Meli 26 Navigli Martesana Milan Off-Plan Class A4 2028
22 Class A4 apartments at Meli 26 along Milan Naviglio Martesana by Okam Italy and Studio Asti. 2,700 sqm off-plan, Q1 2028 handover. Pricing on request.
By Italian Estate Editorial · Updated June 15, 2026 · 10 min read
Quick Answer: Meli 26 Living by the Martesana delivers 22 Class A4 off-plan homes across 2,700 sqm on Milan’s Naviglio Martesana corridor. Okam Italy and Studio Asti target Q1 2028 handover after a Q2 2026 construction start, with conciergerie, fitness, and co-working amenities. Pricing is on request. The site sits in the same regeneration band as Prandina 34, appealing to foreign buyers seeking Navigli lifestyle with milestone payment structures.
Project Overview
Off-plan and regeneration stock trades delivery risk for 10-20% discounts versus completed comparables but demands bank escrow verification, permesso di costruire review, and penalty clauses on developer delay. Resale before snagging completion often discounts 8-12% — stress-test exit liquidity if hold period may not exceed construction timeline plus 24 months.
| Detail | Information |
|---|---|
| Project Name | Meli 26, Living by the Martesana |
| Developer | Okam Italy |
| Design | Studio Asti (Arch. Paolo Asti) |
| Location | Naviglio Martesana, Milan |
| Property Type | Residential apartments and villa units |
| Total Units | 22 units |
| Gross Floor Area | 2,700 sqm |
| Energy Rating | Class A4 (target) |
| Construction Start | Q2 2026 |
| Completion | Q1 2028 |
| Status | Off-plan, pre-sales |
| Pricing | On request |
| Source | okamitaly.it |
About Okam Italy and Studio Asti
Okam Italy entered the Milan market in 2025 as the Italian arm of Okam Group, a Polish developer with two decades of European residential delivery. The group targets underutilised urban sites along canals and former industrial corridors where Milan still has room for Class A infill.
Meli 26 continues Okam’s Navigli Martesana cluster alongside Prandina 34 and Maciachini Urban Retreat. Foreign buyers benefit from English-language sales materials, remote milestone inspections, and introductions to bilingual notaries familiar with off-plan escrow structures.
Studio Asti, led by architect Paolo Asti, shapes the architectural language: soft forms, generous glazing, terraces oriented to landscaped courtyards, and material palettes that reference Milan’s industrial brick heritage without pastiche. Class A4 targets exceed standard Class A requirements on primary energy demand, which matters for long-term operating costs and tenant appeal in 2028.
Naviglio Martesana Location
Meli 26 sits along the Naviglio Martesana, the canal stretching east from Milan toward Gorgonzola. The corridor is quieter than Darsena nightlife but increasingly connected through cycling paths, bus upgrades, and Loreto metro access referenced in Okam’s site materials.
Connectivity snapshot
| Destination | Typical access | Relevance for tenants |
|---|---|---|
| Loreto / Buenos Aires | Public transport | Corporate and student demand |
| San Raffaele Turro Hospital | Short drive | Healthcare workers |
| NAMA Martesana amphitheatre | Walkable | Culture and events |
| Milan city centre (Duomo) | Metro + bus 25-35 min | Commuter pool |
| Malpensa Airport | 45-55 min drive | International owners |
Buyers comparing Meli with northwest schemes such as Inspire UpTown Milan trade Cascina Merlata greenfield growth for established canal-adjacent character. Navigli Martesana appeals to tenants who want Milan identity without full Darsena premiums.
Specifications and Amenities
Walkable schools, hospitals, universities, and retail clusters anchor long-term tenant demand while tourism amenities drive seasonal STR spikes with sharper void risk. Condominium spese for doorman, lift, and central heating materially affect net yield on northern Italy stock marketed with optimistic gross yield headlines.
