Black Lion Investment Group Acquires Commercial Units In South of Fifth's Marea Featuring RED Steakhouse And KoSushi Spaces

Black Lion Investment Group (“Black Lion”) has acquired an entire block of commercial condo units at the base of the iconic Marea building in the heart of Miami Beach’s South of Fifth (“SoFi”) neighborhood. The six-story building at 801 South Pointe Drive was originally developed by the famed Related Group and features 30 luxury residential condos atop the commercial units. Black Lion purchased the 19,100 square feet of premium commercial real estate space for $19,000,000 on December 17, 2021. President and Chief Executive Officer, Fabio Faerman, and Executive Director, Sebastian Faerman, of FA Commercial facilitated the transaction.

Existing tenants include RED Steakhouse, a Miami Beach mainstay for over a decade, and KoSushi, the establishment that debuted the Michelin-starred restaurant in the United States after being awarded the distinction in Brazil upon its opening in 2015. Black Lion has the intent of introducing additional flagship restaurants to the property.

“The entire Miami market has rapidly evolved into the epicenter for fine dining and high-end nightlife experiences over the last several years,” said Robert Rivani, president of Black Lion. “Our objective for the investment in Marea is to invite more fine dining restaurants to this culinary and cultural mecca to further elevate Miami’s reputation on a global scale. We have multiple world-renowned food and beverage concepts in the works and anticipate that even more international and domestic visitors will be attracted not only to our restaurants but to the vibrancy of this burgeoning market overall.”

Other notable restaurants in the SoFi neighborhood include Joe's Stone Crab, Smith & Wollensky, Carbone, Papi Steak, and Estiatorio Milos. Celebrity chef Gordon Ramsey recently announced that he'll be opening his first-ever Miami restaurant, Lucky Cat, just steps from the Marea building.

Black Lion Investment Group Acquires Former Katsuya Space In SLS LUX Hotel & Residences Brickell For $13.5 Million

Black Lion Investment Group has acquired the former Katsuya space in the SLS LUX Hotel & Residences in Brickell from The Allen Morris Company and Related Group for $13.5 million. The 11,412 SF restaurant suite is located at 8 SE 8th St. and includes the S Bar component as well. The space can accommodate up to 180 diners and also features an outdoor patio and an exclusive private dining area. Black Lion Investment Group plans to bring in a world-class flagship restaurant to the space which they expect to open in late 2021 or 2022. The off-market transaction was overseen by Fabio Faerman and Sebastian Faerman of FA Commercial with Fortune International Group.

Black Lion Investment Group is led by Robert Rivani and has spent $38 million in Miami over the past sixty days, including the Wynwood Arcade and Amara at Paraiso. They also own the Brickell Bay Boardwalk where another restaurant concept is planned.

“Miami, and Brickell in particular, is on a trajectory to evolve into the Manhattan of the Southern United States. Black Lion is thrilled to be part of Miami’s growth story by bringing even more world-class food and beverage offerings to Miami’s already thriving dining and nightlife scene,” said the firm’s president, Robert Rivani. “We’re exuberant about redeveloping this prized restaurant space in one of the hottest markets in the country.” Mr. Rivani continued, “When you examine what people are most willing to get out of the house and spend time and money on post-pandemic, it’s largely the hospitality experiences that simply cannot be recreated at home. We’re betting on Miami’s year-round residents and visitors continuing that trend indefinitely, enjoying the unique atmosphere of this cosmopolitan city throughout the year. We’re working to identify the restaurant concept that best complements Brickell’s vibrant, electrifying spirit, whether that’s a flagship location of an existing high-end brand or an entirely new chef-driven vision.”

SLS LUX Hotel & Residences is a luxury hotel-condo tower which was completed in 2018 and co-developed by The Allen Morris Company with Related Group. The developers announced the complete sell-out of the 450-unit luxury tower in February 2018. SLS LUX Hotel & Residences is located just steps from Brickell City Centre in Miami’s Brickell neighborhood at 801 S Miami Ave. The building was designed by Arquitectonica offers a mix of 450 residences and 78 hotel suites that blend exquisite décor by Yabu Pushelberg. SLS LUX Hotel & Residences also features world-class art throughout the building and exclusive lifestyle amenities and services including a spa, gym, lower pool deck, rooftop pool, outdoor theatre, rock climbing wall and tennis court.

Images via The Allen Morris Company

For more information about commercial sales or leasing in Brickell, private showings or availability/ pricing information please fill out the form below: