Miami Condo Market and Lifestyle Updates
Melo starts construction on Bay House condo

Melo starts construction on Bay House condo

by Sep Niakan | December 13, 2013

Bay House rendering and Melo Group principals

 

The Melo Group has started construction on the luxury Bay House condo tower in Miami’s Edgewater neighborhood, The Real Deal has learned.

Melo hosted a groundbreaking ceremony at the 600 Northeast 27th Avenue project site. The family-run development firm has already presold 107 of Bay House’s 167 units, according to the company. Melo hopes to complete the 38-story tower during the first quarter of 2015.

“Bay House will introduce a new standard of luxury living to East Edgewater that will be an important part of the area’s transformation into a thriving neighborhood,” Melo principal Carlos Melo said in a written statement. “We have been developing in the area for the last 10 years and now look forward to the successful completion of Bay House.”

During Thursday’s ceremony, Melo executives awarded more than $1 million in commission checks to brokers who arranged Bay House presales. Many of the early buyers are from South America, Mexico and Europe.

“Buyers, both here and abroad, are recognizing the value of owning a residence in a neighborhood that is centrally located and surrounded by some of Miami’s highest-end restaurants and shopping,” Cervera Realty managing partner Alicia Cervera said in a written statement. Her company is the exclusive sales partner for Bay House.

Bay House was one of five Edgewater developments showcased in a beaming light display that was installed during Art Basel week.

 

Source: therealdeal.com

Recent posts

Lifestyle

10 December Holiday Events You Won’t Want to Miss

by Sep Niakan | December 06, 2016

It’s my favorite time of year to be in Miami! The weather has cooled off a bit. The city’s abuzz with people from every corner of the world (thanks to Art Basel). The holiday spirit is gradually taking over, and there’s a bunch of...

Lifestyle

Car-free in Miami: How to Give Up Your Car for Lyft and Uber . . . and Love it.

by Sep Niakan | November 29, 2016

This is a story of how one Miami condo dweller (that's me, Sep Niakan) gave up his car at the end of his lease and gained freedom (and $$) in its place. If you have been thinking of getting rid of your car or know someone who is, read...

Real Estate News

How Miami Condo Sales Will Benefit from New FHA Lending Rules

by Sep Niakan | November 24, 2016

Lending, specifically FHA lending, is inching forward in favor of Miami Condos. Before President Trump pulls out any game-changers, I thought it would be the right time to reflect on a Bill passed into law by President Obama this August. The...

Real Estate News

Reflecting on BrickellHouse Robotic Parking Garage Failure

by Sep Niakan | November 22, 2016

It’s been almost a year since BrickellHouse’s robotic parking garage blunder, and I’ve been thinking about what this means for the automated parking business in Miami condos. In brief, Boomerang Systems (the robotic garage...