Receiver Alan Fine has been appointed to manage the troubled 1212 Aventura mixed-use development following the removal of more than a dozen office condo owners from the property earlier this year.
Miami-Dade Circuit Court Judge Thomas Rebull signed an order on Tuesday placing Fine in charge of Medical District Developments, the entity behind 1212 Aventura at 21290 Biscayne Boulevard. The project, which is nearly finished, includes a senior living facility with 163 apartments, 39 office condos totaling almost 26,000 square feet, and about 30,000 square feet of retail space.
The appointment comes amid a foreclosure case against Medical District Developments brought by a lender affiliated with Dornin Investment Group of Las Vegas. The complaint alleges that Medical District Developments defaulted on a $49.6 million mortgage. The company is currently managed by David Avan in Miami.
From November to January, Medical District Developments sold 25 office condos for $9.4 million combined, with individual units priced between $164,100 and $1.1 million. After acquiring their units, buyers were required by the city of Aventura to vacate in May due to expired permits and certificates needed for occupancy.
Miguel Chamorro, attorney for Medical District Developments, declined to comment on the situation.
“We felt the court’s appointment of a receiver was necessary to protect and stabilize 1212 Aventura,” said Victor Sanabria, attorney for Dornin Investment Group’s affiliate. “We believe it will safeguard the property’s value and put the project back on track.”
The foreclosure also names Rieber Developments—the project manager based in Aventura—and thirteen contractors as defendants due to liens totaling nearly $1 million for allegedly unpaid work. Arquitectonica designed the building; its lien is among those listed. Bernardo Rieber, CEO of Rieber Developments, previously stated that his firm and others are owed money.
“We are pleased the court entered the order,” said Glen Waldman, attorney for Rieber Developments. “Things will now get attended to properly, which will benefit all parties.”
Fine has experience handling receiverships involving commercial properties facing foreclosure in South Florida. In 2023 he was briefly retained by investors in Location Ventures but stepped aside after federal regulators sued that firm and its founder over alleged investor fraud.
Recently Fine was named receiver over another distressed development site along Miami River valued at $18 million.
Judge Rebull’s order notes that without renewed permits or temporary occupancy certificates no one can legally occupy or complete construction at 1212 Aventura—which remains about ninety percent finished.
The planned assisted living facility is not operating despite projections it could generate over $7 million annually; remaining office condo buyers cannot close on their purchases until compliance issues are resolved.
Meghhaa Kumaarr represents seventeen displaced office condo owners who support Fine’s appointment: “This means the receiver will now be able to move forward with getting the master permit and the temporary certificate of occupancy reinstated so that they can go back into their units,” Kumaarr said. “Our clients have not been able to conduct their business, but they are still paying mortgages on their units. It’s been very disruptive.”
