Aria on The Bay, one of the most highly anticipated new residential condo towers in Edgewater has topped off construction at 53 stories. The Melo Group has reported the 648 unit building over 80% sold which was designed by Arquitectonica. Aria on the Bay is expected to be completed in Q1 of 2018. The Melo Group has also lowered deposit requirements from 50% to 35% to help close out remaining inventory.
“Since we’ve already closed and covered our loan and construction is moving quickly, we’re able to relax our deposit requirements. We’ve sold 80 percent of our units to buyers from over 42 countries across the globe. Lowering deposit requirements is an incentive to attract more local and domestic buyers and sell out our remaining units in advance of the building’s delivery early next year,” said Carlos Melo, principal of the Melo Group.
Units at Aria on the Bay range from 1 to 4 bedrooms and $400K to $6 million and sold around $550 per square foot. Residences feature floor-to-ceiling glass, expansive wrap-around terraces, private elevator access, open-plan living areas, designer finishes and fixtures, European-style kitchens, and modern custom-designed cabinetry. Amenities include a 14th floor resort amenity deck with 2 sunrise/sunset swimming pools, a jacuzzi, custom-seated fire pits, barbecue grills and outdoor summer kitchens, a private spa with massage treatment facilities, a state-of-the-art fitness center, yoga studio, entertainment lounge, and a screening room. Check-out our October 2016 Construction Update here.