Meliá Residences Miami Condo-Hotel Tops Off in Brickell

Meliá Residences Miami, a condo-hotel of about 110 units on SW 3rd Avenue in Brickell, topped off on May 21, 2026, and is scheduled for delivery in 2027, according to Florida YIMBY and Condo Black Book. It is Meliá Hotels & Resorts' first hotel-branded residential project in North America, developed by Urban Network Capital Group with Concepto Capital Group.

What was built, and under which name

The project began as Visions at Brickell Station, a condo-hotel that Urban Network Capital Group financed in 2025 with a $30 million construction loan arranged by Concord Summit Capital, as Florida YIMBY and Commercial Observer reported. It was later rebranded with Meliá.

The units are small, fully furnished studios and one-bedrooms. Adriana Hoyos Design Studio designed the residences and amenity spaces, and Concepto Taller de Arquitectura the residential rooms; planned amenities include pools, a fitness area, outdoor terraces, coworking space and lounges. Sources give slightly different counts (110 or 111 units) and addresses (1120 or 1136 SW 3rd Avenue), so confirm both in the condominium documents.

Why a condo-hotel is a different purchase

At Meliá, owners can rent their units to short-term guests through the hotel's managed program or on their own, and Condo Black Book reports that personal use is capped at 30 days a year. That rental flexibility is the reason to buy one. The financing is the trade-off. Fannie Mae's Selling Guide lists projects managed and operated as a hotel, and projects tied to rental-pooling agreements, as ineligible. A buyer may therefore need a non-conforming loan or cash. Read the rental program agreement and check lender options before signing.

How the asking prices compare with Brickell resales

Units at the building already appear for sale. In Own.Miami's data, 4 Meliá units are listed at a median asking price of $681,500, or $1,258 per square foot.

Existing small units in Brickell trade far lower. Over the last 12 months, as of October 13, 2026:

• 19 studios closed at a median $345,000 ($687 per square foot).
• 275 one-bedrooms closed at a median $445,000 ($576 per square foot).
• Across all of Brickell, 1,133 condos are for sale against 747 closings, about 18.2 months of supply, and the median closing price per square foot fell 3.4% from the year before, to $608. Our Buyer/Seller Market Index reads 22 of 100, a buyer's market.

A new, furnished, hotel-run studio can justify a premium if the rental program performs. Buyers should judge it on projected net rental income, not on the resale numbers of standard condos nearby.