RIVANI Acquires $23 Million Palm Island Waterfront Estate, Plans Landmark Multi-Million Transformation

Robert Rivani, Founder of disruptive real estate firm RIVANI, has acquired a premier waterfront estate on Miami Beach’s exclusive Palm Island for $23 million. The property is set to undergo a multi-million-dollar transformation into one of the island’s most prestigious private residences.

Located at 16 Palm Avenue, the estate spans a 35,348-square-foot lot that showcases approximately 220 feet of prime, south-facing waterfront capable of accommodating yachts up to 205 feet. Set within the coveted, police-guarded Palm Island community, the property offers a rare blend of privacy, security, and unobstructed bay views.

“Our vision is to create a legacy property that is timeless and exceeds the expectations of today’s luxury buyer on every level,” said Robert Rivani, Founder of RIVANI. “Our commitment to uncompromising quality and transformative luxury spaces is reflected in all of our projects, and will be incorporated into every aspect of this home.”

Drawing influences from the world’s finest resorts and properties, Rivani will reimagine the estate as a South of France-inspired sanctuary blending the timeless elegance of the Mediterranean layered with architectural intimacy and the distinctive character of Miami. The design will incorporate the highest caliber organic materials and finishes, taking cues from the bay and lush outdoors with every element thoughtfully executed to deliver an exceptional living experience.

Dina Goldentayer of Douglas Elliman represented Rivani for the transaction, while Luis Bosch of Venetian International held the listing.

“Originally listed at $32.5 million, Robert acquired this estate at a significant discount, a testament to his ability to identify undervalued properties and unlock their true potential,” said Goldentayer. “The property has it all–scale, pedigree, location, and breathtaking water frontage—all exceedingly rare in Miami’s highly competitive luxury market. With Robert’s visionary approach, it’s destined to become a true legacy estate.”

RIVANI continues to disrupt traditional real estate by transforming hospitality, retail, and office properties into vibrant, lifestyle-driven destinations. With over $1 billion in real estate transactions executed independently, the firm’s portfolio includes an iconic roster of projects including a landmark ‘Class X’ luxury office building The RIVANI on Miami Beach, which attracted Playboy Enterprises as a marquee penthouse tenant. The firm is also behind the recent $37 million acquisition of the historic Lincoln Theatre building, acclaimed waterfront destinations including the upcoming GAIA, and the fully leased Wynwood Jungle and 325,000-square-foot regional power shopping center The Gardens in New Jersey.

Images via Legendary Productions/ Dina Goldentayer

For more information about RIVANI or to inquire about purchasing a home on Palm Island please fill out the form below:

Luxury Health and Wellness Destination Monarch Athletic Club to Launch First East Coast Location at The RIVANI Miami Beach

Monarch Athletic Club, the physician-led wellness destination redefining health and wellness, will open an 8,000-square-foot, state-of-the-art wellness facility at The RIVANI Miami Beach, real estate mogul Robert Rivani’s flagship Class X office building located at 1691 Michigan Avenue. This marks Monarch Athletic Club’s first expansion outside of Los Angeles, where the concept has cultivated a devoted following of health-conscious executives, athletes, and entrepreneurs. Monarch Athletic Club is slated to debut at The RIVANI Miami Beach in 2026.

"Expanding Monarch into Miami is a milestone that excites our entire team. Southern California has been the proving ground for our model — where people value innovation and high performance — but Miami brings a unique energy and an unmatched appetite for community, wellness, and longevity,” said Dr. Ryan Greene, DO, MS – Co-Founder & Medical Director, Monarch Athletic Club. “The culture in Miami is vibrant, global, and deeply connected to health and vitality. It’s the perfect place to expand our ecosystem and introduce more people to a model of care that keeps them well, strong, and thriving. We’re thrilled to build something special here and contribute to Miami’s growing identity as a destination for proactive health and performance."

“Monarch Athletic Club is a game changer for Miami’s wellness scene,” said Robert Rivani. “Their innovation and elite level of services represents the caliber of tenants we are curating at The RIVANI, and aligns with our vision of a workplace designed around lifestyle and wellbeing. This is the future of office, and arguably the most significant amenity of any South Florida office building.”

