad
7 months ago

Awesome building, ruined by the disgusting metro mover flyovers!

Anons
7 months ago

The flyovers are what make Miami unique. They are so cool and modern!

Downtown Vagabond
7 months ago

I don’t know what they’re talking about, my friend moved in late December and they opened in November.