Video Footage Of Melo Group Preparing To Pour Foundation For 53-Story Downtown 5th Towers, & Photos Of Their Topped Off Miami Plaza

Crews at Downtown Miami’s twin 53-story tower Downtown 5th project are frantically preparing for a foundation pour, a new video shows.

L&R Structural Corp., the project’s shell contractor, uploaded the video to social media.

It shows workers scrambling to get the foundation mat ready. Vertical construction can already be seen on the sides of the foundation area.

L&R also served as the shell contractor at Miami Plaza, a 35-story tower that recently topped off.

Both Miami Plaza and Downtown 5th are being developed by Melo Group.

Melo & L&R have a track record of speedy construction. Miami Plaza was at the same stage that Downtown 5th is currently in around April 2019 and topped off at 35 stories in December.

Miami Plaza will include 435 apartments, while Downtown 5th will have 1,042 units.

 

(video: l&r structural corp)

(photos: phillip pessar)

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Anonymous

On to the next, keep it going Melo! Miami needed this…

LAURA DE ARMAS

MIAMI PLAZA IS THE BEST FROM MELO SO FAR!!!!

Anonymous

Aria and most their development from the 2000s boom doesn’t exist?

LAURA DE ARMAS

I thought Aria was done by Related.
I stand corrected, Aria is way way better!!!

POLO

No, Aria is the best so far!

Anonymous

Define needed

Anonymous

Does anyone else have a hard time believing there’s enough demand for these many units that this project actually got financed? You have 800 units coming online at MiamiCentral, 650 units under construction at Society/X Biscayne, and over 400 units at Luma. That’s nearly 2,000 units within walking distance of a 1,000 unit project?

Anonymous

don’t forget about Yotelpad

Anonymous

Its best to have them and not needed than needed and not have them.

Anonymous

I’m not sure building something that isn’t needed is the best use of that land.

Anonymous

You’re not sure of a lot of things. Good thing you don’t have to invest any of your money to find out.

Anonymous

yeah the person above you obviously not the sharpest tool in the shed

Anonymous

you def didn’t major in economics

Anon

Actually, I did, and I work in economic development. Have you ever even done a pro forma or a residual land value analysis?

Anonymous

Who cares?

Anonymous

They’re all rentals so yes there is demand for them. And these buildings are filled quick.

Anonymous

The Melo price point and the price point of all those other projects are very different.

Miami Central will be the most difficult to lease up since they are the furthest from the bay and command some of the highest prices. Miami doesn’t have a large class of professionals that work here — and the Melos clearly understand that dynamic building housing for lower paid people that also desire living in the urban core.

Anonymous

Again, living on and having bay views is not the “crowing jewel” in everybody’s life. The Miami Central apartments are chock full of alternative mass transit options which will only, in time, get better.

Anonymous

Then go move to Indianapolis or Chicago if the salt life means so little to you, mass transit geek!

Anonymous

Boy, whoever you are, that “move to Indianapolis or Chicago” quip is really one dumb statement.

Anonymous

Again, boy, waterfront is far more valuable to most NORMAL people, yourself not being included because you’re an outlier flake. To each their own though.

Anonymous

^ Son, I’m in my 60’s and was born an raised in Miami. You can’t tell me shit, I’ll give you a history lesson and tell you what will an won’t work in Miami.

You’re just trying to guess and your comments are just as WACK as you are.

Anonymous

So what oldfart I’m well into my 40’s born & raised in Miami and you can’t tell me shit. THE MARKET wants waterfront and water views and you are an outlier. If you wanna pay more for property that isn’t waterfront or water views because it’s close to busses and trains, who GAF? You’re not the market. You’re a (rare) individual. Non-waterfront and non-water views WILL NOT command top prices in Miami. You’ve spent your 60+ years living under a rock.

Anonymous

I thought this, and then I realized: a) Miami has some of the highest rents (relative to income) in the country; b) Miami has a young and growing population; c) Miami has a fair amount of in-fill land available in the core, and–again it’s all relative–a fairly straightforward development process that isn’t bogged down by lawsuits and neighborhood groups like projects in NY/SF/LA/Chicago can be.

But more importantly, the absorption rate of new residential units in Miami is bananas high. They’ll keep building until the absorption rate goes down, then rents will flatten, then they’ll stop building so much. And then, in three or four years, rents and occupancy will be back up, and building will begin again.

Anonymous

Miami is growing but it’s also growing older. It’s not younger.

Anonymous

Hey, if you haven’t noticed, I’ll count to five:

1, 2, 3, 4, 5. You’ve just gotten five seconds older, not younger.

Anonymous

A city can grow while their median age shrinks. Miami is not that city. Just look at census data. Y’all are so quick to mock comments and don’t even fact check first. When it comes to Miami, the harsh reality is there’s a discrepancy between what politicos, realtors, and other cheerleaders are putting out in fluff pieces and what the hard data actually suggests.

Anonymous

Blah blah blah.. present data to back up your claims or sthu.

Anonymous
Anonymous

^Hey shithead, you seem to be the only one concerned about people’s age in Miami so you can take your links and STUYA!

Anonymous

Move back to one of the many loser cities up north.

Anonymous

Here we are with another asshole who wants to tell somebody where to move because he doesn’t like their opinion.

Here’s a tiny bit of a history lesson dumb dumb:

Years ago, a man from New York named Henry Flagler built a railroad from New York, all the way down to Key West Florida. A state at the time that was considered just swamp land and mosquito infested. It was because of Henry Flagler’s railroad, which brought many other northerners down to Florida and all the way to Miami and Key West to invest in vacation resorts, that is the reason why you see the prosperity in Florida that to this day, exist.

