New Real Estate Projects in Ojus: GrowIn Group’s Innovative Developments

Overview of GrowIn Group’s New Developments

The GrowIn Group, a newly established real estate company, is set to make its mark in Ojus with a proposal for two substantial 32-unit condo buildings. This venture marks its inaugural ground-up development project, highlighting the firm’s ambition and expertise in the Florida real estate market.

Details of the Proposed Condos

Lev at Aventura and Eden at Aventura

• Lev at Aventura: Located at 2520 Northeast 191st Street.
• Eden at Aventura: Positioned at 2557-2559 Northeast 190th Street.

Both buildings will feature:

• 10 stories each
• A total of 60 parking spaces
• Rooftop pools
• A variety of condos ranging from one-bedroom to three-bedroom units

According to GrowIn Group’s filings, the designs, crafted by Gaviria Architects, aim to resonate with the local community. Unique features include:

• Shabbat elevators
• At least one prayer room in one of the buildings

Workforce Housing Initiatives

In a commitment to affordability, approximately 25% of the units in each building will be designated as workforce housing. This initiative aligns with the county workforce program, which allows for larger buildings when a portion of the units are rented at below-market rates.

• Income Thresholds: Workforce housing typically targets households earning between 60% to 140% of the area median income (AMI).
• Current AMI: As per the Florida Housing Finance Corporation, the annual AMI for Miami-Dade is $87,200. Hence:
  • A one-person household can earn up to $104,160 to qualify for a unit.
  • A two-person household can earn up to $118,920.
  • A three-person household can earn up to $133,800.

About GrowIn Group

Founded by Jorge Saivay and Luis Ochoa, GrowIn Group aims to leverage their combined experience in residential projects throughout Florida. Their shared vision was established last year, with planning and site selection beginning as early as 2023.

Key Facts

• GrowIn recently acquired the Lev at Aventura site for $1.5 million.
• The Eden at Aventura site is owned by local residents Conroy and Millicent Anderson.

Location Benefits: Ojus

Ojus, a growing neighborhood adjacent to Aventura, has become increasingly attractive for developers. The area is not just home to picturesque developments but also features amenities like the Brightline passenger train station.

Recent Developments in Ojus

• Aventana: A 16-story, 334-unit apartment building planned by RAM Realty Advisors and Pinnacle at 19640 West Dixie Highway.
• New Multifamily Proposals: In September, Jacobo and Fortuna Toledano proposed an eight-story, 42-unit multifamily building at the intersection of the Florida East Coast Railway tracks and Northeast 206th Street.

Conclusion

With its innovative designs and commitment to community-centered amenities, the Lev at Aventura and Eden at Aventura projects by GrowIn Group are poised to shape the Ojus landscape. These developments not only cater to diverse housing needs but also reflect a commitment to community values and workforce housing. As Ojus continues to attract interest from developers, it remains a focal point in the evolving South Florida real estate market.

For further information on the latest developments in Ojus, visit The Real Deal.