Melo Group has added to a their Downtown Miami assemblage with a $10.75 million purchase of property at 500 NE 1st Avenue, according to The Real Deal. 

A year ago, Melo Group purchased a 45,433 square foot lot next to the Christ Fellowship Baptist Church for $10 million, which brings its total purchase to $23 million. 

Melo Group is planning on building Downtown 5th, which will be two luxury apartment towers at approximately 50 stories. 

Next to Downtown 5th will be Okan Tower, which will be a the 890 foot tower with 389 condo-hotel units and will break ground by the end of 2018.