REBusinessOnline

Melo Group Breaks Ground on 57-Story Downtown 1st Apartment Tower in Miami

The 57-story tower, known as Downtown 1st, will include 560 market-rate apartments, 10,000 square feet of office space and 3,000 square feet of ground-floor retail space.

MIAMI — Melo Group has started construction of Downtown 1st, a transit-oriented multifamily development at 22 SW 1st St. in Miami’s central business district (CBD). The 57-story tower will include 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.

“We’re bullish on downtown Miami’s CBD,” says Carlos Melo, co-principal of the Melo Group. “Our firm’s guiding principle has always been to build for what the market demands. Now more than ever, we’re seeing people in need of good quality, attainably priced housing in convenient, walkable and urban locations close to their jobs and free public transit.”

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.

— Kristin Hiller and Julia Sanders

Content Partners
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Walker & Dunlop

Webinars on Demand


Conferences


Subscribe to the newsletter

Read the Digital Editions

Texas Affordable Housing Business

Southeast Affordable Housing Business

Heartland Recent Issue

Northeast Recent Issue

Southeast Recent Issue

Texas Recent Issue

Western Recent Issue

Shopping Center Business

California Centers

Ancillary Retail

Student Housing Business

Seniors Housing Business

Featured Properties  

2021 Finance Insight Video Interviews