Monarch Athletic Club is redefining health care delivery through a fully integrated model that combines medicine, fitness, and recovery under one roof. Members receive access to a dedicated team of physicians, nurse practitioners, strength coaches, nutritionists, and physical therapists who deliver coordinated, data-driven programs focused on prevention rather than treatment. Each member completes a comprehensive in-house medical evaluation and quarterly follow-ups that include physical therapy, strength, and nutrition assessments to ensure measurable progress and long-term optimization.

Monarch provides unlimited personal training, physical therapy, IV therapy, concierge longevity medicine, hormone and peptide optimization, and advanced recovery modalities such as ice baths and infrared saunas — all curated to maximize member outcomes and extend healthspan. By uniting these disciplines in one seamless membership experience, Monarch is creating a scalable, next-generation model for proactive, preventative health.

Founded by Dr. Ryan M. Greene, DO, MS and Paul Freschi, Co-Founder & Director of Performance, Monarch Athletic Club was created to redefine modern wellness through a proactive, performance-driven approach. The brand’s mission is to empower members to take control of their long-term health while optimizing daily performance and longevity to thrive both inside and outside the gym.

The arrival of Monarch Athletic Club to Miami Beach underscores Rivani’s Class X vision, an entirely new standard of office development that integrates luxury design, cutting-edge technology, and hospitality-level services. Designed by the acclaimed Rockwell Group, The RIVANI Miami Beach embodies the energy and exclusivity of a five-star resort, establishing a new global benchmark for office space.

Images via The Rivani Miami Beach

For more information about The Rivani Miami Beach, Monarch Athletic Club or to connect with RIVANI fill out the form below:

RIVANI Closes Landmark $19.8 Million Sale of Waterfront Amara at Paraiso Restaurant Space in Edgewater

Robert Rivani, commercial real estate and hospitality visionary and Founder of RIVANI, has that the company has sold the waterfront restaurant space currently leased to acclaimed restaurant Amara at Paraiso by Michael Schwartz for $19.8 million.

“As one of my first hospitality acquisitions in South Florida, this property set the tone for what was possible,” said Rivani. “The space is one of Miami’s most beautiful waterfront assets and will always hold deep meaning for me. With this milestone, my focus is on creating the next generation of lifestyle experiences that will continue to elevate the city’s hospitality and office landscape.”

Completed in 2018, the two-story 12,316-square-foot space sits at 3101 N.E. 7th Avenue in Miami’s vibrant Edgewater district and is home to Amara at Paraiso, the celebrated Latin American restaurant from The Genuine Hospitality Group led by James Beard Award-winning chef and restaurateur Michael Schwartz. Rivani purchased the property in 2021 for $12.1 million. The indoor-outdoor waterfront venue features a main dining room and bar with seating for 150, floor-to-ceiling windows with sweeping Biscayne Bay views, and deck seating for 70 guests directly on the water. The property’s central location offers excellent connectivity to all major submarkets in eastern Miami via Biscayne Boulevard, Interstate-195, the MacArthur Causeway, Interstate-95, Interstate-295 and the Dolphin Expressway.

JLL Capital Markets Senior Managing Director Alex Sharrin, Director Jeffrey Cicurel and Analyst Noel O’Donnell represented RIVANI in the transaction.

RIVANI has amassed more than $250 million in prime South Florida assets in recent years, with a portfolio that includes acclaimed destinations including the upcoming GAIA, the fully leased Wynwood Jungle, and RIVANI, a transformative ‘Class X’ office building undergoing a $100 million redevelopment. In 2025 alone, RIVANI has made headlines with a series of record-breaking deals, including securing Playboy’s global headquarters, acquiring the historic Lincoln Theatre for $37 million, selling Catch Miami Beach for $28.2 million, and completing a $38.25 million all-cash sale of two premier restaurant spaces within SLS Lux Brickell and Dua Miami Hotel — one of the year’s most significant hospitality-driven transactions.

Images via Cristianna Duvall & Daniese Betito

RIVANI Acquires Historic Lincoln Theatre Building In Miami Beach for $37 Million

Robert Rivani, commercial real estate and hospitality visionary and President of RIVANI (formerly Black Lion), has acquired the storied Lincoln Theatre building at 551 Lincoln for $37 million–a property famously anchored by H&M. Following the momentum of the announcement that Playboy will relocate their global headquarters to the penthouse at RIVANI’s flagship project at 1691 Michigan Avenue, this latest acquisition further solidifies Rivani’s footprint on Miami Beach and signals a bold new chapter for the city’s most iconic pedestrian promenade.

