Melo Group Purchases Downtown Miami Lot For $13M

34 Southwest First Street

34 Southwest First Street

Melo Group has purchased a 24,187 square foot lot located at 34 Southwest First Street in Downtown Miami for $13 million, according to the Real Deal.

The site is zoned for an 80 story building.

In July 2017, the FedEx building across the street sold for $37.25 million.

Melo Group recently completed another Downtown Miami assemblage for two rental towers called Downtown 5th and is currently building the under construction rental tower Art Plaza in the Arts & Entertainment District.