Under Construction

Meliá Residences Miami

Meliá Residences Miami marks Meliá Hotels & Resorts' return to Miami and its first hotel-branded residential concept in North America, rising at 1120 SW 3rd Avenue on the western edge of Brickell.

Official Website
View on map
TMW IntelligenceVerified Oct 9, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
05.25
Start
~2027
Completion
110
Units
8
Floors
Scroll for details
Details

1120 SW 3rd Avenue, Miami. 8 floors and 110 residences. Broke ground May 2025, targeting 2027. Financed with $30M.

The story so far
Announced 2025 est.
Financing secured 2025$30M construction loan arranged by Concord Summit Capital (per topping-off release).
multifamilybiz.com
Broke ground May 2025Broke ground May 2025 (as Visions at Brickell Station); opening ~2027
floridayimby.com
Sales launched Oct 2025Sales relaunch (~half pre-sold, rebrand + higher commissions) Oct 2025 (TRD/Islander News). Condo-hotel — 'Sales launched' label.
therealdeal.com
Topped out May 21, 2026Topped off May 21, 2026 with a ceremony at 1120 SW 3rd Avenue; structure at full height, work shifting to exterior and interior build-out
floridayimby.com
Expected opening 2027 est.
See the full story with Pro4 more dated, sourced milestones on this project, from announcement to opening.
Start free trial
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW Intelligence

The outlook for Meliá Residences Miami

Timing, similar projects and market pressure, read from every development in our database.

The Miami market 96 · Saturated supplyBrickell 84-project pipeline · 32,637 residences and keys · peak Late ’28 Explore the market →
Projected pricing $•,•••/sfFull projectionProjection →
Pro tools
Compare projectsSide by side with any projectAnalyze the marketSupply, pricing and timing
About the project

Meliá Residences Miami marks Meliá Hotels & Resorts' return to Miami and its first hotel-branded residential concept in North America, rising at 1120 SW 3rd Avenue on the western edge of Brickell. Each residence is conceived as a turnkey home — delivered fully furnished and move-in ready — with rooms designed by Concepto Taller de Arquitectura and residential interiors and amenity spaces by Adriana Hoyos Design Studio, working in a Mediterranean-inspired palette of natural materials and organic textures that nods to the brand's heritage. The amenity program leans into Meliá's global lifestyle platform: wellness and relaxation spaces, Mediterranean-inspired fitness facilities, pools and outdoor terraces, social lounges, coworking areas, and hospitality-driven resident and guest services. Developed by Urban Network Capital Group (UNCG) in partnership with Meliá Hotels & Resorts and Concepto Capital Group, with a $30 million construction loan arranged by Concord Summit Capital.

Developer & design
Developers
Urban Network Capital GroupMelia Hotels ResortsConcepto Capital Group
Design
Concepto Taller De ArquitecturaDTI ArchitectsAdriana Hoyos Design StudioConcepto Taller De Arquitectura
TMW Intelligence
Projected pricing at delivery
Meliá Residences Miami
Miami · Coming Q4 2027 · Mixed-Use
TMW Projection
$1,850 / sq ft at delivery
Projected band $1,600 – $2,100 — modeled from 6 comparable launches nearby.
Sales launchTodayDelivery Q4 2027
Projected median
Confidence band
Today

Comparable set — basis for projection

Comparable launch1.2 mi
$1,850
Comparable launch1.2 mi
$1,850
Comparable launch1.2 mi
$1,850
Confidence: High · 6 comps · projections are modeled estimates, never listings
Projection values are a TMW Pro surface. The model, comps and band unlock instantly.Unlock with Pro
Scenario outlook
Meliá Residences Miami
Miami · Coming Q4 2027 · Mixed-Use
TMW Projection
Projected price / sq ft
$1,850
at delivery, base case
Sell-out timeline
18months
from sales launch to final close
Absorption pace
4.5units / mo
modeled from the comp set

Scenario assumptions

Fed rate pathGradual cuts
Submarket supplyModerate
Luxury demandSteady
Comp appreciation+6% / yr
Scenarios recompute against the submarket comp set · directional, not guaranteed
Scenario values are a TMW Pro surface.Unlock with Pro
Within 2 miles
Waldorf Astoria Residences Miami
1.2 mi · Downtown Miami · Q2 2028
Under Construction
Delano Residences Miami
1.2 mi · Downtown · 2031
Announced
JEM Private Residences
1.5 mi · Miami Worldcenter · Q4 2027
Under Construction
Domus Brickell Center
0.1 mi · West Brickell · Early 2028
Under Construction
Mercedes-Benz Places
0.1 mi · Brickell · 2028
Under Construction
B Residences Miami
0.2 mi · Brickell · 2031
Announced
House of Wellness Brickell
0.2 mi · West Brickell · 2030
Announced
Parkside Residences
0.3 mi · Brickell · Q1 2028
Under Construction
Summit Brickell
0.3 mi · Brickell · 2029
Announced
One Twenty Brickell Residences
0.3 mi · Brickell · 2028
Under Construction
View all Miami projects
Common questions

Frequently asked

Where is Meliá Residences Miami located?

Meliá Residences Miami is located in Miami.

When will Meliá Residences Miami be completed?

Meliá Residences Miami is under construction, with completion expected in 2027 (a TMW estimate).

Who is developing Meliá Residences Miami?

Urban Network Capital Group & More is the developer behind Meliá Residences Miami.

Who designed Meliá Residences Miami?

Meliá Residences Miami was designed by Concepto Taller De Arquitectura, DTI Architects, with interiors by Adriana Hoyos Design Studio, Concepto Taller De Arquitectura.

How big is Meliá Residences Miami?

Meliá Residences Miami rises 8 stories with 110 residences.