Meli 26 packages contemporary urban living with shared services uncommon in legacy Navigli stock:
- Class A4 envelopes with heat pumps and high-performance glazing
- Two-, three-, and four-bedroom typologies plus villa-style units at the top of the range
- Private terraces opening to landscaped courtyards and canal views where orientation allows
- Conciergerie and locker rooms for daily logistics
- Fitness area and co-working space supporting hybrid work tenants
- Bike deposit aligned with Milan cycling culture and Martesana path usage
Finish tiers typically follow Okam’s two-package approach: investor-grade durability versus owner-occupier premium lines. Request net areas and cadastral projections before modeling IMU and rental income.
Market Position and Pricing Context
List pricing remains on request while the sales office finalizes unit mix. Benchmark against Navigli Martesana new build rather than trophy Darsena canal frontage.
| Segment | Indicative €/sqm | Notes |
|---|---|---|
| Navigli Martesana new build | €5,200-6,800 | Meli benchmark zone |
| Meli 26 (anticipated) | On request | Class A4 premium possible |
| Darsena canal | €7,000-9,000+ | Lifestyle premium |
| Prandina 34 comparable | On request | Sister Okam scheme |
At 2,700 sqm across 22 units, average gross unit size approximates 120 sqm before common areas. Smaller two-bedroom units may suit yield investors; villa typologies target owner-occupiers seeking rare new-build volume in the corridor.
Investment Pros and Cons
Advantages
- Okam Italy track record across multiple Milan sites reduces single-project developer risk relative to unknown local promoters
- Class A4 efficiency lowers operating costs versus Class C legacy stock nearby
- Q1 2028 delivery precedes continued Martesana public investment in streetscape and mobility
- Shared amenities differentiate rental listings from unrenovated condominiums
- Studio Asti design consistency with Prandina supports resale narrative
Risks
- Off-plan exposure from Q2 2026 start through Q1 2028 handover
- Pricing opacity until official lists publish
- Competition from Prandina 34 and other Navigli schemes launching simultaneously
- Milan STR licensing requires CIN and municipal compliance, not automatic
- Non-resident buyers budget 10-12% transaction costs above purchase price
Rental Market Outlook
Modern two-bedroom units in Navigli Martesana often achieve €1,400-1,800 monthly on long-term furnished leases. Three-bedroom homes with terraces can reach €2,100-2,700 depending on finish. Gross yields likely fall in the 3.5-4.5% band once list prices confirm.
Corporate tenants from design, finance, and healthcare sectors dominate qualified applicant pools. Short-stay operators can achieve higher gross revenue but face platform fees, cleaning, and cedolare secca at 21-26% on gross rent depending on property count.
Off-Plan Purchase Process
Italian off-plan purchases follow reservation deposit, compromesso preliminare, milestone payments, and rogito at handover. Okam structures payments against verifiable construction stages.
| Stage | Indicative payment | Buyer action |
|---|---|---|
| Reservation | €10,000-25,000 | Unit selection |
| Compromesso | 10-20% | Notary review |
| Foundation | 15-20% | Milestone certificate |
| Structure | 20-25% | Site verification |
| Envelope | 15-20% | Snagging prep |
| Rogito | Balance + taxes | Keys and inspection |
Foreign buyers should engage a Milan property lawyer before compromesso. See buy property Italy foreigner and due diligence Italy property.
Buyer Scenarios and Decision Framework
Scenario 1: EU professional targeting Navigli lifestyle (hold 5+ years)
Reserve a three-bedroom terrace unit for owner-occupier use during a Milan assignment, then let furnished to incoming expats. Proceed only if assignment extends beyond Q1 2028 or interim housing is secured.
Scenario 2: US investor comparing Meli vs Prandina (hold 7-10 years)
Model both Okam schemes side by side: Meli offers Class A4 and earlier Q1 2028 delivery; Prandina offers larger 30-unit scale and FRIMM construction partnership with Q2 2028 handover. Choose the unit mix that fits yield math, not brand alone.
Scenario 3: UK buyer seeking Milan off-plan diversification (hold 4-6 years)
Use Meli as a Navigli anchor alongside completed stock elsewhere in Lombardy. Discount developer yield claims by 100 basis points and confirm escrow on deposits.
