Robert Rivani's Black Lion and Mathieu Massa's Massa Investment Group Set To Acquire Former Starwood Capital HQ In Miami Beach For $82 Million

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.

Finvarb Group's Rudy Ricciotti-Designed Thompson Hotel South Beach Nearing Completion

Construction is nearing completion at Thompson Hotel South Beach which is being developed by Finvarb Group, led by Ronny Finvarb, and Chahine Investment Corp. Glass has been installed at the architectural masterpiece by world-renowned French architect Rudy Ricciotti, its iconic wave design is already making a statement in Miami Beach. The Thompson Hotel South Beach is set to transform the nexus of Washington Ave. and 17th St., with close proximity to the beach, Lincoln Road, The Miami Beach Convention Center and Collins Avenue.

The mixed-use project is being developed on a .7 acre site at 1685 Washington Ave. When complete the building will feature a 150-room hotel which will be branded as a Thompson Hotel by Hyatt, with a rooftop restaurant and pool deck, as well as ground-floor retail. Ortega is the general contractor.

In addition to the Thompson and other projects in different stages, Finvarb Group owns 13 hotels and restaurants in Florida, Texas and Arizona, including the Kimpton Palomar South Beach and Osteria Morini, the Residence Inn by Marriott South Beach, and the Courtyard by Marriott South Beach, which they developed. Finvarb Group also recently acquired the iconic Macy’s South Beach, the Landon Bay Harbor, including The Palm restaurant, and an assemblage in Deerfield Beach, including JB’s on the Beach, among others.

Chahine Investment Corp. is a family office subsidiary managed by Agathe Chahine that focuses its investments on office buildings, luxury hotels with the historic Palacio Ludovice in Lisbon that just opened, private equity, and financial markets.

Lefferts Tops Off 72 Miami Beach Short-Term Rental Luxury Condo '72 Park'

Lefferts, a NYC and Miami-based real estate development firm, has topped off of its new luxury Miami Beach condominium, 72 Park, on Wednesday, September 13. Slated for completion in summer 2024, the 22-story project designed by national architecture firm Built Form with interiors and landscapes designed by Urban Robots Associates, will be the first new luxury tower on Miami Beach to permit short-term rentals.

Located at 580 72nd St., 72 Park will offer 206 units ranging from 470 to 1,177 square feet. Cervera Real Estate is the exclusive sales team, with available inventory starting at the $700,000s. Cervera Real Estate is the exclusive sales and marketing partner for 72 Park. The luxury mixed-use condominium will also offer 10,000 square feet of prime, ground-floor retail space, with tenants including New York Staple Roberta’s, a Michelin Bib Gourmand restaurant from co-founder Brandon Hoy and two-Michelin-starred chef and co-founder Carlo Mirarchi.

Located ust south of Surfside, the stunning 22-story project by national architecture firm Built Form is centrally located within a pedestrian-friendly neighborhood where residents and guests can enjoy the best of both worlds: a peaceful, charming beachside community alongside the excitement of Miami Beach with instant access to recreation, restaurants, retail, music, arts and culture. When complete, the luxury tower will offer residents spectacular 360-degree views extending from the Atlantic Ocean to the Intracoastal Waterway, including Downtown Miami.

The luxury condominium is conveniently located on the park, just steps away from the beach, the Miami Beach Tennis Academy; North Shore Park, a sprawling indoor and outdoor sports and recreation complex featuring 12 tennis courts, pickleball and two baseball fields; the Miami Beach Bandshell outdoor amphitheater; a historic cultural center; Normandy Shores Golf Club; and the new Miami Beach Aquatic Center and Park, which will house an Olympic-size pool, a community library, a fitness center, a three-acre park and 10,000 square feet of retail. Beach service is provided for residents, including transportation and complimentary use of recreational equipment such as Boogie Boards, paddleboards, bikes and more.

Residents will have access to 64,000 square feet of luxurious amenities for residents, including an expansive 35,000-square-foot amenity deck with nearly an acre of lush, tropical landscaping; a 150-foot-long resort-style pool with cabanas; a bar and lounge with indoor-outdoor seating; a state-of-the-art fitness center with yoga lounge; 24/7 coworking lounge with private “pods”; kids playroom; private outdoor barbecue area; a private rooftop featuring a sun deck with dining areas and grills; and an outdoor screening area for movie nights and sporting events.

