Ocean Aviation Breaks Ground on $67.2M FBO at Kendall-Tamiami
Kennedy Lewis-backed Ocean Aviation breaks ground on a $67.2M FBO campus at Kendall-Tamiami, with Lemartec building and a new Wings Over Miami home.
Ocean Aviation, backed by Kennedy Lewis Investment Management, breaks ground September 9 on a $67.2 million flagship FBO campus at Miami Executive Airport in Kendall, the company’s first ground-up build since launching in 2025.
Why it matters
The site is Kendall-Tamiami, not MIA, and that choice is the story for anyone underwriting South Florida general aviation right now. A credit manager’s platform company is putting real construction dollars into a reliever airport that has spent years in the shadow of MIA and Opa-locka, betting that private and international general aviation demand in Miami has outgrown its existing FBO stock. Lemartec is running design-build with Schenkel Shultz as design partner, a pairing developers can watch for how fast an aviation campus of this scope actually moves from groundbreaking to occupancy at a county-owned general aviation airport. For anyone eyeing hangar, MRO or FBO sites in the county’s reliever-airport tier, this is a live comp on deal structure, contractor selection and what a backer like Kennedy Lewis expects the asset to return.
The numbers
The project carries a $67.2 million price tag and will deliver a new flagship FBO, expanded airside and landside infrastructure, and both private and communal aircraft hangars. It includes a 32,000-square-foot common-use taxi lane and ramp built to serve U.S. Customs and Border Protection, aimed at faster international general aviation movements. The campus will also house a new home for the Wings Over Miami Air Museum, according to Business Wire.
What’s next
Groundbreaking is set for September 9, 2026. Ocean Aviation and Kennedy Lewis have not disclosed a construction timeline or completion date in the release reviewed here. Developers tracking Miami-Dade’s general aviation capacity should watch Miami-Dade Aviation Department postings for the underlying lease and construction permits at Miami, which would show the deal’s ground-lease terms and phasing once filed.