Developers Related Group and 13th Floor Investments are reportedly considering a significant redevelopment project in Aventura, Florida. The plan involves replacing the existing Arium Lincoln Pointe apartment community with a new condominium complex. This potential project signals a shift in the Aventura real estate landscape.
Key Takeaways
- Related Group and 13th Floor Investments are exploring the possibility of redeveloping the Arium Lincoln Pointe apartment complex in Aventura.
- The proposed project aims to replace the current apartments with a new condominium development.
Project Overview
Leading real estate developers Related Group and 13th Floor Investments are in discussions regarding the potential redevelopment of the Arium Lincoln Pointe apartment community located in Aventura. While details are still emerging, the primary focus of this potential venture is to transform the existing rental property into a new condominium offering.
Strategic Location
The Aventura area is known for its upscale lifestyle and desirable location, making it an attractive market for residential development. The proposed condominium project would likely cater to buyers seeking modern living spaces in a vibrant South Florida community. The specific plans for the new development, including the number of units and amenities, have not yet been disclosed.
Market Implications
This potential project highlights the ongoing demand for residential properties in South Florida. The transition from an apartment community to condominiums could indicate a strategic move by the developers to capitalize on the condominium market’s strength in Aventura. Further information is expected as the plans progress through the necessary stages of approval and development.
Sources
- Related Group, 13th Floor Investments could build condos at Arium Lincoln Pointe in Aventura, The Business Journals.