{"id":2496,"date":"2025-12-01T12:15:50","date_gmt":"2025-12-01T17:15:50","guid":{"rendered":"https:\/\/www.brickellsold.com\/blog\/turnberry-simon-expand-aventura-mall-with-131m-purchase\/"},"modified":"2026-04-13T10:15:47","modified_gmt":"2026-04-13T14:15:47","slug":"turnberry-simon-expand-aventura-mall-with-131m-purchase","status":"publish","type":"post","link":"https:\/\/www.brickellsold.com\/blog\/turnberry-simon-expand-aventura-mall-with-131m-purchase\/","title":{"rendered":"Turnberry Simon Expand Aventura: 7 Proven Turnberry and Simon Expand Aventura Mall with $131M Purchase: What It Means"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.brickellsold.com\/blog\/turnberry-simon-expand-aventura-mall-with-131m-purchase\/#What_Does_This_Acquisition_Mean_for_the_Miami_Real_Estate_Market\" >What Does This Acquisition Mean for the Miami Real Estate Market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.brickellsold.com\/blog\/turnberry-simon-expand-aventura-mall-with-131m-purchase\/#Miami_market_relevance\" >Miami market relevance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.brickellsold.com\/blog\/turnberry-simon-expand-aventura-mall-with-131m-purchase\/#Turnberry_Simon_Expand_Aventura_Practical_Checklist\" >Turnberry Simon Expand Aventura: Practical Checklist<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.brickellsold.com\/blog\/turnberry-simon-expand-aventura-mall-with-131m-purchase\/#FAQ_Turnberry_Simon_Expand_Aventura\" >FAQ: Turnberry Simon Expand Aventura<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.brickellsold.com\/blog\/turnberry-simon-expand-aventura-mall-with-131m-purchase\/#What_should_be_planned_first\" >What should be planned first?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Does_This_Acquisition_Mean_for_the_Miami_Real_Estate_Market\"><\/span>What Does This Acquisition Mean for the Miami Real Estate Market?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aventura Mall owners Turnberry and Simon Property Group have acquired an adjacent office and retail complex for 1 million. This acquisition marks a significant expansion of their presence in the Miami real estate market.<\/p>\n<p><strong>Turnberry Simon Expand Aventura<\/strong> helps improve planning, consistency, and publishing quality when teams follow a repeatable workflow.<\/p>\n<div id=\"the-content\">\n<p>Aventura Mall owners Turnberry and Simon Property Group are taking over an adjacent office and retail complex that was previously home to a Sears store.\u00a0<\/p>\n<p>Aventura-based Turnberry, led by Jackie Soffer and Indianapolis-based Simon, led by CEO David Simon, bought the previously named Esplanade at Aventura, a 219,000-square-foot mixed-use project at 19505 Biscayne Boulevard, according to a press release. New York-based Seritage Growth Properties, led by interim CEO Adam Metz, sold the property for $131 million, a source confirmed. Bloomberg first reported the deal.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">(Google Maps)<\/figcaption><\/figure>\n<p>Turnberry and Simon rebranded the project to the Abbey at Aventura, which is directly next to Aventura Mall at 19501 Biscayne Boulevard.\u00a0<\/p>\n<p>Commercial brokers once projected the mixed-use project could fetch roughly $200 million when Seritage first explored a potential selloff amid a broader portfolio disposition plan in 2022.\u00a0<\/p>\n<p>Seritage redeveloped the shuttered Sears store at Aventura Mall into the Esplanade, and secured tenants that include Amalfi Llama, Industrious, Jarana, Joey\u2019s Aventura, Lego, North Italia, Pura Vida, Pure Barre, STK Steakhouse, Sweetgreen, Tremble and other service and medical users, the release states.\u200b Miami-based fitness club Anatomy also recently signed a lease for a 26,000-plus-square-foot gym.\u00a0<\/p>\n<p>In a statement, Turnberry principal Harrison Soffer said the ownership team plans to \u201cre-imagine\u201d the property by enhancing programming and pursuing additional innovative retail and experiential brands.