MIAMI—Founded by childhood friends David Arditi, Tim Gordon, and Joshua Benaim—each with generations of real estate experience—Aria Development Group is moving and shaking in Miami Beach. The company is snapping up properties on the left and developing properties on the right.

In part one of this exclusive interview with Benaim, we discussed his take on Miami Beach retail. In part two we're diving in to the firm's strategy.

GlobeSt.com: Who are your target markets for this retail?

Benaim: We think a fashion tenant that wants to establish or expand an international presence would be interested in our retail offerings on Collins Avenue.

GlobeSt.com: What do you plan to do with the apartments above the retail space at 727 Collins Avenue?

Benaim: We plan to continue to manage them and benefit from the long term strength of the neighborhood.

GlobeSt.com: How is the improving housing market affecting the retail market?

Benaim: Housing and retail are symbiotic and we think a healthy pedestrian neighborhood creates a good atmosphere for both retail and residential. We like to find opportunities for creative repositioning in both sectors, sometimes in the same building.

GlobeSt.com: Why does Aria Development group excel at complex transactions? Do you plan to enter other segments of the commercial market?

Benaim: We like to find value in assets that require creativity and repositioning. We are collectively experienced in many aspects of real estate from historic restoration to luxury development to non-performing loans so we are comfortable navigating complexity both at the asset level and in capital structure.