Turnberry Simon Expand Aventura: 7 Proven Turnberry and Simon Expand Aventura Mall with $131M Purchase: What It Means

What Does This Acquisition Mean for the Miami Real Estate Market?

Aventura Mall owners Turnberry and Simon Property Group have acquired an adjacent office and retail complex for 1 million. This acquisition marks a significant expansion of their presence in the Miami real estate market.

Turnberry Simon Expand Aventura helps improve planning, consistency, and publishing quality when teams follow a repeatable workflow.

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var(–wp–preset–gradient–midnight) !important;}.has-small-font-size{font-size: var(–wp–preset–font-size–small) !important;}.has-medium-font-size{font-size: var(–wp–preset–font-size–medium) !important;}.has-large-font-size{font-size: var(–wp–preset–font-size–large) !important;}.has-x-large-font-size{font-size: var(–wp–preset–font-size–x-large) !important;}”,”type”:”list”,”__typename”:”StyleItem”}],”post”:{“id”:”cG9zdDoxMDAzMTQx”,”databaseId”:1003141,”title”:”Aventura Mall owners Turnberry and Simon grow holdings with $131M purchase of Esplanade project”,”status”:”publish”,”slug”:”turnberry-simon-expand-aventura-mall-with-131m-purchase”,”uri”:”/miami/2025/12/01/turnberry-simon-expand-aventura-mall-with-131m-purchase/”,”link”:”https://therealdeal.com/miami/2025/12/01/turnberry-simon-expand-aventura-mall-with-131m-purchase/”,”dateGmt”:”2025-12-01T16:41:54″,”contentTypeName”:”post”,”contentFiltered”:”u003cpu003eAventura Mall owners Turnberry and Simon Property Group are taking over an adjacent office and retail complex that was previously home to a Sears store.u0026nbsp;u003c/pu003enu003cpu003eAventura-based u003ca href=”/national/nashville/2024/01/15/turnberry-plans-st-regis-hotel-condo-tower-in-nashville/”u003eTurnberryu003c/au003e, led by Jackie Soffer and Indianapolis-based u003ca href=”/miami/2025/06/27/swire-sold-brickell-city-centre-for-512m-to-simon/”u003eSimonu003c/au003e, led by CEO David Simon, bought the previously named Esplanade at Aventura, a 219,000-square-foot mixed-use project at 19505 Biscayne Boulevard, according to a press release. New York-based Seritage Growth Properties, led by interim CEO Adam Metz, sold the property for $131 million, a source confirmed. Bloomberg first reported the deal.u0026nbsp;u003c/pu003enu003cfigure class=”wp-block-image size-full”u003eu003cimg loading=”lazy” decoding=”async” width=”1600″ height=”1000″ src=”https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL.jpg” alt=”” class=”wp-image-1003152″ srcset=”https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL.jpg 1600w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-300×188.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-700×438.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-200×125.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-768×480.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-1024×640.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-1400×875.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-ADDTL-50×31.jpg 50w” sizes=”auto, (max-width: 1600px) 100vw, 1600px” /u003eu003cfigcaption class=”wp-element-caption”u003e(Google Maps)u003c/figcaptionu003eu003c/figureu003enu003cpu003eTurnberry and Simon rebranded the project to the Abbey at Aventura, which is directly next to Aventura Mall at 19501 Biscayne Boulevard.u0026nbsp;u003c/pu003enu003cpu003eCommercial brokers once projected the mixed-use project could fetch roughly u003ca href=”/miami/2022/07/25/after-overcoming-construction-delays-esplanade-at-aventura-could-fetch-200m-brokers-say/”u003e$200 millionu003c/au003e when Seritage first explored a potential selloff amid a broader portfolio disposition plan in 2022.u0026nbsp;u003c/pu003enu003cpu003eSeritage redeveloped the shuttered Sears store at Aventura Mall into the Esplanade, and secured tenants that include Amalfi Llama, Industrious, Jarana, Joey’s Aventura, Lego, North Italia, u003ca href=”/miami/2025/06/23/bridge-industrial-seritage-growth-properties-nab-tenants/”u003ePura Vidau003c/au003e, Pure Barre, STK Steakhouse, Sweetgreen, Tremble and other service and medical users, the release states.​ Miami-based fitness club Anatomy also recently signed a lease for a 26,000-plus-square-foot gym.u0026nbsp;u003c/pu003enu003cpu003eIn a statement, Turnberry principal Harrison Soffer said the ownership team plans to “re-imagine” the property by enhancing programming and pursuing additional innovative retail and experiential brands.