Posted Dec 20, 2023, 7:30 PM
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Registered User
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Join Date: Nov 2020
Location: Florida
Posts: 1,247
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Melo Buys More Density For Omni Project Where It Can Now Build 2,471 Units
https://www.thenextmiami.com/melo-bu...ld-2471-units/
Quote:
Melo Group has acquired additional density rights for its property at 1700 Biscayne. Records show that Melo is now permitted to build 2,471 residential units on the property after it closed the transaction. The transaction was first reported by Traded. The developer was previously permitted to build 1,518 units. Records show it acquired rights for 955 additional units from an affiliate of Stiles, the owner of the Publix property across the street at 1776 Biscayne. The transaction also included a transfer of 400,000 square feet of FLR and 730,000 square feet of bonus FLR from the Publix property to the Melo property.
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