Melo Group has purchased a 45,433 square foot lot located at 501 North Miami Avenue for $10 million, according to The Real Deal.
The lot was sold by the First Baptist Church and as part of the deal, Melo Group must build a 300 space parking garage for the Christ Fellowship Baptist Church.
Zoning allows for an 80 story building to 1,131 feet with up to 1,043 residential units.
The Northern 35,992 square foot part of the lot was sold for $18.1 million in March to Okan Group with plans to build a mixed use building.