Married pair Yakov and Cheryl Cohen suggest an 11-tale blended-use project with workplaces, retail and flats in the Ojus community.
The Cohens want to develop the Aventura Workplace Centre with 120,000 square ft of offices 4,400 square feet of commercial space and 12 apartments at 18802 and 18820 West Dixie Freeway, in accordance to Yakov Cohen and an application submitted to Miami-Dade County late very last thirty day period. The 1.3-acre web-site is in an unincorporated spot in close proximity to Aventura and a Brightline station.
Created by Arquitectonica, the challenge would have floor-to-ceiling home windows in a gray and white palette. The apartments would be on two concentrations on the west part of the building.
The Cohens, via an affiliate, purchased the vacant progress web site for $7.5 million in 2022, records show. They previously have acceptance for an eight-story venture on the website, but are trying to get to improve the top just after not too long ago permitted Ojus district rules now make it possible for for up to 15-story properties.
The Cohens’ wager on workplaces arrives at a dubious time for the asset class. Whilst South Florida generally has remained immune to place of work woes plaguing other marketplaces, the tri-county region nevertheless is feeling the suffering of the remote operate change and enhanced sublease availability.
But Yakov Cohen is self-confident he will correctly lease up his venture. A neighborhood tech tenant presently has pre-leased some of the business room and a “very nicely-known” restaurant also has pre-leased some of the professional space, he explained. Cohen declined to title the tenants.
Construction is envisioned to begin mid-12 months, and the job is slated to be completed late future 12 months, he stated.
Also in Ojus, Cohen is partnering with Shimon Bouskila on a 20-story, 330-device condominium developing with 10,000 square feet of retail and 200 storage models at 2655-2660 Northeast 189th Road. The project not too long ago scored acceptance and building is envisioned to start off early subsequent 12 months, Cohen mentioned.
Ojus has caught other developers’ eyes, partly because of to the neighborhood’s proximity to the Brightline station. Lumer True Estate and Goldberg Firms system a 700-device apartment complex with two eight-tale buildings at the northeast corner of Northeast 186th Street and Northeast 23rd Court docket. Also, preschool developer and operator Raphael Ammar strategies an 18-story job with 210 apartments, 99,600 square ft of places of work and 17,600 sq. feet of retail on the floor flooring at 2600 and 2630 Northeast 203rd Street.
