Real estate and hospitality visionaries Robert Rivani, founder and President of Black Lion, in partnership with Mathieu Massa, Founder and CEO of Massa Investment Group, are under contract to acquire one of the most significant office buildings in Miami Beach for $82 million. Serving as the former headquarters of Starwood Capital, the building has been primarily vacant since the company exited in 2022. Black Lion and Massa Investment Group have plans to invest millions to overhaul and breathe new life into the property.
Located in the heart of the South Beach historic district, the property occupies a coveted corner at 1601 Washington Avenue, allowing for ocean-level views of the beach and scenic Miami skyline. Encompassing a sprawling 140,000 square feet, the versatile mixed-use development comprises ground-level retail spaces plus an expansive 499-space parking garage. The 8-story building sits steps away from the iconic Lincoln Road Mall, ensuring effortless access and walkability to a wealth of restaurants, shopping, and hotel options.
“Black Lion has a track record for transforming properties into prime assets by being creative and coloring outside of the lines. Our vision for this space is next level,” said Rivani. “With the migration of companies and wealth from cities like Los Angeles, New York and Chicago to South Florida, there is an undeniable need for elevated, world-class office space. We plan to deliver a one-of-a-kind hospitality office and retail experience that the area has never seen before.”
"Teaming up with Robert Rivani and Black Lion on this groundbreaking Miami Beach acquisition is an exciting step forward in our journey to redefine luxury living and workspaces,” said Mathieu Massa. “This property at 1601 Washington Avenue holds immense potential, and our vision is to transform it into an unparalleled, world-class office and retail destination that South Florida has long been yearning for. We're here to bring innovation, creativity, and a touch of visionary flair to this iconic space."
Jeremy Hakala and Clay Sidner with Newmark brokered the deal. The property is expected to close at the end of the year.
