Aria Reserve Skyclub: The Final Phase of Melo's Edgewater Plan

The last phase of Melo Group's Aria Reserve in Edgewater is a single mixed-use tower, Aria Reserve Skyclub, planned at 500 NE 24th Street. It would rise 49 stories with about 430 condominiums, roughly 77,000 square feet of offices and 6,924 square feet of shops at street level. Plans went to the City of Miami's Urban Development Review Board in June 2025. As of October 13, 2026, no approval, permit or groundbreaking had been reported, and Florida YIMBY described it in April as still in early planning.

One tower, not several

Earlier coverage of this phase spoke of "office and residential towers". The filings describe one building that combines both. According to Floridian Development, the plan:

• sits on a 1.35-acre lot, the last parcel in the Aria Reserve footprint;
• grew its office space to about 77,000 square feet, from 62,165 in earlier records;
• provides 520 parking spaces where the city code would require 775;
• is designed by Arquitectonica, like the two towers next door.

The towers already standing

Skyclub would join the twin 62-story Aria Reserve towers on the bay. The South Tower is complete, and the North Tower, with about 399 residences, was nearly finished in April 2026 with delivery targeted for the second quarter of the year. Melo Group builds with its own construction arm.

That gives buyers something rare for a proposed tower: real resale data from the same developer on the same block. At Aria Reserve, 37 condos sold through the MLS in the 12 months to October 13, 2026, at a median of $997 per square foot. The 43 units for sale ask a median of $1,246 per square foot, about 25 percent above what recent sales closed at, a gap that partly reflects which units are on the market. The county record shows 61 sales in the same window, 47 recorded mortgages, and a third of purchases financed by banks, with down payments as low as 10 percent.

What it means for Edgewater buyers

More supply on a crowded block. Edgewater had 531 condos for sale and 490 sales over the past year, about 13 months of supply. Our Market Index reads 35, a buyer's market lean. Another 430 units would land a few blocks from Elysee, Paramount Bay and New Wave, and compete with Aria Reserve's own resales.

A developer with a record. Melo Group scores 70 (A minus) on our Developer Score across six delivered buildings, second of the 27 brands we publish.

Offices change the street. Some 77,000 square feet of offices would bring weekday workers to a mostly residential part of Edgewater, along with more traffic for the retail space below.

It is a plan, not a product. Until the review board approves the design and permits are issued, unit counts, office space and parking can still change.