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Melo family conquering the world!

Cashflow In Miami
June 24, 2021

34 SW 1 st Miami, FL

53 N.E. Fifth St, Miami, FL

711 Northeast 23rd Terrace, Miami, FL

2220 NE 2nd Ave ,  Edgewater, Miami, FL

Since 2001, Melo has grown its portfolio to more than 6,000 condominium and apartment rental units throughout the greater downtown Miami area. The fully integrated real estate development firm handles all construction and architecture in-house.

Father and two sons , originally from Argentina and have been making waves in downtown area!
The most latest news is the announcement of the Aria Reserve tow towers! We have written before about the planned rental community Island Bay , now it is going to be two new condo towers!

The two-tower, roughly 800-unit development is expected to rise at 711 Northeast 23rd Terrace. Miami-based Melo is launching sales of the first tower, with 391 units. The developer plans to launch the second tower based on market demand.

The site totals about 5 acres.

Construction of Aria Reserve’s south tower could start as early as next year and is expected to be completed in 2024.

Prices for units at Aria Reserve’s first 62-story building start at $750,000 and rise to $12 million for the 15 penthouses. Most units will range from one to four bedrooms, with between 1,100 square feet and 2,600 square feet. The penthouses will range from 3,500 square feet to more than 9,000 square feet, each with a three-car garage.

The towers are being designed by Bernardo Fort-Brescia of Arquitectonica with interiors by MORADA Haute Furniture Boutique and landscaping by ArquitectonicaGEO. Amenities will include a 2-acre recreation deck with a lap pool and spa, gaming center, playground, tennis courts, basketball courts, paddle courts, miniature golf, a wellness center, gym, meditation garden and more.

Melo also plans to build a public park along 23rd Street that would connect to the planned Miami Baywalk.

At the same time the group is bulding the 57-story tower with  560 market-rate apartments, 10,000 square feet of office space and 3,000 square feet of ground-floor retail space. Completion is slated for 2022.

Downtown 1st will include one-, two- and three-bedroom apartments. Units will feature glass balconies with bay and city views. Building amenities will include two swimming pools, a fitness center, business center, social room/game room, 24-hour concierge/security and a multi-level garage with valet service.

The site for Downtown 1st is in close proximity to Miami-Dade County’s Government Center, the Main Public Library, the Miami-Dade County Courthouse, Miami-Dade College’s Wolfson Campus, the New World School of the Arts and Brightline’s MiamiCentral.

Melo is also building Downtown 5th, twin 52-story apartment towers in Miami’s CBD. Pre-leasing is underway for the 1,042 units, which are slated for completion this summer. The firm is planning a third multifamily project nearby dubbed Downtown 6th that will total roughly 800 units. All told, Melo Group is expected to deliver nearly 2,500 residential units to Miami’s CBD over the next two years.

Miami developer Melo Group is planning a new project called Cardinal Plaza that is also in the works.
Cardinal Plaza will include 441 residential units and an unspecified amount of commercial and retail on a 1.8-acre site.
Originally founded in 1948 by Armando Ferreira de Melo in Buenos Aires, Argentina.


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