Other building features include a double-height lobby with wrap-around floor-to-ceiling windows showcasing 8,500 square feet of prime, ground-floor retail space, including the forthcoming Roberta’s restaurant and pizzeria by two-Michelin-starred chef Carlo Mirarchi.

The project at 72 Park is one of four residential developments Lefferts is spearheading as part of its long-term commitment to revitalizing this Miami Beach neighborhood and ushering in a new era of investment and growth for one of the most desirable oceanfront communities. The firm is applying its more than 20 years of residential and commercial real estate expertise to revitalize the heart of Miami Beach, located just south of Bal Harbour and Surfside and north of the iconic Fontainebleau Miami Beach. The pedestrian-friendly neighborhood is within walking distance of the beach and features Miami Modernist (MiMo) architecture and ample green space, including North Shore Open Space Park, the largest park in Miami Beach, which recently underwent a multimillion-dollar renovation.

The First Estate Built On Star Island In 1924 Sells For $57 Million Following Ultra-Luxe Mega-Expansion

The first estate built on Star Island in 1924 has sold for $57 million following an ultra-luxe mega-expansion. The transaction is one of the highest prices paid for a modern home in Miami-Dade. The seller was represented by Dina Goldentayer with Douglas Elliman, while the undisclosed buyer was represented by Chad Carroll with The Carroll Group at Compass.

Located at 27 Star Island, the sprawling estate offers history and the ultimate in contemporary living with two distinct homes spanning 25,000 square-feet of living space on an expansive 40,000 square-foot waterfront lot. The property initially listed for $90 million with Alyssa Morgan, currently of INSIDE Network, seeking to set a Miami-Date County record. Star Island is one of Miami Beach’s most coveted address’ with just 30 waterfront homes in the gated community.

The original home built in 1924 by prominent architect Walter De Garmo is Star Island’s first residence. The structure was picked up and relocated to the South side of the property in 2014 and masterfully restored in a way that embodies the roaring 20’s. The second home is a modern masterpiece overlooking 100 feet of water frontage designed by Starchitect SAOTA and built by Coastal.

Together the residences offer a total of 11 bedrooms plus 12 full and 3 half baths. Features include a Chef’s kitchen with Gulio appliances and 5 cooking methods, elevator, sunset rooftop lounge, and 1,400 bottle wine room. Estate amenities include a waterfront gym, spa with sauna & steam, cold plunge, jacuzzi , massive wraparound pool, office cabana, spa with massage room and hair salon, and new dock with boat lift.

Images by Lifestyle Production Group (LPG) from the original listing by Alyssa Morgan which was covered by PROFILEmiami in January 2022.

Images via LPG/ONE Sotheby’s International Realty

Check Out This Hibiscus Island Home Which Just Sold For Non-Waterfront Record $5.1 Million

185 S Hibiscus Drive has sold for $5.1 million, setting a record ppsft for a non-waterfront home in the ritzy guard-gated neighborhood of Hibiscus Island. Per public record, the buyer is Brad Pitt's manager Cynthia Pett-Dante. Dina Goldentayer and Joseph Schafer with Douglas Elliman represented the seller and Jordan Karp of Jordan Karp LLC represented the buyer.

The completely renovated modern home is nestled in the tropical and highly coveted Hibiscus Island. Situated on a 9,500 SF corner lot, the open floorplan home with features multiple sitting areas and gorgeous millwork as well as custom build-ins throughout. A sleek kitchen by Italkraft with an oversized chef's island, European cabinetry, & marble counters by Opustone offer an elevated dining experience. The primary suite is appointed with 2 walk-in closets, steam shower + soaking tub, and its own terrace.

The lush outdoors features a new heated saltwater swimming pool, sundeck, and privacy landscaping. Hibiscus Island is a 24/7 guard gated community with tennis and basketball courts, playground and is in proximity to South of 5th & Downtown Miami.

