Melo Group breaks ground on Miami Plaza apartments – South Florida Business Journal

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But while much of the new supply is on the high-rent side, which will have a short-term impact on rents, it’s the lack of development in the wider South Florida market that will keep apartments in.

Alco International Group has broken ground on Adagio Fort Lauderdale located at 435 bayshore drive. The waterfront building is designed by GS4 Studios with interiors by Steven G and will rise 10 stories on the Intracoastal. The project is reportedly 30% sold and features 31 residences which range fr

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Melo Group has finished construction of its 38-story Bay House condo tower in Miami’s Edgewater neighborhood, reports South Florida Business Journal. The Miami-based developer, which is owned by the Melo family from Argentina, said the 165-unit Bay House is 99 percent sold and only two penthouse units – starting at $2 million – remain.

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Iris Escarra is mentioned in an article in The Real Deal titled "Miami Jewish Health systems nabs approval, Breaks Ground on Buena Vista Campus." LINKS.. Melo Group proposes 60-story towers on Biscayne Bay Less than a minute. South Florida Business Journal. July 16,

The Edgewater neighborhood of Miami. Jock Fistick / South Florida Business Journal Miami’s. going to the beach,” Carlos.

Construction broke ground in July 2011. Mostly sold in South American and European markets. First condominium built and completely sold in Miami after the economic crisis. Construction broke ground in August 2011 and was completed with a C.O. and operating in May 2012. Visit Website at

Miami allows developers to offer fewer-than-normal parking spaces for projects that are transit-oriented developments, and Melo Group has taken advantage, according to the South Florida Business.

Melo Group has broken ground on the 36-story miami plaza apartment tower after securing a $62.73 million construction loan. Branch Bank & Trust Co. (NYSE: BBT) awarded the mortgage to Miami Plaza.

It’s not just luxury apartment buyers who are flocking to Miami from all over the globe but also developers. Veteran Miami developer Ugo Colombo is joining with Russian billionaire Vladislav Doronin.

Melo Group won approval for its proposed Miami Plaza, marking its fourth rental project in Miami’s Arts & Entertainment District. Counting the planned 437-unit Miami Plaza, Melo plans to add.