An Argentine family-run real estate development firm has big plans for the downtown Miami Central Business district.
Led by Jose Luis Ferreira de Melo and his sons Carlos and Martin, the president and two principals of the Melo Group have set their sights on constructing nearly 2,500 additional apartments in high-rise buildings on acquired land in the Central Business District.
The brothers said the takeaway is that for these projects to provide a return on their investment, a new culture will have to take over the Central Business District. That starts with thousands of white-collar workers returning to downtown Miami to work where they live.
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