Due Diligence Checklist
- Verify Okam Italy corporate registration and prior milestone delivery on sister Navigli sites
- Obtain written unit mix, net areas, and cadastral category projections
- Confirm building permits and urban planning compliance for Meli 26 site
- Review compromesso delay penalties relative to Q1 2028 target
- Inspect payment guarantee and bank escrow arrangements
- Check condominium draft rules on short-term rental
- Model registration tax at 2% or 9% depending on residency election
Conclusion
Meli 26 Living by the Martesana offers a defined Class A4 entry into Okam Italy’s Naviglio Martesana portfolio with Studio Asti design and amenity-rich shared spaces. The 22-unit scale keeps community intimacy while Q1 2028 delivery aligns with continued district upgrades.
Compare directly with Prandina 34 Navigli Martesana, read the Milan Navigli area guide, and review the Okam Italy developer profile before reservation deposits.
For national context, see Milan property investment guide and Italy property investment guide.
How this guide connects to the rest of the site
This page is part of the Italian Estate research hub. Continue with Milan property investment guide and cost of buying property Italy. Insider tip: Track three closed sales in the same quartiere before offer — portal asking averages often overshoot OMI reference bands by 8-12% in spring listing season.
Frequently Asked Questions
Meli 26 is a 22-unit Class A4 residential development along Milan's Naviglio Martesana canal. Okam Italy and Studio Asti transform an industrial heritage site into contemporary apartments with terraces, landscaped courtyards, and shared wellness amenities, with delivery targeted for Q1 2028.
Architect Paolo Asti and Studio Asti designed Meli 26, continuing the architectural dialogue Okam Italy uses across Navigli Martesana schemes including Prandina 34. The design emphasizes natural light, fluid forms, and energy-efficient envelopes rated Class A4.
Okam Italy schedules project start in Q2 2026 with buyer handover in Q1 2028. Sales open ahead of groundbreaking, with milestone payments tied to verified construction progress typical of Lombardy off-plan practice.
The 2,700 sqm scheme offers two-, three-, and four-bedroom apartments plus select villa-style units at the top of the range. Shared facilities include conciergerie, fitness area, co-working space, bike storage, and locker rooms.
Yes. EU citizens purchase on equal terms with Italian residents. Non-EU buyers from reciprocity countries can reserve units with a codice fiscale, notary-reviewed compromesso, and standard 10-12% transaction costs on second homes.
Both are Okam Italy Navigli Martesana off-plan schemes designed by Studio Asti with similar amenities. Prandina 34 offers 30 units across 3,500 sqm with Q2 2028 handover and FRIMM construction partnership. Meli 26 is smaller at 22 units with Class A4 rating and Q1 2028 delivery.
Frequently Asked Questions
Meli 26 is a 22-unit Class A4 residential development along Milan's Naviglio Martesana canal. Okam Italy and Studio Asti transform an industrial heritage site into contemporary apartments with terraces, landscaped courtyards, and shared wellness amenities, with delivery targeted for Q1 2028.
Architect Paolo Asti and Studio Asti designed Meli 26, continuing the architectural dialogue Okam Italy uses across Navigli Martesana schemes including Prandina 34. The design emphasizes natural light, fluid forms, and energy-efficient envelopes rated Class A4.
Okam Italy schedules project start in Q2 2026 with buyer handover in Q1 2028. Sales open ahead of groundbreaking, with milestone payments tied to verified construction progress typical of Lombardy off-plan practice.
The 2,700 sqm scheme offers two-, three-, and four-bedroom apartments plus select villa-style units at the top of the range. Shared facilities include conciergerie, fitness area, co-working space, bike storage, and locker rooms.
Yes. EU citizens purchase on equal terms with Italian residents. Non-EU buyers from reciprocity countries can reserve units with a codice fiscale, notary-reviewed compromesso, and standard 10-12% transaction costs on second homes.
Both are Okam Italy Navigli Martesana off-plan schemes designed by Studio Asti with similar amenities. Prandina 34 offers 30 units across 3,500 sqm with Q2 2028 handover and FRIMM construction partnership. Meli 26 is smaller at 22 units with Class A4 rating and Q1 2028 delivery.
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