\u200b<\/p>\n<p>For Turnberry, the acquisition deepens the firm\u2019s holdings in its hometown. In addition to Aventura Mall, Turnberry owns Town Center Aventura. The firm is also a partner in the SoL\u00e9 Mia mixed-use community in North Miami and is co-developing an 800-key hotel connected to the Miami Beach Convention Center.\u00a0<\/p>\n<p>Simon, a global retail real estate investment trust, primarily owns malls and mixed-use centers across North America, Europe and Asia. \u200b<\/p>\n<p>Seritage, which had battled construction liens, tenant litigation and pandemic-related delays at Esplanade before stabilizing leasing, has been in the process of selling down its holdings as part of a shareholder-approved liquidation strategy.\u00a0<\/p>\n<p>In June, Seritage sold a shuttered Sears store at Town Center at Boca Raton to Simon for $23 million.\u00a0<\/p>\n<\/div>\n<p>{&#8220;props&#8221;:{&#8220;pageProps&#8221;:{&#8220;hamburgerMenu&#8221;:[{&#8220;url&#8221;:null,&#8221;label&#8221;:&#8221;News&#8221;,&#8221;external&#8221;:false,&#8221;childItems&#8221;:{&#8220;nodes&#8221;:[{&#8220;label&#8221;:&#8221;All 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var(&#8211;wp&#8211;preset&#8211;font-size&#8211;x-large) !important;}&#8221;,&#8221;type&#8221;:&#8221;list&#8221;,&#8221;__typename&#8221;:&#8221;StyleItem&#8221;}],&#8221;post&#8221;:{&#8220;id&#8221;:&#8221;cG9zdDoxMDAzMTQx&#8221;,&#8221;databaseId&#8221;:1003141,&#8221;title&#8221;:&#8221;Aventura Mall owners Turnberry and Simon grow holdings with $131M purchase of Esplanade project&#8221;,&#8221;status&#8221;:&#8221;publish&#8221;,&#8221;slug&#8221;:&#8221;turnberry-simon-expand-aventura-mall-with-131m-purchase&#8221;,&#8221;uri&#8221;:&#8221;\/miami\/2025\/12\/01\/turnberry-simon-expand-aventura-mall-with-131m-purchase\/&#8221;,&#8221;link&#8221;:&#8221;https:\/\/therealdeal.com\/miami\/2025\/12\/01\/turnberry-simon-expand-aventura-mall-with-131m-purchase\/&#8221;,&#8221;dateGmt&#8221;:&#8221;2025-12-01T16:41:54&#8243;,&#8221;contentTypeName&#8221;:&#8221;post&#8221;,&#8221;contentFiltered&#8221;:&#8221;u003cpu003eAventura Mall owners Turnberry and Simon Property Group are taking over an adjacent office and retail complex that was previously home to a Sears store.u0026nbsp;u003c\/pu003enu003cpu003eAventura-based u003ca href=&#8221;\/national\/nashville\/2024\/01\/15\/turnberry-plans-st-regis-hotel-condo-tower-in-nashville\/&#8221;u003eTurnberryu003c\/au003e, led by Jackie Soffer and Indianapolis-based u003ca href=&#8221;\/miami\/2025\/06\/27\/swire-sold-brickell-city-centre-for-512m-to-simon\/&#8221;u003eSimonu003c\/au003e, led by CEO David Simon, bought the previously named Esplanade at Aventura, a 219,000-square-foot mixed-use project at 19505 Biscayne Boulevard, according to a press release. New York-based Seritage Growth Properties, led by interim CEO Adam Metz, sold the property for $131 million, a source confirmed. Bloomberg first reported the deal.u0026nbsp;u003c\/pu003enu003cfigure class=&#8221;wp-block-image size-full&#8221;u003eu003cimg loading=&#8221;lazy&#8221; decoding=&#8221;async&#8221; width=&#8221;1600&#8243; height=&#8221;1000&#8243; src=&#8221;https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/12\/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL.jpg&#8221; alt=&#8221;&#8221; class=&#8221;wp-image-1003152&#8243; srcset=&#8221;https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/12\/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL.jpg 1600w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/12\/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-300&#215;188.jpg 300w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/12\/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-700&#215;438.jpg 700w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/12\/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-200&#215;125.jpg 200w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/12\/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-768&#215;480.jpg 768w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/12\/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-1024&#215;640.jpg 