Melo Group has purchased a 24,187 square foot lot located at 34 Southwest First Street in Downtown Miami for $13 million, according to the Real Deal.
The site is zoned for an 80 story building.
In July 2017, the FedEx building across the street sold for $37.25 million.
Melo Group recently completed another Downtown Miami assemblage for two rental towers called Downtown 5th and is currently building the under construction rental tower Art Plaza in the Arts & Entertainment District.