Images via Become Legendary / Dina Goldentayer

PROFILEmiami & Ella Miami Beach Present: The Revitalization of North Beach - An Exploration Into The Past, Present & Future

DATE CHANGE: RESCHEDULED TO NOVEMBER 1

PROFILEmiami and Ella Miami Beach are pleased to present ‘The Revitalization of North Beach: An Exploration Into the Past, Present & Future’, featuring an immersive panel event exploring Miami Beach’s North Beach, its rich past, and fast changing landscape with new developments such as Ella Miami Beach ushering in a new era of sophisticated living to the storied neighborhood. The evening will include an in-depth discussion on the revitalization of North Beach along with cocktails and networking at Ella Miami Beach’s Sales Gallery on Collins Ave.

The relaxed and open setting provides an opportunity for attendees to learn about the current and future state of North Beach and how new developments such as Ella are giving a nod to the neighborhood’s past. The sales gallery provides an intimate yet luxurious setting to enjoy cocktails, as well as juices and bites by Pura Vida, while networking with some of South Florida’s preeminent real estate leaders. The engaging panel will feature keynote speakers Eduardo Otaola of Constellation Group and developer of Ella Miami Beach; Raymond Fort of Arquitectonica; Daniel de la Vega of ONEsir; and Tracy Slavens of LSN Partners, LLC; moderated by Demetri Demascus of PROFILEmiami.

The stunning, state-of-the-art, showroom for Ella Miami Beach provides a sneak preview of the art deco inspiration, style and sophistication of the project being developed by Constellation Group, The Boschetti Group, and Vietmar. The 10-story boutique condominium will soon rise in the heart of Miami Beach at 6940 Abbott Avenue. Ella Miami Beach will feature 95 residences exclusively marketed by ONE Sotheby’s International Realty including studios to two-bedroom floor plans ranging from 434 to 1,076 square feet. Prices start in the upper $600,000s, an attractive entry price for a new-build product in Miami Beach, where new construction pricing typically starts at approximately $1 million. The new construction building is expected to break ground in the first quarter of 2024 and is slated for completion in 2026.

Who Should Attend: Developers, Investors, Brokers, Lenders, Architects, Lawyers, Designers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.

Date: November 1, 2023 | 6 PM - 8 PM

Where: Ella Miami Beach Sales Gallery, 6897 Collins Ave. Miami Beach

Panelists:

• Raymond Fort, Arquitectonica

• Eduardo Otaola, Constellation Group

• Daniel de la Vega, ONE Sotheby’s International Realty

• Tracy Slavens, LSN Partners, LLC.

• Moderator: Demetri Demascus, Co-Founder of PROFILEmiami

SPEAKERS

Moderator:

Hosts & Sponsors

Hosts:

Terranova Brings Ice Cream Hotspot Salt & Straw To Lincoln Road in Miami Beach

Terranova Corporation, a leading commercial real estate firm, and Chairman Stephen Bittel have brought the highly anticipated arrival of Salt & Straw, the beloved ice cream brand from Portland, Oregon, to Lincoln Road. Opening its doors on September 1st, Salt & Straw has signed a seven-year lease for a prime location at 749 Lincoln Road, occupying 1,525 square feet. This exciting addition marks Salt & Straw's third Miami location, following successful openings in Wynwood and Coconut Grove, as well as their presence in Oregon, Washington, Las Vegas, Los Angeles, San Diego, San Francisco and more.

Terranova, which currently owns seven properties on Lincoln Road spanning over 137,411 square feet, recognizes the significance of introducing new national restaurants to South Florida, specifically to the vibrant district of Lincoln Road. Salt & Straw's presence will diversify the area, complementing its sweet treats with a unique dining experience.

"We are thrilled to announce the grand opening of Salt & Straw on Lincoln Road," said Mindy McIlroy, President of Terranova, the property's representative in the negotiations. "As a renowned destination for restaurants and retail, Lincoln Road stands among the most popular districts in the country. Our core focus is to enhance the district by introducing a range of unique and beloved establishments. Salt & Straw, with its dedication to community engagement and philanthropy, is an ideal addition that perfectly aligns with our current tenants. We believe that the arrival of Salt & Straw will attract a wave of customers and add significant value to the dynamic dining community on Lincoln Road."

