Melo Group completes second new Edgewater condo tower this cycle

Posted on 27 May 2015 in Miami What's New | 0 comments

Bayhouse1-1A second new condo tower has been completed in the Edgewater neighborhood of Greater Downtown Miami by the same developer that started this current South Florida preconstruction boom in April 2011.

The Melo Group — which constructed the 23 Biscayne Bay condo tower with 18 floors and 96 units in 2012 — has issued a press release through its marketing firm announcing the completion of its newest project — the 165-unit Bay House — on a site in the 600 block of Northeast 27 Street just east of Biscayne Boulevard.

The 38-story tower has received its temporary certificate of occupancy and is quickly moving forward with unit closings — more than 30 percent of the building’s units have already closed over the last couple weeks,” according to an emailed statement to The Real Deal from spokeswoman Allie Schwartz Grant.

To date, none of the deeds for the reported transactions are available for online review with the Miami-Dade Clerk of the Court. As a result, transaction price information is not available at the time of the writing of this column.

Additionally, no condo units in the Bay House project are currently on the resale market as of May 26, according to the Southeast Florida MLXchange.

What is known about the Bay House condo tower’s pricing is that the project is “comprised entirely” of three-bedroom units that range in size from “about” 1,581 square feet to 1,720 square feet. Penthouse prices “range” from $2 million per unit “and up,” according to the statement.

Lineaire Designs have been selected by the developer to serve as the preferred Interior Design / Custom Construction firm for the building. For more information click here.

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