Development in Miamiâ€™s growing urban residential neighborhood of East Edgewater continues to progress with the groundbreaking ofÂ Bay House, the areaâ€™s newest luxury condominium. Under development by the Melo Group, one of South Floridaâ€™s most experienced and well-capitalized residential development firms, the 38-story waterfront tower will be located at 600 NE 27thÂ 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 â€“ with units sold to buyers hailing from Venezuela, Argentina, Brazil, Mexico, Europe and beyond.
â€œBay House will introduce a new standard of luxury living to East Edgewater that will be an important part of the areaâ€™s transformation into a thriving neighborhood,â€ said Carlos Melo, a principal of Melo Group. â€œWe 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.â€
Bay House is located in the heart Miamiâ€™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 Miamiâ€™s major arts and entertainment venues, public transit connections, and Miami International Airport. The adjacent Midtown, Wynwood and Design District neighborhoods are among the Cityâ€™s top destinations for shopping, dining and culture.
â€œBuyers, both here and abroad, are recognizing the value of owning a residence in a neighborhood that is centrally-located and surrounded by some of Miamiâ€™s highest-end restaurants and shopping,â€ said Alicia Cervera Lamadrid, managing partner of Cervera Realty, the exclusive sales partner for Bay House. â€œBay Houseâ€™s ideal location in East Edgewater coupled with beautiful bay views set the development apart in this competitive marketâ€”and will continue to drive our sales activity.â€
Bay Houseâ€™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 buildingâ€™s unit mix includes two- and three-bedroom condos, with prices ranging from the $500,000â€™s to more than $2 million for exclusive penthouses â€“ at an average price of $395 per square foot.
For more information about Bay House, including pre-construction sales opportunities, please contact Cervera Real Estate at 305-573-0666.
Pictures by: Marisa Matluck