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(Photo Credit: Melo Group)
Melo Group, one of Miami’s most active and experienced residential development firms, is leading the charge to activate Downtown Miami with attainable, transit-oriented multifamily product for local residents.
The firm officially has completed Miami Plaza, its newest transit-oriented rental tower in Downtown Miami’s Arts & Entertainment District.
The 36-story tower, situated adjacent to the Miami-Dade Metromover School Board Station at 1500 NE Miami Plaza, comprises 425 rental apartments catering to the growing influx of young professionals in Downtown Miami seeking walkable live-work-play lifestyles without the commute. The development also includes approximately 8,000 square feet of ground-floor retail/restaurant space available for lease.
Now open for occupancy, Miami Plaza apartments range from one- to three-bedrooms measuring between 700 and 1,400 square feet in size, with monthly rental rates starting at approximately $1,680 for one-bedroom units; $2,100 for two-bedroom units, and $2,640 for three-bedroom units.
Miami Plaza marks the fourth multifamily development — and sixth tower — that Melo Group has delivered in the Arts & Entertainment District since 2016 and completes the final phase of the firm’s plan to bring more than 2,300 transit-oriented rental units to the growing neighborhood.
The firm’s previously completed developments in the area — all of which are clustered around the Metromover station within a few blocks of each other — include the 497-unit Melody Tower, which delivered in 2016; the two-tower 710-unit Square Station, which delivered in 2018, and most recently, the two-tower 667-unit Art Plaza, which delivered in 2019.
“Art Plaza completes our vision for the transformation of the Arts & Entertainment District — an area of Downtown Miami that has been residentially underserved for years — into a true live-work-play neighborhood,” said Martin Melo, principal of the Melo Group. “Our transit-friendly location, with convenient access to the Metromover, Metrorail and Miami Trolley, gives residents convenient everyday access to public transportation and will hopefully help reduce traffic congestion in Downtown during the workweek.”
Not only has Melo Group activated Downtown’s Arts & Entertainment District with thousands of new residents, the firm is bringing life to the area with a total of more than 45,000 square feet of new retail and restaurant space at the base of their apartment buildings to serve tenant’s everyday needs.
Some of the community’s newest tenants include Bunbury, Bistro Café, Tapout Fitness, My Salon, Spot Barbershop, Shine Nail Salon, New York Roma Pizza and Testa Wines. Melo also is gearing up for the debut of “Art Kitchen” – an indoor/outdoor dining promenade at the base of the firm’s Art Plaza towers that will feature 10 different restaurant concepts with cuisines ranging from Indian, Peruvian, Mexican, Japanese, Italian and more.
“The demand for highly amenitized, well-built attainable rental units within walking distance of our city’s transit systems, prime retail and entertainment venues is strong,” added Carlos Melo, principal of the Melo Group.
Apartments at Miami Plaza feature expansive balconies with bay and city views, floor-to-ceiling sliding doors, energy-efficient tinted glass, European-style kitchen and bathroom cabinetry, granite countertops, double door refrigerators, stainless steel appliances, spacious living and dining rooms, imported ceramic tile and laminated wood flooring, and full-size washer and dryers.
Building amenities include a large 70-foot swimming pool, a fully equipped fitness center, a café social lounge, 24-hour concierge/security, and a multi-level secured garage with valet service.
Miami Plaza’s Downtown Miami location puts residents within blocks of some of South Florida’s top destinations for arts and culture, dining, shopping and entertainment, including the Adrienne Arsht Center for the Performing Arts, the Perez Art Museum Miami (PAMM) and the Frost Museum of Science at Museum Park, Margaret Pace Park, and the AmericanAirlines Arena.
Melo Group’s father-and-sons team — led by Jose Luis Melo and his two sons, Carlos and Martin Melo — has been a driving force behind Miami’s real estate resurgence since 2001, with the firm recognized today as one of the region’s preeminent developers of high-end residential developments in Downtown Miami. Miami Plaza is Melo’s 16th residential building delivered in the Greater Downtown Miami area, bringing the firm’s portfolio to more than 5,000 total condo and rental units completed with another 2,000-plus units in the works.
Melo Group’s next residential project, Downtown 5th, is now under construction at NE First Avenue and Fifth Street in Downtown Miami’s Central Business District. With completion slated for 2021, the luxury apartment complex will include twin 51-story towers with 1,042 rental units and more than 5,000 square feet of ground-floor retail/restaurant space.
To learn more about Miami Plaza, including leasing availability and pricing information, call 305-800-1600 or visit www.miamiplazatower.com.
