Aria Reserve North Tower: Delivery Still Pending in Edgewater

Aria Reserve's North Tower, Melo Group's 62-story, 399-unit condo tower at 725 NE 24th Street in Edgewater, was reported nearly complete in April 2026 with delivery expected in the second quarter of 2026. As of early October 2026, Miami-Dade deed records show no wave of developer closings for it yet, so buyers should treat the delivery date as still pending.

Where the North Tower stands

Florida YIMBY reported in April 2026 that most of the exterior cladding was in place and that Melo Group, the developer and general contractor, expected to deliver in the second quarter of the year. The tower has 399 condominiums on 62 floors, with penthouse levels at the top.

A delivery shows up in public records as a burst of first sales from the developer to buyers. That is exactly what happened when the South Tower at 700 NE 24th Street was delivered: Own.Miami's deed data records 149 developer sales in July 2025 and 162 in August 2025. Through October 9, 2026, there has been no comparable burst, with only single-digit developer sales in any month since October 2025. Until those closings start, North Tower buyers have not taken title to their units.

How the delivered South Tower is trading

The finished half of the project gives North Tower buyers a preview of the resale market they will close into. From Own.Miami's data for Aria Reserve, as of October 13, 2026:

• 345 developer first sales have been recorded since July 2025.
• In the 12 months to September 2026, 59 sales were recorded on deeds at a median of $1,720,000.
• The Edgewater market report counts 35 MLS sales at Aria Reserve in the last 12 months at a median of $997 per square foot, the second most active building in the neighborhood.
• 55 units are listed for resale, asking a median of $1,250 per square foot, well above recent closings.
• Lenders are active: Own.Miami's Financeability Index rates the building 72 out of 100 ("good"), with 33 regulated-lender loans in the last 12 months and down payments as low as 10%.

Edgewater supply is high

The North Tower's 399 units arrive in a market that already favors buyers. Own.Miami's Edgewater market report counts 531 condos for sale against 467 closings in the last 12 months, about 13.6 months of supply, with a median sale of $604 per square foot. Own.Miami treats more than nine months of supply as a buyer's market. Owners who plan to resell or rent soon after closing will be competing with their own neighbors in two towers.

A third phase is planned

In June 2025 Melo Group took plans for a third building, Aria Reserve Skyclub at 500 NE 24th Street, to the city's Urban Development Review Board. Florida YIMBY and The Real Deal described it as a tower of about 430 condos, roughly 50 stories, with about 77,000 square feet of office space and ground-floor retail. No groundbreaking had been announced as of October 2026.