Group P6, a renowned real estate development company, recently acquired a property just west of the popular Aventura Mall for $16.07 million. The property is located in the Ojus Urban District and has been earmarked for a mixed-use project.
The buyer was able to secure a mortgage of $2.5 million from Centennial Bank to finance the purchase. According to reports by South Florida Business Journal, this parcel was originally purchased for $615,000 in 2003 and then again for $3.6 million in 2016.
Star Holdings Management was the previous owner of this site and had filed plans with county officials to develop it into an impressive project called “The Gateway.” This proposed development would span over 645,941 square feet across 18 stories and include amenities such as 210 apartments, offices spanning over 107,000 square feet , retail space measuring at least18 ,250 square feet ,and parking facilities that can accommodate up to468 vehicles.
On their official website Group P6 proudly boasts about their upcoming project which will feature luxurious rental apartments along with top-notch health club membership that includes indoor paddle courts as well as pickleball courts . Group P6 is highly regarded for its exceptional work on building condos in Boca Raton .
This prime location also benefits from being situated near Brightline rail station which serves Aventura residents living south of this area .
In summary:
Group P6 has purchased a property near Aventura Mall worth $16.07 million that will be developed into an impressive mixed-use project by Star Holdings Management under the name “The Gateway”. The new development will cover an area of645941 sq ft comprising luxury rental apartments,a best-in-class health club membership including indoor paddle & pickleball courts,and ample parking space.The buyer received financial assistance througha$2 .5million mortgage provided by Centennial Bank.This prime location also enjoys proximityto the Brightline rail station which serves Aventura residents living south of this area.
