Melo Group has topped off a multifamily development under construction in Miami's Central Business District. Called Downtown 5th, the complex is the largest apartment project ever built in the CBD, Melo Group says. 

Construction crews have officially topped off the project's 52-story East Tower, with top-off of the 52-story West Tower expected to follow later this month. It took just 37 weeks from Downtown 5th's foundation pour in February to complete vertical construction of the first tower – a pace averaging about one floor every three days. The twin tower development, located at 55 NE 5th St., will comprise 1,042 rental apartments and approximately 12,500 square feet of ground floor retail. Construction is expected to be completed in Summer 2021.

 "We're bullish on the long-term future of Downtown Miami. Despite a global pandemic, we never stopped building for locals who want to live and work in the urban core," Carlos Melo, principal of the Melo Group, says in prepared remarks. He adds that demand is strong for attainably-priced apartments in a convenient, walkable location with access to public transit and nearby amenities.