Salt & Straw's journey began in 2011 as a humble ice cream cart in Portland's Alberta Arts District. Beyond being just an ice cream store, Salt & Straw strives to foster a sense of community by becoming an integral part of the neighborhoods they serve. Through their menu, they shed light on important issues and emphasize the value of exceptional hospitality.

"We couldn't be more thrilled to open our doors on the iconic Lincoln Road," enthused Kim Malek, Founder and CEO of Salt & Straw. "Becoming part of the dynamic community of local restaurants and shops that have made Lincoln Road their home fills us with immense excitement. The continuous investments in art, music, collectibles, and inviting park-like spaces to enhance the area are truly inspiring. Our mission is to offer visitors an unparalleled taste adventure, creating cherished moments that will endure in the hearts of the community for years to come. We are eagerly anticipating the opportunity to serve the Lincoln Road community and to create unforgettable memories together."

The addition of Salt & Straw to the vibrant landscape of Lincoln Road represents a milestone in the ongoing evolution of South Florida's culinary scene. Terranova Corporation, with its deep appreciation for the district's allure and potential, is dedicated to curating a tapestry of extraordinary establishments that captivate visitors and locals alike. Salt & Straw's presence, driven by their unwavering commitment to community engagement and philanthropy, will undoubtedly elevate the dining experience on Lincoln Road.

Images via Terranova

"Siesta Key" MTV Star Sam Logan Buys Miami Beach Waterfront Mansion For $13 Million

MTV reality star Sam Logan of “Siesta Key” has acquired Villa Una, a Kobi Karp-designed waterfront mansion in Miami Beach for $13 million in an all cash deal. The new construction 5,600 SF home located 1485 Cleveland Rd. in Miami Beach offers 6 bedrooms and 6.5-baths on 0.26 acre lot. Jordan Karp of Jordan Karp LLC represented the buyer, Logan, while Pier Paolo Visconti and Claudia Llanes of Douglas Elliman represented the sellers.

The tropical modern home features striking Italian craftsmanship and was finished completely custom with the finest materials including custom millwork doors, French white oak floors and formal living spaces with exquisite details throughout. The indoor-outdoor paradise features incredible waterfront views from every room with majestic sunsets. Villa Una also features a custom Italian chefs kitchen, home office, elevator, gym, media room and a 1,000 SF master suite with an oversized closet. The home is fully automated with Crestron/Lutron and state-of-the-art technology throughout including a Tesla charger. Outside features a pool and 75’ of waterfront on Biscayne Bay with no fixed bridges to the Haulover inlet for ocean access.

Images via Kobi Karp Architects & Interior Design

Iconic New York Pizzeria Roberta's Set To Return To Miami With First Permanent Location At 72 Park

Lefferts, a real estate development firm specializing in high-quality residential and commercial properties in Miami and New York City, is thrilled to announce it has secured New York staple Roberta’s, a Michelin Bib Gourmand restaurant from co-founder Brandon Hoy and two-Michelin-starred chef and co-founder Carlo Mirarchi, as a tenant at its luxury Miami Beach condominium 72 Park. The Miami Beach outpost will be the iconic brand’s first location in Florida.

Established in 2008, Roberta’s started in a modest cinder-block warehouse in Brooklyn. The restaurant quickly became a neighborhood icon, capturing the hearts of foodies across the state with its diverse menu of artisanal plates and seasonal dishes curated with local, international and homegrown ingredients from its rooftop garden. The success prompted the owners to open a handful of locations across New York City. The brand has since expanded globally with a variety of eateries, from full-service restaurants to more casual concepts.

“We are very excited to introduce Roberta’s to the vibrant city of Miami,” said Roberta’s chef and co-founder Carlo Mirarchi. “The energy and diversity of Miami’s food scene resonates deeply with our commitment to providing fun and memorable dining experiences for our guests. With its rich cultural tapestry, Miami provides the perfect canvas and 72 Park the perfect home for Roberta’s first step into the Florida market.”

