Business

Aventura Mall owners have bought a competitor next door. See 5 takeaways

Shopping in Aventura is about to get easier for everyone. Aventura Mall’s owners just bought the next-door Esplanade — now renamed The Abbey at Aventura — and shoppers can expect better connections between the two centers.

FULL STORY: A big mall deal in Aventura ends feud between two neighboring shopping centers

Esplanade in Aventura is rebranded The Abbey at Aventura after Turnberry and Simon formed a joint venture to acquire the 219,000-square-foot open-air retail center adjacent to the Aventura Mall in December 2025.
Esplanade in Aventura is rebranded The Abbey at Aventura after Turnberry and Simon formed a joint venture to acquire the 219,000-square-foot open-air retail center adjacent to the Aventura Mall in December 2025. Hero Image

Here are the highlights:

  • The $131 million deal ends years of rivalry and lawsuits between the two shopping complexes.
  • Shoppers used to struggle with confusing parking lots and awkward walks just to get from one center to the other.
  • The Abbey at Aventura has over 40 shops and restaurants, including new places and some favorites that moved from the mall.
  • Even though the two centers now have the same owners, each will keep its own identity and name.
  • Plans are underway to improve walkways and entrances, making it much simpler to enjoy both spots in one trip.

The summary points above were compiled with the help of AI tools and edited by journalists in the Miami Herald newsroom. The full story in the link at top was reported, written and edited entirely by Miami Herald journalists.

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