Miami Condo Market and Lifestyle Updates
Melo Group Finishes Bay House Condo in 18 Months, Condos Selling Out Fast

Melo Group Finishes Bay House Condo in 18 Months, Condos Selling Out Fast

by Sep Niakan | June 29, 2015

The 38-story Bay House condo project in Edgewater has finished and will be closing on units soon.

Developers have been succesful in selling about 30% of of its units in the past few weeks alone. Currently, they boast about 99% of the units sold, with only two $2 million penthouses remaining. Bay House is located at 600 Northeast 27th Street.

Melo Group is developing the project, and they have been successful in completing construction in a mere 18 months. Construction began in December 2013, and it is ending June 2015. Cervera Real Estate is the exclusive broker on the project.

Units range from about 1,600 square-feet to over 1,700 square-feet, and the penthouses are about 2,800 square-feet to over 3,500 square-feet.

Melo has moved onto a different project, the ritzy 647-unit Aria On The Bay, which began construction a short time ago.

In addition, they have a 497-unit rental project called Melody under construction nearby.

Melo is responsible for the creation of 14 projects in the Miami area, including five in the most recent development boom.

 

Source: thenextmiami.com

Photo credit: Bay House - thenextmiami.com

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