In addition to the restaurant, the Roberta’s team will also be bringing some of their popular programming. “We love the neighborhood,” added Roberta’s co-founder Brandon Hoy. “And can’t wait to not only serve this community, but to also add some Brooklyn charm to the city’s culinary landscape.”

Roberta’s will wrap around the northwest corner of 72 Park, a brand-new residential building located at 580 72nd St. The eatery will occupy 3,000 square feet of 72 Park’s approximately 10,000 square feet of prime, ground-floor retail space. The 22-story tower is slated for completion in Summer 2024 and will feature luxury residences ranging from 410 to 2,200 square feet, with prices starting in the $700,000s.

“Lefferts is committed to this neighborhood and is thoughtfully curating products and experiences that will celebrate and enhance the quality of life for residents and visitors. We couldn’t be happier that Roberta’s has chosen to open at 72 Park, bringing a taste of NYC and an award-winning dining experience,” said Jim Hedden, chief development officer of Lefferts. “Roberta’s is the perfect addition to the lifestyle and amenities planned for our luxury condominium.”

Designed by Built Form, 72 Park is centrally located within a pedestrian-friendly neighborhood where residents and guests can enjoy the best of both worlds: a peaceful, charming beachside community alongside the excitement of Miami Beach with instant access to recreation, restaurants, retail, music, arts and culture.

With interiors and landscapes designed by Urban Robots Associates, the LEED Gold-certified condominium tower includes Jr., one-, two-, and three-bedroom units that combine luxury and style with spacious floor plans, high ceilings, deep balconies, Italian cabinetry, imported stone and energy-efficient appliances. All units will be offered fully furnished and will include floor-to-ceiling, impact-resistant glass; keyless entry with SALTO and smart access controls; individually controlled and energy-efficient central AC and heating systems; premium bathroom fixtures, hardware and accessories. Advanced smart building features include high-speed, fiber-optic Wi-Fi access throughout and five high-speed passenger elevators with access control.

The property also features 64,000 square feet of luxurious amenities for residents, including an expansive 35,000-square-foot amenity deck with nearly an acre of lush, tropical landscaping; a 150-foot-long resort-style pool with cabanas; a bar and lounge with indoor-outdoor seating; a state-of-the-art fitness center with yoga lounge; 24/7 coworking lounge with private “pods”; kids playroom; private outdoor barbecue area; a private rooftop featuring a sun deck with dining areas and grills; and an outdoor screening area for movie nights and sporting events.

Renderings via Elephant Skin Studio / Lefferts

Tory Burch Co-Founder Lists Lavish Miami Beach Estate For $49 Million

Christopher Burch, the co-founder of fashion brand Tory Burch and founder and CEO of Burch Creative Capital, has listed his lavish estate on Miami Beach’s prestigious North Bay Road for $49 million. The classic post-modern design showcases an air of timeless sophistication, find meticulously crafted living spaces, eight bedrooms and eight full plus two half bathrooms, that reflect South Florida living to its core.

Stepping into the main house, the wood paneling throughout evokes a sense of warmth and coziness. Within the interiors, impeccable detailing can be found in every room from the embroidered curtains and trimming to the furnishing and artwork. The layout includes four bedrooms with the master situated upstairs along with two additional rooms. Vaulted ceilings coupled with two closets and two bathrooms create a sense of luxuriously appointed privacy. There is another spacious bedroom downstairs that could serve as an alternate primary. Find a kitchen featuring a large dining area, separate prep kitchen, breakfast nook, and a dedicated butler’s pantry with a rotisserie oven. Several lush courtyard areas infuse a sense of tranquility into the space.

The guest house spanning 1,500-square feet features two separate entrances that can be configured as four bedrooms – in its current state it is situated as two separate bedrooms with one living area each.

Beyond the walls, find perfectly manicured grounds adjacent to the wide-open views of Biscayne Bay and 139 feet on the water complete with an oversized dock. A backyard pool offers an entertaining area with a covered pizza oven and grill. The pool on the side of the house boasts a steam and sauna, cold plunge and hot tub.

5050 N Bay Road is listed for $49 million by Mirce Curkoski and Albert Justo with ONE Sotheby’s International Realty.

Images via The Waterfront Team / ONE Sotheby’s International Realty