The 1.2 Million SF Zyscovich Architects-Designed Aventura ParkSquare Receives TCO

Aventura ParkSquare has received its Temporary Certificates of Occupancy (TCO) from Miami-Dade County as the mixed-use projects gears up to open to residents and commercial tenants. Aventura ParkSquare is being developed by Integra Investments and was revealed in 2014 before breaking ground in 2016. The project was designed by Zyscovich Architects and the 7.4 acre project, which is located at Waterways Boulevard and NE 207th Street, is designed to promote a walkable lifestyle with ground floor activity and a shaded, interior main street pedestrian promenade. The project includes 1.2 million SF of total development spread over 5 buildings featuring a 9-story office and condo building, a 45K SF medical center, a 207-key Aloft Hotel, a senior housing building and a parking garage. Tenants include Starbucks, Doc B's, Barry's Bootcamp, and Delicious Raw Kitchen and Juice Bar. 

Aloft South Beach Sells for $105 Million, Now The Gates Hotel

JMH Development has sold Aloft South Beach to Rockpoint Group for $105 million as of last week. The deal was reported to be for $446,809 per key for the 235-room hotel which will now operate as The Gates Hotel South Beach. JMH Development acquired the property in 2004 for $12.5 million and converted it into a hotel in 2011 with Lightstone Group. It opened as an Aloft Hotel in 2015 and is located at 2630 Collins Ave. on Miami Beach directly across from One Hotel and features Continental Miami, a Stephen Starr American Fusion Restaurant.