1024w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/12\/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-1400&#215;875.jpg 1400w, https:\/\/static.therealdeal.com\/wp-content\/uploads\/2025\/12\/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-50&#215;31.jpg 50w&#8221; sizes=&#8221;auto, (max-width: 1600px) 100vw, 1600px&#8221; \/u003eu003cfigcaption class=&#8221;wp-element-caption&#8221;u003e(Google Maps)u003c\/figcaptionu003eu003c\/figureu003enu003cpu003eTurnberry and Simon rebranded the project to the Abbey at Aventura, which is directly next to Aventura Mall at 19501 Biscayne Boulevard.u0026nbsp;u003c\/pu003enu003cpu003eCommercial brokers once projected the mixed-use project could fetch roughly u003ca href=&#8221;\/miami\/2022\/07\/25\/after-overcoming-construction-delays-esplanade-at-aventura-could-fetch-200m-brokers-say\/&#8221;u003e$200 millionu003c\/au003e when Seritage first explored a potential selloff amid a broader portfolio disposition plan in 2022.u0026nbsp;u003c\/pu003enu003cpu003eSeritage redeveloped the shuttered Sears store at Aventura Mall into the Esplanade, and secured tenants that include Amalfi Llama, Industrious, Jarana, Joey\u2019s Aventura, Lego, North Italia, u003ca href=&#8221;\/miami\/2025\/06\/23\/bridge-industrial-seritage-growth-properties-nab-tenants\/&#8221;u003ePura Vidau003c\/au003e, Pure Barre, STK Steakhouse, Sweetgreen, Tremble and other service and medical users, the release states.\u200b Miami-based fitness club Anatomy also recently signed a lease for a 26,000-plus-square-foot gym.u0026nbsp;u003c\/pu003enu003cpu003eIn a statement, Turnberry principal Harrison Soffer said the ownership team plans to \u201cre-imagine\u201d the property by enhancing programming and pursuing additional innovative retail and experiential brands.\u200bu003c\/pu003enu003cpu003eFor Turnberry, the acquisition deepens the firm\u2019s holdings in its hometown. In addition to Aventura Mall, Turnberry owns Town Center Aventura. The firm is also a partner in the SoL\u00e9 Mia mixed-use community in North Miami and is co-developing an 800-key hotel connected to the Miami Beach Convention Center.u0026nbsp;u003c\/pu003enu003cpu003eSimon, a global retail real estate investment trust, primarily owns malls and mixed-use centers across North America, Europe and Asia. \u200bu003c\/pu003enu003cpu003eu003ca href=&#8221;\/new-york\/tristate\/2024\/05\/01\/seritage-sells-part-of-albany-mall-for-28m\/&#8221;u003eSeritageu003c\/au003e, which had battled construction liens, tenant litigation and pandemic-related delays at Esplanade before stabilizing leasing, has been in the process of selling down its holdings as part of a shareholder-approved liquidation strategy.u0026nbsp;u003c\/pu003enu003cpu003eIn June, Seritage sold a shuttered Sears store at Town Center at Boca Raton to Simon for u003ca href=&#8221;\/miami\/2025\/06\/12\/simon-property-group-pays-23m-for-boca-raton-closed-sears\/&#8221;u003e$23 millionu003c\/au003e.u0026nbsp;u003c\/pu003en&#8221;,&#8221;noAds&#8221;:false,&#8221;alternativeHeadline&#8221;:{&#8220;subheadline&#8221;:&#8221;JV bought the office and retail development previously home to a Sears &#8220;,&#8221;__typename&#8221;:&#8221;AlternativeHeadline&#8221;},&#8221;updatedPost&#8221;:{&#8220;updated&#8221;:false,&#8221;date&#8221;:&#8221;2025-12-01T17:02:00+00:00&#8243;,&#8221;__typename&#8221;:&#8221;UpdatedPost&#8221;},&#8221;aiSummary&#8221;:{&#8220;summary&#8221;:&#8221;u003culu003ernu003cli style=&#8221;font-weight: 400;&#8221; aria-level=&#8221;1&#8243;u003eu003cspan style=&#8221;font-weight: 400;&#8221;u003eAventura Mall owners Turnberry and Simon Property Group acquired the adjacent office and retail complex, formerly known as Esplanade at Aventura, from Seritage Growth Properties for $131 million.u003c\/spanu003eu003c\/liu003ernu003cli style=&#8221;font-weight: 400;&#8221; aria-level=&#8221;1&#8243;u003eu003cspan style=&#8221;font-weight: 400;&#8221;u003eThe 219,000-square-foot project, previously the site of a Sears store, has been rebranded as the Abbey at Aventura.u003c\/spanu003eu003c\/liu003ernu003cli style=&#8221;font-weight: 