​u003c/pu003enu003cpu003eFor Turnberry, the acquisition deepens the firm’s holdings in its hometown. In addition to Aventura Mall, Turnberry owns Town Center Aventura. The firm is also a partner in the SoLé Mia mixed-use community in North Miami and is co-developing an 800-key hotel connected to the Miami Beach Convention Center.u0026nbsp;u003c/pu003enu003cpu003eSimon, a global retail real estate investment trust, primarily owns malls and mixed-use centers across North America, Europe and Asia. ​u003c/pu003enu003cpu003eu003ca href=”/new-york/tristate/2024/05/01/seritage-sells-part-of-albany-mall-for-28m/”u003eSeritageu003c/au003e, which had battled construction liens, tenant litigation and pandemic-related delays at Esplanade before stabilizing leasing, has been in the process of selling down its holdings as part of a shareholder-approved liquidation strategy.u0026nbsp;u003c/pu003enu003cpu003eIn June, Seritage sold a shuttered Sears store at Town Center at Boca Raton to Simon for u003ca href=”/miami/2025/06/12/simon-property-group-pays-23m-for-boca-raton-closed-sears/”u003e$23 millionu003c/au003e.u0026nbsp;u003c/pu003en”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”JV bought the office and retail development previously home to a Sears “,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-12-01T17:02:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003culu003ernu003cli style=”font-weight: 400;” aria-level=”1″u003eu003cspan style=”font-weight: 400;”u003eAventura Mall owners Turnberry and Simon Property Group acquired the adjacent office and retail complex, formerly known as Esplanade at Aventura, from Seritage Growth Properties for $131 million.u003c/spanu003eu003c/liu003ernu003cli style=”font-weight: 400;” aria-level=”1″u003eu003cspan style=”font-weight: 400;”u003eThe 219,000-square-foot project, previously the site of a Sears store, has been rebranded as the Abbey at Aventura.u003c/spanu003eu003c/liu003ernu003cli style=”font-weight: 400;” aria-level=”1″u003eu003cspan style=”font-weight: 400;”u003eThe new owners plan to enhance the property’s programming and pursue additional innovative retail and experiential brands.u003c/spanu003eu003c/liu003ernu003c/ulu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/AsWiVrqVrgTlCxt1Q0E8/AsWiVrqVrgTlCxt1Q0E8.mp3″,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-1400×875.jpg”,”srcSet”:”/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-1400×875.jpg 1400w, /wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-300×188.jpg 300w, /wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-700×438.jpg 700w, /wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-200×125.jpg 200w, /wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-768×480.jpg 768w, /wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-1024×640.jpg 1024w, /wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-50×31.jpg 50w, /wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN.jpg 1600w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eTurnberry’s Jackie Soffer and Harrison Soffer, Simon Property Group’s David Simon, Seritage Growu0026#8230;u003c/pu003en”,”altText”:””,”__typename”:”MediaItem”},”__typename”:”AcfMediaItemConnectionEdge”},”video”:null,”caption”:”Turnberry’s Jackie Soffer and Harrison Soffer, Simon Property Group’s David Simon, Seritage Growth Properties’ Adam Metz and The Abbey at Aventura (Getty, The Abbey at Aventura, Simon Property Group, Turnberry)”,”__typename”:”MainArt”},”featuredImage”:{“node”:{“sourceUrl”:”https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-1400×875.jpg”,”srcSet”:”https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-1400×875.jpg 1400w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-300×188.jpg 300w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-700×438.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-200×125.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-768×480.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-1024×640.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN-50×31.jpg 50w, https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN.jpg 1600w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eTurnberry’s Jackie Soffer and Harrison Soffer, Simon Property Group’s David Simon, Seritage Growu0026#8230;u003c/pu003en”,”altText”:””,”mediaDetails”:{“sizes”:[{“width”:”1400″,”height”:”875″,”__typename”:”MediaSize”}],”__typename”:”MediaDetails”},”__typename”:”MediaItem”},”__typename”:”NodeWithFeaturedImageToMediaItemConnectionEdge”},”__typename”:”Post”,”template”:{“templateValue”:”right-rail”,”__typename”:”DefaultTemplate”},”seo”:{“title”:”Turnberry, Simon Expand Aventura Mall with $131M Purchase”,”fullHead”:”u003c!