“This is one of the most iconic properties on Lincoln Road and has the potential to reignite the area as the cultural heartbeat of the city,” said Rivani. “Our continued investment in Miami Beach is a strategic commitment to its long-term future, and 551 Lincoln is a cornerstone of our vision to make Lincoln Road great again.”

Secured at well below market value, the historically designated 1935 Art Deco property spans 35,240-square feet and is currently 98% leased to a premier tenant roster, including H&M, Swatch, Chilli Beans, and Tapelia Spanish Cuisine. H&M occupies approximately 84% of the building, operating its flagship Miami Beach store, while Swatch recently completed a full renovation and reopened in July of this year.

The property has received nine prestigious awards across global, national, state, county, and local levels, including the highly coveted ULI Visionary Project of the Year Award. With ongoing development and anticipated zoning changes in and around Lincoln Road, demand for prime retail and hospitality locations in the area continues to rise. The sale was brokered by JLL’s Danny Finkle and Evan Larh.

Rivani has amassed over $250 million of prime South Florida assets over the past few years, with $150M invested in Miami Beach alone. His holdings include acclaimed destinations including Amara at Paraiso, the upcoming GAIA, the fully leased Wynwood Jungle, and RIVANI, a transformative ‘Class X’ office building. This year alone, he made headlines with a string of record-breaking deals, including the Playboy lease announcement, the $28.2 million sale of Catch Miami Beach—setting a Florida record for a freestanding restaurant—and a $38.25 million all-cash sale of two premier restaurant spaces within SLS Lux Brickell and Dua Miami Hotel, marking one of 2025’s most significant hospitality-driven transactions.

Images via RIVANI and Anna Osborn

Playboy To Relocate Global Headquarters to RIVANI Miami Beach

Robert Rivani, the commercial real estate and hospitality visionary known for disrupting traditional asset classes and transforming them into headline-making destinations, announced that Playboy has signed a lease at his flagship project, RIVANI at 1691 Michigan Avenue.

The new RIVANI Miami Beach building—Rivani’s $100 million “Class X” office redevelopment—will serve as Playboy’s headquarters. Located adjacent to Lincoln Road, the project redefines the workplace by blending five-star hospitality, curated wellness, and elevated design, setting a new benchmark for commercial office buildings.

“Securing a top-tier, globally recognized company like Playboy underscores the level of prestige and energy we are bringing to RIVANI Miami Beach, and we are excited for the world-class brands that will join them,” says Robert Rivani.

The announcement coincides with Rivani’s debut of his company’s rebrand from Black Lion to RIVANI — showcasing a commitment to creating revolutionary environments where hospitality, design, wellness, and service converge at the highest level.

“The rebrand is a pivotal moment for us—it reflects who we are today and where we’re headed,” says Rivani. “Black Lion laid the foundation, and RIVANI is the evolution. We’re continuing to disrupt the industry with a timeless, elegant and intentional approach to lifestyle-driven experiences.”

Designed by the award-winning Rockwell Group and inspired by Rivani’s hospitality experience, RIVANI Miami Beach offers elevated amenities including a full-service concierge, valet, world-class spa, fitness and wellness center, meditation room, Omakase restaurant, speakeasy, living room-style meeting spaces, and private event venues.

Rivani has amassed nearly $200 million of prime South Florida assets over the last 10 years, anchored by some of Miami’s most sought-after restaurant and retail spaces. His holdings include marquee destinations such as Amara at Paraiso, the upcoming GAIA, and the fully leased Wynwood Jungle. This year, he made headlines with a string of record-breaking deals, including the $28.2 million sale of Catch Miami Beach—setting a Florida record for a freestanding restaurant—and a $38.25 million all-cash sale of two premier restaurant spaces within SLS Lux Brickell and Dua Miami Hotel (formerly SLS Brickell), marking one of 2025’s most significant hospitality-driven transactions.

