Real estate investor Robert Rivani’s Black Lion Investment Group has expanded their South Beach holdings with the acquisition of the ground floor restaurant space in One Ocean, a 50-unit luxury condominium building in Miami Beach’s exclusive South of Fifth neighborhood. Rivani paid $12.25 million for the space which offers an indoor area of 10,404 SF and an outdoor area of 3,588 SF. The property is at the intersection of South Pointe and Ocean Drive, surrounded by high-end retail and residential towers including Continuum South Beach and Apogee. Additionally, the property is just a short walk from the South Pointe Park and the beach, with restaurants like Planta, Nikki Beach, Pura Vida, Carbone, Joe’s Stone Crab, Lucky Cat by Gordon Ramsay, Milos, Jia, Intimo, Fogo de Chao, Papi Steak, and Prime 112 just steps away. The transaction was overseen by Fabio and Sebastian Faerman of FA Commercial who represented Black Lion. Rivani plans to bring a world-class restaurant from a global hospitality brand to the space.
“South of Fifth is one of the hottest neighborhoods in the world and we wanted to own another piece of it,” said Robert Rivani. “I have assembled a powerhouse portfolio of fine dining hospitality locations along South Pointe Drive totaling over 50,000 square feet. Our vision is to impact the industry with our foothold in the market and proven track record for conceptualizing unique lifestyle experiences and bringing in global brands–kickstarting a domino effect that will set the precedent for future cities to follow.”
Rivani now controls what he has dubbed “Restaurant Row” on South Pointe Drive which includes roughly 19,000 SF at the nearby Marea which he acquired for $19 million and the 12,000 SF restaurant space at Continuum South Beach for $11.5 million, which announced Catch as their future tenant today.
Rivani specializes in acquisition and ownership of flagship restaurant properties, having quickly expanded his South Florida holdings with the acquisition of over $100 million in commercial real estate assets across South Florida. Black Lion’s recent acquisitions include the restaurant space in Marea which features Kosushi and RED Steakhouse as tenants, the restaurant space in One Thousand Museum, SLS LUX’s restaurant space which now features Gekko by David Grutman and Bad Bunny, Continuum South Beach which today announced Catch as its future tenant, the Amara at Paraiso space which features the bayfront Amara restaurant operated by Chef Michael Schwartz, Wynwood Jungle which will soon welcome Fables Supper Club and the soon-to-open Delilah at the Brickell Bay boardwalk.