Argentinian Family Nabs Development Site Neighboring Genting’s Massive Casino Project
by Sep Niakan | May 15, 2013
Right across the street from the Genting Group’s 30 acre casino project, Argentinian real estate investors, the Melo family, have bought a $9.5 million lot for the purpose of constructing a hotel and residential building. The purchase shouldn’t come as a surprise to industry watchers as the Melo Group has been snapping up land all over Miami. Just last year, the Melo family added about 800 condo units to the downtown Miami inventory over five projects. The family also dished out $4.5 million to swipe nearly 1.5 acres of riverfront property in Miami to accommodate 184 residential units.
The most recent acquisition is a 43,312 square foot plot on the corner of NE Second Avenue and 14th Street, in the Omni neighborhood. The real estate broker involved in the sale also revealed that the Melo family bought the land below market value in a high density area where hotels are doing particularly well. The combination project is adjacent to the Resorts World Miami on land only recently owned by the Greater Miami Opera which sold the property to the Melo Group.
by Sep Niakan | January 12, 2017
According to thenextmiami, a petition involving a 15 by 75 feet alley has sparked speculations that a brand new hotel could be coming to Edgewater. Why? Simply because this alley comes attached to a 7,875 sq. ft. plot located at 348 Northeast 20...
by Sep Niakan | January 09, 2017
Ever tried driving from Brickell to Downtown Miami for lunch? Most Miamians dread the thought of catching the dreaded drawbridge, which opens every hour or half-hour during non-curfew hours to allow river traffic to pass under. So what’s...
by Sep Niakan | January 08, 2017
Last year’s headlines weren’t too kind to Miami with hurricanes, Zika warnings and falling sales painting a dark picture. However, with the elections finally done with, there are plenty of reasons to be optimistic about 2017: 1. ...
by Sep Niakan | December 28, 2016
We all know Wynwood as the friendly, hipster neighborhood splashed with the best street art in the world. It’s where we all go for our art fix, browse far-out finds and linger around for a couple of craft beers. But, how about shopping,...