So thank those so called “loser cities up north” and cut it out with the derision because people were moving from states north to south and east to west in this country wayyyy before you were born.

Anonymous

i’m with you. bubble. no way. where are all these people working to afford this crazy rents? this is Miami after all. low wages. makes no sense. bubble

Anonymous

Haven’t you heard?.. more and more people from northern cities are moving to Florida… and I welcome them with open arms.

Anonymous

That’s fake news

Anonymous

Fake like when you tell women about the amount of money you make?

nirvana

lol, stop listening to realtors, #1 song they have been singing and their press printing. Reality is only few financial firms moved and they employ 5-20 people. What Miami needs is an Amazon that is going to hire 1000 people paying 60k plus.

Anonymous

Some of them are even 1 person hedge funds. Big deal!

Anonymous

Alot of us work in miramar, davie, weston and myself sunrise.

Anonymous

Demand for live work play communities are skyrocketing and the downtown area is the best example of it. These building will only lower the barrier to entry bringing in evermore people.

Anonymous

Agree.
All these units will get absorbed in due time.
Also, construction costs on the high rise from labor shortages and no mellenials going into the trades.
Future construction costs are expected to be outrageous from this trend. These units will be absorbed.

Anonymous

No “mellenials” going into the trades…..BS, job sites are full of 20-30 somethings. True, more millennials should go into the trades instead of crying they make $9/hr in fast food or $14/hr with their degree in Baked Bean Fart Theory. it’s not always an absolute. But they ALL got dogs, right?

Anonymous

Generally, all the 20-30s you see on job sites are mostly illegals from the subs.
Legal mellineals are not going into trades even if you pay them $45 per hour.

Anonymous

The only rental building 100% occupied in that area are melo buildings.Other surrounding rental buildings like caoba are piratically empty.

Anonymous

Why should I care?

Anonymous

Just because they’re occupied doesn’t mean people can afford it…

Anonymous

(scratching my head) Um.. what?

Anonymous

AKA stretching or destroying their budgets just to make rent – opportunity cost of not saving for retirement, kids college, etc. Just because you can technically drive a Porsche for $800 a month doesn’t mean you can afford to do anything else without taking on more debt. Sales people will find any way they can to qualify any warm body in front of them to close the deal.

Anonymous

So tell me something Einstein, how many people do YOU guessimate the percentage is of people who really can’t afford to live in these apartments?

Anonymous

What’s with the name calling? I have no idea. All I was saying is that just because people rent somewhere doesn’t make it sustainable. Rent growth vs wage growth is obscene so it’s not a stretch to think some people that pay market rate rents are a missed paycheck or two away from not being able to rent in these shiny new buildings.

Anonymous

Stop whining Einstein and answer the question.

Anonymous

The Melo District

Anonymous

Can’t wait to see what downtown is going to look like with those twin towers.

POLO

What is he doing wrong, or right? 830 Brickell started working on their foundation on January, 2019, and still not ready (but close) to a foundation pour.

Anonymous

Taller building and the soil underneath could be different.

Anonymous

830 Brickell’s biggest tenant was to be WeWork, so they might not be so gung ho on this project anymore.

Anonymous

830 Brickell will have underground parking which adds a significant amount of complexity.

Anonymous

Please Melo buy more lots, only them and PMG actually buy and then build quickly.

Anonymous

You’re right. The Melo Group and PMG should be applauded for at least doing their part in transforming areas that were just embarrassingly barren plots of land in downtown Miami.

Anonymous

Melo Miami

marc

Frantic and scrambling don’t pair well with construction.

Anonymous

thank you.

Anonymous

Their construction isn’t the highest quality to begin with. At least do it with a level head. LMAO

Anonymous

Guess how I know you’re not at all related to the construction industry?

Anonymous

Ugly and uglier.

Anonymous

kiss of death for Okan Tower…say bye bye to your south views and south unit sales.

Anonymous

Meanwhile, South Miami Beach is getting all the attention but on the other side of the bridge the Superbowl game is gonna be played in Miami-Gardens.

Optimist

Miami Plaza is much better looking than Downtown Fifth.

Anonymous

Miami plaza looks pretty good… actually all of Melos buildings with maybe melody being the exception are maintained well and the landscaping while no award winner is always kept in check…and I like the retail that has opened all along 14 street….glad to have melo

Anonymous

Another Pollo Tropical skyscraper.

Anonymous

MIAMI DOESN’T DESERVE MELO

Anonymous

Pretty sure Melo is making boatloads of money/return on their investments in Miami.

Anonymous

Gee, that’s what I said about roaches….

Anonymous

Stunning, game-changer, world class city. Is this NYC?

Anonymous

Nahhh, you just haven’t woke up yet….

Anonymous

better than NYC

Anonymous

Puleez! Let’s be real.

Anonymous

Are you high???

Anonymous

… my supplier got a good batch last night.

Anonymous

Ugly trash.

Anonymous

… but still beats what was there before.

Anonymous

he needs to be stopped, filling this town with ugly, monotonous building!!!
STOP!!!

Anonymous

Good luck stopping the Melo Group

Anonymous

First of all, before you start complaining, capitalize the first letter in the sentence. Second, put an “s” on the end of “building.”

Anonymous

It’s a blog not an English class…

Anonymous

If you’re going to be a critic you better be perfect, or else, expect criticism.

Anonymous

But I’m open to teach and won’t charge a dime.

Anonymous

Millenial! Spelling does count, even here.

Anonymous

Yes stop the progress! Please no more progress! Keep the empty lots!

Anonymous

… and turn them all into some more empty parks!

Anonymous

please dont…

Anonymous

*parking lots

Anonymous

Which competing developer wrote this. Lol.