Melo Group Breaks Ground on Bay House Condominium in Miami's Burgeoning East Edgewater Neighborhood
Construction of the 38-story luxury tower begins as developers celebrate the project's sales success with over $1 million in commission checks awarded to brokers.
- Miami, FL (1888PressRelease) December 18, 2013 - Development in Miami's growing urban residential neighborhood of East Edgewater continues to progress with the groundbreaking of Bay House, the area's newest luxury condominium. Under development by the Melo Group, one of South Florida's most experienced and well-capitalized residential development firms, the 38-story waterfront tower will be located at 600 NE 27th Avenue and feature unobstructed views of Biscayne Bay. The groundbreaking brings the tower an important step closer to its scheduled completion in first quarter of 2015.
To celebrate the sales success of Bay House thus far, the Melo Group recently awarded over $1 million in commission checks to participating brokers throughout South Florida - with units sold to buyers hailing from Venezuela, Argentina, Brazil, Mexico, Europe and beyond.
"Bay House will introduce a new standard of luxury living to East Edgewater that will be an important part of the area's transformation into a thriving neighborhood," said Carlos Melo, a principal of Melo Group. "We have been developing in the area for the last 10 years and now look forward to the successful completion of Bay House with the highest-quality in materials, design, and amenities."
Bay House is located in the heart Miami's East Edgewater neighborhood, which stretches along Biscayne Bay east of Biscayne Boulevard between 17th and 37th streets, just north of the Central Business District and directly west of Miami Beach. The fast-growing residential district offers direct access to Miami's major arts and entertainment venues, public transit connections, and Miami International Airport. The adjacent Midtown, Wynwood and Design District neighborhoods are among the City's top destinations for shopping, dining and culture.
"Buyers, both here and abroad, are recognizing the value of owning a residence in a neighborhood that is centrally-located and surrounded by some of Miami's highest-end restaurants and shopping," said Alicia Cervera Lamadrid, managing partner of Cervera Realty, the exclusive sales partner for Bay House. "Bay House's ideal location in East Edgewater coupled with beautiful bay views set the development apart in this competitive market-and will continue to drive our sales activity."
Bay House's 165 luxury residences will feature oversized balconies with panoramic views of Biscayne Bay, expansive floor plans, and a 20,000-square-foot resort and pool deck. The tower will include private and semi-private elevators, premium amenities, and high-end appliances and finishes. The boutique-style building's unit mix includes two- and three-bedroom condos, with prices ranging from the $500,000's to more than $2 million for exclusive penthouses - at an average price of $395 per square foot.
For more information about Bay House, including preconstruction sales opportunities, please contact Cervera Real Estate at (305) 573-0666 or visit the Bay House Sales Center at 250 NE 25 Street, Suite 101. Learn more at www.bayhousemiami.com.
About Bay House
Bay House is a 38-story, 165-unit waterfront luxury condominium being developed by the Melo Group in the heart of Miami's thriving East Edgewater neighborhood at 600 NE 27th Avenue. Scheduled for completion in early 2015, Bay House will feature premium amenities and finishes, a central location just blocks from the city's arts & entertainment district, as well as panoramic, unobstructed views of Biscayne Bay and the Miami Beach skyline. Learn more at www.bayhousemiami.com.
About the Melo Group
Founded in Argentina in 1948, the Melo Group is a family-owned and operated real estate development firm based in Miami, Florida specializing in the construction and delivery of high-quality residential buildings. With more than 1,500 units developed throughout Miami in the city's thriving Edgewater and Downtown neighborhoods and more than 5,000 units developed across the Americas, the firm's father-and-sons team - spearheaded by father Jose Luis Melo and sons Carlos and Martin Melo - have more than 50 years of real estate expertise. Past projects include 22 Skyview, 23 Biscayne Bay, 1800 Biscayne Plaza, and 25 Biscayne Park.
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