Images via RIVANI Miami Beach

Robert Rivani's Black Lion Investment Group Sells Restaurant Space Occupied by CATCH in South Beach For Record $28.2 Million

Black Lion Investment Group, led by Robert Rivani, has sold one of their trophy assets in Miami Beach’s highly sought after South of Fifth neighborhood for $28.2 million to Texas-based investor River Oaks Properties, led by its President Adam Frank. Purchased in 2022 for $11.5 million, Black Lion strategically acquired the location at 200 South Pointe Drive and within weeks signed a 15-year lease to bring in CATCH, one of the most renowned dining destinations in the country. The transaction marks the highest value attributed to a freestanding restaurant property in Florida’s history, showcasing the demand for irreplaceable assets in Miami’s exclusive South of Fifth neighborhood.

“We are proud to have played a key role in bringing a world-class tenant to one of Miami’s most iconic neighborhoods. CATCH has elevated the city’s dining scene, and we are grateful to their team for placing their trust in us and our property,” said Rivani. “This deal underscores the resilience and growth potential of the restaurant industry in the South Florida market.”

CATCH first opened its doors in New York City's Meatpacking District in 2011. Its Miami outpost, which debuted last summer, offers an impressive 23,000-square feet of space. The restaurant showcases a mix of indoor dining and an outdoor rooftop space, designed by Rockwell Group.

JLL Capital Markets' Alex Sharrin and Jeffrey Cicurel represented Black Lion in the transaction, and procured the buyer represented by Pegasus Investment's David Chasin and Daylin Ackerman.

“CATCH Miami Beach represents a rare fusion of a critically acclaimed dining operator, underpinned by credit, and positioned amidst some of the most coveted real estate in the country – Miami Beach’s South of Fifth neighborhood,” Sharrin added.

Black Lion’s portfolio includes an impressive array of hospitality-driven properties with tenants including Gekko, Amara, Rosa Negra, and the upcoming GAIA. Rivani recently cemented his bullish run on Miami by purchasing a 160,000-square foot office building at 1691 Michigan Ave in April 2024. Coined ‘The Rivani’, the hospitality visionary plans to transform the office building into a Class X space showcasing features you would find at an exclusive 5-star hotel including a concierge, spa, meditation room, fitness center, salon, cafe, and a Japanese restaurant and speakeasy.

“Miami continues to solidify its status as a world-class, thriving city and we are proud to play a part in its evolution,” said Rivani. “We are excited to soon unveil an incredible lineup of tenants who will be joining ‘The Rivani’ this year.”

Acclaimed Mexican Hospitality Brand RosaNegra Makes Its U.S. Debut

Grupo RosaNegra, the acclaimed Mexican hospitality group celebrated for its blend of elevated Latin American cuisine and high-energy dining experiences, has announced the opening of its first U.S. location in Miami’s Brickell district. The new RosaNegra restaurant is situated in the Dua Miami, Autograph Collection Hotel, formerly the SLS Brickell, and will officially open its doors on December 4, 2024. The space is owned by Robert Rivani, President of Black Lion.

Renowned for flagship locations in Polanco, Tulum, Cancun, and Los Cabos, RosaNegra has built a reputation as a go-to destination for bold flavors and lively ambiance. The brand has attracted an A-list following, including Karol G, Canelo Álvarez, Eva Longoria, and David Beckham, and its Miami debut is poised to bring the same allure to the vibrant heart of Brickell.

RosaNegra Miami’s menu, curated by Executive Chef Omar Martinez, pays homage to the rich culinary traditions of Latin America with influences from Mexico, Peru, Argentina, Colombia, and Brazil. Guests can expect signature dishes like the Lucifer Tomahawk on Fire, Super Colossal Octopus, and Lobster Tacos. The menu also includes a selection of premium beef cuts, including Kobe beef, Japanese wagyu, and USDA prime-quality Argentinian steaks. A variety of appetizers, ceviches, and tiraditos, such as the Burrata con Mole Almendrado and Tiradito de Salmon con Aji Amarillo, round out the offerings.

The beverage program emphasizes Latin America’s diverse spirit culture, featuring creative cocktails and an extensive selection of premium tequilas, mezcals, and Mexican wines. Highlights include the Amazonica, a blend of Brazilian cachaça, coconut liqueur, and avocado; and Luna Clandestina, which incorporates Bacanora, roasted pineapple, and turmeric.