– This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.1.1) – https://yoast.com/wordpress/plugins/seo/ –u003enu003cmeta name=”description” content=”Turnberry, Simon bought Seritage Growth’s Esplanade at Aventura mixed-use project for $131M” /u003enu003cmeta name=”robots” content=”index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1″ /u003enu003clink rel=”canonical” href=”https://therealdeal.com/miami/2025/12/01/turnberry-simon-expand-aventura-mall-with-131m-purchase/” /u003enu003cmeta property=”og:locale” content=”en_US” /u003enu003cmeta property=”og:type” content=”article” /u003enu003cmeta property=”og:title” content=”Aventura Mall owners Turnberry and Simon grow holdings with $131M purchase of Esplanade project” /u003enu003cmeta property=”og:description” content=”Turnberry, Simon bought Seritage Growth’s Esplanade at Aventura mixed-use project for $131M” /u003enu003cmeta property=”og:url” content=”https://therealdeal.com/miami/2025/12/01/turnberry-simon-expand-aventura-mall-with-131m-purchase/” /u003enu003cmeta property=”og:site_name” content=”The Real Deal” /u003enu003cmeta property=”article:publisher” content=”https://www.facebook.com/therealdealmedia/” /u003enu003cmeta property=”article:published_time” content=”2025-12-01T16:41:54+00:00″ /u003enu003cmeta property=”article:modified_time” content=”2025-12-01T17:02:21+00:00″ /u003enu003cmeta property=”og:image” content=”https://static.therealdeal.com/wp-content/uploads/2025/12/MIA-Turnberry-Simon-expand-Aventura-Mall-with-131M-purchase-of-Esplanade-project-MAIN.jpg” /u003entu003cmeta property=”og:image:width” content=”1600″ /u003entu003cmeta property=”og:image:height” content=”1000″ /u003entu003cmeta property=”og:image:type” content=”image/jpeg” /u003enu003cmeta name=”author” content=”Francisco Alvarado” /u003enu003cmeta name=”twitter:card” content=”summary_large_image” /u003enu003cmeta name=”twitter:description” content=”Aventura Mall owners Turnberry and Simon Property Group are taking over an adjacent office and retail complex that was previously home to a Sears store.u0026nbsp; Aventura-based Turnberry, led by Jackie Soffer and Indianapolis-based Simon, led by CEO David Simon, bought the previously named Esplanade at Aventura, a 219,000-square-foot mixed-use project at 19505 Biscayne Boulevard, according to a press release. New York-based Seritage Growth Properties, led by interim CEO Adam Metz, sold the property for $131 million, a source confirmed. Bloomberg first reported the deal.u0026nbsp; Turnberry and Simon rebranded the project to the Abbey at Aventura, which is directly next to [u0026hellip;]” /u003enu003cmeta name=”twitter:creator” content=”@trdny” /u003enu003cmeta name=”twitter:site” content=”@trdny” /u003enu003cmeta name=”twitter:label1″ content=”Written by” /u003entu003cmeta name=”twitter:data1″ content=”Kevin Cifuentes” /u003entu003cmeta name=”twitter:label2″ content=”Est. reading time” /u003entu003cmeta name=”twitter:data2″ content=”2 minutes” /u003enu003cscript type=”application/ld+json” 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Miami market relevance

If this topic impacts buyers or sellers, the most useful context is what is happening locally. Track current pricing, inventory, and days on market in Miami, and compare active listings by building or neighborhood before making decisions.

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The acquisition is part of Turnberry’s efforts to ‘re-imagine’ the property and enhance programming. For Simon, it deepens their holdings in the local market. What does this mean for buyers and sellers? Let’s break down the implications.

Turnberry Simon Expand Aventura: Practical Checklist

• Confirm scope and audience
• Define the content goal and CTA
• Use clear headings and examples
• Add supporting internal links
• Review before publishing

Most quality issues come from unclear scope and rushed publishing. A simple checklist improves consistency and readability.

Review your introduction, headings, and conclusion to ensure the article matches search intent and provides practical next steps for the reader.

FAQ: Turnberry Simon Expand Aventura

What should be planned first?

Start with the goal, audience, and deliverables so the final content and media support the same outcome.

Need help implementing this workflow? Contact Miami Real Estate Insights & Market Trends to plan a practical content and media process.

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Brickell Sold publishes local market analysis focused on Brickell condos, Miami neighborhoods, South Florida pricing trends, and practical guidance for buyers, sellers, and investors.