A third tower at the Aria Reserve condo complex, a pair of apartment buildings near Margaret Pace Park, and a Live Local Act project could be the latest projects to rise in Miami.
The city’s Urban Development Review Committee will review the three proposals at its meeting on Wednesday.
Miami-based Melo Group proposes a 50-story, 430-unit condo tower on a 1.4-acre development site at 500 Northeast 24th Street in Miami, according to city records. It would mark the third tower at Melos Aria Reserve condo complex in the Edgewater neighborhood.
Separately, Melo also wants to build the 1,178-unit Biscayne 18 apartment project at 1825 Biscayne Boulevard, also in Miami’s Edgewater. The 1.6-acre development site is near the bayfront Margaret Pace Park.
In the third proposal, Bazbaz Development, which has New York and Miami offices, wants to build a 37-story tower with 364 apartments at 70 Northwest 36 Street. The 0.4-acre site is in the Wynwood Norte neighborhood.
Melo –– a family owned firm founded in 1948 in Argentina and now led by brothers Martin and Carlos Melo –– has made its mark on Miami’s skyline with multiple condo and apartment towers. The Aria Reserve complex already consists of a recently completed 62-story tower and a second 62-story building under construction that have roughly 800 condos, combined.
The proposed third tower would include 62,200 square feet of offices, parking, amenities and ground-floor retail, according to the application. It will offer one-bedroom to three-bedroom condos.
South of there, Melo’s Biscayne 18 would consist of a pair of 46-story towers, each with nearly 600 apartments, the application shows.
Melo made a splash last month, paying more than $200 million for the 2.8-acre site once slated for the One Brickell City Centre office supertall. Swire Properties, which scrapped the office tower due to slow preleasing, sold the property at 700-799 Brickell Avenue in Miami’s Brickell.
Sonny Bazbaz’s eponymously named firm’s Live Local Act application marks the second project in Miami the company wants to develop under the state’s affordable and workforce housing law.
In Wynwood, Bazbaz proposes a 48-story, 544-unit Live Local tower at 2110, 2118 and 2134 North Miami Avenue, as well as 2101, 2129 and 2135 Northwest Miami Court.
The Live Local Act, approved in 2023 and tweaked in the subsequent two years, awards developers with extra height and density, as well as property tax exemptions, as long as they designate 40 percent of their project’s units for households earning no more than 120 percent of the area median income. The apartments have to stay at below-market rents for at least 30 years.
The law has prompted a slew of applications, with many of the projects promising to bring high-rises in traditionally low-rise neighborhoods such as Wynwood. The neighborhood historically has been restricted to maximum heights of 12 stories.
Brooklyn-based LivWrk proposes three 45-story towers with 1,363 units, combined, on the northwest corner of North Miami Avenue and Northwest 24th Street in Wynwood.
Read more
Development
South Florida
Miami board shoots down Oak Row’s and Asi Cymbal’s projects
Melo Group buying entire block in Miami’s Arts & Entertainment District for $105M to build resi towers
Development
South Florida
Melo submits $35M stalking horse bid for 16-acre former trailer park in El Portal