RosaNegra’s ambiance reflects Grupo RosaNegra’s signature style, combining refined dining with a vibrant, late-night atmosphere. The restaurant spans 13,600 square feet, including a 4,600-square-foot outdoor patio adorned with woven basket chandeliers, lush greenery, and plush seating. The modern interior design incorporates warm, earthy tones, wooden elements, and expansive windows, creating a sophisticated yet inviting space. For a more exclusive experience, guests can discover a hidden speakeasy offering expertly crafted cocktails.

Located at 1346 S Miami Ave, RosaNegra will initially open for dinner service daily at 5 p.m., with brunch and lunch service to follow in the coming weeks.

This Miami debut represents Grupo RosaNegra’s first step into the U.S. market, marking an exciting new chapter for the celebrated hospitality brand. With its prime location in Brickell and its unique combination of elevated cuisine and dynamic energy, RosaNegra is set to become a standout dining destination in the city.

Inside PROFILEconnect: A Royal Retreat - Hospitality Real Estate in Miami at Queen Miami Beach

On May 21 PROFILEmiami hosted the sold-out PROFILEconnect: A Royal Retreat An Exploration into Miami Hospitality Real Estate, bringing together Miami’s hottest hospitality real estate developers, owners and operators for a lavish cocktail, PROFILEmiami’s highly-regarded Bespoke Real Estate Networking and panel experience at Mr. Hospitality’s iconic Queen Miami Beach.

The panel explored hospitality real estate in Miami, namely investing in, developing and operating commercial real estate assets with a focus on hospitality including hotels, restaurants, nightclubs, private clubs, golf courses, etc. The panel Miami’s top developers and owners Ronny Finvarb - Finvarb Group, Michael Simkins - E11EVEN Partners / Lion Development, Mathieu Massa - Mr. Hospitality / QUEEN, Alex Witkoff - Witkoff, Robert Rivani - Black Lion Investment Group and moderated by Christian Charre - Berkadia Hotels & Hospitality.

Attendees sipped custom cocktails by E11EVEN Vodka and Esquisito Tequila, plus Bennati Wines and Tripping Animals Brewery, plus indulged in bites of modern Japanese cuisine by Queen’s executive chef Mitchell Hess, while taking in QUEEN’s opulent ambiance, followed by a panel discussion. Attendees included developers Camilo Miguel Jr. Ricardo Dunin, Harvey Hernandez and Pascal Nicolai; as well as real estate celebrities Terek El Moussa and Heather El Moussa. Additionally Miami Beach Commissioner Joseph Magazine and local luminaries Andres Asion, Mike Tamzil and Simon Mass were also in attendance. This was not just a networking event; it was an experience.

Watch the full panel on YouTube:

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PROFILE Exclusive Podcast with Real Estate Investor Robert Rivani of Black Lion Investment Group [Full Youtube Interview]

PROFILEmiami co-founder Demetri Demascus had the exclusive opportunity to sit down with real estate investor the founder and CEO of Black Lion Investment Group, to discuss the South Florida real estate market. We joined Robert at his beautiful home in Miami to discuss how he has taken Miami by storm, successfully investing over $250 million into Miami commercial real estate over the past several years. In this PROFILE Exclusive interview with Robert we explore the current state of the Miami real estate market, what factors are influencing the future of the market, Miami’s culinary and entertainment scene, his investment strategy, portfolio and why he moved his family to the Magic City.

Robert Rivani, President of Black Lion Investment Group, is an American entrepreneur, retail entertainment innovator and real estate visionary. The real estate and hospitality visionary has invested over $250 million into Miami real estate in the past few years and is venturing into the commercial office sector with his largest and most ambitious acquisition to date, the $62.5 million purchase of ‘The Lincoln’ in Miami Beach. Following the acquisition of ‘The Lincoln’ Robert has plans to invest an additional $50 million to reimagine the property into ‘Class X’, an innovative concept that aims to redefine luxury and service standards in the office industry. Named the ‘Rivani’, the reimagination will deliver a meticulously-designed, highly amenitized experiential office and retail property that transcends the standard, mundane office space.

