If you have been looking for a downtown rental near Flagler Street, you’ll be happy to hear that in about 18 months, you’ll have many more options. According to the Miami Herald, The Melo Group has launched construction on two of three towers. One of the towers will consist of 57 stories of 560 rental units. In addition, it will have eight retail and restaurant spaces on the ground floor. It will be completed in late 2022. Units will range from one to three bedrooms. This one will be located at 22 SW 1st street.
Another option will be located at 55 NE 5th St. The project is set to open in June. It will consist of 1042 apartments ranging from $1400/mo to $3200/mo. For this one, pre-leasing activity has come from both locals and newcomers from California, New York, etc.
The goal of these developments is to bring new life into the neighborhood while creating a vibrant residential community. Besides these rental opportunities, downtown will be home to other amazing projects. Some include Aston Martin Residences, Paramount Tower, Natiivo Miami, E11EVEN Hotel and Residences, and more.
Read more: https://apple.news/AmsxjdLQHRxyaVlyNfqm0RA
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