VIDEO: Aria on the Bay tower goes vertical
53-story tower is slated for completion in 2017
December 14, 2015 05:15PM
Vertical construction is underway at Aria on the Bay in Miami’s Edgewater neighborhood.
About 800 trucks completed a concrete foundation pour of more than 8,000 cubic yards of cement at the site of the 53-story tower, at 1170 North Bayshore Drive, in November. Now, construction crews have started building up, according to a press release.
Buyers at the 648-unit tower are primarily from South America – including Venezuela, Brazil and Argentina – and from the United States, a spokesperson told The Real Deal in October. The project is more than 50 percent under contract.
The 53-story tower, at 1770 North Bayshore Drive in Miami’s Edgewater neighborhood, being developed by the Melo Group, is slated for completion in late 2017. Prices range from $400,000 to more than $12 million.
In August, Melo Group closed on $95 million in construction financing for Aria on the Bay.
Cervera Real Estate is the project’s exclusive sales and marketing brokerage. Amenities will include a 14th floor amenity deck, four swimming pools, fire pits, outdoor summer kitchens, a spa, gym, yoga studio and theater, according to the press release. It will also feature 20,000 square feet of commercial space on the ground and lower floors. Arquitectonica is the project architect. – Katherine Kallergis
Source: The Real Deal