Melo Group says it has topped-off construction at Square Station, a new multifamily rental complex underway in Downtown Miami’s Arts & Entertainment District. The transit-oriented development will include twin 34-story towers with 710 market-rate rental apartments and 15,000 sq. ft. of commercial space for ground floor retail and restaurant tenants.
Square Station marks the first phase of Melo Group’s larger three-phase multifamily development plan to boost transit-oriented residential options for locals in the Arts & Entertainment District area in Downtown Miami. Construction of the project is slated for completion in the first quarter of 2018.
The developer says it recently received approval to move forward with the next two phases of the initiative.
Art Plaza, also known as phase two, will consist of a pair of 36-story towers located next door to Square Station at 58 NE 14th St. housing a total of 667 residential units and about 15,000 sq. ft. of retail/commercial space. Miami Plaza, the third and final phase slated to rise at 1502 NE Miami Place, is designed as a 36-story tower with 437 apartments and about 7,000 sq. ft. of retail/commercial space.
All told, Melo Group says it plans to deliver another 2,000 residential units to the Greater Downtown Miami area over the next few years.