Construction Begins on Centtral Aventura Mixed-Use Project in Aventura

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Construction has commenced on Centtral Aventura, a new 145,000-square-foot mixed-use project in Aventura, Florida. The development, led by ELJA Developers, will feature retail, restaurant, and office space across a nine-story building, along with a 423-space parking garage. The project secured a $70 million construction loan from Ocean Bank to fund the construction, which is being handled by general contractor JAXI Builders.

Why it matters

The Centtral Aventura project represents a significant investment in Aventura's commercial real estate market, adding new retail, dining, and office options to the Biscayne Boulevard corridor. The development's mix of uses and structured parking are designed to attract a diverse range of tenants and customers, contributing to the ongoing revitalization of this area.

The details

Centtral Aventura will feature approximately 75,000 square feet of retail and restaurant space on the first three levels, with 70,000 square feet of office space on the upper floors. The project will also include a 423-space parking garage to serve the various commercial tenants and customers. Colliers has been tapped to handle the retail and restaurant leasing, while the office leasing representation has not been disclosed.

• Construction on Centtral Aventura has commenced, with the foundation phase currently underway.
• The development is targeted for completion in the fourth quarter of 2027.

What’s next

As the foundation work progresses, the development team will continue to focus on advancing the Centtral Aventura project towards its targeted Q4 2027 completion. Additional details on tenant commitments, leasing velocity, and any further financing arrangements are expected to be disclosed in the coming months.