Esplanade at Aventura Locks in 17 New Tenants, Spanning 55K SF

Key Points

• 17 new leases signed for ~54,800–55,000 SF—the largest wave since its late‑2023 debut.

• Major tenants include Pura Vida Miami, Starbucks, Anatomy Fitness, Salt & Straw, Tremble, Bank of America, Hästens, and Next Health.

• Now over 40 tenants, the 215,000‑SF Seritage‑developed open‑air center continues expanding its curated lifestyle mix. 

The Esplanade at Aventura, an open‑air retail and lifestyle hub by Seritage Growth Properties next to Aventura Mall, has just signed 17 new leases covering roughly 55,000 SF—marking its most significant leasing roundup since opening in late 2023. This milestone reinforces its appeal amid South Florida’s competitive retail market, showcasing Seritage’s curated, next‑gen center strategy.

Tenant Mix & Appeal

• Restaurants & F&B:

  • New: Pura Vida Miami (fall), Salt & Straw (fall), Starbucks (fall), Tremble (June)

  • Recently opened: The Salty Donut, Chip City, The Shade Store.

• Health & Wellness:

  • Anatomy Fitness (~25,500 SF, late 2025), Next Health (fall), Wairua Beauty (fall).

• Financial Services & Retail:

  • Bank of America (~4,653 SF, June), Hästens (~1,818 SF, July), The Keys Co., 7th Avenue, Lola + The Boys, Feulard Lab (spring 2026).

Leasing Momentum & Strategic Positioning

• With more than 40 tenants now operating, Esplanade is rapidly establishing itself as a 360-degree lifestyle destination, combining retail, dining, wellness, entertainment, and services.

• The center, built on a former Sears site, spans 215,000 SF of experiential space and sits in one of South Florida’s strongest trade zones—benefiting from ~31 million annual visitors and affluent demographics.

• Seritage’s hand‑picked tenant strategy balances national draws (Starbucks, Bank of America) with high‑end experiential concepts (Anatomy Fitness, Salt & Straw, Pura Vida Miami).

What Investors & Brokers Should Note

• Foot traffic & momentum: The diversity of offerings—dining, fitness, beauty, banking—creates cross‑driver appeal, boosting visitation and tenant stickiness.

• Competitive edge: Situated next to Aventura Mall, Esplanade sets itself apart via open‑air design and curated experiences not typical in conventional malls.

• Pipeline visibility: Most new tenants are set to open through 2025 into early 2026, maintaining leasing momentum and limiting downtime.

• Seritage’s track record: As a REIT born from Sears asset repurposing, Seritage brings national development expertise, indicating investor confidence in this project—reinforced by its ongoing asset monetization and capital strength.

Esplanade at Aventura’s fresh leasing surge—55,000 SF added across 17 tenants—affirms Seritage’s vision of a next‑gen lifestyle center in one of the nation’s top retail corridors. For CRE investors, this signals not just solid demand, but a blueprint for mixed-use retail success: blending national anchors with unique experiences, anchored in strong demographic and tourist fundamentals.