Born in 1990, Rivani sold his first company–a footwear business–for $150,000 when he was only a teenager. From there, he went on to participate in day trading, only to lose most of his earnings. It was this first foray into the stock market that taught him patience and deliberation when it comes to investing. During the economic downturn of 2008 and 2009, Rivani worked at his family’s property management firm. He soon realized that there were opportunities in buying, flipping and re-selling inexpensive buildings in areas in need of development. He began doing this in Georgia, and then expanded to Wisconsin, Illinois and Texas.

Over time, he would perfect his business model and the art of the 1031 exchange. Rivani became increasingly interested in finding vacant or abandoned sites and transforming them into thriving retail and entertainment destinations. Throughout each process, Rivani always made it a goal to create ways to benefit the community. In 2014, Rivani created Black Lion Investment Group. He named it Black Lion because he feels he is the trend-bucking black sheep of the real estate world, and the lion is his favorite animal. To date, the company has transacted on over $500 million in real estate deals across the United States. Year over year, Rivani and Black Lion have consistently doubled their growth.

“I’m not your typical developer and owner, and never wanted to be. We have strong ambitions as a company, and are not afraid to take risks in this burgeoning new climate for entertainment and lifestyle real estate. As we begin to expand our portfolio, we are going to change the way it's done. I don’t follow trends. I want to set them to ensure future success,” says Robert Rivani.

Rivani sees the overlap of retail, entertainment and dining as a new frontier in real estate. Inspired by Miami’s high energy lifestyle, Black Lion presently focuses on entertainment-focused endeavors spanning from Brickell, Edge Water, Downtown, South Beach and all ever-expanding social scenes in South Florida. Through his company, Rivani has recently acquired the restaurant SLS Brickell, SLS LUX tower featuring the hot new restaurant Gekko with famed restaurateur David Grutman, Amara at Paraiso, One Thousand Museum, One Ocean, Marea and Continuum– all high profile restaurant spaces.

Furthermore, Rivani also has also developed a one of a kind property located in the heart of Wynwood, Miami’s famed creative hub. He acquired the property Wynwood Jungle to achieve this dream by dynamically changing the façade, look and feel of the center including building a 10,000 SF rooftop, all of which garnished 100% occupancy within 12 months of acquisition.

Rivani plans to invest another $100+ million into South Florida in the next year, as companies and individuals alike continue to relocate to the area from across the country. Rivani’s plans are certainly not limited to South Florida as Black Lion Investment Group has owned properties in 14 states. A historical and current profitable business model continues to be the retail power centers. Black Lion Investment Group currently owns a 300K+ SF center in New Jersey and a 100K SF center in Arizona. An early riser and a dedicated athlete (namely tennis and basketball), Rivani credits his disciplined routine for part of his success. His interests in life include spending time with his wife, traveling the world, and enjoying culinary adventures. Rivani has recently enjoyed his move to make Miami his primary home.

Meet our Panelists for PROFILE Royal Retreat Hospitality Real Estate in Miami

On May 21 PROFILEmiami is set to take over the iconic Art Deco landmark and Miami hot spot, QUEEN to bring you an exclusive cocktail and exciting panel discussing hospitality  real estate with Miami’s top developers and owners Ronny Finvarb - Finvarb Group, Michael Simkins - E11EVEN Partners / Lion Development, Mathieu Massa - Mr. Hospitality / QUEEN, Alex Witkoff - Witkoff, Robert Rivani - Black Lion Investment Group and moderated by Christian Charre - Berkadia Hotels & Hospitality. The panelists will explore investing in, developing and operating commercial real estate assets with a focus on hospitality including hotels, restaurants, nightclubs, private clubs, golf courses, etc.

Attendees will sip custom cocktails by E11EVEN Vodka, Bennati Wine Esquisito Tequila and Tripping Animals brewing plus indulge in bites of modern Japanese cuisine by Queen’s executive chef Mitchell Hess, while taking in QUEEN’s opulent ambiance, followed by a panel discussion. This is not just a networking event; it's an experience.

Date: Tuesday, May 21 from 5 - 8 PM

Location: Queen Miami Beach, 550 Washington Ave., Miami Beach

Panelists:

• Mathieu Massa, Mr. Hospitality / Queen

• Michael Simkins, E11EVEN Partners / Lion Development

• Alex Witkoff, Witkoff

• Robert Rivani, Black Lion Investment Group

• Ronny Finvarb, Finvarb Group

• Christian Charre, Berkadia Hotels & Hospitality (Moderator)