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Melo Group is opening its latest high-rise Downtown Miami apartment tower and pushing forward on at least two other area projects. The develoments come at a time the multifamily market may be at an inflection point: The for-rent market is hot but there are signs of strain, and Melo's having to be smart to find a sweet spot. 
Melo just debuted its 497-unit Melody Tower with great success—its pre-leasing efforts leased out almost the entire project. The tower is on 245 NE 14th St in the Arts & Entertainment District, and on the whole offers more affordable rents…
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E-commerce Q&A: From 'Brick-And-Mortar' To 'Click-And-Order'Amazon has been up to big things this week, expanding its private-label products to foods and household perishable goods, along with taking on Seamless and GrubHub in NYC's food delivery space. Bisnow sat down with shop.com VP Eddie Alberty for his take on his competitor's expansion and the ongoing battle between e-commerce and brick-and-mortar. Bisnow: With Amazon putting out these private-label products, what does that mean for competitors like yourself? Eddie Alberty: Well, it's not a surprise by any means, and it's actually something that we've been doing for many years now. We're a firm believer that the private-label products provide a lot more value, in some cases at better prices, or at least competitive pricing. |
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Luxury On The Rocks: Burberry Announces Cost-Cutting Program After Profit Slump
Burberry announced it will cut costs and buy back shares after reporting an 8% plunge in full-year profits.The high-end British retailer says it aims to save at least $144.7M a year by 2019 and will buy back up to $217M…
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US Jobless Claims See Biggest Drop Since February
US jobless claims saw the largest drop since early February last week, falling 16,000 to a seasonally adjusted 278,000, in a sign layoffs are leveling off after hitting a 15-month high. That puts unemployment claims at historically low levels, marking…
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What Goes Best With Your Luxury Condo? Free Private JetsThe Miami market is packed with cash from Latin America, China and Russia—but to draw in more investment from the northern US, Verzasca Group managing director Tim Lobanov is looking to the skies. With private jet subscriptions. "We wanted to diversify, have a larger outreach," Tim tells Bisnow. "Local buyers [from other US states] are more stable buyers, with everything happening with foreign currencies." |
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Want To Host A Bisnow Event At Your Raw Space?
Are you a developer or broker with office space to lease? How about a property manager managing some empty floors? Are you stressing out about having to hold broker parties in your space? Why not become a Bisnow Raw Space…
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