A real estate explosion in Edgewater, Miami’s next trendy district

Driving the streets of Edgewater recently, Martin Melo eased the accelerator of his Porsche Panamera to point out large swaths of land his family-run firm has cobbled together for high-rise development in one of Miami’s most rapidly emerging neighborhoods. “This four-block area is ours,” said his brother Carlos, whose Melo Group has seven condominium and …