Downtown 5th, a multifamily development in downtown Miami’s central business district, is one step closer to competition. Construction crews have topped off the project’s 52-story East Tower. The West Tower is expected to be completed later this month.
It took 37 weeks from Downtown 5th’s foundation pour in February to complete vertical construction of the first tower. The twin tower development comprises 1042 rental apartments and approximately 1161 m2 (12,500 sf) of ground floor retail. Construction is expected to be completed in summer 2021.
“We are 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,” said developer Carlos Melo, principal of Melo Group. “Our strategy has always been to build for what the market demands, and we are seeing a continued need from the community for good quality, attainably priced apartments in a convenient, walkable location with access to public transit and nearby amenities.”
Units will feature expansive balconies with bay and city views, floor-to-ceiling sliding doors, energy-efficient tinted glass, European-style kitchen and bathroom cabinetry, granite countertops, double door refrigerators, stainless steel appliances, spacious living and dining rooms, ceramic tile and laminated wood flooring, and full-size washer and dryers. Building amenities will include three swimming pools, a state-of-the-art fitness center, social room, game room, and café.