Ocean Aviation, backed by Kennedy Lewis Investment Management, has broken ground on a new private aviation campus at Miami Executive airport in Florida. The development represents a $67 million capital commitment, which will establish a facility designed to accommodate up to 400,000 sq ft of hangar space across communal and private configurations, a premium terminal and a fuel farm.

Ocean Aviation was established in 2024 with the execution of a 40-year, 40-acre ground lease at Miami Executive, positioning the company to develop one of the most significant new FBO facilities in the southeastern US. Ocean has since expanded its south Florida footprint with the September 2026 acquisition of National Jets at Fort Lauderdale-Hollywood International airport, a Fort Lauderdale FBO with more than 60 years of history. National Jets will continue to operate under its established name, and together KTMB and KFLL form a dual-airport network serving the Miami–Fort Lauderdale metro.

The development serves the growing base of ultra-high-net-worth individuals, corporate flight departments and international private aviation operators across the Miami metro, one of the most supply-constrained and fastest-growing private aviation markets in the US.

The new development will include a fuel farm, an FBO, communal and private aircraft hangars, and the relocation of the Wings Over Miami Air Museum. The project also includes a 32,000 sq ft common-use taxi lane and common-use ramp serving US Customs and Border Protection, creating infrastructure designed to support more efficient aircraft movements and international general aviation operations.

At the centre of the development will be Ocean Aviation's new FBO, envisioned as a modern gateway for private, corporate and general aviation customers using Miami Executive. The facility will be complemented by communal and private hangar space, providing additional aircraft storage and operational capacity. Together, these improvements represent a substantial modernisation of both the airside and landside environment at the airport.

A significant community component of the development will be the relocation of the Wings Over Miami Air Museum to a new home at Miami Executive airport. The museum preserves and displays historic aircraft and aviation artefacts while supporting aviation education and maintaining an important connection to south Florida's aviation history.

The project will be delivered through a design-build model led by Lemartec, with Schenkel Shultz serving as the design partner. The integrated delivery approach brings together aviation planning, design and construction expertise to develop a cohesive facility capable of supporting the specialised operational requirements of a modern FBO and aviation development.

“Ocean Aviation is an incredible vision becoming reality today. Through my career in Formula 1 and Indycar, I've had the chance to work with some of the most brilliant people and what I've learned is that every detail matters, even the smallest ones,” says Romain Grosjean, executive chairman, Ocean Aviation “This is our philosophy and why we want to set new standards for private aviation through exceptional service, thoughtful design and operational excellence. Breaking ground at Miami Executive Airport is a defining milestone for our company; it allows us to create a flagship aviation campus built around the needs of aircraft owners, operators and flight departments, and to set a new standard for the FBO experience in south Florida.”

“This groundbreaking marks a significant milestone in the growth of Miami Executive airport and South Miami-Dade,” continues Miami-Dade County Mayor Daniella Levine Cava. “With this $67 million investment, 40 acres of previously undeveloped airport land will become a state-of-the-art aviation campus that brings even more travellers and businesses to our community. Ocean Aviation's expansion is also expected to create roughly 2,900 construction jobs and 250 permanent positions for our local workforce. I'm proud to welcome Ocean Aviation to Miami Executive and commend its bold commitment to our county.”

“This development reflects our continued conviction in the south Florida market and our commitment to building a world-class FBO platform,” adds David Chene, managing partner, Kennedy Lewis Investment Management. “Durable demand across the region, a 40-year ground lease here at Miami Executive and the airport's growing role as a general aviation port of entry make this a cornerstone asset for the Ocean Aviation platform. With a team on the ground in Miami and a platform that now includes National Jets in Fort Lauderdale, we're proud to partner with Miami-Dade County in building infrastructure that will drive jobs and economic growth across South Florida for decades to come.”

“It is a privilege for Lemartec and the MasTec General Building Group to continue supporting Miami-Dade County and the Miami-Dade Aviation Department while helping bring Ocean Aviation's vision to life,” concludes Manny Garcia-Tuñón, group president, Lemartec. “After delivering critical public infrastructure projects across the county, we are proud to partner on this transformative private investment. Ocean Aviation is setting a new standard for private aviation through innovation, service, and operational excellence, and we are honoured to help build a facility that will shape the future of aviation in Miami.”