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After One Edgewater Stall, Bay House Sells Out

MIAMI—Melo Group is succeeding even where other developers are slipping. Find out what's drove this condo to a 99% sell out at completion.

By Jennifer LeClaire | Updated on May 27, 2015

MIAMI—Bay House, a 165-unit luxury condo in Greater Downtown Miami’s booming East Edgewater district, is moving forward with unit closings. The news comes two months after Ion at Edgewater crapped plans to build a 36-story tower in the same neighborhood.

Melo Group’s 38-story tower is one of the first newly-constructed condominiums to deliver in East Edgewater area, which is one of the fastest-growing neighborhoods in Miami. Over a dozen new residential projects are currently in development at a time when Downtown Miami is reporting a healthy condo correction that is likely to see more projects stall.

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