Black Lion Investment Group Acquires Bayfront Amara at Paraiso Property For $12.1 Million From Related Group
The Los Angeles-based Black Lion Investment Group has acquired the trophy waterfront restaurant building Amara at Paraiso, located at 3101 NE 7th Ave., from Related Group. The deal was overseen by Fabio Faerman and Sebastian Faerman of FA Commercial with Fortune International Group,
The Los Angeles-based Black Lion Investment Group has acquired the trophy waterfront restaurant building Amara at Paraiso, located at 3101 NE 7th Ave., from Related Group. The deal was overseen by Fabio Faerman and Sebastian Faerman of FA Commercial with Fortune International Group, who represented both Black Lion and Related Group in the transaction. Amara at Paraiso is a 12,300 SF commercial property and is one of the only free-standing restaurants in Miami located directly on Biscayne Bay. James Beard Award winning chef Michael Schwartz’s Genuine Hospitality operates the popular indoor-outdoor dining space.
“We are thrilled to be a part of the vibrant retail and fine dining experiences that are making Miami the go-to destination in a post COVID-19 world. We believe this is the first step in a multi-faceted approach to creating new experiences within the Miami community,” said Robert Rivani, President of Black Lion Investment Group.
The unique Class A experiential retail and dining facility was built by Related Group as part of the 11-acre Paraiso District, which the development firm delivered in 2018. The Paraiso District consists of the 384-unit Paraiso Bayviews, the 357-unit Paraiso Bay, the 317-unit Gran Paraiso, the 276-unit One Paraiso, and seven standalone townhomes at Paraiso Bay Homes.
Black Lion Investment Group’s portfolio of properties in Florida includes the recently renovated Crystal Cove Commons and Brickell Bay Boardwalk. The Los Angeles-based firm recently acquired the Tucson luxury retail center Oracle Wetmore for $38 million.
Imagery via Genuine Hospitality Group
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Related Group Announces Paraiso District Is Over 97% Sold As Project Nears Completion
Related Group has announced that the Paraiso District, an 11-acre, four-tower luxury development taking shape on Biscayne Bay in Edgewater, is now 97% sold-out. A number of A-list celebrities have already purchased units in the development, including David Guetta, Alex ‘A-Rod’ Rodriguez, Gael Monfils, and more.
Related Group has announced that the Paraiso District, an 11-acre, four-tower luxury development taking shape on Biscayne Bay in Edgewater, is now 97% sold-out. A number of A-list celebrities have already purchased units in the development, including David Guetta, Alex ‘A-Rod’ Rodriguez, Gael Monfils, and more. Paraiso District consists of the 384-unit Paraiso Bayviews, the 357-unit Paraiso Bay, the 317-unit Gran Paraiso, the 276-unit One Paraiso, and seven standalone townhomes at Paraiso Bay Homes. The project is is expected to be delivered during the course of this year (2018), with closings on the 53-story, sold-out Paraiso Bay beginning this month.
“The Paraiso District is by far one of the most ambitious projects in our portfolio,” says Carlos Rosso, President of The Related Group’s Condominium Division. “The project brings together the best of all Miami has to offer: prime waterfront access, unrivaled culinary offerings, world-class art, a bayfront park, unparalleled health and fitness amenities and striking, expansive residences with spectacular water views. This incredible combination provides buyers with the opportunity to experience the best in resort-style living, while also embracing a walkable, community feel. It’s truly unlike anything else in Miami.”
The final tower in the District, Gran Paraiso, topped off earlier this year; with a select number of prime units still available, starting at just under $1 million to $1.7 million for the tower residences and penthouses from $2 to $3 million. The expansive tower residences feature 10’ ceilings, wraparound terraces and are delivered completely finished with a selection of flooring finishes. Indoor-outdoor spaces throughout the Paraiso District celebrate the tropical, bayside environment, with floor to ceiling windows and open concept floor plans. Resort style amenities include Miami’s largest circular pool, at close to 100 feet in diameter, a pool deck designed by Enzo Enea, a bowling alley, tennis center, wine and yoga rooms, and spa. The Paraiso District encompasses nearly 4,000,000 gross square feet of premium waterfront with a public park and multiple pocket parks, boat slips, seven pools, five tennis courts, open-air art installations, and direct access to the Biscayne Line.
Earlier this year, Amara at Paraiso opened on the ground floor of the Paraiso District's private beach club, with delectable dinners and weekend brunches. Amara at Paraiso is the newest restaurant from James Beard Award-winning chef and restauranteur Michael Schwartz. The bayfront restaurant is designed by Meyer-Davis and notable for its unobstructed views of Biscayne Bay, the beach club features a plunge pool, private boat slips and jet skis, canoes, kayaks and paddle boards for residents.
Amara at Paraiso Unveiled, Michael Schwartz' New Edgewater Restaurant in Edgwater's Paraiso District
Amara at Paraiso has finally been unveiled by Michael Schwartz as their new concept in Edgewater at Related Group's new Paraiso district. Amara at Paraiso will feature bayfront dining with cuisine that is an ode to Michael Schwartz's "love letter to Miami" with a menu featuring tropical items from their wood grill and Josper charcoal grill oven with influence from coastal and Latin American cuisine including meats, fish, and grilled flatbreads. Amara at Paraiso will open in November 2017 in the 4,500 SF Paraiso Beach Club and will feature a main dining room and bar with seating for 150 and patio seating for 70 directly on Biscayne Bay. The Paraiso Beach Club is being designed by Mayer Davis Studio and is located at 3101 NE 7th Avenue.
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