Development team’s office complex project near Aventura wins approval

The 290K sf building will break ground soon and is already half sold

Renderings of 188 Aventura Centre (Credit: Modis Architects)
Renderings of 188 Aventura Centre (Credit: Modis Architects)

A joint venture just won approval for a nine-story office complex that will rise near Aventura, set to break ground soon, The Real Deal has learned.

The developers: BM2 Realty, MG3 Developer Group, Scheck Group and Solomon Capital Management will build 188 Aventura Centre, a 290,000-square-foot office building.

The project, which just received site approval from the City of Miami, will include about 53 office condos and 11,000 square feet of retail space.

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The joint venture paid $4.85 million in 2016 for the site at 18801 West Dixie Highway. It was previously the site of a 9,345-square-foot church building, and sits just west of the Town Center Aventura shopping center.

The building, designed by Modis Architects, will include a lounge deck on its sixth floor equipped with a bar, ping-pong table, TV and an outdoor terrace for owners.

Ezequiel Baredes, CEO of BM2 Realty, said 188 Aventura Centre is more than 50 percent pre-sold. Each partner company involved will be moving its headquarters office into the building.

The project will be self-financed and is estimated to cost about $45 million, according to Baredes. The developers plan to break ground within the next three months, and aim to complete the project by the end 2019, Baredes said.