Royal Senior Care Buys Senior Facility Component of Aventura Park Square

Rendering of completed Aventura Park Square via development website¹

Royal Senior Care Management purchased the senior facility component of the mixed-use project Aventura Park Square on Wednesday for $7 million. Integra Investments sold the 0.44 acre section as it was being developed.

When completed, this senior facility will total 144 assisted living units. It is part of the Aventura Park Square mixed-use project, which is to also include residential, office, and retail components. An additional section of the development was purchased by Norwich Partners in February for $8 million.

1. http://www.aventuraparksquare.com/

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Chariff Realty Sells Newly Developed Brown Jordan Showroom for $13 Million

Area Map

Miami Beach investor Sam Herzberg purchased the Brown Jordan furniture showroom yesterday for $13 million, funded by a $6 million loan with Wells Fargo Bank. The seller, Chariff Realty, developed the two-story property on the 0.08-acre parcel - which was purchased for just $275,000 in 2013.

This showroom totals 8,600 square feet and stands just south of the Miami Design District, southwest of the Federal Highway and Interstate 195 intersection. A railroad sits directly east of the property.

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