Melo Group has finished construction of its 38-story Bay House condo tower in Miami’s Edgewater neighborhood, reports South Florida Business Journal.
The Miami-based developer, which is owned by the Melo family from Argentina, said the 165-unit Bay House is 99 percent sold and only two penthouse units – starting at $2 million – remain. The regular units range from 1,581 to 1,720 square feet and the penthouses are 2,766 to 3,512 square feet.
“Bay House introduces a new standard of luxury living to East Edgewater as the area transforms into a thriving residential neighborhood,” Melo Group principal Carlos Melo said in a news release. “Melo Group has been developing in the area for the last 14 years and we are now looking forward to the success of our next project, Aria on the Bay, a 53-story luxury tower right down the street in downtown’s Arts & Entertainment district.”
Melo Group has completed 14 projects in Miami, including five in the most recent development cycle.