Arium Lincoln Point Condos For Sale

In one of the latest high-profile redevelopment plays in Aventura, Related Group and 13th Floor Investments are looking to convert a fully leased rental property into a luxury condominium project. The prime waterfront location, originally developed in 1991, offers significant upside potential under existing density entitlements.

Related Group and 13th Floor Investments purchased Arium Lincoln Pointe in Aventura for $82.5 million in January 2025. They propose replacing the 285-unit apartment complex with two 31-story condo towers totaling 409 units. Early site plans included 453 condos and extensive amenities; the current version scales that back but stays within zoning limits.

The site, located at 17900 NE 31st Court, spans approximately 8.77 acres and includes 285 rental apartments built in 1991. The acquisition was financed with a $58 million loan from Madison Realty Capital. Initial concept plans filed in February by Arquitectonica called for 453 condo units across two 32-story towers.

These plans included over 51,000 square feet of amenities such as pools, pickleball, tennis and padel courts, private terraces, and nearly 1.08 million square feet of total development. In July 2025, a revised application filed by attorney Michael Marrero scaled the project down to 409 units across two 31-story towers. Despite the reduction, the development remains within the city's previously approved density limits from a 2006 settlement allowing up to 460 units in 35 stories.

Aventura's official development list as of August 2025 reflects the current proposal as 409 units across two 31-story towers. The project is currently subject to administrative site plan review and does not yet appear to have final approval.

The property was reportedly 95% leased at the time of acquisition, highlighting the demand and value of the location. Redevelopment in this case is less about stabilizing occupancy and more about unlocking higher value through ownership units on waterfront land. Related Group has a track record in the Aventura area, including its Viceroy condo development in partnership with BH Group, giving added credibility to its plans.

The proposed transformation of Arium Lincoln Pointe from rentals to condos illustrates a broader trend in South Florida: developers repositioning aging but well-located multifamily assets into higher-margin ownership products. With strong demand for luxury condos in waterfront areas and zoning already in place, this redevelopment could reshape a key part of Aventura's residential landscape.

Miami Condo Lifestyle

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To see which residences are currently available for sale or rent contact the Miami Condo Lifestyle team at (305) 321-7043 for up to the minute information. Join us in Paradise, live life with a view and enjoy the Miami Condo Lifestyle!