400;&#8221; aria-level=&#8221;1&#8243;u003eu003cspan style=&#8221;font-weight: 400;&#8221;u003eThe new owners plan to enhance the property\u2019s programming and pursue additional innovative retail and experiential 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class=\"ez-toc-section\" id=\"Miami_market_relevance\"><\/span>Miami market relevance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If this topic impacts buyers or sellers, the most useful context is what is happening locally. Track current pricing, inventory, and days on market in Miami, and compare active listings by building or neighborhood before making decisions.<\/p>\n<p><a href=\"https:\/\/www.brickellsold.com\/brickell-miami-fl-real-estate\">Browse current Miami listings<\/a> or <a href=\"https:\/\/brickellsold.com\/en\/tools\/book-call\">request a tailored report<\/a>.<\/p>\n<p>The acquisition is part of Turnberry&#8217;s efforts to &#8216;re-imagine&#8217; the property and enhance programming. For Simon, it deepens their holdings in the local market. What does this mean for buyers and sellers? Let&#8217;s break down the implications.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Turnberry_Simon_Expand_Aventura_Practical_Checklist\"><\/span>Turnberry Simon Expand Aventura: Practical Checklist<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Confirm scope and audience<\/li>\n<li>Define the content goal and CTA<\/li>\n<li>Use clear headings and examples<\/li>\n<li>Add supporting internal links<\/li>\n<li>Review before publishing<\/li>\n<\/ul>\n<p>Most quality issues come from unclear scope and rushed publishing. A simple checklist improves consistency and readability.<\/p>\n<p>Review your introduction, headings, and conclusion to ensure the article matches search intent and provides practical next steps for the reader.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQ_Turnberry_Simon_Expand_Aventura\"><\/span>FAQ: Turnberry Simon Expand Aventura<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_should_be_planned_first\"><\/span>What should be planned first?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Start with the goal, audience, and deliverables so the final content and media support the same outcome.<\/p>\n<p><strong>Need help implementing this workflow?<\/strong> Contact Miami Real Estate Insights &amp; Market Trends to plan a practical content and media process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turnberry Simon Expand Aventura: 7 Proven Turnberry and Simon Expand Aventura Mall with $131M Purchase: What It Means: What Does This Acquisition Mean for th&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2497,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_title":"7 Proven Turnberry Simon Expand Aventura Mistakes to Avoid","rank_math_description":"What Does This Acquisition Mean for the Miami Real Estate Market? Aventura Mall owners Turnberry and Simon Property Group have acquired an adjacent office and","rank_math_focus_keyword":"Turnberry Simon Expand Aventura","rank_math_canonical_url":"https:\/\/www.brickellsold.com\/blog\/turnberry-simon-expand-aventura-mall-with-131m-purchase\/","rank_math_robots":"index,follow","footnotes":""},"categories":[1720],"tags":[],"class_list":["post-2496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brickell-real-estate-market"],"_links":{"self":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts\/2496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/comments?post=2496"}],"version-history":[{"count":4,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts\/2496\/revisions"}],"predecessor-version":[{"id":3932,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/posts\/2496\/revisions\/3932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/media\/2497"}],"wp:attachment":[{"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/media?parent=2496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/categories?post=2496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brickellsold.com\/blog\/wp-json\/wp\/v2\/tags?post=2496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}