The Real Deal Miami

Developer buys Ojus site, plans office condominium

Plans include 120,000 sf, six-story office building

October 27, 2015 12:00PM
By Katherine Kallergis

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2655 Northeast 186th Terrace

2655 Northeast 186th Terrace in Ojus, west of Aventura.

A nearly half-acre of land in Ojus has sold with plans for a six-story office building, The Real Deal has learned.

The property, at 2655 Northeast 186th Terrace, will be developed into a 120,000-square-foot office condominium. That will break down to 60 offices that range between 500 square feet to 900 square feet, buyer’s agent Eric Halfen told TRD.

2655 Developers USA, an LLC based in Hallandale Beach, paid $3 million for the nearly half-acre site on Oct. 13. Eduardo Halfen, Boris Fincheltub and Isaac Aserraf of Premium Developers Group are on the buyer’s corporate records. On his LinkedIn profile, Fincheltub is managing director of Venezuela-based civil engineering firm HFH.

elad barokas

Listing agent Elad Barokas

Listing agent Elad Barokas of KW said the property was on the market for $3.45 million.

“The corridor is increasingly getting more attention from developers and investors because Aventura, which is two minutes away, is almost untouchable,” Barokas told TRD, referring to the lack of development opportunities in Aventura. “This whole area will look dramatically different in the next five to six years.”

Barokas said the body shops and warehouses that make up the area will eventually make way for new development. The property, which last sold for $1 million in 2014, is zoned for automotive/marine industrial development. Before that, it sold for $180,000 in 1993, according to Miami-Dade County records.

A two-story, 4,553-square-foot body shop and garage are currently on site. NSMK LLC sold the lot in October.

A Miami Beach-based architectural firm is working on the building’s design, Halfen, of Grand Realty of America, said. The development will include a parking garage, commercial space in the lobby and green space. Sales will launch during the first quarter of next year.

“The growth of Aventura and its surroundings is demanding this type of project,” according to the developers. “The strategic location of the property just around Miami Gardens Drive and Biscayne Boulevard makes it more attractive and interesting that many others in the area.”

Nearby, a group of Argentine developers is planning to build a 12-story office condo tower at 19790 West Dixie Highway. Privé Land Banking is the developer behind Forum Aventura, a 95,000-square-foot building that is being designed by Arquitectonica. When completed, that project will include ground-floor retail, a rooftop lounge and green space.

Miami Beach-based Transamerican Development Corp. is also planning to develop in the area. The developer acquired the 2-acre site at 17990 West Dixie Highway with plans for a mixed-use project.