Arium Lincoln Pointe Redevelopment: Related Group & 13th Floor Plan Twin Condo Towers in Aventura
September 26, 2025
Arium Lincoln Pointe redevelopment is underway as Related Group and 13th Floor Investments move to transform the waterfront apartment complex in Aventura, Florida, into a high-end condominium project.
The development duo purchased the 8.77-acre property at 17900 NE 31st Court in Aventura in January 2025 for $82.5 million through their affiliate, 13P AA Owner LLC. The acquisition was backed by a $58 million loan from Madison Realty Capital. Originally built in 1991, Arium Lincoln Pointe consists of 285 fully leased rental apartments, with occupancy reported at 95% when the sale closed.
From Rentals to Luxury Condos
Initial concept plans by Arquitectonica, filed in February 2025, envisioned two 32-story towers with 453 condos and more than 51,000 square feet of amenities — including pools, pickleball, tennis and padel courts, private terraces, and over 1 million square feet of total development space.
By July, attorney Michael Marrero filed a revised application scaling the project to 409 units across two 31-story towers. While smaller than the original proposal, the updated design stays within Aventura’s pre-approved density from a 2006 settlement, which permits up to 460 units and 35 stories.
Market Trends & Related Group’s Track Record
This redevelopment strategy reflects a growing South Florida real estate trend: converting older, well-located rental communities into higher-value condominium projects. It aligns with Aventura’s strong luxury condo market and takes advantage of waterfront land with established zoning.
Related Group has a proven track record in Aventura, including the Viceroy Residences Aventura, developed with BH Group. Their success with other high-profile projects strengthens confidence in the Arium Lincoln Pointe redevelopment.
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