MIAMI—Aria on the Bay, a 648-unit luxury condominium Melo Group is developing in Downtown Miami, has converted over half of unit sales to contract. The 53-story tower is rising at 1770 North Bayshore Drive along Miami's Biscayne Bay.

Aria on the Bay offers one- to four-bedroom condos and three-story upper penthouses. Prices start at $400,000 and run to over $12 million. The project is expected to hit the market in late 2017.

“We're seeing continued interest from buyers around the world who are attracted to Aria's urban setting at the center of some of Miami's top destinations for arts and culture, entertainment, dining and shopping—with places like Brickell, the Design District, Midtown, Wynwood, Museum Park and Miami Beach all just a few minutes away,” says Alicia Cervera Lamadrid, managing partner of Cervera Real Estate, the project's exclusive sales and marketing brokerage.